Warehouse Automation Market growing at a CAGR of 15.3% & Industry to reach $57.6 billion By 2031

The warehouse automation market was valued at $13.6 billion in 2021 and is projected to reach $57.6 billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031. Warehouse automation involves using machines, robots, and software to streamline the movement and storage of goods within warehouses, reducing human intervention, and increasing efficiency.

Download PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/A17070

Market Drivers

The rapid increase in the global population, expected to exceed 9.5 billion by 2050, is significantly driving demand for various products. This surge has strained traditional warehouse operations, which are slow, prone to human errors, and costly. Warehouse automation addresses these issues by enhancing productivity, minimizing errors, and lowering operational costs. Additionally, software solutions play a crucial role in managing and executing orders more effectively.

E-commerce Boom

The exponential growth of the e-commerce sector, accelerated by the COVID-19 pandemic, has significantly boosted the warehouse automation market. Lockdowns led to a surge in online sales, highlighting the need for automated warehouses to handle increased order volumes efficiently. Furthermore, the rising geriatric population and the prevalence of diseases have spiked demand for pharmaceuticals, which rely heavily on automated cold storage and warehouses.

Buy This Report: https://www.alliedmarketresearch.com/checkout-final/6a7a6f111f7da9ab8044c5af1708d2ec

Industry Applications

Warehouse automation is pivotal in industries such as automotive, textiles, food and beverages, and manufacturing, where large inventories need efficient storage. The rise in disposable income has fueled demand in these sectors, further propelling the need for automated solutions.

Innovations and Partnerships

Major players in the warehouse automation market continuously innovate to maintain a competitive edge. For instance, in September 2021, Honeywell International Inc. introduced a smart depalletizing robot, enhancing the automation of manual processes in warehouses. Companies also form strategic partnerships to offer more comprehensive and innovative products and services.

Impact of COVID-19

The COVID-19 pandemic initially disrupted the production of warehouse automation components due to lockdowns and economic slowdowns. However, the surge in e-commerce prevented a steep decline in the market. With the introduction of vaccines and a significant reduction in COVID-19 cases by mid-2022, warehouse automation providers resumed operations at full capacity. Many companies have shown notable recovery signs, marking a rebound in the market.

Technological Advancements

Advancements in material handling devices and robots are expected to create lucrative opportunities for market growth. Enhanced technologies improve efficiency and productivity in warehouses, driving the adoption of automation solutions.

Market Segmentation

The warehouse automation market is segmented by component, application, end-user industry, and region:

By Component: The market is bifurcated into hardware and software.
By Application: It includes automotive, food and beverage, e-commerce, pharmaceuticals, and others.
By End-User Industry: It is divided into retailers and manufacturers and distributors.
By Region: The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America held the largest share in 2021, while Asia-Pacific is anticipated to grow at the highest CAGR due to rapid economic growth.
Competitive Landscape

Full Report With TOC: https://www.alliedmarketresearch.com/warehouse-automation-market-A17070

Key players in the warehouse automation market include ABB Ltd., Amazon.com Inc. (Amazon Robotics), ATMOS, Bastian Solutions LLC, Daifuku Co Ltd., Dorabot, Fanuc Corporation, Honeywell International Inc., Jungheinrich AG, KION GROUP (DEMATIC), Kuka AG, Omron Corporation, Schneider Electric, Siemens AG, SSI-Schaefer, Yaskawa Electric Corp, and Zebra Technologies Corporation (Fetch Robotics, Inc.).

Key Benefits for Stakeholders

This report provides a comprehensive analysis of market segments, current trends, and dynamics from 2021 to 2031, identifying prevailing opportunities. It includes Porter's five forces analysis to help stakeholders make informed business decisions. The report also maps major countries according to their revenue contribution and provides insights into market player positioning, offering a clear understanding of the competitive landscape.

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Allied Market Research:

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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

This release was published on openPR.