Global Self Checkout Systems Market Size 2024, Forecast To 2033
6 Mar, 2024
The self-checkout systems market has undergone rapid growth, escalating from $4.71 billion in 2023 to $5.29 billion in 2024, with a notable compound annual growth rate (CAGR) of 12.2%. The growth in the historical period can be attributed to the versatility in applications, increased construction activities, cost-effective equipment, rising demand in agriculture, and an upswing in the rental market. The market size is expected to experience rapid growth, reaching $8.54 billion in 2028, supported by a CAGR of 12.7%. Anticipated factors contributing to this growth include urbanization and infrastructure development, a focus on fuel efficiency, enhanced operator comfort, compliance with emission standards, and increased demand from emerging markets. Major trends in the forecast period encompass technological advancements, autonomous and remote-controlled features, electric and hybrid variants, digitalization in construction, and ease of operation.
Global Self Checkout Systems Market Key Driver
The self-checkout systems market is poised for growth, driven by the increasing demand in the retail and tourism industries. These two pivotal sectors play a crucial role in driving the economy, with the retail industry encompassing establishments offering goods and services, and the tourism industry involving travel using various modes of transportation. Self-checkout systems, a key technology in both sectors, allow customers to complete their purchases without the need for traditional staffed checkouts. In December 2022, the United States Census Bureau reported a substantial 17.1% increase in US retail sales, reaching $6.52 billion in 2021 from $5.57 billion in 2020. Additionally, the Bureau of Economic Analysis (BEA) noted a remarkable 64.4% expansion, equivalent to $362.0 billion, in the actual production of the US travel and tourism industry in February 2023. This surge in demand from the retail and tourism industries underscores the driving force behind the growth of the self-checkout systems market.
Get A Free Sample Of The Global Self Checkout Systems Market ReportGlobal Self Checkout Systems Market Segments
The self-checkout systems market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Model Type: Standalone, Countertop, Mobile
3) By Transaction: Cash-Based Systems, Cashless-Based Systems
4) By End-User Industry: Retail, Entertainment, Travel, Financial Services, Healthcare, Other End-User Industries
By Geography:The regions covered in the self-checkout systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the self-checkout systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global self-checkout systems market during the forecast period. The regions covered in the self-checkout systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Self Checkout Systems Industry Players
Diebold Nixdorf Inc., NCR Corporation, Toshiba Global Commerce Solutions, Fujitsu Limited, ITAB Group, Gilbarco Inc., Pan-Oston Corporation, StrongPoint, ECR Software Corporation, The International Business Machines Corporation, Pyramid Computer GMBH, Qingdao CCL Technology Co.Ltd., Mashgin Inc., MishiPay Ltd., 365 Retail Markets LLC, MetroClick, Scanflow AB, DXC Technology Company, Slabb Inc., ShelfX Inc., Pegasus Technologies, Ombori, Hisense Systems Europe, U-Scan Genesis, Capgemini SE, Wincor Nixdorf, Zebra Technologies, Honeywell International Inc., Trigo Vision Ltd., Datalogic S.p.A.
Get The Full Global Self Checkout Systems Market ReportSelf Checkout Systems Market Overview
Self-checkout systems refer to automated machines that allow customers to scan and pay for their purchases without the assistance of a cashier or store employee. These systems are commonly used in commercial settings and are designed to provide customers with a convenient and efficient way to complete their purchases.
Self Checkout Systems Global Market Report 2023 provides data on the global self checkout systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The self checkout systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.