Global Retail Automation Market Forecast Highlights Growth Outlook And Key Trends Over 2025–2029
What Market Size Is Projected For The Retail Automation Market By 2029?
The retail automation market size has grown rapidly in recent years. It will grow from $20.07 billion in 2024 to $22.39 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to competitive pressures, supply chain complexity, e-commerce growth, rising labor costs, changing consumer behavior.
The retail automation market size is expected to see rapid growth in the next few years. It will grow to $35.58 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to shift towards omnichannel retail, emphasis on customer experience, demand for contactless solutions, sustainability initiatives, regulatory compliance, enhanced security measures. Major trends in the forecast period include adoption of blockchain for supply chain transparency, growth of autonomous retail solutions, deployment of augmented reality (AR) in retail, emphasis on sustainability, expansion of voice commerce.
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What Drivers Are Contributing To The Expansion Trajectory Of The Retail Automation Market?
The rising consumer expectations for faster and seamless shopping expected to propel the growth of the retail automation market going forward. Faster and seamless shopping refers to the entail’s swift transactions, streamlined processes, and minimal friction for customers, including quick checkouts, easy navigation, access to product details, and seamless payments. Faster and seamless shopping accelerates growth in the retail automation market through enhanced customer satisfaction, streamlined processes, and data-driven optimization, fostering innovation and expansion. Retail automation uses technology to streamline and expedite the shopping experience, enhancing efficiency and convenience for consumers through quicker transactions and seamless processes. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, the fourth quarter 2023 e-commerce estimate increased 7.5% (±1.2%) from the fourth quarter of 2022, while total retail sales increased 2.8% (±0.4%) in the same period. Therefore, the rising consumer expectations for faster and seamless shopping is driving the growth of the retail automation market.
Which Primary Segments Are Included In The Detailed Analysis Of The Retail Automation Market?
The retail automationmarket covered in this report is segmented —
1) By Product: Point-Of-Sale (POS), RFID And Barcode, Camera, Electronic Shelf Label, Warehouse Robotics, Other Products
2) By Implementation: In-Store, Warehouse
3) By End-Use: Hypermarkets, Single Item Stores, Supermarkets, Fuel Stations, Retail Pharmacies, Other End-Uses
Subsegments:
1) By Point-Of-Sale (POS): Traditional POS Systems, Mobile POS Systems, Cloud-Based POS Systems
2) By RFID And Barcode: RFID Tags And Readers, Barcode Scanners, Inventory Management Systems
3) By Camera: Surveillance Cameras, Smart Cameras For Analytics, Customer Behavior Tracking Cameras
4) By Electronic Shelf Label: LCD Shelf Labels, E-Paper Shelf Labels, Wireless Communication Systems
5) By Warehouse Robotics: Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Robotic Picking Systems
6) By Other Products: Self-Service Kiosks, Digital Signage, Payment Solutions
Which Trends Are Currently Influencing The Direction Of The Retail Automation Market?
Major companies operating in the retail automation market are developing advanced technologies, such as the integration of robotics and automation, to serve customers better with advanced features. Integrating robotics and automation refers to incorporating robotic systems and automated processes into various aspects of industrial operations, manufacturing, or other industries. For instance, in August 2023, Dobot, a Japan-based robotic arms producer, launched Nova collaborative robots for retail automation. The first two Nova models have 2 kg and 5 kg payloads for handling retail and physiotherapy tasks, respectively. The Nova Series has multiple safety features to sense human movement intelligently and stops operation in 0.01 seconds upon collision detection. In case of a power outage, Nova automatically freezes in position to ensure the safety of others.
Which Major Corporations Play A Crucial Role In The Retail Automation Market Landscape?
Major companies operating in the retail automation market are Samsung Electronics Co. Ltd., Amazon Web Services Inc., Honeywell International Inc., Fujitsu Limited, Posiflex Technology Inc., NCR Corporation, Zebra Technologies Corporation, KUKA AG, Diebold Nixdorf Inc., Casio Computer Co. Ltd., Capillary Technologies, PAX Technology Inc., Datalogic S.p.A, Toshiba Global Commerce Solutions Inc., WiseTech Global group, First Data Corporation, Optimove Inc., Tecsys Inc., ECR Software Corporation, SandenVendo, E&K Automation GmbH, 6 River Systems LLC, Focus Softnet FZ LLC, Vinculum Solutions Pvt. Ltd., Pricer AB, Future Way Technical Services LLC, QR Retail Automation (Asia) Sdn Bhd, Napse, Kiosk & Display LLC, Wincor Nixdorf AG
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Which Geographical Region Is Projected To Lead The Retail Automation Market Throughout The Forecast Period?
North America was the largest region in the retail automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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