Key Insights from the Report
Pervasiveness of Retail Sector to Augment Demand for Electronic Shelf Label
According to the Fact.MR report, sales of electronic shelf labels are expected to exceed US$ 1,700 million by the end of 2026, owing to rapid growth in the retail sector worldwide. In terms of value, the CAGR is 21.5% from 2018 to 2028. Being the final step in the distribution process, retailing has witnessed significant traction across the globe since the past decade.
Retail industry has largely influenced the growth of various retail outlets including but not limited to hypermarkets, supermarkets, convenience stores and specialty stores, in turn pushing the demand for retail equipment and devices such as electronic shelf label.
According to International Labor Organization (ILO), the trillion dollar retail industry is expected to remain pervasive maintaining strong growth in the coming years.
This factor is expected to present potential growth avenues for manufacturers of electronic shelf label throughout the period of assessment, in turn contributing to the overall growth of the electronic shelf label market.
Sale of Electronic Shelf Label in Hypermarkets and Supermarkets to Increase at a Significant Rate
Demand for electronic shelf label in hypermarkets and supermarkets is expected to rise at a significant pace on the back of higher inclination of these retail outlets toward automation products and equipment.
Electronic shelf label offer higher convenience quotient for hypermarkets and supermarkets across the entire merchandise line. Meteoric growth of the retail sector worldwide has resulted in a momentous increase in the number of hypermarkets and supermarkets since the last decade.
The sales of electronic shelf label in hypermarkets and supermarkets since the past few years have witnessed a significant boost, and the trend is likely to continue in the years to follow.
Against this backdrop, hypermarkets and supermarkets are likely to remain a lucrative business opportunity for key stakeholders during the period of forecast.
Stellar Growth in Demand on the Back of Improved Price Management
Electronic shelf label, a novel technology in the retail industry, offers efficient interoperability as compared to paper labels during dynamic price change.
While promotions play a vital role in enhancing sales and brand value, companies need to carry out changes in the prices of commodities and goods at a dynamic pace.
With electronic shelf label it becomes convenient to carry out price up gradations at a rapid pace providing seamless control on pricing management.
Moreover, electronic shelf label reduces pricing errors in stores. With increasing competition in the retail sector, it becomes imperative to carry out pricing variations to complement sales of commodities.
This has resulted in increasing demand for convenient, less complicated and cost efficient solutions such as electronic shelf label in the merchandise space, consequently fuelling demand for electronic shelf label.
Increased customer and employee satisfaction to Complement Sales
Sales of electronic shelf labels are largely influenced with enhanced customer satisfaction during store shopping.
Errorless pricing coupled with optimization in store workflow has resulted in increased employee and customer satisfaction which has pushed retail stores to adopt these novel devices in a bid to increase customer footfall every day.
Moreover, with electronic shelf label and other display solutions, promotional offers are easily communicated to customers, which is influencing their purchasing decision.
This aspect has fuelled the demand for electronic shelf label on the back of efficient customer service they deliver, making them a vital sales funnel for retailers worldwide.
High Accuracy and Reduction in Labor Cost – Key Growth Determinants Influencing Installations of Electronic Shelf Label
Electronic shelf label offers advantages in terms of high accuracy and reduction in additional labor costs as compared to conventional label changing.
Adoption of electronic shelf label has significantly reduced the risk of human error in turn ensuring potential pricing compliances.
Moreover, use of electronic shelf label has eliminated the dent in customer confidence, consequently resulting in increasing sales.
This factor has resulted in an increase in the number of electronic shelf label installments in retail stores, in turn supporting the growth of their market worldwide.
About the Report
“Electronic Shelf Label Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2026” is an extensive compilation of several data and insights pertaining to every market segment.
The report covers assessment on various product types in the electronic shelf label space used worldwide.
It also highlights lucrative regional markets along with a detailed country level analysis that the key stakeholders can use to expand their global footprint.
The report includes historical data analysis along with current market scenario and future market projections for a period of eight years from 2018 till 2026.
The report also highlights various trends impacting the market’s growth, along with key drivers and restraints. It also includes opportunity assessment that can be leveraged by stakeholders to identify key revenue pocket.
The sales of electronic shelf label across several application areas are represented in US$ Mn along with projection rates in terms of CAGR during the said timeline.
The electronic shelf label market report also includes key metrics such as market attractiveness index, year-on-year growth, absolute dollar opportunity, value chain analysis, and supply chain assessment.
The report also covers assessment on key participants operating in the market, supporting the reader in formulating future moves to gain competitive advantage in the years to follow.
Know More Details About the Report
Electronic shelf label are also referred to as electronic price tags that facilitate dynamic pricing with better customer communication.
Electronic shelf label comprise display units and integrated software powered with either BLE, ZigBee, Wi-Fi and NFC technologies.
These devices are typically used in hypermarkets and supermarkets, convenience stores, departmental stores and specialty stores among others. Electronic shelf label are highly flexible and reduce pricing mistakes and additional labor cost.
Additional Questions Answered
Apart from key dynamics, the research report on electronic shelf label market also answers various questions. For instance,
- Why Europe is likely to remain a lucrative regional market and which European countries are largely contributing to the demand for electronic shelf label in the region?
- Which technology is largely being used in electronic shelf label worldwide?
- Are LCDs better than E-Ink or can the latter overwhelm the former in terms of demand?
- How can online platforms impact the sales of electronic shelf label?
- What are the new advancements carried out by key stakeholders apropos to the technology used in electronic shelf label?
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The research report on electronic shelf label market provides a thorough understanding on competitive landscape.
This section covers analysis on various companies participating in the electronic shelf label market along with several aspects such as mergers and acquisitions, product portfolio analysis, company overviews, marketing strategies, key financials such as market shares and revenues.
The report also delivers a complete SWOT analysis along with recent developments and innovations and information on research and development activities carried out by major players in the in the electronic shelf label space.
For instance, Pricer AB developed and launched a large number of electronic shelf label in stores in France in 2017 owing to its efficient HDT and HD150 label sizes.
Likewise, Altierre Corporation launched “One Price Auto Tags as-a-service” for automotive dealers in 2018. Key companies profiled in the electronic shelf label report include
- Pricer AB
- Altierre Corporation
- DisplayData Ltd.
- Solum Co. Ltd.
- Teraoka Seiko Co. Ltd.
- Hanshow Technology Co. Ltd.,
An Adaptive Approach to Modern-day Research Needs
Insights on electronic shelf label market have been garnered using a unique research process.
The research methodology used to compile the report is a combination of extensive primary and secondary research that ensure higher accuracy of the data gleaned.
The research process begins with secondary research followed by primary interviews.
Key stakeholders in the market, technical advisors, directors, vice presidents and subject matter experts involved in the electronic shelf label space have been interviewed to gain an in-depth understanding about the market.
Moreover, multiple interviews are carried out across several regional markets to gain a further deep dive.
With this robust research methodology, several qualitative and quantitative insights along with key dynamics have been complied in the research report.
The research report on electronic shelf label market covers a detailed segmentation covering every facet of the electronic shelf label market providing a holistic view for the reader.
The report on electronic shelf label market includes analysis on every segments of the market that have an impact on the overall growth.
The electronic shelf label market is segmented on the basis of product type, by technology, by application and region.
Analysis on various products such as LCDs, E-Ink and others has been complied in the report.
The application areas of electronic shelf label such as supermarkets and hypermarkets, convenience stores, department stores, specialty stores and pharmacies have also been highlighted.
Assessment on various technologies such as ZigBee, BLE, Wi-Fi and others is included in the study. On the basis of region, the market is categorized into North America, Europe, China, Japan and Rest of the World (ROW).
Electronic Shelf Label Market: Opportunity Analysis Delivering Lucrative Prospects for Stakeholders
The Electronics Shelf Label Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2026” is an extensive research study drafted by Fact.MR revealing key insights on various facets of the market.
The electronic shelf label market has been witnessing prevalence of several trends that are expected to influence the supply and demand scenario of electronic shelf label across key countries and regions worldwide.
Fact.MR’s latest report on electronic shelf label market highlights major trends that are likely to impact the future of the market.
The report portrays key opportunities that stakeholders involved in the electronic shelf label market can leverage to increase their profit margins in the coming years.
The electronic shelf label market research report provides incisive insights and extensive market intelligence on revenue growth, challenges negatively impacting the market, opportunities, trends and drivers that fuel the growth of the market.
Intelligence report on electronic shelf label market reveals various facets associated with use and demand of electronic shelf label across various retail stores in different regional markets.
In-depth assessment on several electronic shelf label market indicators such as supply chain analysis, value chain analysis and market attractiveness index has been included in the report.
Moreover, the report follows a systematic structure for the convenience of the reader.
Chapter 1 – Executive Summary
The report begins with the executive summary that includes information on the market overview and gist of analysis on market segments.
Key recommendations offered by Fact.MR are also included in this chapter. This chapter also features Wheel of Fortune that is a graphical representation of the relative position of each of the market segment on the basis of forecast and CAGR growth.
Chapter 2 – Market Introduction
This chapter reflects the overall scope and expanse of the report offering the reader a detailed introduction of the electronic shelf label market. This chapter includes definition of electronic shelf label along with detailed market taxonomy.
Chapter 3 – Market Structure
The market structure chapter in the electronic shelf label report elaborates on several macroeconomic factors such as GDP growth, global retail growth, growth in urbanization, growth of e-commerce, growth of electronics and electrical components industry and digitization impact.
The chapter also focuses on opportunity assessment that entails various untapped segments presenting remunerative scope for key stakeholders in the electronic shelf label market.
Chapter 4 – Market Overview
The market overview chapter in the electronic shelf label report provides key insights on the parent retail market and its influence on the adoption of electronic shelf labels in the coming years.
In addition, the chapter also covers in-depth analysis on key patents by participants involved in the electronic shelf label market.
Chapter 5 – Market Dynamics
This chapter focuses on various dynamics influencing the growth of the electronic shelf label market.
Various drivers fuelling growth, restraints challenging sales and demand, key trends and opportunities shaping the electronic shelf label market have been covered in this chapter.
Chapter 6 – Forecast Impact
This chapter covers a thorough impact analysis on different industry-specific and macroeconomic factors that impact the growth of the electronic shelf label market.
Chapter 7 – Global Analysis and Forecasts
This chapter includes historical analysis of electronic shelf label market along with current market scenario.
It also covers forecast projections for the 2018-2026 assessment period along with metrics such as market attractiveness index and CAGR.
Chapter 8 – Global Electronic Shelf Label Market Analysis by Product Type
The chapter includes historical analysis in US$ Mn and volume projections of various product types of electronic shelf labels. Analysis on LCD, E-Ink and other product type segments has been included in this chapter.
Chapter 9 – Global Electronic Shelf Label Market Analysis by Technology
This chapter covers past data and future market projections apropos to the various technologies such as ZigBee, BLE, Wi-Fi and others used in electronic shelf labels.
Chapter 10 – Global Electronic Shelf Label Market Analysis by Application
The chapter includes current and future analysis on the sales and demand for electronic shelf labels among various application areas such as supermarkets and hypermarkets, convenience stores, specialty stores, department stores and pharmacies.
Chapter 11 – Global Electronic Shelf Label Market Analysis by Region
This chapter focuses on the adoption and sales scenario of electronic shelf label among various regional markets including North America, Europe, China, Japan and Rest of the World (RoW) along with country wise analysis during the 2018-2026 timeline.
Chapter 12 – Global Pricing Analysis
The chapter reflects regional pricing analysis on electronic shelf label across various countries. Pricing of various product types, and key manufacturer pricing has been compiled in this section.
Chapter 13 – North America Electronic Shelf Label Market Analysis
This chapter focuses on North America electronic shelf label market that covers assessment on countries such as US and Canada and the adoption of electronic shelf label in these countries.
Assessment of various product types, technologies used and sales of electronic shelf label across application areas in the North America region have been included in this chapter.
Chapter 14 – Europe Electronic Shelf Label Market Analysis
The chapter focuses on Europe electronic shelf label market that reflects assessment of countries including Germany, France, UK, Spain, Italy, Russia and rest of Europe. Assessment of various product types, technologies used and sales of electronic shelf label across application areas in the Europe region have been included in this chapter.
Chapter 15 – RoW Electronic Shelf Label Market Analysis
This chapter reflects the assessment pertaining to sales and demand for electronic shelf label in rest of the world, including regions of Latin America, SEA and Pacific and Middle East and Africa.
Assessment of various product types, technologies used and sales of electronic shelf label across application areas in the RoW region have been included in this chapter.
Chapter 16 – China Electronic Shelf Label Market Analysis
The China electronic shelf label market has been elaborated in this chapter along with market attractiveness index on each segment.
Assessment of various product types, technologies used and sales of electronic shelf label across application areas in this country have been included in this chapter.
Chapter 17 – Japan Electronic Shelf Label Market Analysis
This chapter focuses on Japan electronic shelf label market along with historical data and forecast projections.
Assessment of various product types, technologies used and sales of electronic shelf label across application areas in this country have been included in this chapter.
Chapter 18 – Competition Landscape
The competitive landscape section covers in-depth analysis on various key companies involved in the electronic shelf label market. Various facets of major companies are included in this section for the perusal of the reader.
Chapter 19 – Assumptions and Acronyms Used
This chapter includes various assumptions on market forecasts, currency, and company financials. List of various acronyms such as CAGR, Y-o-Y, Mn, ESL, GDP and BPS, to name a few have been covered in the chapter.
Moreover, list of key sources such as World Bank, IMF, ICOMIA and company websites and its service offerings, brochures and quotations have been compiled in this chapter.
Chapter 20 – Research Methodology
This chapter reflects covers in-depth research methodology that has been carried out to glean several market insights.
Detailed information on various sources, various respondents touch-based for primary interviews along with information on paid sources has been covered in this section. Moreover, a systematic research approach has been highlighted in this section for the reader.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.