United States Automated Retail Market was valued at USD 6.79 Billion in 2022 and is projected to reach USD 15.44 Billion by 2030, growing at a CAGR of 10.98% from 2024 to 2030.
The US Automated Retail Market is rapidly evolving, with technological advancements transforming the way consumers interact with retail services. Automated retail, which refers to the use of machines and technology to deliver goods and services, has become a significant force in the retail industry. From kiosks to vending machines, and even fully automated stores, the growth of this market is driven by consumer demand for convenience, speed, and efficiency. The market has seen exponential growth, with an expected compound annual growth rate (CAGR) of over 15% over the next few years.
The rise of automated retail is fueled by various industries requiring more streamlined and cost-effective solutions for their operations. For example, in the food and beverage sector, quick service restaurants and convenience stores have adopted automated kiosks to streamline ordering processes, reduce human error, and improve customer satisfaction. Additionally, the healthcare industry is embracing automated retail solutions for distributing pharmaceuticals, medical devices, and personal care items. This demand for automation in retail is not just driven by large corporations but also by small businesses looking to offer contactless, efficient services to their customers.
In terms of industry requirements, the key drivers for automation in retail include the need for reduced operational costs, improved customer experience, and the ability to handle high-volume transactions without human intervention. Automation also allows retailers to extend operating hours, offer more personalized experiences, and even reduce the impact of labor shortages. For example, automated checkouts in grocery stores and retail outlets have helped increase efficiency and shorten wait times for customers.
Furthermore, the US Automated Retail Market is seeing increasing demand from sectors like electronics, fashion, and entertainment. Automated vending machines are now being used to sell everything from gadgets to clothing, making it easier for customers to access products at any time of day or night. In addition, the rise of e-commerce has pushed traditional brick-and-mortar stores to adopt automated solutions to compete with online retailers in terms of convenience and availability.
As the market continues to expand, businesses must stay ahead of technological trends to remain competitive. To do so, industries must adopt cutting-edge solutions such as artificial intelligence, machine learning, and advanced payment systems to enhance the efficiency and functionality of automated retail platforms. The future of the US Automated Retail Market is bright, with continuous innovation set to shape the next generation of retail experiences.
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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 US Automated Retail Market
Vending Machines
Kiosks
Smart Fridges
Automated Pharmacies
Retail Robots
Food and Beverage
Healthcare and Pharmaceuticals
Electronics
Fashion and Apparel
Beauty and Personal Care
Cashless Payment Systems
Mobile App Integration
AI and Machine Learning
IoT Connectivity
Contactless Technology
Millennials
Generation Z
Working Professionals
Families
Senior Citizens
Impulse Buyers
Convenience Seekers
Budget-conscious Shoppers
Brand-loyal Customers
Occasional Users
US (United States, US 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 US 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. US Automated Retail Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Automated Retail Market, By Type
6. US Automated Retail Market, By Application
7. US Automated Retail Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Automated Retail Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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