The Global Self-Checkout Systems Market size is projected to grow at a CAGR of 15.9% during the forecast period, 2021-2028 and is expected to reach USD X.X billion by 2028 from USD 2.5 billion in 2018, with an estimated 9 million units installed across the globe by 2028.
Self-checkout systems are designed to allow customers to scan and pay for their own items. They typically have a barcode scanner, credit card reader, and receipt printer. Some also have scales that can weigh produce and other items. Most self-checkout systems include a customer display screen that shows the customer what they are scanning and how much they are spending. They also provide a receipt that the customer can print or email to themselves. Some self-checkout systems have built-in scales, while others allow customers to scan the barcodes of their own produce items. In either case, customers typically bag their own groceries and then take them out to their car.
On the basis of Type, the global self-checkout systems market is segmented into stand-alone self-checkout systems, wall-mounted self-checkout systems, and countertop self-checkout systems.
Stand-alone self-checkout systems are those that are not connected to any other system. They are usually freestanding units that can be placed anywhere in the store. This type of system is ideal for small stores or businesses where there is limited space. Stand-alone self-checkout systems are considered one of the most effective solutions for modern retail stores. It is an automated system that uses computerized barcode scanners to identify, track and price check items through a cash register. Users can scan the item by themselves with ease using this machine which speeds up the scanning process during checkout time.
Wall-mounted self-checkout systems are stand-alone units that can be installed directly on the wall. They offer customers an alternative checkout process, particularly suitable for small stores and other locations where space is limited. Wall-mounted self-checkout systems offer several advantages. First, wall-mounted systems take up less space than countertop or stand-alone systems. This is especially important in smaller stores where every inch of floor space is valuable. Second, wall-mounted systems are easier to use than countertop systems, since the checkout screens and scanners are at eye level. This makes it easy for customers to scan their items and check out quickly. Third, wall-mounted systems can be integrated with store software to provide additional functionality, such as tracking inventory or managing customer loyalty programs. Finally, wall-mounted systems are often more affordable than other types of self-checkout systems.
Countertop self-checkout systems are the most popular type of self-checkout system. These systems are installed on a counter and include a touchscreen that allows customers to scan items, enter payment information, and bag their own purchases. Countertop systems typically require less floor space than other types of self-checkout systems, making them ideal for small businesses and stores with limited space.
On the basis of Application, the global self-checkout systems market is segmented into Hypermarket & Supermarket, Department Stores, Grocery/Convenience Stores, Pharmacy, and Others.
On the basis of Region, the global self-checkout systems market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to account for the largest share of the self-checkout systems market in 2018. The growth of this region can be attributed to increasing online shopping and awareness about new technologies, which are driving demand for advanced technologies such as artificial intelligence (AI) based checkout services among consumers. The market in the Asia Pacific region has witnessed high growth due to increased online shopping activity coupled with rising demand for self-checkout systems in retail applications. Latin America is expected to be the fastest-growing market for self-checkout systems during the forecast period. This can be attributed to the increasing adoption of these systems in retail applications and the rising demand for automation in various industries.
Currently, the self-checkout market in Europe is still growing and is expected to grow at a steady pace during the forecast period of 2019 to 2028. The large number of retailers adopting this technology has made it one of the most common technologies used for shopping among North American consumers. France, Germany, and the UK are the leading countries in terms of market share. In France, this technology is being widely accepted by both small and large retailers. The country has a well-developed retail sector with a high concentration of supermarket chains, which is driving the demand for self-checkout systems. Germany also has a sizeable number of supermarkets that are willing to adopt this technology. The country is expected to have the highest growth rate during 2019-2028 owing to its established retail sector, which provides opportunities for various players.
The global self-checkout systems market is observed to be driven by factors such as increasing demand for automation in the retail sector, the rising adoption rate of smart devices (tablets & smartphones) among customers, growing needs for faster checkouts at shopping malls/hypermarkets/supermarkets, and the need for high-end technologies to drive sales. The market is further driven by the increasing trend of online shopping.
Up Market Research published a new report titled “Self Checkout Systems Sales Market research report which is segmented by Types (Stand-alone Self-checkout Systems, Wall-mounted Self-checkout Systems, Countertop Self-checkout Systems), By Applications (Hypermarket & Supermarket, Department Stores, Grocery/Convenience Stores, Pharmacy, Others), By Players/Companies NCR, Toshiba, Diebold Nixdorf, Fujitsu, ITAB, Pan-Oston, IBM, Grupo Digicon, Hisense, Modern-Expo Group, HP Inc.”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Self Checkout Systems Sales Market Research Report |
By Type | Stand-alone Self-checkout Systems, Wall-mounted Self-checkout Systems, Countertop Self-checkout Systems |
By Application | Hypermarket & Supermarket, Department Stores, Grocery/Convenience Stores, Pharmacy, Others |
By Companies | NCR, Toshiba, Diebold Nixdorf, Fujitsu, ITAB, Pan-Oston, IBM, Grupo Digicon, Hisense, Modern-Expo Group, HP Inc. |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 242 |
Number of Tables & Figures | 170 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Stand-alone Self-checkout Systems, Wall-mounted Self-checkout Systems, Countertop Self-checkout Systems and By Application Hypermarket & Supermarket, Department Stores, Grocery/Convenience Stores, Pharmacy, Others.
Some of the companies that are profiled in this report are:
Self Checkout Systems Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Self Checkout Systems Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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