Global Retail Automation Market Size, Share, Growth Analysis Report - Forecast 2034

Retail Automation Market: Industry Perspective

The global retail automation market size was worth around USD 28.62 Billion in 2024 and is predicted to grow to around USD 71.93 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 9.8% between 2025 and 2034. The report analyzes the global retail automation market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the retail automation industry.

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Retail Automation Market: Overview

Retail automation is the deployment of technology in retail enterprises that works on the premise of automating, simplifying, and removing as much manual labor as possible from an employee's task. 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. The use of real-time analytics in automation is likely to generate considerable revenue growth potential for worldwide market competitors.

The purchasing power of consumers has an exponential relationship with a country's economic growth. Thus, the requirement to boost consumer participation in shopping or purchasing goods has driven the retail industry to dramatically automate its operating operations. Automation has the potential to change retail business models and open up new value chain opportunities for market participants. As a result, the following factors are projected to fuel the growth of the worldwide retail automation market in the future years. Moreover, an increase in R&D operations to expand the scope of virtual marketing in the retail industry is beneficial to the global market.

Key Insights

• As per the analysis shared by our research analyst, the global retail automation market is estimated to grow annually at a CAGR of around 9.8% over the forecast period (2025-2034).
• Regarding revenue, the global retail automation market size was valued at around USD 28.62 Billion in 2024 and is projected to reach USD 71.93 Billion by 2034.
• The retail automation market is projected to grow at a significant rate due to increasing demand for self-checkout, ai-powered analytics, and automated inventory management solutions.
• Based on Type, the Introduction segment is expected to lead the global market.
• On the basis of Component, the Introduction segment is growing at a high rate and will continue to dominate the global market.
• Based on the Implementation, the Introduction segment is projected to swipe the largest market share.
• By Vertical, the Introduction segment is expected to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Retail Automation Market: Driver

The worldwide retail automation market will be driven by rising demand for retail automation products.

With breakthrough technologies, retail automation provides versatile and user-friendly solutions for both retailers and customers. The benefits of automated products, such as manageable business platforms, efficiency in product supply, and faster sales processes, are driving greater demand for them. This increases retailer revenues through cost advantage and ensures a productive environment for worldwide market expansion.

Retail Automation Market: Restraints

Reliance on the Internet and power

Electricity and the Internet are the only sources of power for retail automation goods and solutions. Unattended terminals, such as kiosks and vending machines, require a continual and uninterrupted supply of electricity to ensure that a variety of products are always available to clients. Furthermore, customers nowadays want to make payments online or by card, which necessitates high-speed internet connectivity to ensure quick and timely payments.

However, issues such as changes in climatic conditions, decreased bandwidth, or server traffic can all slow down the internet speed. The retail automation market's growth may be hampered by the absence or failure of electricity and internet access. The lack of such facilities in remote locations limits the installation of automated kiosks or vending machines, both of which require energy and Internet access. This reliance causes significant barriers to commercial growth.

Retail Automation Market: Opportunities

Emerging technologies have high growth potential

Though the United States dominates the retail automation market, developing countries such as China, India, Brazil, and a few African and Middle Eastern countries are also experiencing tremendous growth as a result of foreign direct investment in the retail sector. Many global retailers first centered their market expansion plans on China, but nowadays retailers are gradually being enticed by the possibilities of other markets, particularly Southeast Asian countries and BRIC nations (Brazil, Russia, India, and China). Furthermore, due to their massive consumer bases, India and China are Asia Pacific's largest retail markets.

Developing economies have emerged as prospective retail automation opportunities in recent years. Retailers in these emerging economies are successfully implementing tactics to cater to the expanding middle-class consumer base. The global retail automation market includes a variety of automated products based on characteristics such as the country's economic state, population, GDP, and population spending habits, among others. While automation goods are widely used in rich countries, certain emerging or undeveloped countries, such as Egypt and Yemen, have begun to adopt them in the retail sector due to the tremendous development prospects they provide. As a result, the industry has a significant untapped potential opportunity across many geographies. Asian and Middle Eastern countries are among those geographies that are experiencing market growth. In the foreseeable future, these emerging markets are projected to drive the market. One of the biggest opportunities for this market is the potential rise of the retail automation market in emerging economies.

Retail Automation Market: Challenge

Unattended terminals pose a risk of theft

When retailers locate their kiosk systems or vending machines in remote and isolated locations such as public streets, railway stations, theatres, cafeterias, and airports, it is difficult for them to keep a continual eye on these systems. Due to their open nature, kiosks and vending machines are difficult to safeguard from damage and theft, and there is usually no provision for a protective shell surrounding the kiosk during non-working hours. Thefts and damages can often result in significant losses for shops, which is a significant challenge for retailers in this industry.

Many retailers are experimenting with various solutions to this challenge. Though this option helps to provide security to automated systems to some level, it is challenging for shops that have their automated systems operational 24 hours a day and are located in remote locations.

Retail Automation Market: Segmentation

The global retail automation market is segmented based on Type, Component, Implementation, Vertical, and region.

By Type, the market is classified into Introduction, POS Terminal, Self-Checkout System, Interactive Kiosk, Camera, RFID and Barcode, Electronic Shelf Labels (ESL), Autonomous Guided Vehicle (AGV), Automatic Storage and Retrieval System (ASRS), Automated Conveyor, and Warehouse Robotics. During the forecast period, the Retail Automation Market for cameras is expected to develop at a high rate. When compared to other commercial buildings, malls and retail businesses are more vulnerable to security issues such as theft and inventory loss. Investing in cameras as a retail solution gives various long-term benefits, including increased shop revenues, decreased retail losses, decreased thefts, and analysis of employee activities, as well as knowing consumer purchasing behavior. Contactless payment, RFID transponders, and sophisticated one-click payments are expected to be employed internationally, resulting in a rise in growth.

On the basis of Component, the global retail automation market is bifurcated into Introduction, Hardware (Barcode Scanner, Vending Machines, e-POS Systems, Self-Scan Checkout Systems, and Others), Software (Supply Chain and Inventory Management Software, Workforce Management Software, and Retails Apps and Online Store Applications).

By Implementation, the market is classified into Introduction, On-Store Premise, and On-Warehouse. In-store premises is expected to have the greatest growth. Consumers in developing countries are more likely to visit a store and select the goods they want to buy, which will be a role in the on-store premises recording the highest CAGR. The number of physical stores is gradually increasing in developing economies. The rising countries are densely inhabited, and the majority of people choose to buy everyday necessities from stores due to their ease of access. As a result, despite the rise of e-commerce, some buyers still prefer to buy things in stores. These factors will help the expansion of the Retail Automation Market for in-stores in the approaching years.

By Vertical, the market is classified into Introduction, Hypermarkets, Supermarkets, Single-Item Stores, Apparel, Consumer Electronics, Gadgets, Quick-Service Restaurant, Automotive, Petrol Pumps/Fuel Stations, and Health and Retail Pharmacy. The supermarket vertical category is predicted to contribute the most to the total retail automation market, owing to a rising requirement at these facilities to attract more customers while reducing labor expenses.

Retail Automation Market: Report Scope

Retail Automation Market: Regional Landscape

North America has had acquired the largest share of the market. The dominance is linked to the presence of several prominent players in this region. Additionally, the availability of well-developed IT infrastructure, the widespread use of modern technologies, and the region's well-established infrastructure are projected to drive the market in the approaching years. Emerging technologies are giving a variety of solutions from the loading dock to the checkout line to improve operational efficiency, which is fuelling the market's expansion. Moreover, mobile checkout devices have enabled the sale of items in any location, whether it is a pop-up shop, an event, or a kiosk. As a result, the North American retail business is on the verge of transforming in terms of adopting new automation technology.

The Asia Pacific is also expected to grow significantly during the forecast period because nations such as China, India, and Japan provide a large part of the market. In addition, the region's retail industry's increased use of digitization is propelling the market's expansion. Moreover, the region's large-scale retailer expansion, as well as the growing awareness and popularity of retail automation, are prompting manufacturers to invest in R&D to create better, more dependable, and cost-effective goods.

Recent Developments

• In 2020, Posiflex Technology Inc. launched a new series of PoS systems called HS-3314A, which is a 14′′ Android 9.0 Projected Capacitive Touch (PCAP) POS system. It includes a built-in printer with several peripherals as well as a high-performance Rockchip RK3399 processor.

Retail Automation Market: ​Competitive Landscape

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the retail automation market on a global and regional basis.

The global retail automation market is dominated by players like:

• 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)
• E & K Automation GmbH (Germany).

The Retail Automation Market is segmented as follows:

By Type

• Introduction
• POS Terminal
• Self-Checkout System
• Interactive Kiosk
• Camera
• RFID and Barcode
• Electronic Shelf Labels (ESL)
• Autonomous Guided Vehicle (AGV)
• Automatic Storage and Retrieval System (ASRS)
• Automated Conveyor
• Warehouse Robotics

By Component

• Introduction
• Hardware
• Barcode Scanner
• Vending Machines
• e-POS Systems
• Self-Scan Checkout systems
• Others
• Software
• Supply Chain and Inventory Management Software
• Workforce Management Software
• Retails Apps and Online Store Applications

By Implementation

• Introduction
• On-Store Premise
• On-Warehouse

By Vertical

• Introduction
• Hypermarkets
• Supermarkets
• Single-Item Stores
• Apparels
• Consumer Electronics
• Gadgets
• Quick-Service Restaurant
• Automotive
• Petrol Pumps/Fuel Stations
• Health and Retail Pharmacy

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa