US retail automation market is estimated to exhibit a sturdy CAGR of 12.0% during the forecast period. Increasing urbanization, growing overall economy, premiumization, and increasing disposable income have all contributed to the growth of the US retail automation market. The supermarket/hypermarket space in the country is at an all-time high, with expansions all over. The organized retail sector in the country is dominating remarkably, which makes the country a perfect terminus for the retail automation solution providers. In the US, the competition in the retailing sector is increasing at a hefty rate, thus, retailers are looking to procure solutions that would attract more customers and increase their profitability margins. The retailing industry in the country is expected to reach new heights in the next few years, and retailers will turn to automation solutions to cater to the increasing demand.
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Further, some companies in the US logistics sector have a preference for traditional technologies to manage their operations. Also, a large part of the warehouse management still involves manual interventions, from operating equipment to entering data. However, numerous trucking companies in the region operate with less than ten trucks, which make it uneconomical for them to implement logistics automaton. Moreover, start-ups like Zebra Technologies Corporation, McLeod Software, and TouchPath are introducing cloud-based platforms for warehouses and upgraded versions of warehouse management systems. E-commerce and retail giants such as Amazon and Walmart have started automating their regional warehouses using warehouse management software.
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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
- Country Covered- US
- Competitive Landscape- Fiserv, Inc.; Honeywell International Inc., Microsoft Corporation, NCR Corporation, and Zebra Technologies Corporation
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment 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?
US 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.
