NEW YORK, November 24, 2021 / PRNewswire / – The World warehouse automation market the size should reach $ 30.69 billion by 2028 according to a new study conducted by Polaris Market Research. the market is expected to register a CAGR of 14.2% from 2021 to 2028. The growth of the global market is mainly driven by the increasing adoption of automation and robotics in different end user industries with the support of continuous development in the field of technology. In addition, the increase in the number of accidents in industrial workplaces is one of the main factors driving significant market growth. In addition, rising government programs focused on industrial automation technology and increasing investment in R&D further complement the market growth.
Highlights of the Warehouse Automation Market
In terms of technology, the automated storage and retrieval system (AS / RS) emerged as the largest segment and accounted for the largest market share. The AS / RS system mainly offers extraordinary benefits to warehouse managers, such as reduce labor and energy costs while encouraging the use of space and avoiding damage to products.
App based, the e-commerce segment dominated the warehouse automation market, due to the increased knowledge of robotics vendors of various parts of e-commerce execution, there has been widespread application of warehouse automation in e-commerce facilities.
Honeywell will establish an advanced R&D facility for warehouse automation in the Czech Republic. Honeywell is in the process of establishing Central and Eastern Europe as a key warehouse automation hub with the opening of a new development site, which will allow businesses across the continent to test, prototype and train customers on Honeywell’s industry-leading hardware and software solutions for the material handling.
DSV, a transport and logistics company, plans to make warehouse automation more accessible to businesses of all sizes. DSV goes invest in 20 automated distribution centers on the other side North America, Europe, and the Asia Pacific. DSV will be able to offer warehouse automation to companies of various sizes, including B2C and B2B, through large-scale multi-user facilities.
The Asia Pacific The region’s market is expected to grow significantly throughout the forecast period, owing to rapid industrial development, a growing automotive industry, and demand for improved material handling solutions in the region. In addition, the rise of the consumer product manufacturing industry in countries such as India, Japan, Korea and China is expected to stimulate the expansion of the warehouse automation market. The market in North America is expected to achieve the highest market share during the projection period, due to the increased adoption of robots and automation technologies, as well as higher labor costs in the region.
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Warehouse automation companies are constantly innovating to make supply chains and logistics a vital part of global e-commerce. While transport costs continue to fall, the origin of manufacture remains important for the majority of products. As a result, we will see a continued focus on increasing openness and automation in supply chains. The influence of the pandemic on warehouse activity will have long-term consequences for the industrial sector. Concerns about worker safety, along with the need to keep up with the boom in e-commerce orders, have highlighted the need for more warehouse automation. 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.
Supply side: Automation solutions provider
Demand side: Clothing industry, e-commerce sector
Regulatory side: Warehousing Development and Regulatory Authority
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Polaris Market Research has segmented the Warehouse Automation market report on the basis of Type, Technology, Application, and Region:
Warehouse Automation, Outlook Type (Turnover, Billions USD, 2016 – 2028)
Warehouse Automation, Technology Outlook (Revenue, USD Billion, 2016 – 2028)
Automated Storage and Retrieval Systems (AS / RS)
Automated Guided Vehicles (AGVs)
Autonomous mobile robots (AMR)
Voice selection and task assignment
Automated sorting systems
Warehouse Automation, Application Outlook (Revenue, USD Billion, 2016 – 2028)
food and drinks
Warehouse Automation, Regional Outlook (Revenue, USD Billion, 2016 – 2028)
Middle East & Africa
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