Article -> Article Details
| Title | Electronic Shelf Label (ESL) Market Share, Growth Analysis, Industry Trends & Forecast 2025-2033 |
|---|---|
| Category | Business --> Services |
| Meta Keywords | Electronic Shelf Label (ESL) Market |
| Owner | akshaykumar |
| Description | |
| Market Overview The global electronic shelf label market reached a size of USD 1,194.7 Million in 2024 and is projected to grow to USD 4,413.6 Million by 2033. The market is expected to grow at a compound annual growth rate (CAGR) of 14.85% during the forecast period of 2025-2033. This growth is driven by increasing retail efficiency needs, technological advancements in display technologies and connectivity, and rising environmental sustainability efforts. Study Assumption Years
Electronic Shelf Label Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/electronic-shelf-label-market/requestsample Market Growth Factors The growth of the electronic shelf label market is mainly attributed to the increasing need for retail efficiency and accuracy. Retailers are under pressure to keep up with the constantly changing pricing, promotions, and inventory management. Paper price tags are still being used and they are not only taking much time but are also error-prone. With electronic shelf labels, prices can be updated instantly and accurately throughout the store, thereby reducing the costs of labor that are associated with manual price changes. This efficiency error-prone throughout pricing leading to increased consumer satisfaction, thus supporting strong market adoption. One of the main reasons the electronic shelf label market is growing is by improving the consumer experience. The electronic shelf labels give consumers real-time pricing information that can help them to make informed purchase decisions and also build up their trust in the store. Moreover, the products have other features such as showing nutrition facts and consumer reviews thus making shopping a more enjoyable experience. In the retail sector where competition is very high, these value-added features can distinguish stores from each other and also increase the customers' engagement and satisfaction. The electronic shelf label market is also being driven by the environmental sustainability concerns. The downsizing of paper waste through the use of electronic shelf labels by replacing them with traditional disposable tags is a move that companies are making to be environmentally friendly and project their sustainability image. Their non-disposable nature and low power consumption are the factors that attract the retailers and consumers who prefer environmentally friendly products. As sustainability becomes a crucial aspect of business values, the acceptance of such green technology is increasing, hence the support for market growth. Market Segmentation Breakup by Type:
Breakup by Component:
Breakup by Technology:
Breakup by Application:
Regional Insights Europe dominates the electronic shelf label market with the largest share in 2024. This leadership is due to the region's mature and competitive retail sector, adoption of retail automation, and regulatory support for energy-efficient technologies. Countries like Germany, France, and the UK drive growth, aligning sustainability focus with eco-friendly ESL adoption. Retailers' focus on operational efficiency further accelerates this trend in Europe. Recent Developments & News In September 2022, SES Imagotag announced a collaboration with Instacart, a notable grocery technology company, marking a major retail industry development. In September 2021, Panasonic unveiled plans to expand its electronic shelf labeling and digital signage offerings with the next-generation Digital Sign Edge 2.0, highlighting its commitment to retail technology advancement. Key Players
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. Get insights that fit your strategy — Request your customized version now! About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No: (D) +91 120 433 0800 United States: +1-201971-6302 | |