Warehouse Automation Systems Global Market 2024 - By Growth, Share, Trends, Demand, Forecast To 2033
Global warehouse automation systems market size is expected to $48.54 Bn by 2028 at a rate of 15.1%, segmented as by component, solution, service
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The warehouse automation systems market size is expected to see rapid growth in the next few years. It will grow to $48.54 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to technological advancements, sustainability initiatives, labor shortages, rapid urbanization, regulatory compliance. Major trends in the forecast period include integration of artificial intelligence (ai) and machine learning (ml), adoption of goods-to-person system, continued growth of autonomous mobile robots (amrs), rise of micro-fulfillment centers, cloud-based solutions for scalability and flexibility.
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Segmentation & Regional Insights
The warehouse automation systems market covered in this report is segmented –
1) By Component: Solution, Service
2) By Automation Type: Physical Automation, Digital Automation
3) By Enterprise Size: Large Enterprises, Small And Midsize Enterprises (SMEs)
4) By Industry Vertical: Retail And Consumer Goods, Healthcare And Pharmaceuticals, Manufacturing, Food And Beverages, Transportation And Logistics, Automotive, Other Industry Verticals
North America was the largest region in the warehouse automation systems market in 2023. The regions covered in the warehouse automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rise in e-commerce sales is expected to propel the growth of the warehouse automation systems market going forward. The rise in e-commerce sales can be attributed to increased internet penetration and convenience, offering consumers a wide range of products accessible anywhere. Warehouse automation systems are integral to e-commerce for optimizing order fulfillment, reducing labor costs, and enhancing efficiency through technologies like robotic picking and automated conveyor systems. These systems streamline operations, minimize errors, and enable rapid processing of orders, improving customer satisfaction and scaling businesses. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, in the fourth quarter of 2023, e-commerce sales surged by 7.5% compared to the same period in 2022. Therefore, a rise in e-commerce sales is driving the growth of the warehouse automation systems market.
Key Industry Players
Major companies operating in the warehouse automation systems market report are KION Group; Daifuku Co. Ltd.; Fritz SchäFer GmbH; Vanderlande Industries B.V.; Dematic GmbH; KNAPP AG; Fives S.A.S.; Murata Machinery Ltd.; Intelligrated Inc.; Beumer Group GmbH & Co. KG; Interlake Mecalux Inc.; TGW Logistics Group; Bastian Solutions; Swisslog Holding AG; Cimcorp Group; Geek+ Robotics; System Logistics Spa; GreyOrange Inc.; viastore Systems Inc.; FLEXcon Company Inc.; Grenzebach Maschinenbau GmbH; Locus Robotics; Westfalia Technologies Inc.; Fetch Robotics Inc.; Clearpath Robotics Inc.
The warehouse automation systems market report table of contents includes:
1. Executive Summary
2. Warehouse Automation Systems Market Characteristics
3. Warehouse Automation Systems Market Trends And Strategies
4. Warehouse Automation Systems Market - Macro Economic Scenario
5. Global Warehouse Automation Systems Market Size and Growth
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32. Global Warehouse Automation Systems Market Competitive Benchmarking
33. Global Warehouse Automation Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Warehouse Automation Systems Market
35. Warehouse Automation Systems Market Future Outlook and Potential Analysis
36. Appendix
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