The global Electronic Shelf Label Market is expected to reach USD 3.14 Billion by 2027, according to a new report by Reports and Data. Electronic shelf labels (ESLs) are observing an escalation in demand for their use in exhibiting product prices in retail stores. These are generally affixed to retail shelves’ front edge and employs LCD or E Ink™ displays and centralized pricing system (to align and coordinate fluctuations in pricing across different levels) to present the current product prices to the customers. Further, ESLs allow for dynamic pricing that adapts to several factors such as an increase in price to consider low inventory; or drop in price to get a competitive edge or allow for the rapid sale of items that are approaching their expiration date.
The growth of the organized retail sector in emerging nations is one of the significant factors influencing the market growth, owing to robust macroeconomic factors, as well as the proliferation of the internet in countries like India and China. Shifting lifestyle and growing organized retail sector are causative of the growing necessity for in-store automation, thereby driving the electronic shelf labels’ demand. The other benefits of using an electronic shelf label are it is cost-efficient, fast, and secures the price labeling. Moreover, growing emphasis by the retailers for providing better customer experiences about precise and consistent pricing is boosting the market demand. For instance, according to a study, increasing internet penetration in India, along with several global retail firms commencing their operation in the country, the organized retail market share is estimated to surge from nearly 12.0% in the year 2017 to around 22.0% to 25.0% by the year 2021.
COVID-19 Impact
The COVID-19 pandemic is having a significant impact on the electronic shelf label industry. Demand for the product is suffering severe shocks across the retail sector, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. A dip in sales in the physical retail stores has fast-tracked the global ESL suppliers into an oversupply situation. Movement restrictions appear to be a direct and immediate effect, and once the necessary social distancing ends, it is expected things would get back to normal conditions.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented the global electronic shelf label market on the basis of type, technology, component, store type, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Technology Outlook (Revenue, USD Million; 2017-2027)
Component Outlook (Revenue, USD Million; 2017-2027)
Store Type Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
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Table of Contents
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Electronic Shelf Label Segmentation & Impact Analysis 4.1. Electronic Shelf Label Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Growth of organized retail sector in emerging economies 4.2.2.2. Growth technological advancements in retail automation 4.2.2.3. Surging necessity for optimization of business processes 4.2.3. Market restraints analysis 4.2.3.1. Cost prohibitive installation of electronic shelf label 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis 4.9. Customer Mapping 4.10. Covid-19 Impact Analysis 4.11. Global Recession Influence
Chapter 5. Electronic Shelf Label Market By Type Insights & Trends
Chapter 6. Electronic Shelf Label Market By Technology Insights & Trends
Chapter 7. Electronic Shelf Label Market By Component & Trends
Chapter 8. Electronic Shelf Label Market By Store Type Insights & Trends
Chapter 9. Electronic Shelf Label Market Regional Outlook
Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Customer Mapping 10.7. Vendor Landscape
Chapter 11. Company Profiles 11.1. Pricer 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. Displaydata 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. Samsung Electro-Mechanics 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives 11.4. Diebold Nixdorf 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Technology Insights 11.4.4. Strategic Initiatives 11.5. SES-Imagotag 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Technology Insights 11.5.4. Strategic Initiatives 11.6. M2communication 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Technology Insights 11.6.4. Strategic Initiatives 11.7. Teraoka Seiko 11.7.1. Company Overview 11.7.2. Financial Performance 11.7.3. Technology Insights 11.7.4. Strategic Initiatives 11.8. E Ink Holdings 11.8.1. Company Overview 11.8.2. Financial Performance 11.8.3. Technology Insights 11.8.4. Strategic Initiatives 11.9. Panasonic Corporation 11.9.1. Company Overview 11.9.2. Financial Performance 11.9.3. Technology Insights 11.9.4. Strategic Initiatives 11.10. Clearink Display 11.10.1. Company Overview 11.10.2. Financial Performance 11.10.3. Technology Insights 11.10.4. Strategic Initiatives
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