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Self-Checkout System - Global Market Trajectory & Analytics

  • ID: 1946800
  • Report
  • May 2020
  • Region: Global
  • 154 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Self-Checkout System market worldwide will grow by a projected US$2.9 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 10.9%. Hardware, one of the segments analyzed and sized in this study, is forecast to grow at over 10.3% and reach a market size of US$2.2 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Hardware market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 10.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$114.3 Million to the region's size over the next 7 to 8 years. In addition, over US$116.4 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Hardware segment will reach a market size of US$147.7 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Self-Checkout System market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 9.4% over the next couple of years and add approximately US$388.8 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Self-Checkout System market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

Crane Payment Innovations (CPI), Diebold Nixdorf, Inc, Fujitsu Ltd, IBM Corporation, NCR Corporation, Olea Kiosks Inc, PCMS Group Ltd, Tesco PLC, Toshiba TEC Corporation
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Global Competitor Market Shares
Self-Checkout System Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Self-Checkout System Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Self-Checkout System Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Hardware (Offering) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Hardware (Offering) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Software (Offering) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: Software (Offering) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Services (Offering) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: Services (Offering) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Standalone (Mounting Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 10: Standalone (Mounting Type) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 11: Wall-mounted and Countertop (Mounting Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 12: Wall-mounted and Countertop (Mounting Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 13: Entertainment (Vertical) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 14: Entertainment (Vertical) Global Market Share Distribution by Region/Country for 2020 and 2027
TABLE 15: Healthcare (Vertical) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 16: Healthcare (Vertical) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 17: Retail (Vertical) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 18: Retail (Vertical) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 19: Hospitality (Vertical) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 20: Hospitality (Vertical) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 21: Travel (Vertical) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 22: Travel (Vertical) Share Breakdown Review by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Self-Checkout System Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 23: United States Self-Checkout System Market Estimates and Projections in US$ Million by Offering: 2020 to 2027
TABLE 24: United States Self-Checkout System Market Share Breakdown by Offering: 2020 VS 2027
TABLE 25: United States Self-Checkout System Market Estimates and Projections in US$ Million by Mounting Type: 2020 to 2027
TABLE 26: United States Self-Checkout System Market Share Breakdown by Mounting Type: 2020 VS 2027
TABLE 27: United States Self-Checkout System Latent Demand Forecasts in US$ Million by Vertical: 2020 to 2027
TABLE 28: Self-Checkout System Market Share Breakdown in the United States by Vertical: 2020 VS 2027
CANADA
TABLE 29: Canadian Self-Checkout System Market Estimates and Forecasts in US$ Million by Offering: 2020 to 2027
TABLE 30: Self-Checkout System Market in Canada: Percentage Share Breakdown of Sales by Offering for 2020 and 2027
TABLE 31: Canadian Self-Checkout System Market Estimates and Forecasts in US$ Million by Mounting Type: 2020 to 2027
TABLE 32: Self-Checkout System Market in Canada: Percentage Share Breakdown of Sales by Mounting Type for 2020 and 2027
TABLE 33: Canadian Self-Checkout System Market Quantitative Demand Analysis in US$ Million by Vertical: 2020 to 2027
TABLE 34: Canadian Self-Checkout System Market Share Analysis by Vertical: 2020 VS 2027
JAPAN
TABLE 35: Japanese Market for Self-Checkout System: Annual Sales Estimates and Projections in US$ Million by Offering for the Period 2020-2027
TABLE 36: Japanese Self-Checkout System Market Share Analysis by Offering: 2020 VS 2027
TABLE 37: Japanese Market for Self-Checkout System: Annual Sales Estimates and Projections in US$ Million by Mounting Type for the Period 2020-2027
TABLE 38: Japanese Self-Checkout System Market Share Analysis by Mounting Type: 2020 VS 2027
TABLE 39: Japanese Demand Estimates and Forecasts for Self-Checkout System in US$ Million by Vertical: 2020 to 2027
TABLE 40: Self-Checkout System Market Share Shift in Japan by Vertical: 2020 VS 2027
CHINA
TABLE 41: Chinese Self-Checkout System Market Growth Prospects in US$ Million by Offering for the Period 2020-2027
TABLE 42: Chinese Self-Checkout System Market by Offering: Percentage Breakdown of Sales for 2020 and 2027
TABLE 43: Chinese Self-Checkout System Market Growth Prospects in US$ Million by Mounting Type for the Period 2020-2027
TABLE 44: Chinese Self-Checkout System Market by Mounting Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 45: Chinese Demand for Self-Checkout System in US$ Million by Vertical: 2020 to 2027
TABLE 46: Chinese Self-Checkout System Market Share Breakdown by Vertical: 2020 VS 2027
EUROPE
Market Facts & Figures
European Self-Checkout System Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 47: European Self-Checkout System Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 48: European Self-Checkout System Market Share Shift by Region/Country: 2020 VS 2027
TABLE 49: European Self-Checkout System Market Estimates and Forecasts in US$ Million by Offering: 2020-2027
TABLE 50: European Self-Checkout System Market Share Breakdown by Offering: 2020 VS 2027
TABLE 51: European Self-Checkout System Market Estimates and Forecasts in US$ Million by Mounting Type: 2020-2027
TABLE 52: European Self-Checkout System Market Share Breakdown by Mounting Type: 2020 VS 2027
TABLE 53: European Self-Checkout System Addressable Market Opportunity in US$ Million by Vertical: 2020-2027
TABLE 54: European Self-Checkout System Market Share Analysis by Vertical: 2020 VS 2027
FRANCE
TABLE 55: Self-Checkout System Market in France by Offering: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 56: French Self-Checkout System Market Share Analysis by Offering: 2020 VS 2027
TABLE 57: Self-Checkout System Market in France by Mounting Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 58: French Self-Checkout System Market Share Analysis by Mounting Type: 2020 VS 2027
TABLE 59: Self-Checkout System Quantitative Demand Analysis in France in US$ Million by Vertical: 2020-2027
TABLE 60: French Self-Checkout System Market Share Analysis: A 7-Year Perspective by Vertical for 2020 and 2027
GERMANY
TABLE 61: Self-Checkout System Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Offering for the Period 2020-2027
TABLE 62: German Self-Checkout System Market Share Breakdown by Offering: 2020 VS 2027
TABLE 63: Self-Checkout System Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Mounting Type for the Period 2020-2027
TABLE 64: German Self-Checkout System Market Share Breakdown by Mounting Type: 2020 VS 2027
TABLE 65: Self-Checkout System Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Vertical for the Period 2020-2027
TABLE 66: Self-Checkout System Market Share Distribution in Germany by Vertical: 2020 VS 2027
ITALY
TABLE 67: Italian Self-Checkout System Market Growth Prospects in US$ Million by Offering for the Period 2020-2027
TABLE 68: Italian Self-Checkout System Market by Offering: Percentage Breakdown of Sales for 2020 and 2027
TABLE 69: Italian Self-Checkout System Market Growth Prospects in US$ Million by Mounting Type for the Period 2020-2027
TABLE 70: Italian Self-Checkout System Market by Mounting Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 71: Italian Demand for Self-Checkout System in US$ Million by Vertical: 2020 to 2027
TABLE 72: Italian Self-Checkout System Market Share Breakdown by Vertical: 2020 VS 2027
UNITED KINGDOM
TABLE 73: United Kingdom Market for Self-Checkout System: Annual Sales Estimates and Projections in US$ Million by Offering for the Period 2020-2027
TABLE 74: United Kingdom Self-Checkout System Market Share Analysis by Offering: 2020 VS 2027
TABLE 75: United Kingdom Market for Self-Checkout System: Annual Sales Estimates and Projections in US$ Million by Mounting Type for the Period 2020-2027
TABLE 76: United Kingdom Self-Checkout System Market Share Analysis by Mounting Type: 2020 VS 2027
TABLE 77: United Kingdom Demand Estimates and Forecasts for Self-Checkout System in US$ Million by Vertical: 2020 to 2027
TABLE 78: Self-Checkout System Market Share Shift in the United Kingdom by Vertical: 2020 VS 2027
REST OF EUROPE
TABLE 79: Rest of Europe Self-Checkout System Market Estimates and Forecasts in US$ Million by Offering: 2020-2027
TABLE 80: Rest of Europe Self-Checkout System Market Share Breakdown by Offering: 2020 VS 2027
TABLE 81: Rest of Europe Self-Checkout System Market Estimates and Forecasts in US$ Million by Mounting Type: 2020-2027
TABLE 82: Rest of Europe Self-Checkout System Market Share Breakdown by Mounting Type: 2020 VS 2027
TABLE 83: Rest of Europe Self-Checkout System Addressable Market Opportunity in US$ Million by Vertical: 2020-2027
TABLE 84: Rest of Europe Self-Checkout System Market Share Analysis by Vertical: 2020 VS 2027
ASIA-PACIFIC
TABLE 85: Self-Checkout System Market in Asia-Pacific by Offering: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 86: Asia-Pacific Self-Checkout System Market Share Analysis by Offering: 2020 VS 2027
TABLE 87: Self-Checkout System Market in Asia-Pacific by Mounting Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 88: Asia-Pacific Self-Checkout System Market Share Analysis by Mounting Type: 2020 VS 2027
TABLE 89: Self-Checkout System Quantitative Demand Analysis in Asia-Pacific in US$ Million by Vertical: 2020-2027
TABLE 90: Asia-Pacific Self-Checkout System Market Share Analysis: A 7-Year Perspective by Vertical for 2020 and 2027
REST OF WORLD
TABLE 91: Rest of World Self-Checkout System Market Estimates and Forecasts in US$ Million by Offering: 2020 to 2027
TABLE 92: Self-Checkout System Market in Rest of World: Percentage Share Breakdown of Sales by Offering for 2020 and 2027
TABLE 93: Rest of World Self-Checkout System Market Estimates and Forecasts in US$ Million by Mounting Type: 2020 to 2027
TABLE 94: Self-Checkout System Market in Rest of World: Percentage Share Breakdown of Sales by Mounting Type for 2020 and 2027
TABLE 95: Rest of World Self-Checkout System Market Quantitative Demand Analysis in US$ Million by Vertical: 2020 to 2027
TABLE 96: Rest of World Self-Checkout System Market Share Analysis by Vertical: 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 20
Note: Product cover images may vary from those shown
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In the Retail environment, hypermarkets, supermarkets, department and convenience stores are the largest users of SCO terminals. Long waiting periods at checkout counters lead to frustrating and dampened shopping experience for most customers. With little time to spare for shopping, present day tight-scheduled customers look for queue-free and quick checkout options that allow them to grab and go in the shortest possible time. Innovative retailers able to sense and meet the need as well as stay ahead of competition, provide both options of either using the SCO terminals or the cashier operated checkout method. While several grocery and retail chains in the US and Europe have experimented with the new technology and successfully implemented the systems in their stores, a few others remain skeptical about issues such as efficiency, error margins and security. The inherent belief that the absence of cashiers at checkout counters could lead to easy theft, shoplifting and fraud continues to discourage large-scale implementation of the terminals. These inhibitions are however being addressed through the use of security cameras and integration of weighted sensors, infrared measuring devices and laser scanning equipment into the system.

Apart from the retail industry, the market for SCO terminals is witnessing increased demand from other end-use markets such as gas stations, airports ticketing and entertainment among a few. However, this trend is primarily prevalent only in developed countries such as North America and Western Europe. The concept is not yet entrenched in emerging economies of Asia, Latin America and Eastern Europe. Hurdles including low consumer awareness, varied cultural differences, high investment costs and cheap availability of labor have so far resulted in poor penetration rates and slow consumer acceptance. The market for the terminals is witnessing sluggish growth in regions such as Brazil due to the availability of cheap labor and the deep-rooted notion that SCO terminals would lead to higher unemployment. Further, in some other Asian countries like Japan, where direct face-to-face customer service is given utmost importance, SCOs are perceived as an impersonal device, amounting to reduced service levels.

The US dominates the global scenario as the single largest market for SCO terminals, as stated by the new research report on Self-Checkout Terminals. Widespread acceptance of the self-service concept and high labor costs drive the market for SCO terminals in the country. The Asia-Pacific market presently accounts for a minor share of the global market, but is expected to display immense potential for rapid growth and development in the future. Burgeoning markets such as Australia, India, China, Indonesia and others will provide the required impetus for swift expansion, with the market slated to grow at an impressive CAGR of over 55% through 2017.

A spate of mergers and acquisitions in the SCO industry has resulted in a highly concentrated market with a handful of large players controlling worldwide installations and shipments. The rest of the market is highly fragmented with several medium and small players competing for stronger positioning and bargaining power. Key participants profiled in the report include Fujitsu Frontech North America, Inc., IBM Corporation, NCR Corporation, Pan-Oston Company and Wincor Nixdorf International GmbH.

The research report titled “Self-Checkout Terminals: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, issues & trends, merits and demerits, best practices, kiosks market, product overview, recent industry activity, product introductions and profiles of market players worldwide. Market Analytics and overview is provided in volume (units) terms for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific and Rest of World.

Global Industry Analysts ©
Note: Product cover images may vary from those shown
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