Warehouse Automation Market size to reach $ 64,639 by 2030, says Acumen Research & Consulting

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

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

With the continuing rise in e-commerce, the number and size of inventories globally is rapidly increasing. Warehouse operators are increasingly looking for automation technologies to increase productivity and minimize handling time to keep pace with this development. More than 80% of inventories today lack any form of automation, indicating that robots have a lot of room to change the inventory scenario. New alliances are formed as a result of this to improve the performance capabilities of organizations. For example, KNAPP and GEODIS recently announced a $ 52 million collaboration to develop a highly automated warehousing system, while Fetch Robotics and Körber recently unveiled a new case management solution for distribution facilities that would improve security and efficiency.

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Report coverage:

COVID-19 impact on the warehouse automation industry

Consumer switching to online shopping, which resulted in a boom in demand for e-commerce warehousing and distribution services, was one of the most immediate business consequences of the COVID-19 pandemic. Warehouses struggled with their labor shortages, supply chain and transportation problems as they struggled to keep up with the increasing demand, which posed a number of persistent challenges. Flexibility is crucial for department stores to survive in a rapidly changing and uncertain environment. Companies have been forced to rethink and restructure their logistics activities as a result of the pandemic. Thus, many people opt for warehouse automation systems.

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Global Warehouse Automation Market Growth Factors

The growth in the warehouse automation industry is driven by the increasing introduction of IoT and robotic technology in warehouse management systems. The warehouse is the fair platform for launching Internet of Things projects and validating the capabilities of technology. This is why there is a wide range of IoT applications and use cases. The benefits of implementing IoT in inventory automation include increased transparency, improved last-mile delivery, predictable maintenance, real-time product tracking and higher employee productivity.

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

Today’s warehouse operators have to deal with record orders and at the same time deal with a shortage of labor in the warehouse. This combined with the recent demand for contactless solutions due to the pandemic has necessitated the deployment of automated robots in the warehouse. Autonomous mobile robots can not only increase storage efficiency, but can also improve employee safety.

Global market segments for inventory automation

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 outbound, order picking, palletizing & depalletizing, portal robots, sorting and WMS / WES / WCS. Based on our analysis, the MRO outbounds segment achieved a significant market share in 2021. However, the AGV / AMR segment is likely to achieve a significant growth rate through the expected years 2022 – 2030.

Furthermore, the industry’s vertical segment is classified into e-commerce, 3PL, clothing, pharma, grocery, food and beverage and general merchandise. The e-commerce industry is expected to be one of the key segments in the inventory automation market. The stock of the future will have to meet the expected increase in increasing e-commerce and at the same time include margin gains. E-commerce is changing storage space in a way that goes beyond simply expanding old structures, just as it imposed a new view on brick and mortar retailing. From a logistical perspective, grocery is one of the most challenging and attractive industries. The operation of grocery distribution centers is among the most labor-intensive in any industry. Thus, warehousekeepers increase their focus on this segment and thus drive market demand.

Warehouse automation Market regional position

North America, Latin America, Asia-Pacific, Europe and the Middle East and Africa are the regional segments of the market. North America accounted for the largest share of the market during the projection period (2022-2030). The growing popularity of robots, IoT, artificial intelligence and big data analytics in US department stores is one of the driving factors for the North American inventory automation market. However, the Asia-Pacific region is forecast to grow at the fastest rate in the coming years. The high growth in the region is attributed to the growing population, increasing e-commerce industry and increasing production and transport and logistics facilities.

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Great players

The warehouse automation industry involves many key players. The top players presented in the report include 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.

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