Supermarkets and
hypermarkets are progressively fusing in-store automation to align the retail
shopping with automated machinery for ease of customers as well as retailers.
Automation in supermarkets and hypermarkets is used for automating store
operations like packaging, merchandise, inventory checking, merchandise
scanning, retrieving, packaging, container movement, delivering products, and
connecting with customers. Problems like stocking, enhancing productivity,
reduction in waiting time are being dealt using automation. It is also helping
in increasing overall customer satisfaction and improved shopping experience.
For instance, multi-lingual and autonomous customer assistance robots were
installed at Lowe’s, an American retailer, in 11 locations in San Francisco Bay
area. Retailers are also focusing on using self-checkout stands for customers. Self-driving
shopping carts are patented by Walmart.
THE BUSINESS RESEARCH COMPANY VALUED
THE GLOBAL SUPERMARKETS AND HYPERMARKETS MARKET AT $4
TRLLION IN 2017
Western Europe was the
largest region in the supermarkets and hypermarkets market in 2017, accounting
for nearly 30% of the global market.
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The chart below shows the
year-on-year growth of the global supermarkets and hypermarkets market during
2017 – 2021
According to The Business Research Company’s Consultant, Nitin
Gianchandani, supermarkets and hypermarkets are
increasingly using Internet of Things (IoT) and other connected devices to
optimize energy efficiency. IoT and coolers, freezers, HVAC units and others
power-using equipment are connected to a centralized program that help the
retailers to get an accurate picture and information of their energy use which
can be used to manage equipment performance and utilize settings for optimum
temperatures and lighting.
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report at
Target was the largest
competitor in the market, generating revenues of $69.9 billion in the year
2016. Target’s growth strategy is to invest in its workforce to improve
store service and add more than 12 new brands to its product portfolio in an
effort to attract customers. It also plans to invest in stores by remodeling
and combining them with technology to improve the consumer shopping experience,
which is expected to be a growth driver.
Supermarkets comprises establishments, known as supermarkets, primarily
engaged in retailing a general line of food, such as canned, dry and frozen
foods; fresh fruits and vegetables; fresh and prepared meats, fish, poultry,
dairy products, baked products and snack foods. These establishments also
typically retail a range of non-food household products, such as household
paper products, toiletries and non-prescription drugs.
Hypermarkets comprises establishments, known as hypermarkets, primarily
engaged in retailing a general line of food, such as canned, dry and frozen
foods; fresh fruits and vegetables; fresh and prepared meats, fish, poultry,
dairy products, baked products and snack foods. These establishments also
typically retail a range of non-food household products, such as household
paper products, toiletries and non-prescription drugs.
Supermarkets And Hypermarkets Global
Market Report 2018 is a detailed report giving a
unique insight into this market. The report is priced at $4000 for an
individual user. To use across your office, the price is $6000 and $8000 if you
wish to use across a multinational company.
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