Press release
Warehouse Automation Market To Grow At CAGR of 15.3% And Reach $57.6 Billion by 2031 [310 Pages Report]
According to a new report published by Allied Market Research, titled, "Warehouse Automation Market," The warehouse automation market size was valued at $13.6 billion in 2021, and is estimated to reach $57.6 billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031.
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The growing e-commerce industry is driving the growth of the warehouse automation market. Increased demand for faster delivery of products and better inventory management is driving the need for automated warehouses. Additionally, the emergence of AI-based technologies is helping businesses reduce costs, automate processes, and improve accuracy.
The growing demand for inventory management solutions is driving the growth of the warehouse automation market. Automated warehouses provide a comprehensive view of the inventory levels of a business, enabling them to make decisions based on real-time data. This helps to reduce costs and increase productivity.
In addition, the rising demand for automated storage solutions is driving the growth of the warehouse automation market. Automated storage solutions provide businesses with an efficient way to store and retrieve products, helping to reduce costs and increase efficiency. Furthermore, the increasing adoption of automated picking solutions is driving the growth of the warehouse automation market. Automated picking solutions enable businesses to pick and store products more quickly, reduce labor costs, and improve accuracy.
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The increasing number of warehouses and the growing demand for warehouse automation is driving the growth of the global market. The increasing adoption of robotic process automation (RPA) is also driving the growth of the warehouse automation market. RPA enables businesses to automate mundane tasks and reduce labor costs.
The global warehouse automation market is highly competitive, with a number of players vying for market share. The leading players in the market are Amazon Robotics, Honeywell International, Kiva Systems, Siemens AG, and Daifuku Co., Ltd. These companies are investing heavily in research and development to stay ahead of the competition.
In conclusion, the global warehouse automation market is expected to grow at a CAGR of 14.7% over the forecast period. The growing demand for faster delivery of products, improved inventory management, and automated storage solutions is driving the growth of the market. Additionally, the increasing adoption of robotic process automation (RPA) is also contributing to the growth of the market. The leading players in the market are Amazon Robotics, Honeywell International, Kiva Systems, Siemens AG, and Daifuku Co., Ltd.
Download Free Sample PDF Now With Updated & Valuable Insights (310 Pages) https://www.alliedmarketresearch.com/request-sample/17458
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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