Warehouse Automation Market Size to Reach USD 64,639 by 2030 Says Acumen


Acumen Research and Consulting

Acumen Research and Consulting

Acumen Research and Consulting recently published report titled “Warehouse Automation Market Size, Share, Analysis Report and Region Forecast, 2022 – 2030”

TOKYO, June 19, 2022 (GLOBE NEWSWIRE) — The Global Warehouse Automation Market accounted for USD 18,937 Mn in 2021 and is estimated to reach USD 64,639 Mn by 2030, with a significant CAGR of 14.8% from 2022 to 2030.

With the continuous rise of e-commerce, the number and size of warehouses globally are rapidly increasing. Warehouse operators are increasingly looking to automation technologies to boost productivity and minimize time-to-handle in order to stay up with this development. More than 80% of warehouses today lack any type of automation, indicating that robots have a lot of room to change the warehouse scenario. New alliances have formed as a result of this, to improve organizations’ fulfillment capabilities. For example, KNAPP and GEODIS recently announced a US$ 52 million collaboration to develop a highly automated warehouse system, while Fetch Robotics and Körber recently revealed a new case picking solution for distribution facilities that would improve safety and efficiency.

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https://www.acumenresearchandconsulting.com/request-sample/2947

Report Coverage:

Market

Warehouse Automation Market

Market Size 2021

USD 18,937 Mn

Market Forecast 2030

USD 64,639 Mn

CAGR

14.8% During 2022 – 2030

Analysis Period

2018 – 2030

Base Year

2021

Forecast Data

2022 – 2030

Segments Covered

By Technology, By Industry Vertical, By Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Key Companies Profiled

ABB Ltd., Automation Tooling Systems, Amazon Robotics, Fetch Robotics, Inc., FANUC Corporation, Kuka AG, Locus Robotics, Honeywell International, Inc., SSI Schaefer AG, Omron Corporation, and Yaskawa Electric Corporation, Inc.

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Customization Scope

10 hrs of free customization and expert consultation

COVID-19 Impact on the Warehouse Automation Industry

Consumers’ shift to online purchasing, which resulted in a boom in demand for e-commerce warehouse and distribution services, was one of the most immediate business repercussions of the COVID-19 pandemic. Warehouses were grappling with their labor shortages, supply chain, and transportation concerns as they struggled to keep up with increased demand, producing a slew of continuous challenges. Flexibility is essential for warehouses to survive in a fast-changing and uncertain environment. Companies have been forced to rethink and restructure their logistics operations as a result of the pandemic. Thus, many people are opting for warehouse automation systems.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/warehouse-automation-market

Global Warehouse Automation Market Growth Factors

The growth of the warehouse automation industry is driven by the surging adoption of IoT and robotics in warehouse management systems. The warehouse is the righteous platform for launching Internet of Things projects and validating the prospects of the technology. That’s why there’s a wide range of IoT applications and use cases. The benefits of implementing IoT in warehouse automation include increased transparency, improved last-mile delivery, predictive maintenance, real-time product tracking, and higher employee productivity.

Many e-commerce and retail giants have already implemented IoT solutions and robotics technologies in their warehouses. For instance, Amazon recently opened a semi-automated warehouse where humans and robots work together. Basic jobs are delegated to technology, such as moving items and scanning barcodes. Over 400 robots and hundreds of humans work in Amazon’s automated warehouse.

Today’s warehouse operators must deal with record order volumes while also dealing with a labor shortage at the warehouse. This combined with the recent demand for contact-free solutions because of the pandemic has necessitated the deployment of automated robots in the warehouse. Autonomous mobile robots can not only increase warehouse efficiency but can also improve employee safety.

Global Warehouse Automation Market Segments

The warehouse automation market is divided into three categories: technology, industry vertical, and region. Based on technology, the market is categorized into an automatic identification and data capture, automated storage and retrieval systems (ASRS), overhead systems, conveyors, AGV/AMR, MRO outbounds, order picking, palletizing & depalletizing, gantry robots, sortation, and WMS/WES/WCS. Based on our analysis, the MRO outbounds segment…



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