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.
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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
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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.
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