Warehouse Automation Market Expected to Reach $44.29 billion by 2030| Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-06-07  

     

As per Business Intelligence Insights (BII) study, the global Warehouse Automation Market attained revenue growth of USD 15.10 billion in 2021 and it is projected to reach around USD 44.29 billion by 2030, growing at a 14.40% CAGR.

As part of an automation program, a company can eliminate labour-intensive operations including repetitive physical labor and manual data entry and processing. Due to rising disposable income, mobile robot utilization is high in highly populated countries such as China, Japan, and India. Increased adoption of industrial IoT, urbanisation and e-commerce sales have all spurred growth in the global warehouse automation industry. The industry is likely to grow in the coming years as artificial intelligence and robotics are increasingly used in warehouse automation. On the other hand, a scarcity of skilled personnel and the mechanical challenges associated with warehouse automation would limit industrial growth. The growth of warehouse automation and the increased use of electronic devices are driving the warehouse automation industry. Furthermore, the growing use of Warehouse Automation in Warehouse Management Systems and the FMCG sector is expected to propel the market forward in the coming years. In the approaching years, factors such as a stronger concentration of OEMs and ODMs across industries, including consumers, and the Type of Solution in the APAC region will drive market expansion.

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 Warehouse Automation Market : Companies Mentioned

•  ABB Ltd.
•  ATS Global B.V.
•  Vanderlande Industries B.V.
•  Omron Corp.
•  FANUC Corp.
•  TGW Logistics Group GmbH
•  Honeywell International Inc.
•  Siemens AG
•  Kuka AG
•  Kion Group

Key Highlights of the Report

 Mobile robots as a form of solution led the Warehouse Automation market in 2021. Mobile robots differ from autonomous ground vehicles in terms of autonomy (AGVs). Mobile robots and collaborative picking arms for distribution centres (DCs) are growing, with well over a dozen robotics businesses vying for DC operators' business. Mobile robots are replacing AGVs in logistical applications. Unlike AGVs, mobile robots include onboard computers that include inertial measurement units (IMU), laser scanning range finders, 2D and 3D colour cameras, and motor controllers. In a plant or warehouse, such mobile robots do not require the installation of tracking strips. Furthermore, forklifts are anticipated to be progressively replaced by mobile robots.

•  General Merchandise, FMCG, and Others are examples of end-users for Warehouse Automation. The Warehouse Automation Market's FMCG industry is expected to have a substantially larger market share than the other end users in the category. Furthermore, future demand for Warehouse Automation is likely to be driven by increased customer demand for improved levels of comfort and security around the world. The key driver of the industry is consumer demand for security and comfort.

 North America is expected to have a large share of the market. The rise of eCommerce in the United States has resulted in an increase in robots in warehouses and distribution centers. The market has developed as a result of technological advancements that have made robots better and smaller, lowered costs, and a labor shortage in some regions. Larger companies with a big number of warehouses and distribution facilities also utilize acquisition strategies to reduce labor expenses and increase revenues. Amazon, for example, has over 200,000 mobile robots operating alongside hundreds of thousands of human workers in its warehouse network in the United States until 2020. This robot army has helped Amazon meet its ever-increasing promises of quick deliveries to Amazon Prime users.

•  The report contains qualitative and quantitative research on the global dietary supplement Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

By Type 
•  Conveyor/Sortation Systems
•  Automated Storage and Retrieval System (AS/RS)
•  Mobile Robots
•  Automatic Identification and Data Capture (AIDC)
•  Warehouse Management System (WMS)

By End User 
•  Spectrum General Merchandise
•  FMCG
•  Others

By Region
•  North America
o  U.S.
o  Canada
•  Europe 
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific 
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America 
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa 
o  UAE
o  South Africa
o  Rest of Middle East and Afr

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Warehouse Automation Market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

The Warehouse Automation Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Warehouse Automation Market Forecast Report 2022- 2030 - Order Now!

About Us

Business Intelligence Insights is the global provider of market intelligence, consultancy services, and syndicated & customized reports. We are focused on assisting business leaders and suppliers in making decisions by providing timely and insightful market research and consulting services. We offer global, and regional expertise in technology, industry, opportunities, trends, industry analysis, market data, and strategic guidance. Our analysis and insight help business professionals, executives, and investors make fact-based technology decisions and achieve their key business objectives. Our reports are featured distinct research approaches, rigorous methodologies, and comprehensive sector coverage.

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