The global market for the Warehouse Automation is anticipated to develop at a compound annual growth rate (CAGR) of 14.8% throughout the course of the forecast, to reach USD 64,639 Mn by 2030.
The global warehouse automation market revenue growth is projected to hit 622.2 million by 2028, clocking in an impressive CAGR valuation of 27%. The major factors accelerating the market growth include increase warehouse efficiency for storage and retrieval systems, improved customer service, cost-effectiveness, and better resource utilization. Most importantly, automation has been the key survival tactic braced by industries during Covid-19.
However, high initial investments, maintenance, multi-functionality limitations, and lack of technical expertise are likely to hamper the market growth of the global warehouse automation market. Furthermore, the warehouse supply chain managers are opting for automation to address supply-chain gaps.
Automation of warehouses during the pandemic has stabilized production and shifted supply chain processes without comprising workers' safety. For example, carton wrap scanning, packing technology, ground-based robots, robot brooms, robots for inventory packing, etc. Incorporating such technologies during the pandemic has saved huge labor costs and other resources providing immense opportunities for meeting customer demands and strengthen the market position. In the post-pandemic era automation is likely to play a crucial role in business delivery and manufacturing targets aligning with social distancing norms in pandemic times.
Warehouse automation is a process that automates the inventory system of warehouses with minimal human assistance and interference. For example, mobile shelf loader robots are used to handle and pick up product racks and handover the same to assigned personnel. Employee analytics and facility management can also be classed under warehouse automation.
The purpose of warehouse automation is to integrate technology solutions to meet growing customer demands. The established and new players in the global warehouse automation market are providing advanced design and optimization solutions to the customers. Automation technology solutions have brought supply chain innovation leading to improved efficiencies and cut costs. This has provided huge growth opportunities to warehouse automation solution providers.
The global warehouse automation market revenue growth is projected to hit 622.2 million by 2028, clocking in an impressive CAGR valuation of 27%. The major factors accelerating the market growth include increase warehouse efficiency for storage and retrieval systems, improved customer service, cost-effectiveness, and better resource utilization. Most importantly, automation has been the key survival tactic braced by industries during Covid-19.
However, high initial investments, maintenance, multi-functionality limitations, and lack of technical expertise are likely to hamper the market growth of the global warehouse automation market. Furthermore, the warehouse supply chain managers are opting for automation to address supply-chain gaps.
Automation of warehouses during the pandemic has stabilized production and shifted supply chain processes without comprising workers' safety. For example, carton wrap scanning, packing technology, ground-based robots, robot brooms, robots for inventory packing, etc. Incorporating such technologies during the pandemic has saved huge labor costs and other resources providing immense opportunities for meeting customer demands and strengthen the market position. In the post-pandemic era automation is likely to play a crucial role in business delivery and manufacturing targets aligning with social distancing norms in pandemic times.
Warehouse automation is a process that automates the inventory system of warehouses with minimal human assistance and interference. For example, mobile shelf loader robots are used to handle and pick up product racks and handover the same to assigned personnel. Employee analytics and facility management can also be classed under warehouse automation.
The purpose of warehouse automation is to integrate technology solutions to meet growing customer demands. The established and new players in the global warehouse automation market are providing advanced design and optimization solutions to the customers. Automation technology solutions have brought supply chain innovation leading to improved efficiencies and cut costs. This has provided huge growth opportunities to warehouse automation solution providers.
.png "Global Warehouse Automation Market 2018-2028 (USD Million)")
The key innovators and leaders in the global warehouse automation market are Wynright, Yaskawa, SSI Schaefer, Omron, Magazino, Locus Robotics, Kuka, IAM Robotics, Honeywell, Geodis, FANUC, Fetch Robotics, Automation Tooling Systems, Amazon Robotics, and ABB among all other local and global players.
Market players are making huge investments in the market for expansion, meeting customer demand, and boost competitiveness. As a result of e-commerce expansion, large and small enterprises are pursuing new innovation strategies to drive market growth and ensure safe entry into the competitive arena.
Warehouse Automation Market Scope
| Metrics | Details |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 622.2 million |
| Growth Rate | CAGR of 27% during 2021-2028 |
| Segment Covered | Type, End User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Wynright, Yaskawa, SSI Schaefer, Omron, Magazino, Locus Robotics, Kuka, IAM Robotics, Honeywell, Geodis, FANUC, Fetch Robotics, Automation Tooling Systems, Amazon Robotics, and ABB among all other |
Key Segments of the Global Warehouse Automation Market
Type Overview, 2018-2028 (USD Million)
• Conveyer Systems
• Advanced Storage & Retrieval Systems
• Mobile Robots
• Warehouse Management Systems
End User Overview, 2018-2028 (USD Million)
• Merchandise
• Healthcare
• FMGC
• Other
Regional Overview, 2018-2028 (USD Million)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
South America
• Brazil
• Mexico
• Rest of South America
Middle East and Africa
Reasons for the study
• To present a comprehensive study that outlines many aspects of the global warehouse automation market which market players should know and some best practices for implementing warehouse automation solutions successfully.
• To ensure you are aware of all the important events, factors, and trends taking place in the global warehouse automation space, locally as well as globally.
• To offer a detailed study of the global warehouse automation market.
What does the report include?
• Market forecasts, opportunities in individual segments, latest trends majorly influencing the global warehouse management industry that shape the future of the global warehousing space and warehouse management.
• Market size based on individual segments, geographic landscape, global footprint, strategic initiatives undertaken by global market leaders.
• Challenges and risks that the market players may face in the short-term and long run and possible recommendations to minimize the risks and challenges.
• Global market scenarios considering various market facts.
• Qualitative and quantitative factors based on segmentation and industry vertical. Moreover, the report lends core cues which help fostering growth hotspots.
Who should buy this report?
Leading players in the realm of global warehouse automation are looking out for pathbreaking information to ensure high efficiency, control costs and improve production practices.
• Innovators, companies, and experts looking for in-depth market insights.
• Players and stakeholders across the supply chain of the global warehouse automation landscape.
Frequently Asked Questions (FAQ) :
The market value of warehouse automation market in 2028 was USD 622.2 million
The major contenders in the global market are Wynright, Yaskawa, SSI Schaefer, Omron, Magazino, Locus Robotics, Kuka, IAM Robotics, Honeywell, Geodis, FANUC, Fetch Robotics, Automation Tooling Systems, Amazon Robotics, and ABB among all other
The base year for the report is 2021 in warehouse automation market .
The rapidly growing e-commerce industry, production demands, changing customer expectations have collectively enforced changes that make warehouses more efficient, agile, and highly operational to offer round-the-clock services without any glitches and delays. Thus, companies have turned to warehouse automation to boost supply chain operations. This has led to a tremendous boost in warehouse automation and the incorporation of new technologies like robotics, facility management, etc to streamline operations.
Simultaneously, leading market participants are constantly striving to instil improved skill management which is furthering adoption of automation and robotics.
Most importantly, due to Covid-19 spread, and associated complications in business delivery, companies are facing acute labor shortages thereby putting pressure on supply-chain networks.
This has reckoned for novel investment ventures in the warehouse automation sphere, besides improving warehouse management which collectively prompt impressive returns in the global warehouse automation market. Automation warehousing is expected to attract ample investment likelihood in the next five years. The growing focus of small, medium and large enterprises in incorporating automation solutions is driving the global warehouse automation market.
Type Segment
The global market for warehouse automation has been classified on the basis of type based on which mobile robots, advanced storage & retrieval systems, warehouse management systems, and conveyor systems are the chief segments. Mobile robots and warehouse management systems are emerging as significant opportunities for investors.
These segments have recorded the highest revenue in the global warehouse automation market and are projected to gather maximum revenue in the future. Operational efficiency, lowered expenses, visibility, supply chain optimization, and huge return on investment are the key factors propelling the market growth of these segments.
End-User Segment
The global warehouse automation space is also clustered based on end-use segmentation comprising, FMCG, healthcare, and merchandise, besides others. The healthcare and merchandise segments accounted for the maximum market share in the global warehouse automation market.
The key influencers for these segments’ growth are growing demand for various vaccines, increasing production of biologicals, herbal products, surgical goods, drugs, etc. In terms of merchandise growth the strong demand in general merchandise, food & beverage sectors, rising e-commerce trends are the key influencers for the segment growth.
North America is one of the largest shareholders for warehouse automation It also has high software integration for streamlining warehouse management across diverse end-users. There is a combination of factors driving the growth of this region such as the presence of the biggest e-commerce companies like Amazon, biotech and pharmaceutical giants, and many industry leaders in the region. The APAC and MEA regions are also projected to gather commendable market growth owing to the increasing establishment of e-commerce firms, and many other companies from various industries.