North American retail automation market is estimated to display a CAGR of 11.7% during the forecast period. Modern retailing is shifting toward automated mechanized warehouse in the US and the emergence of extensive technological advancements in in-store operations is making the complex global supply chains more efficient and thereby increasing global competitiveness among retailers. This shift has encouraged multinational conglomerates to invest significantly in automated logistics and warehouse facilities across North America.
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The huge presence of retailing giants such as Walmart Inc., Metro Inc., and Sysco Corporation, among others also makes the region a colossal prospect for the retail automation service providers in the region. North American retailers are globalizing the R&D activities to stay competitive in the globalized market. Besides, the emergence of technologies in the retail industry is expected to witness growth in North America to ease global trade demands. Moreover, the growing demand for highly sophisticated retail services, and the need to achieve high accuracy levels in retailing operations such as inventory management, are the major factors expected to propel the growth of the retail automation in the region. According to the US Department of Commerce, in July 2019, the US registered approximately 73.8% of trade exports and 79.0% of trade imports with free-trade partners. Moreover, the rise in trade policies in turn increases the global flow of goods which is a major factor expected to drive the growth of the market in the region during the forecast period.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- by Components, and End-user
- Countries Covered- The US and Canada
- Competitive Landscape- Fiserv, Inc.; Honeywell International Inc., Microsoft Corporation, Toshiba Global Commerce Solutions, and Zebra Technologies Corporation
Key questions addressed by the report
- What is the market growth rate?
- Which segment/country dominates the market in base year?
- Which segment/country will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Retail Automation Market Report Segment
By Product
- Hardware
o RFID and Barcode Scanner
o POS Systems
o Vending Machines
o Self-Scan Checkout systems
o Other Hardware Types
- Software
o Workforce Management Software
o Supply Chain and Inventory Management Software
o Retails Apps and Online Store Applications
By End-User
- Supermarkets/Hypermarkets
- Convenience Stores
- Fuel Stations
- Other
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
