Warehouse Automation Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Warehouse Automation Market Size By 2025?
Rapid growth has been witnessed in the warehouse automation market size in the past few years. The market which stood at $21.42 billion in 2024 is projected to increase to $23.92 billion in 2025, marking a compound annual growth rate (CAGR) of 11.6%. The expansion during the historic period can be attributed to factors such as the rise in e-commerce, labor shortages and their associated costs, complexity of the global supply chain, consumer demand for expedited delivery, and the need for efficient inventory management.

How Big Is the Warehouse Automation Market Size Expected to Grow by 2029?
The market size for warehouse automation is anticipated to witness swift expansion in the forthcoming years. It is projected to escalate to $41.27 billion by 2029, with a compound annual growth rate (CAGR) of 14.6%. Factors such as an increase in same-day and on-demand delivery, sustainability and green warehousing initiatives, as well as microfulfillment centers, contribute to the growth predicted during the forecast period. Key trends anticipated during this period consist of warehouse execution systems (WES), voice-activated and wearable technologies, automated systems for palletizing and depalletizing, real-time monitoring and analytics, along with sustainable and green warehouse solutions.

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Which Key Market Drivers Powering Warehouse Automation Market Expansion and Growth?
The growth in e-commerce sales is anticipated to fuel expansion in the warehouse automation market. As the logistical challenges of fulfilling increasing order volumes and last-mile delivery mount, warehouse automation swiftly emerges as a crucial advantage for retailers vying for dominance in the fiercely competitive e-grocery market. As an illustration, data from the United States Census Bureau, a US government agency, reveals that e-commerce estimates saw an increase of 8.5 percent in the first quarter of 2024 compared to the first quarter of 2023, while there was a 2.8 percent increase in total retail sales during the same timeframe. Hence, the growing e-commerce industry is predicted to amplify the warehouse automation market throughout the forecasted period.

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Which Fast-Growing Trends Are Poised to Disrupt the Warehouse Automation Market?
The trend of investing in storage activities is becoming more prevalent in the warehouse automation market. Companies within this sector are increasingly putting money into storage facilities to give their new product development activities a boost and to gain an upper hand over competitors by launching products that are technologically superior with enhanced functionality and performance. For example, Mytra, a warehouse robotics automation company based in the US, announced in July 2024 that they received funding of $78 million to resolve physical storage issues. Their goal is to transform warehouse logistics with a high-density, AI-powered automation solution for material storage and movement. This funding aids in the creation of a 3D lattice system adaptable to change and focused on optimising space and increasing efficiency by lessening reliance on traditional conveyor systems. Mytra's smart robotic system tackles the intricate issues of "material flow," allowing companies to adjust to changes in layout and demand without facing high costs.

What Are the Emerging Segments in the Warehouse Automation Market?
The warehouse automationmarket 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, Healthcare, 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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Who Are the Global Leaders in the Warehouse Automation Market?
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

Which are the Top Profitable Regional Markets for the Warehouse Automation Industry?
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.

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