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European Retail Automation Market to Witness Astonishing Growth by 2029

09-01-2023 09:55 AM CET | Media & Telecommunications

Press release from: Orion Market Research

European Retail Automation Market to Witness Astonishing

European retail automation market is anticipated to at a CAGR of 9.8% during the forecast period. Increasing focus on employments, change in retail structuration, development of private labels, increase in the number of shops and commercial sales areas have all contributed to the growth of the European retail automation market. The development of technologies in parallel with structured back-office organizations and increasing concentration on improving customer services and profit margins have also caused a surge in the growth of the European retail automation market.

Further, the logistics sector contributes to a significant portion of the GDP across the region. According to the EU, it ranges from around 6% in Denmark, France, Ireland, and Italy, to 10% in Poland. Besides, the risk-return profile of European logistics properties is higher compared to offices and high street retail. These factors are expected to attract investments in this sector, which will lead to the growth of this market. Countries including the UK and Germany are exhibiting growth potential, owing to an increase in shipping services. In 2018, around 2.8 billion and 3.2 billion packages and parcels were delivered in the UK and Germany, respectively, as per the same source. Due to this high volume of freight movement, companies such as FedEx, UPS, and DHL will require mega-distribution centers equipped with automation solutions.

The European retail automation market is segmented based on components, and end-user. Based on the component, the retail automation market is segmented into hardware and software. To sub-segmentize, the hardware is based on barcode scanner, POS systems, vending machines, self-scan checkout systems, other hardware types. Software is further evaluated as workforce management software, supply chain, inventory management software, retails apps and online store applications. On the basis of, the market is classified into supermarkets/hypermarkets, convenience stores, fuel stations, and Other. 

To Request a Sample of our Report on European Retail Automation Market:  https://www.omrglobal.com/request-sample/european-retail-automation-market

European Retail Automation Industry Market Segmentation

By Component

Hardware
RFID and Barcode Scanner
POS Systems
Vending Machines
Self Scan Checkout systems
Other Hardware Types
Software
Workforce Management Software
Supply Chain and Inventory Management Software
Retails Apps and Online Store Applications

By End-user

Supermarkets
Hypermarkets
Convenience Stores
Fuel Stations
Retail Pharmacies
Online Stores

A full Report of European Retail Automation Market is Available @  https://www.omrglobal.com/industry-reports/european-retail-automation-market

Regional Analysis

UK
Germany
France
Italy
Spain
Rest of European

Company Profiles

ABB, Ltd.
Avaloq Group AG
BEUMER Group GmbH & Co. KG
Datalogic S.p.A.
Jungheinrich AG
Hadean Supercomputing, Ltd.
Hurree
Kion Group AG
KNAPP AG
KUKA AG
Orpak Systems, Ltd.
ParcelLab GmbH
System Logistics S.p.A.
Tricentis GmbH
Veeqo, Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

 

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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