Warehouse Automation Market Size to Reach USD 64,639 by 2030, According to Acumen Research & Consulting


Acumen Research and Consulting

Acumen Research and Consulting recently published a report titled “Warehouse Automation Market Size, Share, Regional Analysis Report and Forecast, 2022-2030”

TOKYO, June 19, 2022 (GLOBE NEWSWIRE) — The Global Warehouse Automation Market accounted for USD 18,937 million in 2021 and is expected to reach USD 64,639 million by 2030, with a significant CAGR of 14.8% from 2022 to 2030.

With the continued rise of e-commerce, the number and size of warehouses around the world are growing rapidly. Warehouse operators are increasingly turning to automation technologies to increase productivity and minimize processing times to keep up with this evolution. More than 80% of warehouses today lack any type of automation, indicating that robots have a lot of room to change the warehouse scenario. New alliances have formed as a result of this, to improve the organizations’ execution capabilities. For example, KNAPP and GEODIS recently announced a $52 million collaboration to develop a highly automated warehouse system, while Fetch Robotics and Körber recently unveiled a new case picking solution for distribution facilities that would improve safety and efficiency.

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Report cover:

Market

Warehouse Automation Market

Market size 2021

$18,937 million

Market Forecast 2030

$64,639 million

CAGR

14.8% from 2022 to 2030

Analysis period

2018 – 2030

base year

2021

Forecast data

2022 – 2030

Segments Covered

By Technology, By Industry Vertical, By Region

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Profiled Key Companies

ABB Ltd., Automation Tooling Systems, Amazon Robotics, Fetch Robotics, Inc., FANUC Corporation, Kuka AG, Locus Robotics, Honeywell International, Inc., SSI Schaefer AG, Omron Corporation and Yaskawa Electric Corporation, Inc.

Report cover

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis

Scope of customization

10 a.m. free customization and expert advice

Impact of COVID-19 on the Warehouse Automation Industry

One of the most immediate business impacts of the COVID-19 pandemic has been the consumer shift to online shopping, which has led to an explosion in demand for e-commerce warehousing and distribution services. Warehouses were grappling with their labor shortages, supply chain, and transportation issues as they struggled to meet increased demand, producing a host of ongoing challenges. Flexibility is essential for warehouses to survive in a rapidly changing and uncertain environment. Businesses have been forced to rethink and restructure their logistics operations in the wake of the pandemic. So, many people opt for warehouse automation systems.

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Growth factors of the global warehouse automation market

The growth of the warehouse automation industry is driven by the increasing adoption of IoT and robotics in warehouse management systems. The warehouse is the virtuous platform to launch Internet of Things projects and validate the perspectives of the technology. This is why there is a wide range of IoT applications and use cases. The benefits of implementing IoT in warehouse automation include increased transparency, better last-mile delivery, predictive maintenance, real-time product tracking, and increased employee productivity.

Many e-commerce and distribution giants have already implemented IoT solutions and robotic technologies in their warehouses. For example, Amazon recently opened a semi-automated warehouse where humans and robots work together. Basic tasks are delegated to technology, such as moving items and scanning barcodes. More than 400 robots and hundreds of humans work in Amazon’s automated warehouse.

Warehouse operators today are dealing with record order volumes while dealing with labor shortages at the warehouse. This, combined with the recent demand for contactless solutions due to the pandemic, has necessitated the deployment of automated robots in the warehouse. Autonomous mobile robots can not only increase warehouse efficiency, but also improve employee safety.

Segments of the global warehouse automation market

The warehouse automation market is divided into three categories: technology, vertical, and region. On the basis of technology, the market is categorized into automatic identification and data capture, automated storage and retrieval systems (ASRS), overhead systems, conveyors, AGV/AMR, MRO outings, order picking, palletizing and depalletizing, portal robots, sorting and WMS/WES/WCS. Based on our analysis, the outbound MRO segment has achieved significant market share in 2021. However, the AGV/AMR segment is likely to achieve considerable growth rate throughout the projected years 2022 – 2030.

Further, the industry vertical segment is categorized into e-commerce, 3PL, apparel, pharmacy, grocery, food & beverage, and general merchandise. The e-commerce industry is expected to be one of the important segments of the warehouse automation market. The warehouse of the future will have to respond to the announced boom in the rise of e-commerce while integrating margin gains. E-commerce is changing warehouse space in ways that go beyond simply extending old structures, just as it has imposed a new perspective on brick-and-mortar retail. From a logistical perspective, grocery is one of the most challenging and attractive industries. Grocery distribution center operations are among the most labor intensive of any industry. Thus, warehouse operators are increasingly focusing on this segment, thereby stimulating market demand.

Regional position of the warehouse automation market

North America, Latin America, Asia-Pacific, Europe, Middle East and Africa are the regional segments of the market. North America accounted for the largest market share during the projection period (2022-2030). One of the driving factors for the North American warehouse automation market is the growing popularity of robotics, IoT, artificial intelligence, and big data analytics in US warehouses. However, the Asia-Pacific region is expected to experience the fastest growth in the coming years. The strong growth in the region is attributed to growing population, booming e-commerce industry, and increasing manufacturing, transportation and logistics facilities.

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Main actors

The warehouse automation industry involves many key players. Key players profiled in the report are ABB Ltd., Automation Tooling Systems, Amazon Robotics, Fetch Robotics, Inc., FANUC Corporation, Kuka AG, Locus Robotics, Honeywell International, Inc., SSI Schaefer AG, Omron Corporation, and Yaskawa Electric. Company, Inc.

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About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of information and consulting services in the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals, and business executives make fact-based decisions about technology purchases and develop business growth strategies to compete in the marketplace . With a team of over 100 analysts and a collective industry experience of over 200 years, Acumen Research and Consulting ensures to provide a combination of industry knowledge with global and national level expertise.

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