Market Overview
The global Retail Self-Checkout Terminals market size is projected to grow from USD 4.24 billion in 2023 to USD 9.98 billion by 2030, exhibiting a CAGR of 13% during the forecast period.
Retail self-checkout terminals are automated devices in stores that allow consumers to scan, bag, and pay for their goods without the help of a cashier. These terminals are often made up of a combination of hardware and software components, such as a touchscreen display,
barcode scanner, and payment processing capabilities. Customers begin the procedure by scanning the barcodes of the products they want to purchase, and the system computes the overall cost. Customers then bag their purchases and pay using a variety of options, including credit/debit cards and mobile payments. Retailers to improve consumer convenience, minimize checkout wait times, and streamline the overall shopping experience use self-checkout terminals. While self-checkout can boost productivity, it also introduces issues like as theft prevention, technological maintenance, and the requirement for excellent user interfaces to provide a flawless customer experience.
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Retail Self-Checkout Terminals Market | Exactitude Consultancy[/caption]
Retail self-checkout terminals are automated devices in businesses that allow consumers to scan, bag, and pay for their products without the need of a cashier. These terminals often have a touchscreen display, barcode scanner, and payment processing capabilities. Customers start the procedure by scanning the barcodes of the products they want to buy, and the system calculates the overall cost. After scanning their purchases, shoppers bag them and pay using a variety of ways, such as credit/debit cards or
mobile payments. Retailers to improve consumer convenience, minimize checkout wait times, and streamline the overall shopping experience use self-service checkout terminals. While self-checkout can boost productivity, it also creates issues like as theft prevention, technological maintenance, and the requirement for excellent user interfaces to provide consumers with a smooth experience. Retail self-checkout terminal demand has been continuously increasing, driven by a number of variables that match with the changing dynamics of the retail business and developing customer preferences. The growing emphasis on convenience and efficiency is a primary motivator. Consumers seeking comparable experiences in physical locations are accustomed to the speed and ease of internet buying. Retail self-checkout terminals speed up and simplify the checkout process, lowering wait times and improving the entire shopping experience.
ATTRIBUTE |
DETAILS |
Study period |
2020-2030 |
Base year |
2022 |
Estimated year |
2023 |
Forecasted year |
2023-2030 |
Historical period |
2019-2021 |
Unit |
Value (USD Billion) |
Segmentation |
By Product, End User and Region |
By Product |
- Cash Self-checkout Terminals
- Cashless Self-checkout Terminals
- Hybrid Checkouts
|
By End User |
- Convenience stores
- Supermarkets and Hypermarkets
- Specialty Stores
|
By Region
|
- North America
- Asia Pacific
- Europe
- South America
- Middle East Asia & Africa
|
Retail Self-Checkout Terminals market Segmentation Analysis
The global Retail Self-Checkout Terminals market is bifurcated into three segments, by product, end-user and region. By product, the market is bifurcated into cash self-checkout terminals, cashless self-checkout terminals, hybrid checkouts. By end-user divides the market into convenience stores, supermarkets and hypermarkets, specialty stores and region.
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Retail Self-Checkout Terminals Market | Exactitude Consultancy[/caption]
Based on product, the market is bifurcated into cash self-checkout terminals, cashless self-checkout terminals, hybrid checkouts. Customers can use cash self-checkout machines to scan and pay for their products independently. This option caters to customers that prefer or primarily use actual cash for purchases. Cashless self-service checkout terminals, on the other hand, facilitate electronic transactions by allowing consumers to pay with credit or debit cards, mobile payment applications, or other digital payment methods. This choice is consistent with the worldwide move toward a cashless economy and the growing popularity of digital payment options. The hybrid checkout category incorporates both cash and cashless alternatives, providing a dynamic solution that caters to a wide range of customer preferences. Customers will have a consistent experience regardless of their payment method of choice with hybrid checkouts. This adaptability is especially important in areas or marketplaces where both cash and cashless transactions are common. Retailers who use hybrid checkout systems may serve a larger client base while adjusting to the changing payment landscape. The industry's acknowledgment of the many demands and preferences of consumers is reflected in the classification of self-checkout terminals into cash, cashless, and hybrid. By providing a variety of alternatives, businesses may improve their self-checkout systems to better meet the preferences of their client base, thereby improving the entire shopping experience and adding to the retail environment's efficiency and competitiveness.
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Retail Self-Checkout Terminals Market | Exactitude Consultancy[/caption]
End-users are divided into three categories in the retail self-checkout terminal market: convenience shops, supermarkets and hypermarkets, and specialty stores. Self-checkout terminals are extremely beneficial to convenience stores, which are distinguished by their smaller size and emphasis on offering quick and simple access to common commodities. These terminals are designed to accommodate the fast-paced nature of convenience store purchasing by allowing consumers to scan and pay for a limited number of goods without the need for cashier assistance. With their bigger-scale operations and broad product selections, supermarkets and hypermarkets find value in self-checkout stations to accelerate the checkout procedure for consumers dealing with greater shopping hauls. Self-checkout efficiency reduces wait times during peak shopping hours, improving the overall customer experience in these high-traffic retail venues. Specialty retailers that specialize in specialized items or certain product categories to provide a more customized and efficient shopping experience frequently use self-checkout terminals. Customers may choose to handle unusual products at these businesses on their own, and self-checkout terminals allow them to do so.
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Retail Self-Checkout Terminals Market | Exactitude Consultancy[/caption]
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- RETAIL SELF-CHECKOUT TERMINALS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON RETAIL SELF-CHECKOUT TERMINALS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT, 2020-2030, (USD BILLION)
- CASH SELF-CHECKOUT TERMINALS
- CASHLESS SELF-CHECKOUT TERMINALS
- HYBRID CHECKOUTS
- GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER, 2020-2030, (USD BILLION)
- CONVENIENCE STORES
- SUPERMARKETS AND HYPERMARKETS
- SPECIALTY STORES
- GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY REGION, 2020-2030, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- BOLLORE SE
- DIEBOLD NIXDORF INC.
- ECRS SOFTWARE CORP.
- FUJITSU LTD.
- ITAB GROUP
- NCR CORP.
- NEC
- OLEA KIOSKS INC.
- PAN-OSTON
- POURMYBEER
- SLABB INC.
- TOSHIBA CORP.
- VERIFONE
- VERSATILE CREDIT
- WINCOR NIXDORF INTERNATIONAL
- IBM CORPORATION
- ERGONOMIC SOLUTIONS
- SCAN COIN INDUSTRIES AB
- MCR SYSTEMS LTD
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 2 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 3 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY REGION (USD BILLION) 2020-2030
TABLE 4 NORTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 5 NORTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 6 NORTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 7 US RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 8 US RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 9 CANADA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 10 CANADA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 11 MEXICO RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 12 MEXICO RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 13 SOUTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 14 SOUTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 15 SOUTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 16 BRAZIL RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 17 BRAZIL RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 18 ARGENTINA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 19 ARGENTINA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 20 COLOMBIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 21 COLOMBIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 22 REST OF SOUTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 23 REST OF SOUTH AMERICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 24 ASIA-PACIFIC RETAIL SELF-CHECKOUT TERMINALS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 25 ASIA-PACIFIC RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 26 ASIA-PACIFIC RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 27 INDIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 28 INDIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 29 CHINA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 30 CHINA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 31 JAPAN RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 32 JAPAN RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 33 SOUTH KOREA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 34 SOUTH KOREA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 35 AUSTRALIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 36 AUSTRALIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 37 SOUTH-EAST ASIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 38 SOUTH-EAST ASIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 39 REST OF ASIA PACIFIC RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 40 REST OF ASIA PACIFIC RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 41 EUROPE RETAIL SELF-CHECKOUT TERMINALS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 42 EUROPE RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 43 EUROPE RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 44 GERMANY RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 45 GERMANY RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 46 UK RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 47 UK RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 48 FRANCE RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 49 FRANCE RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 50 ITALY RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 51 ITALY RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 52 SPAIN RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 53 SPAIN RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 54 RUSSIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 55 RUSSIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 56 REST OF EUROPE RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 57 REST OF EUROPE RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 58 MIDDLE EAST AND AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 59 MIDDLE EAST AND AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 60 MIDDLE EAST AND AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 61 UAE RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 62 UAE RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 63 SAUDI ARABIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 64 SAUDI ARABIA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 65 SOUTH AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 66 SOUTH AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
TABLE 67 REST OF MIDDLE EAST AND AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT (USD BILLION) 2020-2030
TABLE 68 REST OF MIDDLE EAST AND AFRICA RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER (USD BILLION) 2020-2030
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT USD BILLION, 2020-2030
FIGURE 9 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER, USD BILLION, 2020-2030
FIGURE 10 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY PRODUCT, USD BILLION 2022
FIGURE 13 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY END USER, USD BILLION 2022
FIGURE 14 GLOBAL RETAIL SELF-CHECKOUT TERMINALS MARKET BY REGION, USD BILLION 2022
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 BOLLORE SE: COMPANY SNAPSHOT
FIGURE 17 DIEBOLD NIXDORF INC.: COMPANY SNAPSHOT
FIGURE 18 ECRS SOFTWARE CORP.: COMPANY SNAPSHOT
FIGURE 19 FUJITSU LTD.: COMPANY SNAPSHOT
FIGURE 20 ITAB GROUP: COMPANY SNAPSHOT
FIGURE 21 NCR CORP.: COMPANY SNAPSHOT
FIGURE 22 NEC: COMPANY SNAPSHOT
FIGURE 23 OLEA KIOSKS INC.: COMPANY SNAPSHOT
FIGURE 24 PAN-OSTON: COMPANY SNAPSHOT
FIGURE 25 POURMYBEER: COMPANY SNAPSHOT
FIGURE 26 SLABB INC.: COMPANY SNAPSHOT
FIGURE 27 TOSHIBA CORP.: COMPANY SNAPSHOT
FIGURE 28 VERIFONE: COMPANY SNAPSHOT
FIGURE 29 VERSATILE CREDIT: COMPANY SNAPSHOT
FIGURE 30 WINCOR NIXDORF INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 31 IBM CORPORATION: COMPANY SNAPSHOT
FIGURE 32 ERGONOMIC SOLUTIONS: COMPANY SNAPSHOT
FIGURE 33 SCAN COIN INDUSTRIES AB: COMPANY SNAPSHOT
FIGURE 34 MCR SYSTEMS LTD: COMPANY SNAPSHOT