Report: Retail Self-Checkouts To Quadruple By 2014
Written by Fred J. AunJuly 22nd, 2009
A UK-based research group predicts there will be 430,000 retail self-checkout terminals (self-checkouts) in use globally by 2014, four times the current number, and North America will account for more than half of the units. The forecast is based on a study by Retail Banking Research, which said there were 92,600 self-service checkouts in use globally by the end of 2008, about 25 percent more than were in service at the end of 2007. The study focused only on self-checkouts used in supermarkets and other retail establishments.
"Despite the recent progress, (self-checkout) remains a niche product in all but a handful of countries, and it still has a long way to go to reach the level of penetration achieved by traditional assisted point-of-sale terminals," said the report. It said stores in North America have about 80 percent of the world's self-checkout kiosks, about 74,000 units as of the end of 2008. "Western Europe was home to 15,000 machines and Asia Pacific 3,000 while the other regions contained no more than 700 machines between them," said Retail Banking. "Retail Banking's research also revealed that in 2008, a total of 22,800 global self-checkout shipments were made, up 19 percent on the year before."
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