A $21.3 Billion Global Opportunity for Retail Automation by 2026

 

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$21.3 Billion by 2026, growing at a CAGR of 9.6% over the analysis period. PoS, one of the segments analyzed in the report, is projected to record a 10.2% CAGR and reach US$9.4 Billion by the end of the analysis period. 

After a thorough 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.

The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $3.7 Billion by 2026

The Retail Automation market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2026 trailing a CAGR of 9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

ESL Segment to Reach US$912 Million by the year 2026
In the global ESL segment, USA, Canada, Japan, China and Europe will drive the 7.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$460.6 Million in the year 2020 will reach a projected size of US$786.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.