China Retail Automation Market Size, Competitive Analysis, Share, Forecast- 2020-2026

The China retail automation market is anticipated to grow at a CAGR of 15.8% during the forecast period. China is the fastest developing and most populous country in the world. Over the past few decades, modern grocery retailing has been expanding rapidly in developing countries including China itself. The Chinese retail industry is driven by abundant population, increasing urbanization, and the growing per capita disposable income of the middle-class populace, which in turn triggering China’s demand for automation solutions for retail space, which is expected to grow at a steady pace. The consumers in China are increasingly demanding for improved services, which has caught retailers’ attention and they are trying to cater to this demand by implementing automation methods.
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Increased digitalization, ‘new retail’ model, growth of community and convenience stores, and expanding delivery service are some of the ongoing retailers’ trends. Both online and offline (brick and mortar) new retail formats are data-driven and have steady footprints, and are expanding swiftly, forming new challenges and competitions for conventional retailers, which apparently increases the demand for retail automation in the country.
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The retail automation market is segmented based on components and end-user. Based on the component, the retail automation market is segmented into hardware and software. To sub-segmentize, the hardware is based on RFID and barcode scanner, POS systems, vending machines, self-scan checkout systems, other hardware types. Software is further evaluated as workforce management software, supply chain, inventory management software, retails apps and online store applications. On the basis of, the market is classified into supermarkets, hypermarkets, convenience stores, fuel stations and other.
Further, the consumers in China are increasingly urbane with hefty demands on their time. They are actively seeking out food products and services that are convenient and quick, that meets their demands. The ability to buy products using smartphone payment applications such as AliPay and WeChat Pay coupled with increased accessibility in retail outlets and online have been critical to successful products. The digital space is ever-increasing in the country, and more e-commerce vendors are adopting automation solutions to prevail in such a competitive environment.
Market Segmentation
China Retail Automation Market by Component
Hardware
• Barcode Scanner Radio-Frequency Identification (RFID) and Barcode Scanner
• POS Systems
• Vending Machines
• Self Scan Checkout systems
• Other Hardware Types
Software
• Workforce Management Software
• Supply Chain and Inventory Management Software
• Retails Apps and Online Store Applications
China Retail Automation Market by End-user
• Supermarkets/Hypermarkets
• Convenience Stores
• Fuel Stations
• Other
Company Profiles
• DongGuan DYscan Technology Co., Ltd
• Emerson Electric Co.
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Honeywell (China) Co., Ltd.
• Libiao Robotics
• Orpak Systems Ltd.
• Seiko Epson Corporation
• Siemens AG
• ZEBEX INDUSTRIES INC.
• Zhejiang Dahua Technology Co., Ltd.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.