European Retail Automation Market Size, Competitive Analysis, Share, Forecast- 2020-2026

The 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.
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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.
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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.
Country-wise, the market is segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany is leading the market in Europe with extensive resources and investment in the past decade. The discount stores have experienced the highest growth in terms of outlets over the past decade, which has benefitted the retail automation service providers in Germany. France is expected to hold the highest potential in terms of growth rate, with the country maintaining its colossal retail industry.
In recent years, foreign companies have been entering the European market. Some have entered with investments, like the partnership of Blackstone Group LP and Goldman Sachs with Mirastar, an M7- backed European retail platform, and are keen on making further investments in Europe. Others have entered through expansion, such as PARCEL Perform in Germany and Crane Worldwide Logistics in Belgium. There were a few acquisition activities in the market, such as the procurement of Panalpina by DSV, Dema Service by C.H. Robinson, and BDA Logistics Innovation (BDA) by Carousel Logistics. Also, the development of autonomous baggage handling systems by Vanderlande, and the introduction of Aeolix, a European data-sharing network for logistics, are some of the major innovations in retailing in the region. Despite new entrants in the market, retail infrastructure in some major European countries is not conducive to adopting automation, resulting in less-than-expected market growth.
Market Segmentation
European Retail Automation Industry Market 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
European Retail Automation Market by End-user
• Supermarkets
• Hypermarkets
• Convenience Stores
• Fuel Stations
• Retail Pharmacies
• Online Stores
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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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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.

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