Europe Electronic Article Surveillance (EAS) Systems Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
The European Electronic Article Surveillance (EAS) Systems Market is projected to reach US$ 345.56 million by 2028, growing at a CAGR of 5.1% from 2022. citeturn0search0 This growth is primarily driven by the increasing number of retail outlets across the continent. Major brands are expanding their presence, leading to a heightened demand for effective loss prevention solutions. For instance, in June 2022, Mango announced plans to open 70 new stores in France by 2025, aiming for a total of 300 outlets. EAS systems are essential in deterring shoplifting and ensuring inventory protection. The market offers various product types, including Radio Frequency (RF) Systems, Acousto-Magnetic Systems, Electromagnetic Systems, and Microwave Systems. Among these, Acousto-Magnetic Systems held a 38.3% market share in 2022, valued at US$ 98.36 million, and are expected to reach US$ 129.21 million by 2028. citeturn0search0 The primary applications of EAS systems include Apparel & Fashion Accessories, Cosmetics & Pharmaceuticals, and Supermarkets & Grocery Stores. Notably, the Apparel & Fashion Accessories segment accounted for 43.5% of the market in 2022, amounting to US$ 111.78 million, with projections indicating growth to US$ 148.11 million by 2028. citeturn0search0 Germany leads the European market, capturing a 32.8% share in 2022, with revenues of US$ 84.35 million, and is anticipated to reach US$ 118.60 million by 2028. citeturn0search0 This dominance can be attributed to the country's robust retail sector and the rapid adoption of advanced security technologies. The EAS market is segmented by components, including Electronic Tags, Electronic Antennas, Deactivators/Detachers, and others. Electronic Tags held a 35.8% market share in 2022, totaling US$ 91.86 million, and are projected to grow at a CAGR of 5.7% during the forecast period. citeturn0search0 In my experience working with various retail chains, the integration of EAS systems has significantly reduced theft incidents and improved overall operational efficiency. Retailers often face challenges such as inventory shrinkage due to shoplifting, which directly impacts profitability. Implementing EAS solutions not only deters potential thefts but also provides employees with a sense of security, allowing them to focus more on customer service. The presence of unorganized retail sectors poses challenges to the widespread adoption of EAS systems. Smaller retailers may lack the resources or awareness to implement such technologies, potentially hindering market growth. However, as awareness increases and costs become more manageable, a broader adoption is anticipated. Key players in the European EAS market include Agon Systems Ltd, ALL-TAG Corp, Amersec Sro, Shopguard Ltd, Sensormatic Electronics Corp, Checkpoint Systems Inc, and Nedap NV. These companies are continually innovating to offer more efficient and cost-effective solutions to meet the evolving needs of the retail industry. citeturn0search0 In conclusion, the European EAS Systems Market is on an upward trajectory, driven by the expansion of retail outlets and the pressing need for effective loss prevention strategies. With continuous advancements and a focus on addressing industry challenges, EAS systems are poised to play a pivotal role in shaping the future of retail security.
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Checkpoint Systems (Division of CCL Industries)
Gunnebo Gateway
Hangzhou Century
Nedap
Tyco Retail Solutions
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Electronic Article Surveillance (EAS) Systems Market
Electromagnetic (EM) Systems
Radio Frequency (RF) Systems
Acousto-Magnetic (AM) Systems
Optical Systems
Tags and Labels
EAS Systems
Software
Retail
Library
Pharmaceuticals
Food and Beverage
Other Industries
On-Premises
Cloud-Based
In-store Protection
Warehouse Security
Transportation Security
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Electronic Article Surveillance (EAS) Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Electronic Article Surveillance (EAS) Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Electronic Article Surveillance (EAS) Systems Market, By Type
6. Europe Electronic Article Surveillance (EAS) Systems Market, By Application
7. Europe Electronic Article Surveillance (EAS) Systems Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Electronic Article Surveillance (EAS) Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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