The Electronic Shelf Label Market is expected to be worth USD 2,092 million by 2026




You must be well acquainted with the vexing inconveniences associated with paper labels. They are difficult to locate, difficult to remove, and inconvenient to deal with. Smart labels, such as the Electronic Shelf Label, were developed to address these issues.

Electronic shelf labels are electronic tags that are used to display product prices in a retail shop or store.

Electronic shelf labels are made up of simple-to-install components such as hardware such as electronic price tags, hangers, or rails to which the price tags are attached. A central server computer can control all of the Electronic Shelf labels via a software-directed local network. Which allows them to update their prices, dates, and other product information.

The electronic shelf label market is expected to be worth USD 826 million in 2021 and USD 2,092 million by 2026, growing at a CAGR of 20.4 percent.

Though electronic shelf labels have only recently gained widespread popularity, they have been in use for some time and have undergone several technological advancements

Though electronic shelf labels have only recently become popular, they have been in use for some time and have undergone several technological advancements.

The key electronic shelf label manufacturers, including SES-imagotag (France), Pricer (Sweden), and Displaydata (UK), were severely impacted during the first and the second quarter of 2021 due to the outbreak and spread of the COVID-19. For example, Pricer (Sweden) saw a 13 percent drop in revenue during the first quarter of the fiscal year 2020–21. Similarly, SES-imagotag (France) saw a 2–3 percent decrease in revenue during the same time period. During the first two quarters of the fiscal year 2020–21, the pandemic had a significant impact on small manufacturers of electronic shelf labels.

Automation adoption in the retail industry has increased significantly as a result of increased competition, the introduction of new channels for supplying goods, increased investments in the e-commerce market, and rising wages. Electronic shelf labels, self-checkout terminals, self-checking robots, and automated backroom unloading have all proven to be successful on a large scale in the retail industry, providing significant returns to retailers.

Store digitization is here to stay for the foreseeable future, as businesses continue to invest in technologies that improve the shopping experience for their customers. Retailers around the world are providing shoppers with a high level of flexibility throughout the purchasing process, and a smooth transition between digital and physical shopping platforms are becoming increasingly important.

The market for Electronic Shelf Labels by Store Type-

  • Hyper Market
  • Super Market
  • Non-Food Retailer
  • Others

Applications-

  • Automated Digital Pricing
  • Wearhouse Management
  • Store Operations
  • Shopper Engagement
  • Product Wayfinding
  • Sustainability Through Stop Wasting

Geographical Distribution of the Electronic Shelf Label Market-

  • Asia Pacific
  • North America
  • Europe

Key Players of Electronic Shelf Labels-

  • Samsung Electro-Mechanics
  • SES-imagotag 
  • Panasonic Corporation
  • Diebold Nixdorf
  • Pricer

 

 

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