The global warehouse automation market size is expected to grow from $15.21 billion in 2021 to $17.47 billion in 2022 at a compound annual growth rate (CAGR) of 14.86%. The global warehouse automation market size is expected to grow to $31.03 billion in 2026 at a CAGR of 15.45%.
What is the Global Warehouse Automation Market?
The warehouse automation market consists of sales of goods by entities (organization, partnership, sole traders) that refers to devices or systems used to streamline repetitive warehouse operations and make them less labor intensive to generate greater operational efficiencies. Warehouse automation is an integral entity of supply chain optimization, as it reduces time, effort, and errors caused due to manual or repetitive tasks. These automated systems are transforming operational facilities by increasing the speed of inventory movement, increasing storage density, reducing labor costs, and improving human safety inside the facility.
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What drives the Global Warehouse Automation Market?
The rise in e-commerce sales will drive the growth of the warehouse automation market. As retailers encounter to keep up with an increasing volume of the orders and will surge last-mile delivery needs, warehouse automation is briskly turning into the trump card for those who are looking for a leg up on the competition, especially in the competitive e-grocery market. For instance, according to the Robotic Business Review, e-commerce will grow and is expected to reach 22% of all the retail sales worldwide in 2023, as compared to that 14.1% in 2019. According to a study published by Prologis, a USA-based real estate investment trust, in 2021 the use of automation in warehousing is expected to increase revenue per square foot from 10% to 20% in the e-commerce real estate sector in the next three years. Therefore, the rise in the e-commerce sector is expected to boost the warehouse automation market during the forecast period.
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Global Warehouse Automation Market Segments
The global warehouse automation market is segmented:
By Type: Conveyor/Sortation Systems, Automated Storage and Retrieval Systems (AS/RS), Mobile Robots, Warehouse Management Systems (WMS), Automatic Identification and Data Capture (AIDC)
By Component: Hardware, Software
By Function: Inbound, Picking, Outbound
By End User: General Merchandise, Healthcare, FMCG/Non-durable Goods, Other End Users
By Geography: The regions covered in the warehouse automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Warehouse Automation Global Market Report 2022provides market size and growth forecasts for the global warehouse automation market, global warehouse automation market share, warehouse automation market segments and geographies, warehouse automation market competitive landscape including leading competitors’ revenues, profiles and market shares. The warehouse automation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Warehouse Automation Industry Playersinclude Daifuku Co., Ltd., Honeywell Intelligrated, KUKA Group, KNAPP Group, Omron Corporation, ABB Ltd, Kardex Group, SSI Schaefer AG, Locus Robotics, Dematic Group (Kion Group AG), Vanderlande Industries BV, Godrej Consoveyo Logistics Automation, Space Magnum Equipment, Toyota Industries, Yaskawa Electric Corp Inc, and WITRON Logistik + Informatik GmbH. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
