With more than 11% of the European Union’s (EU) GDP contribution, retail and wholesale services are key for the EU’s economy. The 6 million companies present in the region provide around 33 million jobs and in the last few years, the sector has seen a lot of changes. Due to larger vertical integration, the retailers have enjoyed more efficient distribution and logistics with international retailers who have been keen to expand their presence in Europe. However, they are more cautious and selective in doing so. Cities like London, Paris, Moscow, Milan and Madrid flock lot of tourists and are high on the list of luxury brands. This enables the retail automation market to grow at a steady pace to help the retail industry in the region.
Automation will be playing a major part in the growth of the retail industry, since, as they grow they push retailers to invest in automation products and services as it helps them to cut down costs and boost efficiency. These solutions also enhance the customer experience as well as the efficiency of retail store employees. There are various automated products available in the retail automation market like a barcode reader, currency counter, bill printer, cash register, kiosks, which are enhancing the retailing process.
Europe retail automation market report talks about the key factors that contribute to the growth of the market, discussing the technology overview and the trends, providing the recent developments and the products available in the market. To discuss this, the market has been segmented based on the types of category, that is, either the one with partial or manual intervention or the one that is completely automated, like that of unattended terminals, along with which it is also segmented based on products like barcode reader market, weighing scale market, currency counter market, bill printer market, cash register market, card reader market, kiosks market, self-checkout systems market among others.
It also provides country-specific forecasts of the market, giving a detailed insight into the market’s performance. Some of the major vendors manufacturing retail automation solutions like Siemens, Fujitsu, Casio, Motorola, Honeywell, Toshiba, Seiko Epson, NCR Corporation, First Data Corporation and Wincor Nixdorf have been studied and their strategies analyzed.
Factors driving this market are:
Factors restraining this market are:
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