India Retail Automation Market |India Retail Automation Market report - Ken Research

India Retail Automation Market |India Retail Automation Market report

India Retail Automation Market Outlook to 2019 – Driven by increase in FDI, Elevated Local Production and Demand from Small-Scale Retailers

Automation has been a critical factor for the determination of extended growth for retail sector in India. With an estimated growth rate of 15.0% from FY’2009 to FY’2014, the Indian retail industry has witnessed a rapid adoption of technology in the past five years.

The revenue generated from the sale of automation devices increased from INR ~ million in FY’2009 to INR ~ million in FY’2011. The 21st century witnessed the emergence of super markets and hypermarkets. The advent of such organized retailing segments in the county has allowed for the establishment of automation devices.

This market has been segmented on the basis of various products such as cash registers, point of sale terminals, vending machines, barcode scanners and automated fuel dispensers.

INDIA POS TERMINALS MARKET

The POS terminal market has been driven by demand from retail stores across the nation. This demand has intensified as a result of the convenience offered by these devices. The point of sale solution has offered control over different areas of the retail business such as automation of transactions, inventory management, customer relationship management and several others.

INDIA AUTOMATED FUEL DISPENSERS MARKET

The automated fuel dispensers market in India has been renowned as an emerging segment in the fuel retailing sector. OMCs have started the process to automate their entire model of fuel retailing to stem out pilferage. The revenues have showcased a CAGR of ~% during FY’2012-FY’2014. The total number of units sold in the year FY’2014 stood at ~ units.

INDIA CASH REGISTERS MARKET

Technological growth and the rapid expansion of retail industry have driven the sale of cash registers in India. With a less number of cash register manufacturing units in India, retailers and traders have resorted to imports from foreign nations. Vietnam and China were recorded as the major import partners of India for the total worth of cash register imports in the year FY’2014. The total value of cash register imports stood at INR ~ million whereas the total number of imports stood at ~ in the same year.

INDIA VENDING MACHINES MARKET

The market of automated vending machines in India has been observed to be present in its nascent stage. Despite of being a relatively old concept, the penetration of such machines in the Indian market has been shallow. There have been several factors such as backward consumer perception, inability to use automated systems and lack of awareness about modernized technology which have restricted the growth of this market.

INDIA BARCODE SCANNERS MARKET

India is largely regarded as the importer of barcode scanners from various countries across the globe. In FY’2014, the total imports of barcode readers stood at INR ~ million with a shipment of ~ units.

This market has showcased a momentous growth rate of ~% during the years FY’2009-FY’2014. The sale of barcode readers in India has generated INR ~ million in revenues in the year FY’2014 which represented a significant increase from FY’2009.

Each product in the India retail automation market has witnessed domination by different companies. POS Terminals have been majorly manufactured by VeriFone and Motorola and have observed the inception of new players such as Ezetap and Mswipe who provide mobile POS solutions. Cash registers market in India has been cramped with a number of players and SMEs such as TVS Electronics and Forbes and Co. Foreign manufacturers have dominated the automated fuel dispensers and barcode scanners market in India. The vending machines product which has observed steady imports over the years has been majorly manufactured by SMEs such as Beta Automation and Future Techniks.

Source : https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/india-retail-automation-market-research-report/641-93.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Tags: , , , , , , , , , , , ,

scroll to top