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Warehouse Automation Market to reach USD 12.70 Bn by 2030, growing at a CAGR of 9.32 percent and forecast (2024-2030)

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Warehouse Automation Market to reach USD 12.70 Bn by 2030, growing at a CAGR of 9.32 percent and forecast (2024-2030)

May 15
19:58 2024
Warehouse Automation Market to reach USD 12.70 Bn by 2030, growing at a CAGR of 9.32 percent and forecast (2024-2030)
Warehouse Automation Market
Warehouse Automation Market is segmented into Warehouse Automation by Type, Application, and Region. For the estimation of the Warehouse Automation Market size, the bottom-up approach was used.

Stellar Market Research, an international business & consultancy firm has recently published a research report on the “Warehouse Automation Market”. The total global market for the “Warehouse Automation Market” was valued at USD 6.81 Billion in 2023 and is expected to grow at a CAGR of 9.32 Percent over the forecast period to reach USD 12.70 Billion by 2030. By continuing agreement with evolving consumer preferences and advancements in technology and deep formulation research to achieve products, there exists the signifi t potential for innovative, stylish, and modern lifestyles to drive the Warehouse Automation market.

Market Size in 2023: USD 6.81 Billion

Market Size in 2030: USD 12.70 Billion

CAGR: 9.32 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 223

No. of Tables: 143

No. of Charts and Figures: 185

Segment Covered: by Type, Application, and Region

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Warehouse Automation Market Report Scope and Research Methodology

The Warehouse Automation Market Report provides a comprehensive analysis of market dynamics, trends, and future growth prospects, covering segmentation by component, type, end-user industry, and geography. It includes market size and forecasts, drivers, restraints, opportunities, challenges, competitive landscape, and technological trends. The research methodology combines primary research, including interviews, surveys, and focus groups with industry experts, and secondary research, such as reviewing industry reports, company financials, and databases. Data analysis involves market estimation, trend analysis, and competitive assessment, validated through triangulation and expert consultations, ensuring a thorough and reliable market analysis.

Get a free sample copy to fully comprehend the format of the report, which includes the table of contents and summary:https://www.stellarmr.com/report/req_sample/Warehouse-Automation-Market/157

Warehouse Automation Market Overview

Warehouse automation involves using technology to automate various tasks and processes within a warehouse to improve efficiency, accuracy, and productivity. This includes the implementation of automated storage and retrieval systems (AS/RS), conveyor systems, robotics, and warehouse management software. These technologies help streamline operations such as inventory management, order picking, packing, sorting, and shipping. By reducing manual labor and human error, warehouse automation enhances operational efficiency, reduces costs, and allows for better utilization of warehouse space. It is widely adopted in industries such as retail, e-commerce, manufacturing, and logistics to meet the demands of faster and more accurate order fulfilment.

Warehouse Automation Market Dynamics

The warehouse automation market is driven by several key factors. The growing demand for faster and more accurate results, especially due to the rise of e-commerce, is a significant driver. Consumers’ expectations for quick and reliable delivery have pushed companies to adopt automated systems to stay competitive. Additionally, the increasing need to reduce operational costs and improve efficiency has led many industries to invest in automation technologies. The labor shortage in warehousing and logistics sectors, coupled with rising labor costs, further accelerates the adoption of automation. Moreover, advancements in technology, such as artificial intelligence, machine learning, and the Internet of Things (IoT), have enhanced the capabilities of automated systems, making them more efficient and adaptable to various warehouse environments.

The warehouse automation market presents numerous opportunities for growth and innovation. The integration of advanced technologies like AI and IoT into warehouse systems opens new possibilities for smart warehouses that can operate with minimal human intervention. Emerging markets, particularly in developing regions, offer significant potential as industries in these areas seek to modernize their logistics and supply chain operations. Additionally, the increasing focus on sustainable and green operations creates opportunities for automation solutions that reduce energy consumption and enhance operational efficiency. The customization and scalability of automation solutions to meet the specific needs of different industries also present a lucrative opportunity for market players. As businesses continue to seek ways to enhance their competitive edge, the demand for innovative and comprehensive automation solutions is expected to grow.

In North America, the Warehouse Automation Market is expected to grow at a CAGR of 8.1 percent over the forecast period 

North America is projected to maintain its leadership in the Warehouse Automation Market through 2026, holding the largest market share globally, followed by the Asia-Pacific (APAC) and Europe regions. The primary driver of this growth is the rapid expansion of e-commerce, which has significantly increased the demand for robots in warehouses and distribution centers across the United States. Additionally, technological advancements have resulted in the development of more efficient, smaller, and cost-effective robots. This, coupled with labor shortages in certain areas, further propels the growth of the warehouse automation market in North America.

Key companies operating numerous warehouses and distribution centers are leveraging acquisition strategies to reduce labor costs and enhance profitability. For instance, in 2023, Amazon deployed over 200,000 mobile robots within its warehouse network in the U.S., alongside hundreds of thousands of human workers. This robotic workforce has significantly contributed to Amazon’s ability to meet the growing demands for speedy deliveries, especially for Amazon Prime customers. These strategic moves and technological advancements are instrumental in sustaining North America’s dominance in the global warehouse automation market.

Instant access is available by downloading your exclusive sample copy of the report right now!

Warehouse Automation Market Segmentation

Based on the Type, the Advanced Warehouse segment to dominate the Warehouse Automation Market over the forecast period

In the warehouse automation market, the Advanced Warehouse segment is the most dominant due to its superior efficiency, cost-effectiveness, scalability, and technological integration. Unlike Basic Warehouses that rely heavily on manual labor and Warehouse Systems that implement specific technologies without full automation, and Mechanized Warehouses that use machinery with significant human intervention, Advanced Warehouses leverage cutting-edge technologies such as robotics, artificial intelligence (AI), machine learning, and the Internet of Things (IoT). These technologies enable advanced warehouses to manage inventory control and order with minimal human intervention, significantly reducing labor costs, increasing speed and accuracy, and allowing for seamless scalability to meet fluctuating demand, thus making them the preferred choice for large-scale operations and e-commerce businesses.

Based on the Application, the E-commerce segment to dominate the Warehouse Automation Market over the forecast period

In the warehouse automation market, the E-commerce segment is the most dominant due to its rapid growth and high operational demands. The surge in online shopping has significantly increased the need for fast and accurate orders, driving the adoption of advanced automation technologies such as robotics, automated storage and retrieval systems (AS/RS), and sophisticated warehouse management systems (WMS). These technologies enable e-commerce warehouses to handle large volumes of diverse, small orders efficiently, reducing labor costs and improving speed and accuracy. The intense competition and high consumer expectations for quick delivery further push e-commerce companies to invest heavily in automation, making this segment the leading application in the warehouse automation market.

By Type

  • Basic Warehouse1.2
  • Warehouse System1.4
  • Mechanized Warehouse 1.6
  • Advanced Warehouse

By Application

  • E-commerce 2.1
  • Grocery 2.2
  • Apparel 2.3
  • Food & Beverage 2.4
  • Pharmaceutical 2.5

 

Warehouse Automation Market’s Key Players include:

  • Dematic Group (Kion Group AG)
  • Daifuku Co. Limited
  • Geek+
  • Swisslog Holding AG (KUKA AG)
  • Honeywell Intelligrated (Honeywell International Inc.)
  • Jungheinrich AG
  • Murata Machinery Ltd
  • Knapp AG
  • Amazon
  • Lucas Robotics
  • TGW Logistics Group GmbH
  • Kardex Group
  • Mecalux SA
  • BEUMER Group GmbH & Co. KG
  • SSI Schaefer AG
  • Vanderlande Industries BV
  • WITRON Logistik + Informatik GmbH
  • Oracle Corporation
  • One Network Enterprises Inc.
  • SAP SE

Key questions answered in the Warehouse Automation Market are:

  • What is Warehouse Automation?
  • What was the Warehouse Automation Market size in 2023?
  • What is the expected Warehouse Automation Market size by 2030?
  • What is the growth rate of the Warehouse Automation Market?
  • What are the key benefits of the Warehouse Automation Market?
  • What are the new trends in Warehouse Automation?
  • What are the driving, opportunity, and restraining factors in the global Warehouse Automation Market?
  • Which are the factors expected to drive the Warehouse Automation Market growth?
  • Which factors are expected to restrain the Warehouse Automation Market growth?
  • Which segment dominated the Warehouse Automation Market growth?
  • What is the demand pattern for the Warehouse Automation Market?
  • Which region held the largest share of the Warehouse Automation Market?
  • Who are the key players in the Warehouse Automation Market?

 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023 −2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Type, Application, and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

 

Stellar Market Research is a leading Automation & Control research firm that has also published the following reports:

Industrial Automation Services Market: The Industrial Automation Services Market was valued at nearly USD 189.93 Bn. in 2023. Global Industrial Automation Services Market size is estimated to grow at a CAGR of 8.49percent and is expected to reach USD 335.99 Bn. by 2030.

Industrial Control & Factory Automation Market: Industrial Control & Factory Automation Market size was valued at USD 155.81 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 8.2percent through 2024 to 2030, reaching nearly USD 270.52 Bn.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies

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