Global Warehouse Automation market size is expected to grow at a CAGR of 14.4% from 2023 to 2033. With the surging adoption of e-commerce, the number and size of warehouses are rapidly increasing globally. To keep up with this trend, warehouse operators increasingly turn to automation technology to increase productivity and reduce time-to-handle.
Global Warehouse Automation Market Definition
Automating warehouses involves moving inventory from warehouses to customers without any human involvement. Implementing automation projects allows a business to eliminate labor-intensive tasks such as repetitive physical work and manually entering and analyzing data. Automating warehouse tasks with robots and sensors is achieved using software and technology like robotics and sensors. Automation in warehouses can range from being extremely simple to be quite complicated. There are different categories of warehouse automation, such as basic warehouse systems, warehouse automation systems, mechanized warehouse automation, and advanced warehouse automation.
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Global Warehouse Automation Market Dynamics
Robotics automation is rapidly becoming a crucial component of e-commerce success and is set to impact logistics significantly. Therefore, the significant factors boosting the demand for the warehouse robotics market are the increasing adoption and government initiatives on industrial automation technology and the rising prevalence of robotics technology in e-commerce fulfillment centers in developed and emerging nations. One of the challenges for this sector is the frequent and expensive maintenance and service required by some automation solutions. The market expansion is nevertheless constrained by a hefty initial investment and public safety concerns. Companies are adopting technologically advanced components such as RFID tags, scanners, and sensors to enhance operational efficiency and safety of workers at warehouses. These technologies can monitor and track real-time inventory while streamlining the logistic process with minimum error. Hence technological advancement is supporting the substantial growth of the warehouse automation market.
Scope of the Global Warehouse Automation Market
The study categorizes the warehouse automation market based on type, technology and application at the regional and global levels.
By Type Outlook (Sales, USD Million, 2019-2033)
- Basic Warehouse
- Warehouse System
- Mechanized Warehouse
- Advanced Warehouse
By Technology Outlook (Sales, USD Million, 2019-2033)
- Automated Storage and Retrieval Systems (AS/RS)
- Automatic Guided Vehicles (AGVs)
- Autonomous Mobile Robots (AMRs)
- Voice Picking and Tasking
- Automated Sortation Systems
- Others
By Application Outlook (Sales, USD Million, 2019-2033)
- E-commerce
- Grocery
- Apparel
- Food & Beverage
- Pharmaceutical
By Region Outlook (Sales, USD Million, 2019-2033)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
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Asia Pacific accounts for the highest CAGR during the forecast period
Based on the regions, the global warehouse automation market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global Warehouse Automation market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia–Pacific. Strong economic growth in domestic emerging countries such as China, Indonesia, Malaysia, and India is driving the region’s expansion.
Several reasons, such as the rapidly increasing usage of industrial IoT, expanding urbanization, and rising e-commerce sales, contributed to the growth of the warehouse automation market in the region. The market is expected to expand in the coming years, and this expansion is projected to be fueled by expanding adoption of robotics and artificial intelligence in warehouse automation. The demand for technological advancement in warehouse automation will rapidly increase the growth of the market across the countries.
Competitive Landscape – Global Warehouse Automation Market
The warehouse automation market is mildly concentrated in nature, with few numbers of global players operating in the market, such as:
- Addverb Technologies Inc.
- Armstrong Ltd.
- Bastian Solution LLC
- Daifuku India Private Limited
- Falcon Autotech Private Limited
- Godrej Consoveyo Logistics Automation Ltd (GCLA)
- GreyOrange
- Hinditron Group
- Honeywell Intelligrated
- Kardex India Storage Solutions Private Limited
- Kion Group (Dematic)
- others
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