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Warehouse Automation Market

Global Warehouse Automation Market is expected to foresee significant growth. APAC to lead the growth!

Warehouse automation is the process of automating the movement of inventory into, within, and out of warehouses to customers with minimal human assistance. As a result, many companies are looking at automation for ways to increase efficiency, optimize productivity, and reduce costs. With the increasing demand for automation and material handling equipment in various process industries coupled with high labor costs and the advent of industry 4.0, the global warehouse automation market is expected to witness an exponential CAGR of ~12% during the forecast period (2021–2027). In addition, the rapidly growing e-commerce industry and rising awareness regarding enhancing safety at workplaces are some other factors responsible for the market growth.

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.

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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.

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.

For a better understanding of the market adoption of the Warehouse Automation industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. 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. Moreover, several global companies are increasingly investing in the robotics companies in the region, which is further accentuating the market. For instance, in February 2022, Addverb Technologies received orders worth around $1 billion, spread over four-to-five years, from Reliance Industries for robots with 5G technology. Reliance Retail picked up a majority stake in Addverb Technologies for USD 132 million in January 2022.

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Some of the major players operating in the market include 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.

Global Warehouse Automation Market Segmentation

Market Insight, by Component

• Hardware
o Mobile Robots
o Automated Storage and Retrieval Systems
o De-palletizing/Palletizing Systems
o Others
• Software
• Services

Market Insight, by Industry

  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace
  • Retail
  • Others

Market Insight, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Daifuku Co. Ltd.
    • JBT Corporation
    • Jungheinrich AG
    • KNAPP group
    • Toyota Industries Corporation
    • KUKA AG
    • Oceaneering International Inc.
    • Fritz SCHÄFER GmbH & Co KG
    • Scott Technology Limited

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