Press release
Warehouse Automation Market Size to surpass 11%+ CAGR up to 2028| Dematic Group (Kion Group AG), Daifuku Co. Limited, Swisslog Holding AG (KUKA AG), Jungheinrich AG, Honeywell Intelligrated, ABB
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The global Warehouse Automation market is valued at US$ 22.5 Bn in 2021 and is expected to grow at a CAGR of 11.8% over the forecast period of 2022-2028.
Leading Companies and Market Players
Dematic Group (Kion Group AG), Daifuku Co. Limited, Swisslog Holding AG (KUKA AG), Jungheinrich AG, Honeywell Intelligrated (Honeywell International Inc.), Omron Corporation, Siemens AG, Zebra Technologies Corporation, Schneider Electric,Jungheinrich AG, Bastian Solutions LLC, ABB.
Market Scope & Overview:
The global Warehouse Automation market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global Warehouse Automation market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.
The global Warehouse Automation market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact:
The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies:
By Component:
Hardware
Mobile Robots (AGV, AMR)
Automated Storage and Retrieval Systems (AS/RS)
Automated Conveyor & Sorting Systems
De-palletizing/Palletizing Systems
Automatic Identification and Data Collection (AIDC)
Piece Picking Robots
Software
Warehouse Management Systems (WMS)
Warehouse Execution Systems (WES)
Services
Value Added Services
Maintenance
By End Use:
Food and Beverage
Post and Parcel
Retail
Apparel
Automotive
E-Commerce
Pharmaceutical
Manufacturing
Durable Goods
Non-Durable Goods
Questions And Answers: Global Warehouse Automation Market
Q1. What is the CAGR that the Warehouse Automation Market is expected to register through the projected duration?
Answer: The Warehouse Automation Market is likely to register a CAGR of 11.8% over the forecast period.
Q2. Which Are the Key Players in Global Warehouse Automation Market?
Answer: Dematic Group (Kion Group AG), Daifuku Co. Limited, Swisslog Holding AG (KUKA AG), Jungheinrich AG, Honeywell Intelligrated (Honeywell International Inc.), Omron Corporation, Siemens AG, Zebra Technologies Corporation, Schneider Electric,Jungheinrich AG, Bastian Solutions LLC, ABB.
For more details on this report @ https://www.marketstudyreport.com/reports/global-warehouse-automation-market-analysis-and-forecast-2022-2028
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