Retail Automation Market Regional Analysis:
North American Market Insights
The retail automation market share in North America is estimated to cross 38% by the end of 2034, impelled by higher rate of automation technology which is being adopted by several businesses, increasing e-commerce sector, and growing labor expenses. Around 30% of the workers are expected to be exposed to advanced technologies used for several automation purposes, while the manufacturing workers are much more exposed than other workers. Furthermore, many manufacturers have also been relocated to this region because of the presence of a large customer base and to achieve high economies of scale. Local retailers in the region are also starting to offer several benefits to customers, such as loyalty programs, to encourage digital payments, which drives the demand for the retail automation market.
APAC Market Insights
The Asia Pacific retail automation market is predicted to witness exponential CAGR during the forecast period, led by higher number of small-sized and medium-sized enterprises, as they are highly adopting the automation technology. Furthermore, mobile checkout devices in several developing countries have made it possible to sell goods anywhere including events, kiosks, pop-up stores, and various other public areas. The new automation technologies are going to have an impact on the retail industry in the region.
