A lead analyst at AMR highlighted that the warehouse automation market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Allied Market Research published a research report on the warehouse automation market. The findings of the report state that the global market for warehouse automation generated $13.6 billion in 2021, and is projected to reach $57.6 billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.
Get a PDF Sample:
https://www.linkedin.com/feed/update/urn:li:activity:7011333070368706560
The report provides detailed insights on drivers, restraints, and opportunities to help the market players in devising several growth strategies. The exponential surge in the e-commerce sector due to the convenience and large variety of products available on online channels, the increase in the use of cold storage and warehouses in the pharmaceutical industry, and the increase in disposable income among people are expected to drive the growth of the global warehouse automation market. In addition, an increase in the standard of living among people and a surge in demand for warehouses among various industries such as automotive, textile, food & beverages, and manufacturing are expected to create remunerative opportunities for the industry.
Download Sample Report:
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the warehouse automation market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global warehouse automation market, owing to the presence of lockdowns in various countries across the globe. Lockdowns resulted in the large-scale disruption of supply chains and adverse restrictions on manufacturing activities, which unfavorably impacted the growth of the market. In addition, the shortage of skilled workforce during the pandemic further aggravated the impact on the market.
“The warehouse automation market has witnessed significant growth in the past decade, owing to a rise in labor costs, increased trade, and a rise in disposable income. A number of players in the warehouse automation market are expanding their businesses to strengthen their foothold in the global market. By component, the hardware segment dominated the warehouse automation market in 2021, in terms of revenue. This is attributed to large spending made on hardware. Depending on the application, the e-commerce segment registered a higher revenue in the year 2021. Depending on the end-user industry, the retailers’ segment is expected to grow at a higher CAGR during the forecast period, owing to increased demand for products from the consumers’ end,” says Onkar Sumant – Manager, Construction and Manufacturing at Allied Market Research.
The report offers detailed segmentation of the global warehouse automation market based on component, application, end-user, and region.
Based on components, the hardware segment held the highest share in 2021, accounting for nearly three-fourths of the global warehouse automation market, and is expected to continue its leadership status during the forecast period. However, the software segment is expected to register the highest CAGR of 15.6% from 2022 to 2031.
Based on application, the e-commerce segment accounted for the highest share in 2021, contributing to more than three-fifths of the global warehouse automation market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the automotive segment is estimated to grow at the highest CAGR of 15.6% during the forecast period.
Based on region, North America held the largest share in 2021, contributing to more than two-fifths of the total warehouse automation market share, and is projected to maintain its dominant share in terms of revenue in 2031. On the other hand, the Asia-Pacific region is expected to manifest the fastest CAGR of 16.2% during the forecast period. The research also analyzes regions including Europe and LAMEA.
The key players analyzed in the global warehouse automation market report include ABB Ltd., Amazon Robotics, ATMOS, Bastian Solutions LLC, Daifuku Co Ltd., Dorabot, Fanuc Corporation, Fetch Robotics, Inc., Honeywell International Inc., Jungheinrich AG, KION GROUP (DEMATIC), Kuka AG, SSI-Schaefer, Omron Corporation, Schneider Electric, Siemens AG, Yaskawa Electric Corp.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060|Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com.
Follow us on LinkedIn, Twitter, Facebook, Pinterest, YouTube & Instagram.