NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The
global warehouse automation market size is
expected to reach USD 30.69 billion
by 2028 according to a new study conducted by Polaris
Market Research. the market is anticipated to register a CAGR
of 14.2% from 2021 – 2028. The growth of the global
market is primarily driven by the increasing adoption of automation
and robotics in different end-user industries with the support of
continuous development in the field of technology. Additionally,
increasing incidences of accidents in industrial workplaces are
among the major factor that drives significant growth for the
market. Moreover, rising government programs focused on industrial
automation technology and increasing R&D investments further
complement the market growth.
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Key Highlights of Warehouse Automation Market
- In terms of technology, the Automated Storage and
Retrieval System (AS/RS) emerged as the most prominent segment
and accounted for the largest market share. The AS/RS system
primarily provides extraordinary benefits to warehouse
managers, such as cutting labor and energy expenses
while also encouraging space utilization and avoiding product
damage.
- Based on application, the e-commerce segment
dominated the warehouse automation market, owing to the
increased vendor knowledge of the robotics of various parts of
e-commerce fulfillment, there has been widespread application
of warehouse automation in e-commerce facilities.
- Honeywell will establish an advanced warehouse
automation R&D facility in the Czech Republic. Honeywell is establishing
Central and Eastern Europe as a
key warehouse automation hub with the opening of a new development
site, which will allow enterprises throughout the continent to
test, prototype, and train clients on Honeywell's cutting-edge
material handling hardware and software solutions.
- DSV, a transport and logistics company, plans to make
warehouse automation more accessible to businesses of all
sizes. DSV will invest in 20 automated fulfillment
centers across North America,
Europe, and the Asia Pacific. DSV will be able to offer
warehouse automation to various sized businesses, including B2C and
B2B, thanks to the large-scale multi-user facilities.
Regional Developments
The Asia Pacific region's
market is expected to grow significantly throughout the forecast
period, owing to rapid industrial development, a developing
automotive industry, and a demand for improved material handling
solutions in the region. Furthermore, the rising consumer products
manufacturing industry in countries such as India, Japan,
Korea, and China is expected to
drive warehouse automation market expansion. The market in
North America is expected to
obtain the highest market share over the projection period, owing
to the increased adoption of robots and automation technologies, as
well as higher labor costs in the region.
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Competitive Outlook
Warehouse automation businesses are constantly innovating to
make supply chains and logistics a vital part of global e-commerce.
As transportation costs continue to reduce, the origin of
manufacturing remains important for the majority of products. As a
result, we will see a continuous emphasis on increasing openness
and automation in supply chains. The pandemic's influence on the
warehouse business will have long-term consequences for the
industrial sector. Concerns about worker safety, as well as the
need to keep up with the boom in e-commerce orders, highlighted the
need for increasing warehouse automation. Schaefer Systems
International Pvt Ltd, Armstrong Ltd., Daifuku India Private
Limited, GreyOrange, Falcon Autotech Private Limited, KNAPP Group,
Addverb Technologies Private Limited, Hinditron Group, Bastian
Solution Private Limited, Honeywell International, The Hi-Tech
Robotic Systemz Limited, Kardex India Storage Solutions Private
Limited, Kion Group, KUKA Group, Muratec, Richfield Automation Ltd,
Space Magnum Equipment, and Godrej Consoveyo Logistics Automation
Ltd. are some of the key players operating in the global
industry.
Target Audience
- Supply Side: Automation Solutions Provider
- Demand Side: Apparel Industry, Ecommerce
Sector
- Regulatory Side: Warehousing Development and
Regulatory Authority
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Polaris Market Research has segmented the warehouse
automation market report on the basis of type, technology,
application, and region:
Warehouse Automation, Type Outlook (Revenue, USD Billion,
2016 – 2028)
- Basic Warehouse
- Warehouse System
- Mechanized Warehouse
- Advanced Warehouse
Warehouse Automation, Technology Outlook (Revenue, USD
Billion, 2016 – 2028)
- Automated Storage and Retrieval Systems (AS/RS)
- Automatic Guided Vehicles (AGVs)
- Autonomous Mobile Robots (AMRs)
- Voice Picking and Tasking
- Automated Sortation Systems
- Others
Warehouse Automation, Application Outlook (Revenue, USD
Billion, 2016 – 2028)
- E-commerce
- Grocery
- Apparel
- Food & Beverage
- Pharmaceutical
Warehouse Automation, Regional Outlook (Revenue, USD Billion,
2016 – 2028)
- North America
-
- Europe
-
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
-
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
-
- Middle East & Africa
-
- UAE
- Saudi Arabia
- Israel
- South Africa
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SOURCE Polaris Market Research