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Growing Demand From E-Commerce Spurs Expansion Of Warehouse Automation Market: Key Factor Driving The Growth In The Warehouse Automation Market
Warehouse Automation
How Big Is the Warehouse Automation Market Size Expected to Be by 2034?
Rapid expansion has been observed in the warehouse automation market size in the last few years. There's an estimated growth from $21.42 billion in 2024 to $24.09 billion in 2025, marking a compound annual growth rate (CAGR) of 12.4%. The historical period's growth is attributable to factors such as the development within e-commerce, rising labor expenses and shortages, complex global supply chains, customer expectations for swifter delivery, and improved efficiency in inventory management.
In the coming years, the warehouse automation market size is set to witness considerable expansion. With a compound annual growth rate (CAGR) of 15.1%, it is poised to reach up to $42.25 billion by 2029. The factors contributing to this project growth within the forecast period are increases in same-day and on-demand delivery, conscious efforts towards sustainability and green warehousing, along with the rise of microfulfillment centers. In the forecast period, the industry is expected to welcome key trends such as the implementation of warehouse execution systems (WES), voice-controlled and wearable technologies, automatic palletizing and depalletizing systems, instant tracking through monitoring and analytics, and eco-friendly warehouse solutions.
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What Are the Emerging Segments Within the Warehouse Automation Market?
The warehouse automation market covered in this report is segmented -
1) By Type: Conveyor Or Sortation Systems, Automated Storage And Retrieval Systems (AS Or RS), Mobile Robots, Warehouse Management Systems (WMS), Automatic Identification And Data Capture (AIDC)
2) By Component: Hardware, Software
3) By Function: Inbound, Picking, Outbound
4) By End User: General Merchandise, HealTH*Care, FMCG Or Non-Durable Goods, Other End Users
Subsegments:
1) By Conveyor Or Sortation Systems: Belt Conveyors, Roller Conveyors, Sortation Systems
2) By Automated Storage And Retrieval Systems (AS Or RS): Unit Load AS Or RS, Mini-Load AS Or RS, Automated Tote and Bin Systems
3) By Mobile Robots: Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs)
4) By Warehouse Management Systems (WMS): Cloud-based WMS, On-premise WMS
5) By Automatic Identification and Data Capture (AIDC): Barcode Scanners, RFID Systems, Voice Recognition Systems
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What Long-Term Drivers Are Shaping Warehouse Automation Market Trends?
The growth of the warehouse automation market is expected to be fueled by the increase in e-commerce sales. As retailers grapple with the expansion in order volumes and last-mile delivery requirements, warehouse automation rapidly becomes a pivotal strategy for gaining a competitive edge, especially in the aggressive e-grocery market. For example, the first quarter of 2024 witnessed an 8.5 percent increase in e-commerce from 2023's first quarter, as indicated by the United States Census Bureau, a government agency in the US. Concurrently, total retail sales saw a rise of 2.8 percent within the same timeframe. Hence, the acceleration in the e-commerce industry is anticipated to propel the warehouse automation market in the upcoming period.
Who Are the Top Competitors in Key Warehouse Automation Market Segments?
Major companies operating in the warehouse automation market include Viastore Systems Inc., ABB Ltd., Toyota Industries Corporation, Kion Group AG, Omron Corporation, Daifuku Co Ltd., Yaskawa Electric Corp Inc., KUKA Group, Schaefer Systems International Pvt Ltd., Honeywell Intelligrated Systems Inc., KNAPP Group, Vanderlande Industries BV, SSI Schaefer AG, Material Handling Systems Inc., WITRON Logistik + Informatik GmbH, Mecalux SA, Beumer Group, TGW Logistics Group, Swisslog Holding, Interroll Group, Bastian Solutions LLC, Kardex Group, Grenzebach Group, System Logistics SpA, Locus Robotics, Murata Machinery Ltd., Kardex Remstar LLC, Godrej Koerber Supply Chain Limited, Space Magnum Equipments Pvt Ltd., Fives Group
What Warehouse Automation Market Trends Are Gaining Traction Across Different Segments?
The increasing investment in storage activities is a prominent trend in the warehouse automation market. Companies in this sector are progressively financing storage facilities to expedite new product development and establish a competitive advantage via the introduction of technologically superior products with enhanced operational features and performance. An example of this trend is Mytra, a US-based warehouse robotics automation company, which procured $78 million funding in July 2024 to tackle physical storage issues. Mytra aims to transform warehouse logistics by introducing a sophisticated, AI-powered solution for material storage and motion. The funding aids in the creation of a versatile 3D lattice system that maximizes space utilization and boosts efficiency by minimizing reliance on old-fashioned conveyor systems. By deploying its smart robotic system, Mytra can navigate the intricate challenges of "material flow", enabling companies to easily acclimate to changes in arrangement and demand without bearing excessive costs.
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Which Regions Are Becoming Hubs for Warehouse Automation Market Innovation?
North America was the largest region in the warehouse automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the warehouse automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Warehouse Automation Market?
2. What is the CAGR expected in the Warehouse Automation Market?
3. What Are the Key Innovations Transforming the Warehouse Automation Industry?
4. Which Region Is Leading the Warehouse Automation Market?
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