Worldwide Retail Automation Markets, 2027 - PoS Segment to Reach $9.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Retail Automation estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$23.2 Billion by 2027, growing at a CAGR of 9.6% over the analysis period 2020-2027.

PoS is projected to grow at a 10.2% CAGR to reach US$9.4 Billion, After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Barcode & RFID segment is readjusted to a revised 9.5% CAGR for the next 7-year period. This segment currently accounts for a 33.4% share of the global Retail Automation market.

The Retail Automation market in the U.S. alone is estimated at US$3.6 Billion in the year 2020. The country currently accounts for a 29.65% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$4 Billion in the year 2027 trailing a CAGR of 9% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$4 Billion by the year 2027.