Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Summary
The global Unmanned Convenience Store Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
An unmanned convenience store is a store that operates entirely on autopilot without the help of any human or animal; it does all the shopping for human. In fact, since the store itself is self-cleaning, it never needs to restock its goods because it is always out and about, picking up shoppers and delivering them to their destinations.
Growing demand for self-checkout systems coupled with the growing adoption of advanced technologies in the retail industry are driving the growth of the unmanned convenience store market. Moreover, key players are taking so many initiatives for developing innovative unmanned convenience stores is again driving the growth of the market. For instance, in October 2017, JD reveals two models of unmanned convenient stores, providing flexibility and customized shopping options. JD’s D-Mart Smart Store Solution offers low-cost wholesale and piecemeal customization flexibility to allow store owners to upgrade their existing stores and increase efficiency. Furthermore, digital transformation along with the growing awareness regarding the benefits of an unmanned convenience store is further anticipated to augment the growth of the market.
The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the emerging unmanned convenience store in the region especially in China and Singapore. For instance, Suning.com, a Nanjing-based retailer that operates online and offline, decided in early February 2020 to turn all 12 of its smart convenience stores into 24/7 unmanned operations. Also, increasing penetration of internet, digital transformation, and automated tools are other factors fostering the growth of the regional market.
Key Developments:
- In August 2018, e-commerce platform JD.com opened its first overseas unmanned store, JD.ID X-Mart, an AI-powered experience store in the Indonesian capital of Jakarta. Customers can pick up the items they need and walk out of the store without getting slowed down by lines or payments
- In November 2017, Auchan announced the launch of unmanned convenience stores across China in partnership with state-owned home appliance company Hisense
- In November 2018, Lenovo opens the unstaffed convenience store of tomorrow at Lenovo’s new Beijing campus
- In April 2018, Tencent shows off their vision for the future of unmanned retail
- In February 2021, AiFi, the creator of autonomous shopping experiences powered by AI announced its partnership with Wundermart, a company that creates unmanned, data-driven retail marketplaces, to initially roll out 20 autonomous convenience stores in Q1 of 2021
The Unmanned Convenience Store Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Unmanned Convenience Store Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Amazon
- EAT BOX
- Rainbow
- Bingobox
- Sumao
- F5 Future Store
- ...
By the Product Type, the market is primarily segmented into:
- Fully Automated
- Semi-automated
By Applications, the market is segmented into:
- split into
- Commercial District
- Residential District
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Unmanned Convenience Store Market Report:
- To assess the size of the market by value and volume
- Analyze the Unmanned Convenience Store Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Unmanned Convenience Store Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Unmanned Convenience Store Market
The Unmanned Convenience Store Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Unmanned Convenience Store Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
