Retail Automation Market Size Worth $53.01 Billion By 2032 | CAGR: 9.2%
The global retail automation market size is expected to reach USD 53,01 billion by 2032, according to a new study by Polaris Market Research. The report “Retail Automation Market Share, Size, Trends, Industry Analysis Report, By Product (Camera, PoS, RFID & Barcode, Others), By Implementation (In-store, Warehouse), By End-use (Fuel Stations, Supermarkets, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The retail industry is witnessing a significant shift towards the automation of operational processes, primarily driven by the growing engagement of customers. This trend is not only modifying traditional retail business models but also creating new opportunities along the value chain for market players in the retail automation sector. The increased adoption of autonomous guided vehicles (AGV) & autonomous mobile robotics (AMR) within the industry is a key factor contributing to the growing demand for automation. Furthermore, the global surge in demand for digital payments, propelled by the implementation of UPI, has added to the overall momentum in the market.
In developing nations like India, the implementation of GST plays a pivotal role in driving the adoption of the automation solutions, especially with the incorporation of e-invoicing. The effective management facilitated by retail automation not only ensures compliance with high standards in the retail logistics & e-commerce but also positions companies with the efficient management & superior logistics to dominate market and maintain competitiveness in the long run.
Recognizing the advantages of automating retail workflows, businesses expected to increasingly deploy retail automation across different channels. The growing adoption of the advanced innovative technologies throughout the retail industry prompts players to provide tailored systems and solutions, aiming to enhance business performance and enable stores to operate more efficiently, ultimately delivering an improved shopping experience for consumers.
For instance, in April 2023, Toshiba Commerce Solutions., a provider of retail automation platforms, introduced "mission control," a global services command center for its Proactive Availability Services solution. This center aims to support retailers worldwide by offering remote and secure monitoring insights into in-store system technology. Similarly, in July 2023, Coalescent Mobile Robotics, collaborated with StrongPoint. This partnership enables Coalescent Mobile Robotics to leverage StrongPoint's extensive network and expertise in Europe, facilitating the introduction of its innovative autonomous mobile robots to the grocery retailers throughout the continent.
Retail Automation Market Report Highlights
- Warehouse segment expected to grow at the fastest rate, to improve workflow efficiency, reducing errors, and time management
- POS segment held the largest share, as there is surge in the cloud-based deployments among SMEs
- Hypermarket will grow rapidly, to manage work efficiently & to reduce manual repetitive errors
- North America dominated the market, owing to rapid rise in retail automation across all industries
- The key market players include 6 River Systems, Amazon Web Services, Casio Computer, Datalogic, Diebold Nixdorf, E&K Automation, Kuka & NCR Corporation
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Polaris Market Research has segmented the retail automation market report based on implementation, product, end use, and region:
Retail Automation, Implementation Outlook (Revenue - USD Billion, 2019 - 2032)
- In-store
- Warehouse
Retail Automation, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Point-of-Sale (POS)
- RFID & Barcode
- Camera
- Electronic Shelf Label
- Warehouse Robotics
- Others
Retail Automation, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Hypermarkets
- Single Item Stores
- Supermarkets
- Fuel Stations
- Retail Pharmacies
- Others
Retail Automation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Retail Automation Market Report Scope
| Report Attributes | Details |
| Market size value in 2024 | USD 26.30 billion |
| Revenue forecast in 2032 | USD 53.01 billion |
| CAGR | 9.2% from 2024 – 2032 |
| Base year | 2023 |
| Historical data | 2019 – 2022 |
| Forecast period | 2024 – 2032 |
| Quantitative units | Revenue in USD billion and CAGR from 2024 to 2032 |
| Segments covered | By Implementation, By Product, By End Use, By Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Customization | Report customization as per your requirements with respect to countries, region, and segmentation. |
| For Specific Research Requirements |
