Warehouse automation refers to the use of various technologies and systems to automate and streamline the processes involved in managing and operating a warehouse or distribution center. These technologies typically involve a combination of hardware and software solutions designed to improve efficiency, accuracy and productivity in tasks such as inventory management, order picking, packing, sorting and shipping.
The warehouse automation market consists of sales, by entities (organizations, sole traders and partnerships), of products, services and solutions that are used to automate warehouse operations.
The global warehouse automation market was valued at $12,610.2 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 8.0%.
Growth In The E-Commerce Sector
The growth of the e-commerce sector drove the growth of the warehouse automation market during the historic period. The e-commerce sector refers to the industry encompassing businesses that are involved in buying and selling goods and services online. It includes a wide range of players, from small online retailers to multinational corporations, as well as various supporting services and technologies.
The growth of the e-commerce sector is due to technological advancements, changing consumer behavior and increasing globalization. Warehouse automation plays a crucial role in the e-commerce sector, by enhancing operational efficiency, improving order accuracy, reducing costs and meeting the demands of an increasingly competitive market. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales in the USA were $1,118.7 billion in 2023, an increase of 7.6% from 2022. Therefore, growth in the e-commerce sector drove the growth of the warehouse automation market.
Launch Of New Robotics And Warehouse Automation Brands
Companies in the warehouse automation market are developing new brands in the market to strengthen their position in the market. For example, in September 2023, Stow Group, a Belgium-based company, specializing in designing, manufacturing and installing top-tier warehouse solutions, launched Movu Robotics, a new robotics and warehouse automation brand. Movu Robotics offers a comprehensive range of automated technologies, tailored for efficient warehouse management. This includes Movu atlas, a pallet shuttle system designed for multiple deep storages; Movu follow, an autonomous mobile robot (AMR) solution for collaborative picking and pallet transport; Movu escala, a robotized 3D storage and fulfillment system; and Movu Sligo, an integrated picking robot arm.
The global warehouse automation market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 50.4% of the total market in 2022.
Warehouse Automation Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global warehouse automation market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for warehouse automation? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The warehouse automation market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider warehouse automation market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by component, by function and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the warehouse automation market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by component, by function and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies -Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for warehouse automation providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: MRO Services; Automated Guided Vehicles (AGVS) and Autonomous Mobile Robots (AMRS); Storage Systems; Picking Systems; Conveyor/Sortation Systems; Warehouse Management Systems (WMS); Palletizing And Depalletizing; Automatic Identification And Data Capture (AIDC); Overhead Systems
- 2) By Component: Hardware; Software
- 3) By Function: Inbound; Picking; Outbound
- 4) By End-User: E-Commerce; General Merchandise; Healthcare; FMCG/Non-Durable Goods; Other End Users
- Companies Mentioned: Honeywell International Inc.; Kion Group (Dematic); Symbotic; Korber; TGW Logistics
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; warehouse automation indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.