Asia-Pacific retail automation is estimated to witness a strong CAGR of 15.3% during the forecast period (2020-2026). With rapid economic growth, increasing urbanization, and accelerated integration into the world market, there has been a surge in the number of supermarkets and hypermarkets in many developing countries of Asia-Pacific. This has been the primary factor responsible for the growth of retail automation market in the region. The region boasts two of the fastest growing economies including India and China. The urbanization is also at an all-time high and playing a pivotal role in the growth of retailing industry, which makes the outlook of retail automation, bullish.
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Growth witnessed in supermarkets across the globe has resulted from the increasing competition between retailers, primarily in the US and Europe. This increase in competition has led to increasing introduction of supermarkets and hypermarkets, squeezing the smaller-scale retailers. Retailing giants in developed countries have been looking to seek opportunities overseas, such as in Asia-Pacific, responding to the impact of increasing domestic competition. Tapping on the opportunities overseas has been supported by the liberalization of rules relevant to FDI (Foreign Direct Investment) in numerous countries. As these retailers are free-flowing and expanding rapidly in the Asia-Pacific, so is the demand for retail automation solutions.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19 forecast
o Most affected region/segment
Asia-Pacific Retail Automation Market Report Segment
By Product
o RFID and Barcode Scanner
o POS Systems
o Vending Machines
o Self-Scan Checkout systems
o Other Hardware Types
o Workforce Management Software
o Supply Chain and Inventory Management Software
o Retails Apps and Online Store Applications
By End-User
Asia-Pacific Retail Automation Market Report Segment
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