Warehouse Automation Market by Type (AGV/AMR, AS/RS-Storage & Retrieval, Autonomous Identification and Data Capture, Conveyor, MRO Services, Order Picking, Overhead Systems, Palletizing & Depalletizing, Sortation, and WMS/WES/WCS), by End User (3PL, Apparel & Sports, E-Commerce, Food & Beverages, General Merchandise, Grocery, Pharmaceuticals, Consumer Electronics, and Others) – Global Opportunity Analysis and Industry Forecast 2022-2030

Warehouse Automation Market

Industry:  ICT & Media | Publish Date: Dec 2022 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition:

The Warehouse Automation Market size was valued at USD 14.63 billion in 2021 and is predicted to reach USD 36.44 billion by 2030 with a CAGR of 10.2% from 2022-2030. 

Warehouse automation is the process of automating the movement of inventory into, within, and out of warehouses to customers with minimal human assistance. Robotics technology along with sophisticated software and sensors enable automating tasks and ensure business-critical operations are meeting the customer demand. Warehouse automation also helps organizations to utilize their resources efficiently, reduces human error, controls storage costs by minimizing inventory loss, enhances data accuracy, enable data analysis, and optimizes warehouse space among others.

Market Dynamics and Trends:

The demand for warehouse automation is rising due to surging adoption of industrial IoT. Also, factors such as, rising urbanization, increased demand for automation in industrial sector, and rising labor costs are expected to propel the growth of the market during the forecast period.

Moreover, expansion of e-commerce industry is contributing towards the growth of the market, as e-commerce companies have to maintain large volume of products in their warehouses to cater to the increasing demand. Warehouse automation also helps these companies to reduce their order delivery time in an economical way.

However, high set up and installation cost of warehouse robots, technical challenges as well as lack of skilled workforce are the factors restraining the growth of the market during forecast period. On the other hand, improvements in artificial intelligence (AI) has enabled computer vision and augmented reality, which can improve productivity in warehouses. Also, it will help robots to read texts and recognize images, which in turn will boost warehouse worker’s performance. Therefore, advancements in the field of AI is expected to create lucrative growth opportunities for the warehouse automation market players in future.

 

Market Segmentations and Scope of the Study:

The warehouse automation market has been segmented based on type, end user, and geography. Based on type, the market is divided into AGV/AMR, AS/RS-storage & retrieval, autonomous identification and data capture, conveyor, MRO services, order picking, overhead systems, palletizing & depalletizing, sortation, and WMS/WES/WCS. Based on end user, the market is bifurcated into 3PL, apparel & sports, e-commerce, food & beverages, general merchandise, grocery, pharmaceuticals, consumer electronics, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis:

North America region holds the lion share of warehouse automation market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as high-income level, established e-commerce industry, and government support. Also, presence of number of major companies with many warehouses and distribution units are adopting warehouse robots to reduce labor cost and increase profitability.

Asia Pacific, on the other hand is expected to show a steady rise in the warehouse automation market due to increasing population, growth of e-commerce and packaging industries in emerging economies such as India, China, and Japan. In addition, presence of major players such as Armstrong Ltd, Space Magnum Equipment, Godrej Consoveyo Logistic Automation Ltd, and Daifuku India Private Limited and contributing towards the growth of the warehouse automation market in this region.

 

Competitive Landscape:

The market comprises of various players such as Armstrong Ltd, Space Magnum Equipment, FANUC Corporation, Locus Robotics, Omron Corporation, Godrej Consoveyo Logistic Automation Ltd, Kuka AG, Automation Tooling Systems and Daifuku India Private Limited. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their geographical reach.

For instance, in June-2021, Amazon has introduced a new robot that can improve worker safety at warehouses, help reduce pressure and strain on employees. Moreover, Amazon hopes to improve warehouse automation to reduce warehouse related worker incidents by half over the next 5 years. Also, in December 2021, the India-based FM Logistic announced that it would set up intra-city warehousing units in Bengaluru, Mumbai, and Delhi. One of the models employed is building the warehouse vertically instead of horizontally, as it gives the possibility of separation between different customers and provides the considerable advantage of cold storage for pharmaceuticals.

KEY BENEFITS:

  • The warehouse automation market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the warehouse automation market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the warehouse automation market is provided in the report.

  • The competitive analysis of the market players along with their market share in the warehouse automation market

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Product Type

  • AGV/AMR

  • AS/RS-storage & retrieval

  • Autonomous identification and data capture

  • Conveyor

  • MRO services

  • Order picking

  • Overhead systems

  • Palletizing & Depalletizing

  • Sortation

  • WMS/WES/WCS

By End User

  • 3PL

  • Apparel & Sports

  • E-Commerce

  • Food & Beverages

  • General Merchandise

  • Grocery

  • Pharmaceuticals

  • Consumer Electronics

  • Others

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Netherlands

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Taiwan

    • Vietnam

    • Rest of Asia-Pacific

  • RoW

    • Latin America

    • Middle East

    • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2020

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Type (AGV/AMR, AS/RS-Storage & Retrieval, Autonomous Identification and Data Capture, Conveyor, MRO Services, Order Picking, Overhead Systems, Palletizing & Depalletizing, Sortation, and WMS/WES/WCS), by End User (3PL, Apparel & Sports, E-Commerce, Food & Beverages, General Merchandise, Grocery, Pharmaceuticals, Consumer Electronics, and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Taiwan, Vietnam, Rest of Asia-Pacific), Rest of the World (Latin America, Middle east, Africa)

Companies Profiled

Armstrong Ltd, Space Magnum Equipment, FANUC Corporation, Locus Robotics, Omron Corporation, Godrej Consoveyo Logistic Automation Ltd, Kuka AG, Automation Tooling Systems and Daifuku India Private Limited.

column chart pie chart

KEY BENEFITS:

  • The warehouse automation market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the warehouse automation market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the warehouse automation market is provided in the report.

  • The competitive analysis of the market players along with their market share in the warehouse automation market

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Product Type

  • AGV/AMR

  • AS/RS-storage & retrieval

  • Autonomous identification and data capture

  • Conveyor

  • MRO services

  • Order picking

  • Overhead systems

  • Palletizing & Depalletizing

  • Sortation

  • WMS/WES/WCS

By End User

  • 3PL

  • Apparel & Sports

  • E-Commerce

  • Food & Beverages

  • General Merchandise

  • Grocery

  • Pharmaceuticals

  • Consumer Electronics

  • Others

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Netherlands

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Taiwan

    • Vietnam

    • Rest of Asia-Pacific

  • RoW

    • Latin America

    • Middle East

    • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2020

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Type (AGV/AMR, AS/RS-Storage & Retrieval, Autonomous Identification and Data Capture, Conveyor, MRO Services, Order Picking, Overhead Systems, Palletizing & Depalletizing, Sortation, and WMS/WES/WCS), by End User (3PL, Apparel & Sports, E-Commerce, Food & Beverages, General Merchandise, Grocery, Pharmaceuticals, Consumer Electronics, and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Taiwan, Vietnam, Rest of Asia-Pacific), Rest of the World (Latin America, Middle east, Africa)

Companies Profiled

Armstrong Ltd, Space Magnum Equipment, FANUC Corporation, Locus Robotics, Omron Corporation, Godrej Consoveyo Logistic Automation Ltd, Kuka AG, Automation Tooling Systems and Daifuku India Private Limited.

KEY PLAYERS

  • Armstrong Ltd
  • Space Magnum Equipment
  • FANUC Corporation
  • Locus Robotics
  • Omron Corporation
  • Godrej Consoveyo Logistic Automation Ltd
  • Kuka AG
  • Automation Tooling Systems
  • Daifuku India Private Limited

Frequently Asked Questions
What will be the worth of global Warehouse Automation market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Warehouse Automation market business is expected to hit at $36.44 billion (USD) by 2030.

Which region is expected to hold the highest market share in the Warehouse Automation Market?

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Warehouse Automation industry?

Armstrong Ltd, Space Magnum Equipment, FANUC Corporation, Locus Robotics, Omron Corporation, Godrej Consoveyo Logistic Automation Ltd, Kuka AG, Automation Tooling Systems and Daifuku India Private Limited.

What are the market segmentations and scope of the study?

The global Warehouse Automation market share analysis is based on type, end user, and geography.

How big is the Warehouse Automation market?

Currently (in 2021), the market value stands at USD 14.63 billion and it is anticipated to reach USD 36.44 billion by 2030.