Electronic Shelf Label Market 2030: The Impact of Retail Automation
Electronic Shelf Label Market Size & Trends The global electronic shelf label market size was estimated at USD 1,485.10 million in 2023 and is expected to grow at a CAGR of 15.8% from 2024 to 2030. Electronic shelf labels (ESLs) are digital display systems that help retailers manage and update product pricing, information, and promotions in real-time. The growing adoption of digital technology in the retail industry to replace traditional paper labels on store shelves is expected to contribute to market growth. Automation is a growing trend in the U.S. retail sector. Retailers are focusing on improving overall customer experience & operational efficiency and streamlining inventory management. In March 2021, Walmart implemented a full automation solution to its Fulfillment Centers (FCs) and Distribution Centers (DCs) in Walmart DC in Cleburne, Texas. In April 2023, Walmart announced its plan to make 65% of its stores to be fully automated by the end of 2026. In line with this...