According to a new market report published by Lucintel, the future of the electronic shelf label market looks promising with opportunities in hypermarkets, supermarkets, non-food retail stores, specialty stores, and other store types. The global electronic shelf label market is expected to grow with a CAGR of 23% from 2021 to 2026. The major drivers for this market are growth in retail automation and requirement of better operational efficiency with real-time product positioning.
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In this market, different types of electronic shelf label grades, such as LCD ESL, segmented E-Paper ESL, and full-graphic E-Paper ESL, are used in various retail stores. Full-graphic E-paper ESL is expected to witness the highest growth over the forecast period, as these are energy efficient and they project graphical objects, such as logos and callouts, facilitating real-time product positioning.
Within the electronic shelf label market, non-food retail stores will remain the largest store type segment during the forecast period. Non-food retail stores include pharmacies, electronic shops, and others. ESL provides better organization of products, digital price tags, and superior product management.
Asia Pacific will remain the largest region during the forecast period due to increasing investments in the retail industry, followed by globalization and development of the organized retail sector.
Pricer, SES-imagotag, Samsung Electro-Mechanics, E Ink Holdings, Displaydata, M2Communication, Diebold Nixdorf, and Opticon Sensors Europe are among the major electronic shelf label manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electronic shelf label market by product type, component, store type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Electronic Shelf Label Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electronic shelf label market by product type, component, store type, and region as follows:
By Product Type [$M shipment analysis for 2015 – 2026]:
LCD ESL
Segmented E-Paper ESL
Full-Graphic E-Paper ESL
By Component [$M shipment analysis for 2015 – 2026]:
Displays
Batteries
Transceiver
Microprocessors
Others
By Store Type [$M shipment analysis for 2015 – 2026]:
Hypermarkets
Supermarkets
Non-Food Retail Stores
Specialty Stores
Other Store Types
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.