Asia-Pacific retail automation market is expected to have the highest CAGR of 15.3% during the forecast period. The growth of the Asia-Pacific market can be attributed primarily to the increasing retailing sector, the rapid rise of e-commerce start-ups, and the influx of foreign players in the market. Secondary growth factors include increasing urbanization, disposable income, and growing economy that have also been contributing to remarkable growth in the Asia-Pacific retail automation market in the last few years. Investors in the region perceive retail to be a field that will have sizeable returns. Over the last decade, the industrial sector in Asia has grown by an average of more than 100 basis points each year, because of stronger income returns. As the retail sector matures in the Asia-Pacific, its performance is expected to match markets like that of the UK.
The retail automation market is segmented based on components and end-user. Based on the component, the retail automation market is segmented into hardware and software. To sub-segmentize, the hardware is based on RFID and barcode scanner, POS systems, vending machines, self-scan checkout systems, other hardware types. Software is further evaluated as workforce management software, supply chain, inventory management software, retails apps, and online store applications. Based on this, the market is classified into supermarkets/hypermarkets, convenience stores, fuel stations, and others. Online retailing in the Asia-Pacific has perceived an exceptional rise in the last few years, especially due to the outbreak of the COVID-19 pandemic. This growth in online retailing has caused the e-retailers to adopt automation solutions for their platforms to enhance efficiency and profit returns.
Country-wise, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China is anticipated to lead the way with increasing industrialization and retailing. Although China is a major contributor to the global retailing industry, a high percentage of manual labor, has reduced the market share of the retail automation industry by a few percentage points. Further, India is the fastest-growing country in the retailing sector as investors are seeking development opportunities, which correspondingly boosts the retail automation market in the region.
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Asia-Pacific Retail Automation Industry Market Segmentation
By Component
- Hardware
- RFID and Barcode Scanner
- POS Systems
- Vending Machines
- Self Scan Checkout systems
- Other Hardware Types
- Software
- Workforce Management Software
- Supply Chain and Inventory Management Software
- Retails Apps and Online Store Applications
By End-user
- Supermarkets
- Hypermarkets
- Convenience Stores
- Fuel Stations
- Retail Pharmacies
- Online Stores
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Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- AGS Transact Technologies, Ltd.
- Capillary Technologies
- Casio Computer Co., Ltd.
- Daifuku Co., Ltd.
- Fujitsu, Ltd.
- Murata Machinery, Ltd.
- Orpak Systems, Ltd.
- Posiflex Technology, Inc.
- Probiz Technologies Pvt Ltd.
- Samsung Electronics Co., Ltd.
- SATO Holdings Corp.
- Seiko Epson Corp.
- Toshiba Global Commerce Solutions
- Toyota Industrial Equipment
- Zebex Industries Inc.
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