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Unmanned Convenience Store Market

With the sustainable growth and recent capital and policy support, the convenience store sector is attracting several leading e-commerce as well as giant retailers. Various e-commerce companies such as Amazon, Jingdong and Alibaba are significantly planning to promote their Omni-channel business model by operating convenience stores, and meanwhile, enterprises possessing well-known brands such as Laiyifen and Wahaha are also focusing to extend their direct retail channels through unmanned convenience stores.Therefore, several new players are expected to become an essential force in restructuring the convenience store industry. <br><br>Get Sample PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00009807/<br>

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Unmanned Convenience Store Market

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  1. Unmanned Convenience Store Market to 2027 Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) The unmanned convenience store market was valued US$ 67.48 million in 2019 and is expected to reach US$ 1,640.32 million by 2027 with a CAGR growth rate of 51.9% during the forecast period.

  2. Unmanned Convenience Store Market to 2027 - Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) An unmanned convenience store is an advanced concept of the retail industry. These stores do not require the presence of service personnel or cashiers in store. The transactions done in these stores are managed with the help of a mobile application. Unlike an automated store, the unmanned store technology mainly depends on artificial intelligence and technologies including machine automation, IoT, facial recognition, and others. The landscape of the convenience stores is set to transform with the retailers making superior use of high-end technology for piloting unmanned kiosks.

  3. Unmanned Convenience Store Market to 2027 - Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) The global unmanned convenience store market is anticipated to witness impressive growth during the forecast period. The rise in demand for self-checkout systems around the world and increase in adoption of new technologies in the retail industry are the major driving factors for the global unmanned convenience store market. In addition to these factors, significant technological development initiatives by several leading companies are also expected to drive the growth of unmanned convenience store market in the forecast period. However, high cost of installation and supporting infrastructure may restrain the growth. Rise in demand for self-checkout systems around the world Growing competition from the online players is stimulating traditional retailers to reorganize their store networks in each and every aspect, from design and layout to size and scale. The usage of technology in the stores has never been more essential, facilitating retailers to provide customers a variety of checkout options which is suits their preferences. Today, the customers expect instant services and are increasingly opting for automated devices in order to reduce their manual operating chores.

  4. Unmanned Convenience Store Market to 2027 - Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) Offering Insights In offering segment, the unmanned convenience store market, based on offering is segmented into solutions and service. The solution segment in the global unmanned convenience store market held the largest market share. The companies in the unmanned convenience store market offer different solutions for the unmanned convenience store. These products help streamline the whole shopping as well as the selling process in a convenience store.

  5. Unmanned Convenience Store Market to 2027 - Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) Strategic Insights Merger & acquisition strategy is commonly adopted by companies in unmanned convenience store market to expand their footprint worldwide and meet the growing demand. This strategy in unmanned convenience store market is mostly observed in North America, Europe and Asia-Pacific. The players present in the unmanned convenience store market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally. Few of the recent acquisitions in unmanned convenience store market are listed below. 2019: F5 Future Stores closed its Series B round of raising US$ 14.5 million. TCL Capital and Peakview Capital invested in the company's venture to open 50 new stores. These stores will be built in the factories, universities, and central business districts in Guangzhou, Foshan, and Shenzhen, all in China’s Guangdong province. The company estimates that the cost of each store is at about US$ 26,208 and that it takes between 3 months to 15 months to collect back the investment.

  6. Unmanned Convenience Store Market to 2027 - Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) • Company Profiles • Amazon, Inc. • BingoBox • CYB-ORG • F5 Future Store • Shenzhen Rakinda Technology Co., Ltd.

  7. Unmanned Convenience Store Market to 2027 - Global Analysis and Forecasts by Offering (Solution and Services); Type (Fully automated and Semi-automated) Thank You Email :sales@theinsightpartners.com Phone : +1-646-491-9876

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