Retail Automation Market Share

North American Market Forecast

The retail automation market in North America is estimated to have the largest share of 38% in 2023, impelled by the higher rate of automation technology which is being adopted by several businesses, the increasing e-commerce market, and growing labor expenses, which are driving market growth in this region. 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 Statistics

The Asia Pacific retail automation market is estimated to be the second largest, during the forecast period led by a 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 this region.