Autonomous Shopping: The Future
Autonomous shopping revolutionizes retail by seamlessly combining cutting-edge technology, convenience, and efficiency. It empowers customers with 24/7 access to goods, elevating their shopping experience. As we progress, this innovative approach is poised to become the new norm in retail.
By the Numbers
In the rapidly evolving landscape of retail, the autonomous and robotic convenience store industry is emerging as a significant area of interest and investment. As a result, numerous general trends and forecasts have surfaced to provide valuable insights into the direction and potential impact of this groundbreaking sector. By examining these trends and forecasts, we can better understand the transformative potential of autonomous and robotic convenience stores and the ways in which they will shape the future of retail experiences for both consumers and businesses alike.
$100.10 Billion Dollars
The global autonomous checkout market is expected to reach USD 100.10 billion by 2027, with a CAGR of 49.7% during the forecast period 2021-2027
(Source: Fior Markets).
$23.58 Billion Dollars
The market size for retail automation was valued at USD 11.24 billion in 2020 and is projected to reach USD 23.58 billion by 2026, with a CAGR of 13.1% during the forecast period (Source: MarketsandMarkets).
35.6%
The number of autonomous stores is estimated to grow at a CAGR of 35.6% from 2021 to 2026 (Source: Research and Markets).
73%
Around 73% of customers are more likely to shop at a store with a self-service option, indicating a strong demand for autonomous retail solutions (Source: SOTI).
By 2025
By 2025, it is predicted that around 85% of customer interactions in retail will be managed without human intervention (Source: Gartner).
$100 Billion Dollars
It is estimated that by 2025, autonomous stores could account for up to 2% of North American brick-and-mortar grocery sales, which could translate to around $100 billion in annual sales (Source: McKinsey & Company).
55%-65%
Implementing autonomous retail technologies has the potential to reduce labor costs by 55%-65% (Source: McKinsey & Company).
The United States
The United States is expected to be the largest market for retail automation, with a projected market share of 38.8% by 2026 (Source: MarketsandMarkets).