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Global Smart Shelves Market Demand, Trends & Forecast 2032

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • Dec 24, 2025
  • 2 min read
Smart Shelves Market
Smart Shelves Market

According to Fortune Business Insights the global smart shelves market size was valued at USD 3.86 billion in 2024. The market is projected to grow from USD 4.63 billion in 2025 to USD 18.62 billion by 2032, exhibiting a CAGR of 22.01% during the forecast period. The Smart Shelves Market comprises IoT-enabled shelving systems designed to automate inventory tracking, enable dynamic pricing, ensure planogram compliance, and enhance customer engagement. These systems integrate sensors, RFID, cameras, electronic shelf labels (ESLs), and real-time connectivity to deliver actionable insights for retailers and other end users.

Market Size & Forecast

  • The Smart Shelves Market is witnessing rapid growth due to accelerating retail digitization.

  • Strong expansion is expected through 2032, supported by increasing demand for real-time inventory visibility and automated store operations.

  • High double-digit growth reflects rising investments in smart retail infrastructure and analytics-driven merchandising.

Market Share Highlights

  • Asia Pacific holds a significant share, driven by rapid retail modernization, large consumer bases, and strong adoption of digital technologies.

  • Europe represents a major market owing to early adoption of electronic shelf labels and store automation.

  • North America continues to grow steadily as retailers invest in IoT and AI-based retail solutions.

  • Latin America and Middle East & Africa are emerging markets with increasing adoption of smart store technologies.

Key Market Drivers

  • Retail Automation and Operational Efficiency:Smart shelves reduce manual stock checks and automate pricing updates, lowering operational costs.

  • Real-Time Inventory Visibility:Continuous monitoring helps retailers reduce stockouts and overstocks.

  • Enhanced Customer Experience:Dynamic pricing and digital labels improve shopper engagement and in-store experience.

  • Data-Driven Merchandising:Shelf-level data supports demand forecasting and optimized product placement.

Market Segmentation

By Component

  • Hardware (RFID, weight sensors, cameras, electronic shelf labels)

  • Software (inventory management, analytics platforms)

  • Services (installation, maintenance, and integration)

By Application

  • Inventory management

  • Planogram compliance

  • Pricing and content management

By End Use

  • Hypermarkets and supermarkets

  • Department stores

  • Warehouses

  • Specialty retail stores

Key Industry Players

  • Sonoco ThermoSafe (U.S.)

  • va-Q-tec AG (Germany)

  • Igloo Products Corp. (U.S.)

  • YETI Holdings, LLC (U.S.)

  • Pelican Products, Inc. (U.S.)

  • B Medical Systems S.à r.l. (Luxomberg)

  • Softbox Systems Ltd. (U.K.)

Key Industry Development:

  • February 2025: Captana launched ShelfWatch, an AI-driven solution for automated real-time shelf monitoring and planogram compliance.

  • January 2024: SES-imagotag rebranded as VusionGroup, signaling its expansion into broader digital retail solutions beyond ESLs.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

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Baner - Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.

Phone:

US: +18339092966

UK: +448085020280

APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.com


 
 
 

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