Automated Retail Market Trends and Forecast
The future of the global automated retail market looks promising with opportunities in the airport, railway station, commercial street/building, and school markets. The global automated retail market is expected to grow with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are rising consumer preference for convenient and flexible shopping options and growing demand for self-service options in various industries, such as banking, healthcare, and entertainment.
• Lucintel forecasts that CAD is expected to witness the highest growth over the forecast period.
• Within this market, airport is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: Walmart: Walmart announced plans to invest $350 billion in US manufacturing over the next 10 years, aiming to support American jobs and businesses.Amazon: Amazon revealed its initiative to expand its physical footprint with more than 1,000 small delivery hubs across urban and suburban areas, aiming to improve last-mile delivery and customer experience.Government: The US government set targets to boost agricultural exports by 50% by 2025 through trade agreements and support for farmers.
India: Reliance Retail: Reliance Retail announced plans to invest in strengthening its supply chain infrastructure and digital capabilities to support its expansion goals.Government: The Indian government aims to double farmersÄX%$%X income by 2022 through reforms in agricultural marketing, infrastructure development, and support for value addition.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automated Retail by Segment
The study includes a forecast for the global automated retail by type, application, and region.
Automated Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• CAD (Computer Aided Designing)
• NCD (Numerically Controlled Devices)
• Robot
• Information Technology
Automated Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Airport
• Railway Station
• Commercial Street/Building
• School
• Others
Automated Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automated Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated retail companies profiled in this report include-
• Toshiba
• Pricer
• Leviton Technologies
• Data Logic
• First Data
• Fujitsu
• Sanmina
Recent Development in the Automated Retail Market
ZoomSystems: ZoomSystems is a leading provider of automated retail solutions, specializing in vending machines and automated kiosks. The company has been expanding its presence in airports, shopping malls, and other high-traffic locations. One recent initiative by ZoomSystems is the deployment of smart vending machines equipped with AI-powered inventory management systems to optimize product selection and ensure freshness.
Cubic Corporation: Cubic Corporation is known for its innovative automated fare collection systems for public transportation, but it has also ventured into automated retail solutions. One notable initiative by Cubic Corporation is the development of self-service kiosks for retail stores, allowing customers to browse products, place orders, and make payments without the need for assistance from store staff.
Carvana: Carvana is revolutionizing the automotive industry with its automated car vending machines. Customers can browse and purchase cars online, then pick them up from giant vending machines located in various cities across the United States. CarvanaÄX%$%Xs initiative represents a shift towards automated retail experiences in traditionally offline industries.
Ahold Delhaize: Ahold Delhaize, a major grocery retailer, has been investing in automated retail solutions to enhance the shopping experience for customers. One initiative by Ahold Delhaize is the introduction of "micro-fulfillment centers" in urban areas, where automated robots pick and pack grocery orders for delivery or pickup. This initiative aims to improve the efficiency of grocery fulfillment operations and meet the growing demand for online grocery shopping.
Features of the Global Automated Retail Market
Market Size Estimates: Automated retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automated retail market size by type, application, and region in terms of value ($B).
Regional Analysis: Automated retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the automated retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for automated retail market?
Answer: The global automated retail market is expected to grow with a CAGR of 9.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the automated retail market?
Answer: The major drivers for this market are rising consumer preference for convenient and flexible shopping options and growing demand for self-service options in various industries, such as banking, healthcare, and entertainment.
Q3. What are the major segments for automated retail market?
Answer: The future of the automated retail market looks promising with opportunities in the airport, railway station, commercial street/building, and school markets.
Q4. Who are the key automated retail market companies?
Answer: Some of the key automated retail companies are as follows:
• Toshiba
• Pricer
• Leviton Technologies
• Data Logic
• First Data
• Fujitsu
• Sanmina
Q5. Which automated retail market segment will be the largest in future?
Answer: Lucintel forecasts that CAD is expected to witness the highest growth over the forecast period.
Q6. In automated retail market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automated retail market by type (CAD (computer aided designing), NCD (numerically controlled devices), robot, and information technology), application (airport, railway station, commercial street/building, school, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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