Warehouse Automation Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Component (Hardware {Mobile Robots, Automated Storage and Retrieval Systems, e-palletizing/Palletizing Systems, and Others}, Software, and Services); Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Retail, and Others); and Region/Country

Detailed Analysis of COVID-19 Impact on the Warehouse Automation Market

Pages:

212

Table:

38

Figure:

131

Report ID:

UMTI211091

Geography:

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Report Description
Table of content
Research Methodology

Report Description

Warehouse Automation Market
Warehouse Automation Market

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The Global Warehouse Automation Market is expected to witness an exponential CAGR of ~12% during the forecast period (2021–2027). This is mainly due to the rising focus of enterprises on industrial automation and improving workplace safety coupled with substantial growth of the presence of a huge intralogistics sector in emerging economies. These systems provide efficient, cost-effective movement of products and materials, within predetermined, safe parameters – making them ideal for use in warehouses, in any instance where repetitive, time-efficient operations are critical. Warehouse robots can help e-commerce companies to achieve their targets of faster delivery without compromising the quality of packaging. Since the e-commerce and manufacturing industry is growing at a prominent growth rate, the market for warehouse automation is also expected to grow at an influential growth rate. Furthermore, major players in the market are focusing on the launch of new and advanced products to improve shipping speed and accuracy for organizations integrating systems in their facilities.

COVID-19 slowed the overall growth of various industries including manufacturing, and automotive, and disrupted the supply chain and logistics sector across geographies. The countries were forced to implement lockdowns during the first half of 2020. The manufacturing industry witnessed a significant drop in earnings and income as a result of the COVID-19 pandemic. Business operations saw a large reduction in workforce, resulting in an overall loss in manufacturing activity. However, to tackle the challenges of a restricted workforce amid the lockdowns and reduce the chances of transmission of COVID-19 in labor-intensive industries, major stakeholders in the ecosystem started integrating automation technologies systems and solutions in warehouses, to increase operational efficiency and meet their respective growth targets.

Daifuku Co. Ltd., JBT Corporation, KION GROUP AG, Jungheinrich AG, KNAPP Group, Toyota Industries Corporation, KUKA AG, Oceaneering International Inc., Fritz SCHÄFER GmbH & Co KG, and Scott Technology Limited are some of the key players in the market. Several strategic measures have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

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Insights Presented in the Report

“Amongst component, hardware category held a significant market share in 2020”

Based on component, the market has been categorized into hardware, software, and service. Amongst these, the hardware category held a significant market share in 2020 and is expected to witness strong growth during the forecast period. This is mainly due to the growing adoption of AMRs. The increasing preference for e-commerce shopping platforms and the growing need for enhancing the efficiency of warehouses have led companies to focus on automation of operations. Further, the growth of the segment is influenced by the factors such as increasing demand for automated warehouses and automated material handling equipment coupled with the flexibility of these hardware systems and the wide range of tasks they can perform.

“Amongst industry, retail industry is expected to witness the highest CAGR during the forecast period”

Based on industry, the market is classified into automotive, manufacturing, food & beverages, aerospace, retail, and others. Amongst these, the retail industry is expected to witness the highest CAGR during the forecast period. The rapid rise of global e-commerce in areas such as online retailing combined with high urban density and elevated customer expectations for shorter delivery times have forced retail companies to integrate new material handling and automated solutions. Mobile robots and automated storage & retrieval system are automation solutions that ease the increasing pressure that is felt by online retailers to get orders out to customers more efficiently while reducing fulfillment costs.

“APAC to witness significant growth during the forecast period”

In 2020, APAC held a lucrative market share owing to the rapid growth of e-commerce, healthcare, and logistics sectors in emerging economies, such as China and India. For instance, in India, the growth of the industry has been triggered by an increase in internet and smartphone penetration. The number of internet connections in 2021 increased significantly to 830 million.

In 2020, China held the largest revenue share in APAC warehouse automation market. This can be attributed to the accelerated industrialization and increased expenditure on advanced and automated solutions in the country. Furthermore, with the rapid growth of downstream industries such as e-commerce and logistics and the rising costs of land, labor, and raw materials, the warehousing industry in China has been witnessing a substantial shift towards automated equipment to improve efficiency and manage the increased workload. Furthermore, major investors and venture capitalists are investing heavily in new-age start-ups developing robots and AGVs in the country. For instance, in April 2022, Beijing J-Elephant Technology Co. Ltd., a mobile robot manufacturer in China announced that it has secured nearly US$ 15 million (CNY 100 million) in angel and pre-A financing rounds. The angel round featured joint contributions from Sequoia China Seed Fund, Legend Star, and Sinovation Ventures.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Limitation 
1.3.Stakeholders
1.4.Currency used in Report
2.1.Research Process of the Warehouse Automation Market
2.2.Research Methodology of the Warehouse Automation Market
2.3.Forecasting Method  
2.4.Respondent Profile  
2.5.Main Objective of the Warehouse Automation Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY 
5IMPACT OF COVID-19 ON THE WAREHOUSE AUTOMATION MARKET
6WAREHOUSE AUTOMATION MARKET REVENUE (USD BN), 2019-2027F
7.1.Hardware 
 7.1.1.Mobile Robots
 7.1.2.Automated Storage and Retrieval Systems
 7.1.3.De-palletizing/Palletizing Systems
 7.1.4.Others
7.2.Software 
7.3.Services  
8.1.Automotive
8.2.Manufacturing
8.3.Food & Beverages
8.4.Aerospace
8.5.Retail
8.6.Others
9.1.North America
 9.1.1.U.S.
 9.1.2.Canada
 9.1.3.Rest of North America
9.2.Europe 
 9.2.1.Germany
 9.2.2.U.K.
 9.2.3.France
 9.2.4.Spain
 9.2.5.Italy
 9.2.6.Rest of Europe
9.3.Asia-Pacific 
 9.3.1.China
 9.3.2.Japan
 9.3.3.India
 9.3.4.Australia
 9.3.5.Rest of Asia-Pacific
9.4.Rest of World
10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis
11WAREHOUSE AUTOMATION MARKET OPPORTUNITIES
12WAREHOUSE AUTOMATION MARKET TRENDS
13.1.Demand Side Analysis
13.2.Supply Side Analysis
14.1.Competitive Landscape 
 14.1.1.Porter’s Five Forces Analysis
15.1.Daifuku Co. Ltd.
15.2.JBT Corporation
15.3.KION GROUP AG
15.4.Jungheinrich AG
15.5.KNAPP Group
15.6.Toyota Industries Corporation
15.7.KUKA AG 
15.8.Oceaneering International Inc.
15.9.Fritz SCHÄFER GmbH & Co KG
15.10.Scott Technology Limited
16DISCLAIMER

Research Methodology

Research Methodology for the Global Warehouse Automation Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global warehouse automation market were the three major steps undertaken to create and analyze the adoption of warehouse automation in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global warehouse automation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the warehouse automation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the warehouse automation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as components and industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the warehouse automation market. Further, we conducted factor analysis using dependent and independent variables such as components and industry of warehouse automation. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the warehouse automation market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global warehouse automation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the warehouse automation market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global warehouse automation market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Warehouse Automation Market
Warehouse Automation Market

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global warehouse automation market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of components and industry in the global warehouse automation market.

The main objective of the global warehouse automation Market Study

The current & future market trend in the global warehouse automation market was pinpointed in the study. Investors can gain strategic insights to base their discretion on investment on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the warehouse automation market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of components and industry.
  • Define and analysis of the regulatory framework for the warehouse automation market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the warehouse automation market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the warehouse automation market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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