This North America Europe Retail Automation Market market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving North America Europe Retail Automation Market market.
Automation is the latest advancement set to revolutionise the global retail market. The retail automation market is expected to witness steady growth, owing to such avant-garde collaboration between global retail and consumer goods sector, and the global electronics and IT industry. Considering the fact that retail industry drives the growth of several business and trade ventures around the world, the influence of automation will bring more efficiency to billions of retail transactions.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The global market for retail automation is gaining traction in Asia Pacific, Western Europe, and Middle East & Africa (MEA). The two most lucrative regions for the growth of the global retail automation market are North America and Europe.
Retail Automation in North America
Of these two regions, North America is the current market leader, holding the greater pie of retail automation market share. The North American retail automation market is likely to register high growth rate during 2014-2020 period.
North America remains a lucrative market for retail automation globally, with the US and Canada witnessing steady demand. North American consumers have adopted the prominent trend of relying on retail automated products and services for business transactions, which has made an affirming impetus on the retail automation market. Economic progress and rising purchasing power of consumers are some of the trends, specific to North America, that make the outlook of retail automation market considerably positive.
The European Retail Automation Market
Europe, on the other hand, is closing in on North America in order to become the leading key region in the global retail automation market. Several retail chains and multiple product lines established in Europe are helping the setting up of retail automation in European nations. The European regional market is primarily segmented into UK, Germany, Spain, France and others. Britain’s exodus from EU is likely to impact the implementation of automation in UK’s retail market. But, the economic stability in other European countries is expected to create a supportive dais for building up the retail automation market.
Factors Benefiting the Growth of Retail Automation Market
Consumers in the US and European countries prefer buying from hypermarket and malls, which is great platform for automated retail kiosks.
Challenges in the Global Retail Automation Market
The retail automation market in North America and Europe is growing steadily, but there are a handful of factors that may restrain or slow down its growth. In the US and Canada, a key challenge for retail automation is its greatest disadvantage -- the loss of job. Labours and working professionals at retail outlets are a major contributor of the region’s economy. Rising unemployment levels could plunge the local economy, having a rippling effect on the national economies of North America.
In Europe, the instability of economies across its constituent nations is restraining the growth of its retail automation market. Improving financial conditions in Turkey, Russia and Poland could influence the expansion of automated retail products; however, theundulating economies of Spain, Italy as well as Britain, can impede the adoption of automation in European retail sector.
Besides, maintaining the continuous supervision of retail kiosks, high dependency on electricity and the implications arriving from variable internet regulations are some other restraints recoiling the progress of retail automation in Europe and North America.
The segmentation of the retail automation market is done on the basis of geography, the operator type and the product type.
Electronic companies such as Seiko Epson, Fujitsu, First Data Corp., Siemens, Toshiba and Wincor Nixdorf are some of the top players in the global retail automation market. Most of these ICT companies are headquartered in Europe, making the region a credible platform for new manufacturers and startups in retail automation. Meanwhile, North American retail giants such as Walmart and Kroger are developing their own devices and services to reap benefits from the amalgamation of retail and automation.
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as products, operator type, and geography.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps qualitative impact of various market factors on market segments and various geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
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North America and Europe, collectively, will continue their prominence in the global market, with respect to the market size, revenue share, and overall demand. The factors that will incite this growth are,
- Growth of Local Retail & Customer Reception
Local retail markets are growing in several parts of North America & Europe. Combined with a positive consumer response, automated retail will continue flourishing in niche retail markets.
- Overflowing Investments on Automation Products & Services
Retail giants dominating the existing retail market are investing in automated programs and devices for creating efficient output. The cost advantage is increasing the demand for automated retail services.
- Proliferation of Shopping Centres and Supermarkets
- North America (sub-segmented into United States, Canada & others)
- Europe (sub-segmented into Spain, France, UK & others)
Operator Type Segmentation
- Unattended Terminals
- Human-Operated Terminals
- Currency Counter
- Barcode Reader
- Bill Printer
- Cash Counter
- Cash Register
- Card Reader
- Self-Checkout System
- Weight Scale
- Kiosks/Vending Machine
Report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint