1. Market Research
  2. > Retail
  3. > General Dealer Market Trends
Unmanned Convenience Store Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Offering ; Type

Unmanned Convenience Store Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Offering ; Type

  • April 2020
  • 116 pages
  • ID: 5891678
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The global unmanned convenience store market was valued US$ 67.48 million in 2019 and is expected to reach US$ 1,640.32 million by 2027 with a CAGR growth rate of 51.9% during the forecast period. The global unmanned convenience store market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies ready to invest in the unmanned convenience store. Moreover, the lack of sustainable competitiveness among leading players along with technical expertise has further reduced the entry barriers enabling the serious threat from regional and local players operating in the unmanned convenience store market. There is a growing penetration of automated hardware and solutions for achieving operational efficiency is gaining momentum in the unmanned convenience store market. Currently, the APAC leads the global unmanned convenience store market, with 61.6% of the unmanned convenience store market share, followed by North America and Europe. Factors such as the adoption of digital transformation, automated tools, and increasing awareness regarding the benefits of the automated shopping experience, are propelling the growth of the unmanned convenience store market.

The idea behind the unmanned convenience store is to take advantage of smartphone payment systems to remove the need for clerks and other staff.The automated systems gather the data about what consumers prefer, saving it into artificial intelligence to streamline inventories and logistics.

However, a number of Chinese companies had opened around 40 unmanned stores across China, with an aim to enhance profit margins in the retail sector by reducing the cost spent on staff and their salaries. There are various operators who invested in these stores, which include e-commerce firms Alibaba Group Holdings, JD.com and Tencent, a home appliance retailer Suning, and a courier company in China named Shunfeng Express. Initially, the trend raised concerns for traditional shops to run out of business, and a high number of employees might lose their jobs. However, in the year 2018 to 2019, the market for unmanned convenience store witnessed a downfall, as it turned out that more than ten unmanned stores were shut down, and those still operating were struggling with lackluster performance. The main reason for this was the retailer’s concern that the work of selling products cannot be fully automated or replaced by computers yet. However, as the technology is changing and the use of advanced equipment is increasing, including sensors, cameras, voice, and facial recognition devices, digital payment devices, among others is the major factor boosting the growth of unmanned convenience store market during the forecast period. Furthermore, several other countries are increasing their adoption of digital transformation technology to compete effectively in the global market and increase their revenue growth. Moreover, the growth of unmanned convenience store market is predicted to increase during the forecast period owing to a growth in demand for automated operations from the countries that are technologically advanced in the APAC.

The unmanned convenience store market has been segmented on the basis of offering, type, and geography.Based on offering, the market is segmented into solution and service.

The solution segment represented the largest share of the overall unmanned convenience store market throughout the forecast period and it is also expected to be the fastest growing unmanned convenience store offering owing to the increasing number of technology advancements in machine vision, facial recognition, shelf sensors, barcodes, quick response (QR) codes, and RFID tags.Based on type, the unmanned convenience store market is segmented into fully automated and semi-automated.

In 2019, semi-automated type held a substantial share in the global unmanned convenience store market. While, fully automated type is anticipated to grow at the highest CAGR from 2020 to 2027.Geographically, the market is segmented into four major regions- North America, Europe, Asia Pacific (APAC), and Rest of World (RoW).

Some of the key players operating in the global unmanned convenience store market which are profiled in this market study include Amazon, Inc., Bingobox, CYB-Org, F5 Future Store, and Shenzhen Rakinda Technology, Co., Ltd. among others. In addition to these players, there are several other important players operating in the unmanned convenience store market which were studies analyzed during the course of this market research study, such as, Walmart Inc., Dollar General, Walgreens, Alibaba, Jingdong, Tencent, JD.com, Inspiration Corridor, DeepMagic, Foodstuffs, EasyGo, Bianlifeng, 7-Eleven Inc., and Watasale among others.

The overall global unmanned convenience store market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global unmanned convenience store market.

It also provides an overview and forecast for the unmanned convenience store market based on all the segmentation provided for the global region.Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the unmanned convenience store market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

E-Commerce in Greece

  • $ 990
  • March 2020
  • 4 pages

Vending recorded modest but positive current value growth in 2019, with positive sales increases also expected over the forecast period, largely mirroring the performance of tourism. Vending machines in ...

Retailing in Iraq $ 2100 March 2020

Retailing in Uganda $ 2100 March 2020

Retailing in Angola $ 2100 March 2020

Retailing in Laos $ 2100 March 2020

Retailing in Sri Lanka $ 2100 March 2020

Retailing in Bangladesh $ 2100 March 2020

Retailing in Nigeria $ 2100 February 2020

Retailing in Turkey $ 2100 March 2020


ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on