The global warehouse automation market size is expected to reach USD 30.69 billion by 2028 according to a new study by Polaris Market Research. The report “Warehouse Automation Market Share, Size, Trends, Industry Analysis Report, By Application (E-commerce, Grocery, Apparel, Food & Beverage, Pharma); By Type; By Technology; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major factors accountable for the industry growth include the rise in focus towards the integration of advanced technologies and penetration of robotics systems, the surging need for computerized and robotics technologies to replace extensive manual labor, and significant steps undertaken by the various government and parent organizations towards smart infrastructure development.
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North America is accounting for the leading position in terms of industry share across the world, due to the growing adoption of e-commerce platforms and rising government support related to industrial robotics in the region. Whereas Asia Pacific is projected to register the highest growth due to increasing construction of smart retail projects, rising government initiatives for promoting the technological advancements in storage automation solutions, and growing manufacturing facilities in developing countries such as China and India.
Major Participants such as Schaefer Systems International Pvt Ltd, Armstrong Ltd., Daifuku India Private Limited, GreyOrange, Falcon Autotech Private Limited, KNAPP Group, Addverb Technologies Private Limited, Hinditron Group, Bastian Solution Private Limited, Honeywell International, The Hi-Tech Robotic Systemz Limited, Kardex India Storage Solutions Private Limited, Kion Group, KUKA Group, Muratec, Richfield Automation Ltd, Space Magnum Equipment, and Godrej Consoveyo Logistics Automation Ltd. are some of the key players operating in the global industry.
Several market vendors are often backing to opt for varied marketing strategies to expand their business operations globally. For instance, in September 2021, Stow Group acquired Raiser Robotics to create a storage robotics unit. Similarly, DS Smith invested in the robot workforce to promote digitalization at the largest paper mill located in the UK and adopt automated guided vehicles (AGVs). Such initiatives will drastically contribute towards the higher growth of the global market.
Polaris Market Research has segmented the warehouse automation market report on the basis of type, technology, application, and region:
Warehouse Automation, Type Outlook (Revenue, USD Billion, 2016 – 2028)
- Basic Warehouse
- Warehouse System
- Mechanized Warehouse
- Advanced Warehouse
Warehouse Automation, Technology Outlook (Revenue, USD Billion, 2016 – 2028)
- Automated Storage and Retrieval Systems (AS/RS)
- Automatic Guided Vehicles (AGVs)
- Autonomous Mobile Robots (AMRs)
- Voice Picking and Tasking
- Automated Sortation Systems
Warehouse Automation, Application Outlook (Revenue, USD Billion, 2016 – 2028)
- Food & Beverage
Warehouse Automation, Regional Outlook (Revenue, USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa