Key Findings
The United Kingdom RFID readers market is evaluated to register a CAGR of 8.02% during the forecasting period. The regional market’s growth is mainly facilitated by factors such as the rapid expansion in the digitization of fleet services, the impact of COVID-19 on consumer spending patterns, and the substantial effect on the international road freight transport industry. While the base year considered for the market study is 2020, the forecasted years are 2021 to 2026.

Market Insights
The United Kingdom’s retail sales volume partially recovered in February 2021, following the impact of the COVID-19 pandemic, with an increase of over 2% compared with the 8.2% decline witnessed in the previous month. However, the sales were still down by 3.7% the year before the pandemic’s effect. Non-food stores offered the highest positive contribution to the monthly growth in the sales volumes of February 2021. It was facilitated by solid increases of 6.1% and 16.2% in department stores and household goods stores, respectively. Conversely, clothing retailers registered the most significant decline, of 50.4%, in sales volumes, compared to February 2020, before the COVID-19 pandemic.
Moreover, automotive fuel stores also recorded a tremendous annual decline of 26.5%, as travel prohibitions continued to impact sales within that sector. Also, the proportion spent online amplified to 36.1% in February 2021, the highest on record. Therefore, the aforementioned factors are set to supplement the United Kingdom RFID readers market growth during the projected years.

Competitive Insights
The top companies operating in the market are Honeywell International, Invengo Technology, PTE Ltd, Motorola Solutions Inc, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments