Micro Fulfillment Market Set to Explode | at 44.8% CAGR Amid Rising Demand for Faster Urban Deliveries by 2031

According to the report published by Allied Market Research, the global micro fulfillment market was estimated at $2.1 billion in 2021 and is expected to hit $88.3 billion by 2031, registering a CAGR of 44.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Disrupted supply chain and several restrictions on manufacturing activities impacted the micro fulfillment market negatively, especially during the initial period.
However, as the global situation started getting back on track, the market for micro fulfillment also gained traction at a slow & steady pace.
The global micro fulfillment market is analyzed across end-use industry, component, application, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on end user industry, the manufacturers and distributors segment accounted for more than three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The retailers segment, simultaneously, would cite the fastest CAGR of 45.1% throughout the forecast period.

Based on component, the material handling segment held more than two-thirds of the total market revenue in 2021, and is expected to dominate by 2031. The control systems segment, however, would cite the fastest CAGR of 45.1% throughout the forecast period.

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Based on application, the merchandise segment contributed to more than three-fifths of the global micro fulfillment market revenue in 2021, and is expected to dominate by 2031. The grocery segment, on the other hand, would showcase the fastest CAGR of 45.1% throughout the forecast period.

Based on region, the market across North America generated nearly half of the total market revenue in 2021, and is anticipated to retain the lion's share by 2031. The Asia-Pacific region, however, would showcase the fastest CAGR of 45.7% during the forecast period. The other regions studied in the report include LAMEA and Europe.

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Leading Players:

The key market players analyzed in the global micro fulfillment market report include Alert Innovation, Inc., Bastian Solutions, LLC, Flowspace, Fortna Inc., Honeywell International Inc, Instacart, HÖRMANN Group (HÖRMANN Logistik), KION GROUP AG (Dematic), Ahold Delhaize, KPI Integrated Solutions, LOCAD, OPEX, PACK & SEND Holdings Pty Ltd, Pacline Overhead Conveyors, Swisslog, Davinci Micro Fulfillment, and The Kroger Company.

These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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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