Electronic Shelf Label Market: Increased Customer and Employee Satisfaction to Complement Sales

Rockville, USA, 2019-Jul-03 — /EPR Network/ — “Electronic Shelf Label Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2026” is an extensive compilation of several data and insights pertaining to every market segment. The report covers assessment on various product types in the electronic shelf label space used worldwide. It also highlights lucrative regional markets along with a detailed country level analysis that the key stakeholders can use to expand their global footprint. The report includes historical data analysis along with current market scenario and future market projections for a period of eight years from 2018 till 2026. The report also highlights various trends impacting the market’s growth, along with key drivers and restraints. It also includes opportunity assessment that can be leveraged by stakeholders to identify key revenue pocket.

Increasing proliferation of Internet of Things (IoT) coupled with growing digitization in the retail sector continue to influence the growth of the electronic shelf label market. Persistent growth in the retail sector has resulted in a meteoric expansion of retail outlets, particularly supermarkets and hypermarkets across key developed and emerging economies worldwide. Fact.MR foresees that the demand for electronic shelf label is projected to expand at a stellar pace with a CAGR of 21.5% in terms of value throughout the period of forecast, 2018-2026. Sales of electronic shelf label are estimated to cross US$ 1,700 Mn by end of 2026 on the back of surging growth in the retail sector worldwide, says the report.

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Electronic shelf label, a novel technology in the retail industry, offers efficient interoperability as compared to paper labels during dynamic price change. While promotions play a vital role in enhancing sales and brand value, companies need to carry out changes in the prices of commodities and goods at a dynamic pace. With electronic shelf label it becomes convenient to carry out price up gradations at a rapid pace providing seamless control on pricing management. Moreover, electronic shelf label reduces pricing errors in stores.

With increasing competition in the retail sector, it becomes imperative to carry out pricing variations to complement sales of commodities. This has resulted in increasing demand for convenient, less complicated and cost efficient solutions such as electronic shelf label in the merchandise space, consequently fuelling demand for electronic shelf label.

Supermarkets and hypermarkets are expected to remain lucrative revenue pockets for manufacturers for electronic shelf label, according to the report. Sales of electronic shelf label in supermarkets and hypermarkets are expected to grow at a meteoric pace throughout the period of assessment, on the back of increasing number of these retail outlets worldwide. Convenience stores are also expected to pave potential growth pathways for electronic shelf label manufactures in the coming years, significantly contributing to the overall growth of the electronic shelf label market.

The research report on electronic shelf label market provides a thorough understanding on competitive landscape. This section covers analysis on various companies participating in the electronic shelf label market along with several aspects such as mergers and acquisitions, product portfolio analysis, company overviews, marketing strategies, key financials such as market shares and revenues. The report also delivers a complete SWOT analysis along with recent developments and innovations and information on research and development activities carried out by major players in the in the electronic shelf label space. For instance, Pricer AB developed and launched a large number of electronic shelf label in stores in France in 2017 owing to its efficient HDT and HD150 label sizes. Likewise, Altierre Corporation launched “One Price Auto Tags as-a-service” for automotive dealers in 2018. Key companies profiled in the electronic shelf label report include Pricer AB, Altierre Corporation, SES-imagotag, DisplayData Ltd., Solum Co. Ltd., Teraoka Seiko Co. Ltd., and Hanshow Technology Co. Ltd., to name a few.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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