Europe retail automation market is estimated to record a healthy CAGR of 9.8% during the forecast period (2020-2026). Greater liberalization and integration in the retailing sector are playing a pivotal role in the growth of the retail automation market in European countries including Germany, the UK, and Italy, among more. Inflation is also said to be one of the major driving factors increasing total sales in the region, which has elevated the demand for retail automation services in the region. As developing countries continue to lose their cost advantage, European countries are taking this as an opportunity to restore production. Thus, the application of retail automation to support these retailing chains and production plants is evident. Moreover, they are concentrating on quicker distribution over short distances. This is leading to the establishment of more retailers and warehouses, thus increasing the use of retail automation.
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Moreover, in the last decade, supermarkets and hypermarkets surpassed the small outlets and small organizations dominating at the beginning of the century, which has boosted the retail automation sector in the region. Retailing in Europe has been prioritized for many years as commerce plays a unique role in the European economy. It is a dynamic and labor-intensive sector, generating 14% of the EU's GDP, according to the EU. The companies are expected to focus on convenience stores, for instance maximizing ranges and introducing new locations, and on making e-retailing space lucrative in an increasingly competitive marketplace, which makes the market for retail automation, a lucrative one in Europe.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
European Retail Automation Market Report Segment
By Product
o RFID and Barcode Scanner
o POS Systems
o Vending Machines
o Self-Scan Checkout systems
o Other Hardware Types
o Workforce Management Software
o Supply Chain and Inventory Management Software
o Retails Apps and Online Store Applications
By End-User
European Retail Automation Market Report Segment
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