The North America and Europe Retail Automation Market and Europe is anticipated to grow at a CAGR of 9.5% from 2022 to 2032, reaching US$ 40.05 billion by that time. In 2022, it was predicted that the retail automation market in North America and Europe would be valued US$16.16 billion.
The main trends driving demand for automated services in retail markets are visual merchandising, planograms, and big data in retail. An advantageous environment for the expansion of the retail automation market on a global scale can be created by efficient automated goods and programmes that quicken the sales of North America and Europe retail automation process, increase efficiency in product supply, and develop easily accessible business platforms.
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Retail automation offers adaptable and simple solutions to both retailers and customers with the help of cutting-edge technologies. Greater demand for automated products is being caused by their advantages, which include manageable business platforms, effective product supply chains, and quicker sales processes. In addition to ensuring a favourable environment for North America and Europe retail automation market expansion, this boosts retailer revenues through cost advantage.
Key Takeaways:
- With the largest share of the retail automation market, North America is the current market leader.
- Retail automation continues to enjoy strong demand in North America, particularly in the US and Canada.
- In the race to become the dominant key region in the global retail automation market, Europe is catching up to North America.
- The market is expanding as a result of new technologies providing a range of solutions from the loading dock to the checkout line to increase operational efficiency.
- The retail industry in North America is about to undergo a transformation as a result of the adoption of new automation technology.
- Since countries like China, India, and Japan account for a sizable portion of the market, Asia Pacific is anticipated to expand significantly.
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Start-up Ecosystem:
When creating a new startup, there are many factors to take into account, including how to validate your idea, where to find funding, and what features the product should have.
- Sequoia Capital led Series F investment round at Faire, the online wholesale marketplace that connects more than 200,000 retailers in North America and Europe with 20,000 brands from over 80 countries, closed for $260 million. The funding values Faire at $7 billion, nearly tripling its previous valuation of $2.5 billion announced just over six months ago.
- Grabango, a pioneer in checkout-free technology for grocery and convenience stores already in operation, revealed that it had secured $39 million in Series B funding.
- Stackline, a Seattle-based technology company that creates subscription-based ecommerce tools for thousands of the biggest consumer brands and retailers, today announced that TA Associates, a top global growth private equity firm, has made a $130 million strategic investment in the company.
- A strategic partnership between Mastercard and CleverCards has been established to increase the use of digital cards throughout Europe. The agreement comes as CleverCards joins Mastercard’s Fintech Express programme, enabling CleverCards to streamline the payments value chain across Europe and enable businesses to instantly pay anyone, anywhere, at any time.
Competitive Landscape:
Some of the leading players in the North America and Europe retail automation market are electronic firms like Seiko Epson, Fujitsu, First Data Corp., Siemens, Toshiba, and Wincor Nixdorf. Since the majority of these ICT companies have their headquarters in Europe, the continent serves as a reliable foundation for new businesses and manufacturers in the retail automation industry.
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Key Segments
By Geographic Segmentation:
- North America (sub-segmented into United States, Canada & others)
- Europe (sub-segmented into Spain, France, UK & others)
By Operator Type Segmentation:
- Unattended Terminals
- Human-Operated Terminals
By Product Segmentation:
- Currency Counter
- Barcode Reader
- Bill Printer
- Cash Counter
- Cash Register
- Card Reader
- Self-Checkout System
- Weight Scale
- Kiosks/Vending Machine
- Others
Related Link :
https://www.evernote.com/client/web?login=true#?an=true&n=b721d1c0-a966-28ea-c232-14e086e42295&
https://vherso.com/read-blog/26478
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