Elecronic Shelf Labels Market worth USD 39.63 billion, growing at a 16.3%.CAGR by 2026 – Report by Fortune Business Insights

Elecronic Shelf Labels Market Report provides competitive research of market size, shares, gross margin, and revenue. The company profiles of all the key players and brands that are dominating the market have been given in this report.

The Electronic Shelf Labels Market Report provide comprehensive coverage of both global and regional markets. The report offers data on key participants, such as manufacturers, suppliers, distributors, traders, customers, investors, and others. Additionally, it includes information on important types, applications, and other factors such as capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export, and more. The market research paper also examines the industry chain, manufacturing method, cost structure, and marketing channel

The size of the worldwide Electronic Shelf Labels Market, which was 11.89 billion dollars in 2018, is projected to grow to 39.63 billion dollars by 2026, with a CAGR of 16.3%.

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There are several factors that are influencing the growth of the global Electronic Shelf Labels Market, including:

• Efficiency and cost savings: ESLs enable retailers to update prices and product information on shelves in real-time, eliminating the need for manual price changes and reducing labour costs. This can be particularly beneficial for retailers with large stores or frequent price changes.
• Improved accuracy and consistency: ESLs can help reduce pricing errors and inconsistencies by ensuring that prices are updated in real-time and accurately reflected on the shelves. This can help improve customer satisfaction and reduce the risk of disputes.
• Enhanced customer experience: ESLs can provide customers with a more interactive and engaging shopping experience by displaying product information, promotions, and other relevant content on the shelves. This can help improve customer engagement and loyalty.
• Increased demand for automation: With the increasing use of automation and digital technologies in retail, ESLs are becoming an important part of the automated store environment. ESLs can be integrated with other systems such as inventory management, point of sale (POS), and mobile apps, to create a seamless and efficient shopping experience.
• Growing adoption of IoT and wireless communication technologies: ESLs rely on wireless communication technologies such as Bluetooth Low Energy (BLE) and Wi-Fi to communicate with back-end systems and update pricing and product information in real time. The growing adoption of IoT and wireless communication technologies is driving the growth of the ESL market, as it enables more efficient and reliable communication between ESLs and other systems

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Competitive Landscape:

Key Players' top growth strategy will be geographic expansion through collaborations.

The market's key players are increasingly collaborating to strategically expand their presence and operations in lucrative, burgeoning regions. These collaborations also enable businesses to diversify their offerings and reach a broader audience.

Segmention:

The segmentation chapter allows readers to understand aspects of the Electronic Shelf Labels Market such as products/services types, available technologies, and applications. The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years. The assessment of the Electronic Shelf Labels Market factors gives a brief overview of the impact on the demand over the forecast period. In the Study, you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting market-associated stakeholders. The growth of the Electronic Shelf Labels Market was mainly driven by increasing RandD spending across the world.

By Type

• LCD Based
• E-Paper Based
• Segment E-Paper
• Graphic E-Paper

By Technology

• Vendor Facing Technology
• Infrared
• Radio Frequency

By End-use Industry

• Hypermarket/ Supermarket
• Non-food Retail Stores
• Specialty Stores
• Others

By Region

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Sweden, Spain, and Rest of Europe)
• Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)
• Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
• Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

Key Players Electronic Shelf Labels Market :

• Pricer AB (Sweden)
• SES-imagotag (France)
• Displaydata Limited (United Kingdom)
• Zhejiang Hanshow Technology Co., Ltd (Jiaxing, China)
• Opticon Sensors Europe B.V. (Hoofddorp, Netherlands)
• Altierre Corporation (San Francisco, United States)
• Teraoka Seiko Co., Ltd (Tokyo, Japan)
• E Ink Holdings Inc. (Hsinchu, Taiwan)
• Cest Co., Ltd. (Daegu, South Korea)
• LG Innotek (South Korea)
• NZ Electronic Shelf Labelling Ltd. (Kapiti, New Zealand)
• Retail Solutions Pro DBA (Florida, United States)
• Solum ESL (Hesse, Germany)
• TroniTAG GmbH (Isselburg, Germany)
• Diebold Nixdorf, Inc. (Ohio, United States)
• M2COMM (Hsinchu, Taiwan)

Regional Analysis:

Due to the strict implementation of consumer protection laws in the European Union, Europe is expected to dominate the electronic shelf label market share during the forecast period (EU). In France, for example, the Consumer Code requires businesses to clearly display product pricing information. Such regulations are compelling retailers to install ESL systems in order to ensure price transparency. In 2019, the region's market size was USD 304.0 million.

Because of the large presence of physical retail stores and warehouses, particularly in Brazil, Argentina, and Mexico, Latin America is expected to emerge as a major hub for this market. With the growing trend, the market in North America is expected to make significant gains.

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Key Points from TOC:

Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary
3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions

5. Global Electronic Shelf Labels Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

11. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

12. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

13. Strategic Recommendations

TOC Continued…!

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