Automated Retail Market was valued at USD 18.87 Billion in 2022 and is projected to reach USD 39.67 Billion by 2030, growing at a CAGR of 9.62% from 2024 to 2030.
In comparison, from 2023 to 2033, the demand for automated retail is projected to skyrocket due to several factors, including rapid advancements in AI, machine learning, and the growing need for contactless, efficient, and personalized shopping experiences. The market outlook for this period suggests an even higher degree of automation, with AI and machine learning not just enhancing the shopping experience but also driving inventory management, customer service, and personalized recommendations. This period is expected to see automated retail expanding beyond traditional vending machines and self-checkout stations, incorporating innovative technologies like automated delivery systems, drone deliveries, and fully automated stores.
The demand for fully automated stores is particularly noteworthy, with companies like Amazon Go leading the way in cashier-less shopping experiences. These stores use a combination of sensors, AI, and computer vision to track purchases, eliminating the need for checkout lines and providing a fast, frictionless shopping experience. As more retailers implement similar technologies, the demand for automation in the retail sector will grow exponentially.
Furthermore, the rise of smart cities and increased consumer reliance on mobile devices will create an even more favorable environment for the automated retail market. Consumer preferences will continue to evolve, with younger generations expecting more personalized and efficient shopping experiences, and automation will be the key to delivering on these expectations. The market is expected to expand globally, with emerging markets in Asia-Pacific, particularly China and India, showing a strong demand for automated retail solutions.
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The automated retail market, which experienced significant growth from 2018 to 2022, is expected to continue evolving in the coming decade. From 2018 to 2022, the market witnessed considerable investments, driven by advancements in technologies like artificial intelligence (AI), robotics, and the internet of things (IoT). This period saw the rise of self-checkout kiosks, automated vending machines, and AI-powered retail solutions that enabled a more seamless shopping experience. Consumers’ increasing preference for contactless transactions and convenience led to a growing demand for automated retail solutions during these years.
Sanmina
Toshiba
Pricer
Leviton technologies
Data logic
First data
Fujitsu
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automated Retail Market
Point of Sale (POS)
Supply Chain
Based on Types the Market is categorized into Below types that held the largest Automated Retail market share In 2023.
CAD (Computer Aided Designing)
NCD (Numerically Controlled Devices)
Robots
Information Technology
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automated Retail Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automated Retail Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automated Retail Market, By Type
6. Global Automated Retail Market, By Application
7. Global Automated Retail Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automated Retail Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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