Retail Automation Market Outlook:
Retail Automation Market size was over USD 26.82 billion in 2024 and is anticipated to cross USD 66.47 billion by 2034, growing at more than 9.5% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of retail automation is estimated at USD 28.99 billion.
The market growth is propelled by increased use of Artificial Intelligence (AI) in the retail industry, as AI allows businesses to be ""smarter"" in terms of staffing and implementation of decisions, which helps the organization to optimize the labor, replenish the costs, along with maximizing the sales as well. According to the World Economic Forum, AI services in the retail sector are expected to increase from 5 billion USD to about 31 billion USD by 2028.
Furthermore, the rising consumer demand, especially for automated solutions in retail settings is a significant growth driver of the retail automation market. According to a company survey, there is an 11% increase in customer visits to stores that have been integrated with automated technology. By 2025, such retailers plan to automate 70% of their daily routine store tasks while prioritizing tech investments which will enhance operational efficiency, while reducing costs, and helping in gaining higher profits.
