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The growth of the retail sector in the recent past should be credited to several technological improvements that have made it easy for both retailers and customers. An electronic shelf label or ESL system is utilized by retailers to display product pricing right at the specific shelves. It should be noticed that, these modules make use of liquid-crystal display (LCD) or e-paper to highlight the current product price. Fact.MR has carefully analyzed and published a new research study which spotlights the global market for ESL by examining different geographies. The study is titled “Electronic Shelf Label Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2018 to 2028”, which includes prime perceptions associated to market dynamics, opportunities and latest trends which are influencing the global electronic shelf label market during the forecast period.
The research report is a smart compilation of knowledge and statistics which helps in decoding the global market for electronic shelf label. According to International Labor Organization (ILO), the retail industry which values close to trillion dollars is anticipated to stay ubiquitous maintaining strong development in the coming years. Based on this factor, the overall market for electronic shelf label is likely to present prospective growth opportunities for manufacturers during the assessment period.
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Hypermarkets and Supermarkets to Provoke Sales of ESL
Over the years, demand for electronic shelf label across hypermarkets and supermarkets is projected to rise at an impressive pace. This growth has been swayed due to higher inclination of these retail establishments towards automation products and equipment. Considering the merchandise line, electronic shelf label provides better convenience quotient for supermarkets and hypermarkets. Looking at this trend, hypermarkets and supermarkets are expected to portray themselves as lucrative business prospect for key stakeholders throughout the forecast period.
Improved Employee and Customer Satisfaction to Accompany Sales
One of the bigger advantages of electronic shelf labels is directly linked to the customers. While store shopping, these labels display dynamic pricing, which it turn proves beneficial for the present customers. Errorless pricing merged with escalation in store workflow has led to improved employee and customer satisfaction that has indeed motivated retail stores to implement ESL devices. In addition, with the presence of electronic shelf label as well as display solutions, customers are easily informed about promotional offers which does impact their purchasing decision.
This intelligent research report delivers historical data analysis followed by current market scenario as well as future market projections during the period between 2018 and 2026. Furthermore, readers are actively updated about the sales of electronic shelf label covering several application areas that are represented in US$ Mn. This analysis is a useful data source that encloses key metrics including market attractiveness index, absolute dollar opportunity, year-on-year growth, supply chain assessment and value chain analysis.
The later section of the report studies the electronic shelf label market by concentrating on diverse market segments which are known to impact overall growth. This research presents an exact market bifurcation on the basis of product type, application, technology and region. Based on various products, the prime segments include E-Ink, LCDs and others. Moreover, the major application areas assessed in the report are supermarkets and hypermarkets, department stores, convenience stores, pharmacies and specialty stores. Each of these segments are investigated in terms of several vital aspects like market attractiveness analysis and market size (US$ Mn) & market volume.
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Geographically, the worldwide electronic shelf label market is split into North America, Japana, China, Europe and Rest of the World (ROW). Later on, the global pricing analysis is presented that covers each of the mentioned regions, by targeting the pricing analysis by product type and key manufacturers. To make the research more illuminating, readers are also served with country-wise segmentation that gives a brief idea about the market presence of regional manufacturers. Some of the major players profiled in the report include names like Pricer AB, Altierre Corporation, DisplayData Ltd., SES-imagotag, Solum Co. Ltd., Hanshow Technology Co. Ltd. and Teraoka Seiko Co. Ltd.
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