Smart shelves refer to the shelf that is
transistorized with a radio frequency identification reader (RFID) sensor which
is equipped inside, above or behind the shelves. Nowadays, hypermarkets are
opting for smart shelves as they help in optimization and increase their sales.
Consumers prefers to go to smart shelves equipped hypermarket because smart
shelves offers discounts or offers as the consumer picks up a product.
The market share of the smart shelves has constantly been rising due to the
increasing adoption of smart shelves as they provide benefits to both customers
as well as hypermarkets and offers various advantages over the normal shelves.
The evolutionary advantages that smart shelves offer over normal shelves are
automatic low end stock alert, better operations management, observing consumer
preferences and theft identification. Further, the normal shelves do not offer
these features and result in decreased efficiency of hypermarket staff and low
sales figure.
However,
the smart shelves are integrated systems offering better control and
connectivity of hypermarket inventory. The smart shelves are meshed with weight
sensors which send notification to the back end system when an item is lifted.
Further, these shelves do send a message as misplaced items to the back end
system when it detects a product that does not relate to that segment. Smart
shelf gives various information to the retailers which they use to increase
their customer service. The retail sector is expected to be more addressable to
the consumer demands and provide better shopping experience by digitizing the
stores and hypermarkets.
Market Size and Forecast
The market
is anticipated to witness a robust growth over the forecast period. Increasing
consumer expectation is resulting in the increased demand for digitized retail
stores. Further, profit maximization of the retail stores is one of the key
factors anticipated to fuel the demand for smart shelves market.
North America held the largest market of smart shelves market till 2016 and is
expected to continue its dominance over the forecast period as they are early
adopters of new technologies. Moreover, roughly 90% purchase is done in offline
stores such as retails and hypermarket which is expected to provide a robust
growth to the smart shelves market
in North America.
North America is the largest market
of smart shelves followed by Europe and Asia-Pacific. Moreover, Europe is the
second largest market and expected to witness a significant growth over the
forecast period.
Rising consumer expectation for personalization and customization need and
increasing share of the economy is anticipated to fuel the demand for smart
shelves in the European countries.
Further,
Asia-Pacific is expected to show a rise in the demand for smart shelves market
owing to the increasing population and rising disposable income.
Market Segmentation
Our
in-depth analysis segmented the global smart shelves market in the following
segments:
By Type of
Retail Outlet
Departmental
Stores
Supermarket
Discount
Stores
Supermarket
Specialty
Stores
Others (
Dollar stores, malls, pharmacy store)
By Region
Global
smart shelves market is further classified on the basis of region as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest
of Asia) Market size, Y-O-Y growth & Opportunity Analysis
Middle
East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Disruptive
technology and increasing customer personalization and customization is
expected to drive the global smart shelves market over the forecast period i.e.
2017-2024. Moreover, the benefits of smart shelves such as profit maximization
of the retailer and delivering customized shopping experience are expected to
positively shape the global smart shelves market. In addition to this,
increased level of customer satisfaction is projected to escalate the global
smart shelves market.
However,
the higher cost of smart shelves is likely to dampen the growth global smart
shelves market. Moreover, shifting of customers to online retail store is
anticipated to slow down the demand of smart shelves.
Key players
Mondelez
International
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Kroger
Powershelf
Gillette
WestRock
T-Ink
Seeionic
Inc.
Nielsen
Panasonic
NeWave
Sensor Solutions
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The Global
smart shelves market is segmented as follows:
By Type of
Retail Outlet Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know
more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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