According to the research report, the global warehouse automation market size & share was valued at USD 12.85 billion in 2020 and is expected to reach USD 30.69 Billion By 2028 to grow at a CAGR of 14.2% during the forecast period.
Warehouse automation is the procedure of robotizing inventory fluctuation within or outside the warehouses to customers with minimal human assistance. As part of the automation procedure, a business can put an end to duties that are labor-intensive and include physical work that is repetitive and manual data entry and analysis. For instance, a warehouse laborer may load an autonomous mobile robot with packages that are heavy. The robot advances the inventory from one point of the warehouse to the shipping zone. The software registers the movement of that inventory, maintaining all current records.
Warehouse automation works by utilizing software and technology like sensors and robotics to automate tasks. These products function jointly with prevailing tools like inventory management software. Warehouse automation assists guarantee the operations that are business-critical in the facilities meet customer demand. It commences with warehouse management systems that automate data capture and manual processes, inventory control, and reinforce data analysis. These systems amalgamate with alternate solutions to effectively manage and automate tasks across various business and supply chain functions.
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Warehouse automation market: Growth leading factors
The demand for the warehouse automation market is increasing because crucial factors reinforcing the market growth are surging warehousing labor costs and robust macro and drivers of the industry’s growth of e-commerce fulfillment. Trends in complicated global supply chains, omnichannel retailing, and shipment delivery demand warehouse to escalate outturn, cost cut, and reduced inventory cycles. These factors demand warehouse automation to disentangle the workflow.
Warehouse automation has seen an unprecedented increase in adoption because of growing investments in research and development activities, increased labor costs, shortage of skilled workforce, and development in awareness in the context of benefits provided by warehouse automation and growing demand for automation in the industrial sector. In intensifying operational efficacy and enhancing safety in a warehouse for workers, companies are growingly adopting technologically progressive components like sensors, scanners, and RFID tags. These technologies can observe and trace inventory that is real-time together with organizing the logistics process with minimal manual error.
The covid-19 pandemic has had a devastating impact on many firms’ supply chain network dimensions layout. Several companies appreciate financing and adopt automation technologies for their manufacturing sites.
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Warehouse automation market: Report Scope
Report Attribute
Details
Market Size 2020 Value
USD 12.85 billion
Market Outlook for 2028
USD 30.69 billion
Expected CAGR Growth
14.2% from 2021 – 2028
Base year
2020
Forecast period
2021 – 2028
Segments covered
By Type, By Technology, By Application, By Region
Key Companies
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), KNAPP Group, KUKA Group (Swisslog), Muratec Machinery, ltd., Richfield Automation Ltd, Schaefer Systems International Pvt Ltd, Space Magnum Equipment Pvt. Ltd, The Hi-Tech Robotic Systemz Limited
Regional scope
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customization Options
Customized purchase options are available to meet your research needs.
Warehouse automation market: Key segmentation
By technology, the automated storage and retrieval system segment is anticipated to have a significant revenue share as AS/RS system primarily provides benefits that are exceptional to the warehouse manager, like lessening costs in context to labor and energy while also encouraging the utilization of space and circumventing damage to products. By application, the e-commerce segment observed a large revenue size in the global market because of multiple applications of warehouse automation in e-commerce industries due to a rise in vendor awareness in the context of robotics of specific aspects of the fulfillment of e-commerce.
By region, Asia Pacific is anticipated to constitute a significant share in the market by the conclusion of the analysis time frame. It is attributable to factors like high disposable income levels, expanding urban population, and escalating advancement of electronic technologies. Further growing concentration on quality control be, lessening variability, and lessening errors by conveying and storing the item in an efficient storage space is also propelling the regional market growth. Europe is also leading the global market due to the government drafting various industrial automation policies for successfully managing the handling of material at warehouse facilities.
Browse the full “Warehouse Automation Market Share, Size, Trends, Industry Analysis Report, By Application (E-commerce, Grocery, Apparel, Food & Beverage, Pharmaceutical); By Type; By Technology; By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/warehouse-automation-market
Key highlights of the report
The market primarily depends on the type, technology, application, and region
Warehouse automation market: By type
Warehouse automation market: By technology
Warehouse automation market: By application
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