Electronic Shelf Label Market worth $ 1,424.8 Million by 2023
However, high expenses of installation and supporting infrastructure restrain the growth of the ESL market.
(EMAILWIRE.COM, October 06, 2018 ) Market for Electronic Shelf Label report is market overview, trends and forecast till 2023 report added on ReportsnReports.com. The Electronic Shelf Label market is expected to be worth USD 392.3 million in 2017 and USD 1,424.8 million by 2023, at a CAGR of 23.98% between 2017 and 2023.
The growth of the overall market can be attributed to driving factors such as increasing operational efficiency with real-time product positioning, more cost-efficient and less time-consuming alternative to paper labels, and trending retail automation. However, high expenses of installation and supporting infrastructure restrain the growth of the ESL market.
The key players the ESL market are Pricer (Sweden), SES-imagotag (France), Samsung Electro-Mechanics (South Korea), E Ink Holdings (Taiwan), Displaydata (UK), M2Communication (Taiwan), Diebold Nixdorf (Germany), Opticon Sensors Europe (Netherlands), Teraoka Seiko (Japan), and NZ Electronic Shelf Labelling (New Zealand), among others.
Download Brochure of Electronic Shelf Label Market spread across 135 Pages, Profiling 10 Companies and Supported with 63 Tables and 47 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=474543 .
“The ESL market for display components is likely to grow at the highest CAGR during the forecast period”
The highest CAGR of the market for displays is attributed to the inclusion of various liquid crystal displays (LCDs) and full-graphic e-paper displays. The rapid adoption of full graphics and LCD ESLs is also propelling the demand for the display components among the end users. Information on LCDs are clearly visible, and even in narrow shelves, ESLs with small LCD screens are being installed for better visibility of products. A full-graphic e-paper ESL displays the price, QR code, barcode, and other messages on a single screen. These advantages of displays are accelerating the adoption of ESLs in the market.
“Full-graphic e-paper ESL held the largest share of the ESL market in 2016”
The largest market size and highest CAGR for full-graphic e-paper ESL are attributed to the growing demand for price automation from Tier I and Tier II retailers that rely on these ESLs to a large extent, as these ESLs support the graphic content and information. In addition, full graphical e-paper ESLs are a key to gain customer attention and make the in-store communication dynamic.
Get More Information on Electronic Shelf Label Market with Forecast, Analysis, Trends and Company Profiles at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=474543 .
“The ESL market in APAC is expected to grow at the highest CAGR during the forecast period”
The globalization and development of organized retail in APAC are likely to contribute to the highest CAGR of the market in APAC during the forecast period. Additionally, the readiness of retailers (i.e., ESL end users) in APAC to follow the ongoing trends of the retail market also leads to the growth of the ESL market in this region. Moreover, Japan is the major adopter of ESLs in APAC, thus contributing the growth of the overall market in APAC. In Australia, the labor costs are high, and the Australian retailers are spending a great deal of money on price management to maximize the promotional activities for various products.
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In the process of determining and verifying the market size for several segments and sub segments obtained through secondary research, extensive primary interviews have been conducted with officials from the key players.
The break-up of the profile of primaries has been given below:
• By Company Type: Tier 1 = 25 %, Tier 2 = 35%, and Tier 3 = 40%
• By Designation: C-Level Executives=35%, Directors = 25%, and Others= 40%
• By Region: Europe =43%, APAC=29%, North America =14%, and RoW =14%
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The growth of the overall market can be attributed to driving factors such as increasing operational efficiency with real-time product positioning, more cost-efficient and less time-consuming alternative to paper labels, and trending retail automation. However, high expenses of installation and supporting infrastructure restrain the growth of the ESL market.
The key players the ESL market are Pricer (Sweden), SES-imagotag (France), Samsung Electro-Mechanics (South Korea), E Ink Holdings (Taiwan), Displaydata (UK), M2Communication (Taiwan), Diebold Nixdorf (Germany), Opticon Sensors Europe (Netherlands), Teraoka Seiko (Japan), and NZ Electronic Shelf Labelling (New Zealand), among others.
Download Brochure of Electronic Shelf Label Market spread across 135 Pages, Profiling 10 Companies and Supported with 63 Tables and 47 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=474543 .
“The ESL market for display components is likely to grow at the highest CAGR during the forecast period”
The highest CAGR of the market for displays is attributed to the inclusion of various liquid crystal displays (LCDs) and full-graphic e-paper displays. The rapid adoption of full graphics and LCD ESLs is also propelling the demand for the display components among the end users. Information on LCDs are clearly visible, and even in narrow shelves, ESLs with small LCD screens are being installed for better visibility of products. A full-graphic e-paper ESL displays the price, QR code, barcode, and other messages on a single screen. These advantages of displays are accelerating the adoption of ESLs in the market.
“Full-graphic e-paper ESL held the largest share of the ESL market in 2016”
The largest market size and highest CAGR for full-graphic e-paper ESL are attributed to the growing demand for price automation from Tier I and Tier II retailers that rely on these ESLs to a large extent, as these ESLs support the graphic content and information. In addition, full graphical e-paper ESLs are a key to gain customer attention and make the in-store communication dynamic.
Get More Information on Electronic Shelf Label Market with Forecast, Analysis, Trends and Company Profiles at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=474543 .
“The ESL market in APAC is expected to grow at the highest CAGR during the forecast period”
The globalization and development of organized retail in APAC are likely to contribute to the highest CAGR of the market in APAC during the forecast period. Additionally, the readiness of retailers (i.e., ESL end users) in APAC to follow the ongoing trends of the retail market also leads to the growth of the ESL market in this region. Moreover, Japan is the major adopter of ESLs in APAC, thus contributing the growth of the overall market in APAC. In Australia, the labor costs are high, and the Australian retailers are spending a great deal of money on price management to maximize the promotional activities for various products.
Get purchase at https://www.reportsnreports.com/purchase.aspx?name=474543
In the process of determining and verifying the market size for several segments and sub segments obtained through secondary research, extensive primary interviews have been conducted with officials from the key players.
The break-up of the profile of primaries has been given below:
• By Company Type: Tier 1 = 25 %, Tier 2 = 35%, and Tier 3 = 40%
• By Designation: C-Level Executives=35%, Directors = 25%, and Others= 40%
• By Region: Europe =43%, APAC=29%, North America =14%, and RoW =14%
About Us:
ReportsnReports.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
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Hrishikesh Patwardhan
Tel: + 1 888 391 5441
Email us
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ReportsnReports
Hrishikesh Patwardhan
Tel: + 1 888 391 5441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results