Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14,421.8 Million | USD 26,540.2 Million | 10.7% | 2021 |
FrequentlyAsked Questions
The advantages of automated retail have raised awareness about the benefits of automation in retail operations such as inventory optimization, buy or sales services, and others, which are predicted to fuel market growth in the forecast period. In addition, the proliferation of autonomous mobile robotics (AMR) and autonomous guided vehicles (AGV) in the retail industry has increased automation adoption, which is likely to support the growth of the worldwide retail automation market during the forecast period.
According to the Market Research report, the Retail Automation Market was worth about 14,421.8 (USD million) in 2021 and is predicted to grow to around 26,540.2 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 10.7 percent.
North America has acquired the largest share of the market. The dominance is linked to the presence of several prominent players in this region.
Some of the main competitors dominating the Retail Automation Market include - Datalogic S.p.A (Italy), First Data Corporation (US), NCR Corporation (US), Fujitsu Limited (Japan), Toshiba Global Commerce Solutions Inc. (US), Honeywell Scanning and Mobility (US), KUKA AG (Germany), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (US), Pricer AB (Sweden), Posiflex Technology Inc. (US), and E & K Automation GmbH (Germany).
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