asia-pacificretail-automation-market-industry
Published

January 2017

Asia-Pacific Retail Automation Market by Point-of-Sale, Self-Service Systems, Products, and Geography-Market Shares, Forecasts, and Trends (2017 - 2022)

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More than 4.2 billion people live in the Asia-Pacific region and population continues to expand drastically, along with the rising incomes and increasing attraction to modern western lifestyle. These conditions, along with the fact that Asia-Pacific is the fastest-growing economy in the world with GDP growth for 2016-2017 forecasted to be more than 5%, offer favorable conditions for the growth of the retail industry in this region. Even after the sluggish growth, the retail sales in China grew by 13%, mostly characterized by the growth in the convenience stores, and it continues to be the lucrative market that no retailer wants to ignore. Younger population and high per capita income is driving the Malaysian retail industry, which is eyed by international retailers due to favorable regulations by the government. This growth in the retail industry will provide impetus to the growth of retail automation in the region.  

Asia-Pacific Retail Automation Market-Market Dynamics                     

Automation will play a major part in the growth of the retail industry since the growth will push retailers to invest in automation products and services as it helps them to cut down costs and boost efficiency. These solutions also enhance the customer experience as well as the efficiency of retail store employees. There are various automated products available in the retail automation market like the barcode reader, currency counter, bill printer, cash register, and kiosks.

Drivers

Factors driving this market are:

  • Increasing retail stores
  • Cost pressures and business process optimization
  • Growth in retail industry worldwide

Restraints

Factors restraining this market are:

  • Constant watch required over kiosks
  • Self-service systems are inconvenient to some customers

The Asia-Pacific retail automation market report talks about the key factors that contribute to the growth of the market, discussing the technology overview and the trends, providing the recent developments and the products available in the market. To discuss this, the market has been segmented based on types, that is, either the one with partial or manual intervention or the ones that are completely automated like those of unattended terminals. The market is also segmented based on products like barcode reader market, weighing scale market, currency counter market, bill printer market, cash register market, card reader market, kiosks market, self-checkout systems market, among others. The report also provides country-specific forecasts of the market, giving a detailed insight into the market’s performance.

Some of the major vendors manufacturing retail automation solutions are:

  • Casio
  • First Data Corporation
  • Fujitsu
  • Honeywell
  • Motorola
  • NCR Corporation
  • Seiko Epson
  • Siemens
  • Wincor Nixdorf
  • Toshiba

What the Report Offers 

  • Market definition for the Asia-Pacific retail automation market along with identification of key drivers and restraints for the market.
  • Market analysis for the Asia-Pacific retail automation market, with country-specific assessments and competition analysis on a global and regional scale.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
  • Identification and analysis of the macro and micro factors that affect the Asia-Pacific retail automation market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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