BANGALORE, India, June 15, 2023 /PRNewswire/ -- The Warehouse Automation Market is Segmented by Component (Hardware, Software), by Application (Automotive, Food and beverage, E-Commerce, Pharmaceutical, Others), by End User Industry (Retailers, Manufacturers and distributors): Global Opportunity Analysis and Industry Forecast 2022 - 2031.
The global warehouse automation market size was valued at USD 13.6 Billion in 2021 and is projected to reach USD 57.6 Billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031.
Major factors driving the Growth of Warehouse Automation Market:
The demand for many items is rising significantly as a result of population growth. For better administration, businesses store and organize their raw material, intermediate, and finished goods inventories in a warehouse. With fewer human mistakes, warehouse automation has increased warehouse productivity and efficiency. This factor is expected to drive the growth of the Warehouse Automation Market.
Additionally, a smaller human staff results in lower operational costs. For improved administration and order execution in warehouses, the software is frequently utilized in conjunction with machinery. This will further drive the growth of the Warehouse Automation Market.
Download Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-0R88/Warehouse_Automation_Market
TRENDS INFLUENCING THE GROWTH OF WAREHOUSE AUTOMATION MARKET:
Due to the ease and wide selection of goods offered through online channels, the e-commerce industry is expanding at an exponential rate. Sales in the e-commerce industry increased dramatically during the lockdowns brought on by the COVID-19 epidemic. The market for warehouse automation has benefited from this. Increased use of warehouse automation technologies is necessary to meet customer demands in e-commerce while limiting costs and operational complexity. Online shopping is, at its core, a logistics business that improves margins by cutting costs associated with inventory control, order fulfillment, and delivery. This is expected to drive the growth of the Warehouse Automation Market.
The demand for medicines has also increased as a result of an increase in the number of elderly populations and illnesses. The demand for warehouse automation is likely to rise since the pharmaceutical sector employs cold storage and warehouses extensively. Increased disposable income has also increased demand in sectors including manufacturing, textile, food & beverage, and automobile. For the storage of their vast stock, many businesses utilize warehouses extensively. Therefore, it is anticipated that the growth of these sectors would support the warehouse automation sector. This is expected to drive the growth of the Warehouse Automation Market.
Automation increases operational efficiency and minimizes labor-intensive activities in the warehouse. Due to rising labor costs and a lack of qualified workers in some regions, businesses are turning to automation to streamline their warehouse operations and reduce their reliance on physical labor. Automation speeds up, improves accuracy, and eliminates mistakes in a variety of processes, including picking, sorting packaging, and inventory management. This is expected to drive the growth of the Warehouse Automation Market.
To increase efficiency, accuracy, and overall speed, businesses are putting more and more emphasis on supply chain optimization. Better visibility and control over inventory, shorter lead times, and improved supply chain efficiency are all made possible by warehouse automation solutions, which include automated material handling equipment, real-time tracking technology, and inventory management systems. This is expected to drive the growth of the Warehouse Automation Market.
Vertical lift modules (VLMs) and automated guided vehicles (AGVs), two warehouse automation technologies, aid in maximizing the utilization of available space. These technologies help businesses to maximize their storage capacity and lessen the demand for larger warehouse facilities by efficiently using vertical space and enabling compact storage and retrieval of items. Today's consumers demand personalized items and quicker deliveries. Companies may satisfy these needs by using warehouse automation, which streamlines the order picking, sorting, and packaging procedures. To deliver orders accurately and on time, automation systems can manage large volumes of orders, which increases customer satisfaction and loyalty. This is expected to drive the growth of the Warehouse Automation Market.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0R88/warehouse-automation
WAREHOUSE AUTOMATION INDUSTRY SHARE
Based on region, North America is expected to be the largest market throughout the forecast period.
Throughout the research, the hardware sector is anticipated to keep the bulk of its market share.
E-commerce was in the lead in 2021 and would hold that position throughout the research period while expanding at a sizable CAGR.
Download Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0R88/Warehouse_Automation_Market
Key Companies:
- ABB Ltd
- Amazon Robotics
- Atmos
- Bastian Solutions LLC
- Daifuku
- Dorabot, Fanuc Corporation
- Fetch Robotics Inc.
- Honeywell International Inc
- Jungheinrich AG
- KION Group (Dematic)
- KuKa Ag
- Ssi Schaefer
- Omron Corporation
- Schneider Electric
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-0R88&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
-Warehouse Drums and Barrels Industry
-IoT Warehouse Management Service Market
-Data Warehouse as a Service (DWaaS) market was valued at USD 1505.6 million in 2022 and is anticipated to reach USD 3218.6 million by 2029, witnessing a CAGR of 13.5% during the forecast period 2023-2029.
-Live Pallet Racking Systems Market
- The global supply chain management market was valued at USD 27.2 Billion in 2022, and is projected to reach USD 75.6 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
-Warehouse Commercial Dehumidifier Market
-Push Back Pallet Racking Systems Market
-IoT Platforms market size is projected to reach USD 20720 million by 2028, from USD 4574.3 million in 2021, at a CAGR of 23.8% during 2022-2028.
- The global data warehousing market size was valued at USD 21.18 Billion in 2019, and is projected to reach USD 51.18 Billion by 2028, growing at a CAGR of 10.7% from 2020 to 2028.
- The Global Warehouse Management Systems Market Size was valued at USD 2.4 Billion in 2020, and is projected to reach USD 10.6 Billion by 2030, growing at a CAGR of 16.3% from 2021 to 2030.
-Food Warehouse Automation Market
-Storage and Warehouse Leasing Market
-Refrigeration Systems for Refrigerated Warehouse Market
-Robotic Warehouse Automation Market
-Logistics and Warehouse Robots Market
-Cloud Data Warehouse Market
-Cold Storage Management Software Market
-3PL Software Market
-Manufacturing Execution System (MES) market size is estimated to be worth USD 12550 Million in 2022 and is forecast to a readjusted size of USD 19270 Million by 2028 with a CAGR of 7.4% during the review period.
- The global logistics market size is valued at USD 7641.20 billion in 2017 and is projected to reach USD 12975.64 billion by 2027 registering a CAGR of 6.5% from 2020 to 2027.
-3rd party logistics market was valued at USD 1027.71 billion in 2019 and is projected to reach USD 1789.94 billion by 2027 registering a CAGR of 7.1% from 2020 to 2027.
- The global logistics automation market was valued at USD 49.7 billion in 2020, and is projected to reach USD 147.4 billion by 2030, growing at a CAGR of 11.9% from 2021 to 2030.
-Cold Storage Management Software Market
- The global Digital Logistics market size is projected to reach USD 22170 million by 2028, from USD 10230 million in 2021, at a CAGR of 11.5% during 2022-2028.
-Food Warehouse Automation Market
-Data Warehouse Automation Software Market
-Piece Picking Robots for Warehouse Automation Market
-Warehouse Automation Solutions Market
-Cold Storage Management Software Market
-Warehouse Automation Data Control Software and Systems Market
-Warehouse Automation and Integration Market
-Warehouse Automation and Control Market
-In-plant Logistics Automation market is projected to reach USD 44000 million by 2028 from an estimated USD 18830 million in 2022, at a CAGR of 15.2% during 2023 and 2028.
-Cold Storage Management Software Market
Click here to see related reports on Warehouse automation market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
https://reports.valuates.com/sitemap/html/reports/897
https://reports.valuates.com/sitemap/html/reports/898
https://reports.valuates.com/sitemap/html/reports/899
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/warehouse-automation-market-size-to-grow-usd-57-6-billion-by-2031-at-a-cagr-of-15-3--valuates-reports-301852218.html
