The global warehouse automation market is expected to grow at a CAGR of 12.5% during the forecast period. The COVID-19 pandemic has led warehouse operators to consider accelerating their timetables to adopt automation and robotics. Warehouses that use conveyors, sorters, and pick and place solutions, among other equipment (not necessarily automated), account for 15% of the entire warehouses. In contrast, only 5% of the current warehouses are automatic. According to the Bank of America, by 2025, 45% of all manufacturing will be performed by robotic technology. Autonomous mobile robots (AMRs) are replacing AGVs in logistical applications. North America is expected to hold a significant share of the market due to the growth in e-commerce. The Warehouse Automation Market is highly competitive with key players such as Dematic Group, Daifuku Co. Limited, Swisslog Holding AG, Honeywell Intelligrated, and Jungheinrich AG.
Global Warehouse Automation Market Expected to Grow at 12.5% CAGR from 2023 to 2028
The global warehouse automation market is predicted to grow at a compound annual growth rate (CAGR) of 12.5% during the forecast period of 2023 to 2028. This growth is attributed to the increasing complexity of manufacturing. The market analysis and forecast are detailed in a report titled “Warehouse Automation Market – Growth, Trends, COVID-19 Impact, and Forecasts (2023 – 2028)” by Reportlinker.com.
Warehouse Automation Market Trends: Growing Deployments of Robotics and AMRs
The COVID-19 pandemic has accelerated the adoption of automation and robotics in warehouses worldwide, as operators aim to create safer workplaces and enhance productivity to meet increasing demands for e-commerce. Despite the advantages of warehouse automation, 80% of warehouses still operate manually, according to DHL. However, the adoption of warehouse robots is increasing, driven by rising labor costs, scalability of technological solutions, and a surge in e-commerce. Autonomous mobile robots (AMRs) are expected to replace forklifts and offer new opportunities for inventory monitoring. AMRs and collaborative picking arms are rapidly growing, with over a dozen robotics vendors aiming at the needs of distribution centers.
Warehouse Automation Market Expected to Grow
The global warehouse automation market is predicted to grow at a compound annual growth rate (CAGR) of 12.5% during the forecast period of 2023 to 2028, with North America expected to hold a significant share of the market. The growth in e-commerce, advancements in technology, and lower costs have contributed to the adoption of automation and robotics in warehouses. For instance, Amazon has installed over 200,000 mobile robots that work alongside hundreds of thousands of human workers in its warehouse network in the United States. Furthermore, the wider availability and declining costs of sophisticated sensors have reduced costs for end-users, making automation and robotics more accessible to a wider range of operations.
Warehouse Automation Market Competitor Analysis
The warehouse automation market is highly competitive, with key global players including Dematic Group, Daifuku Co. Limited, Swisslog Holding AG, Honeywell Intelligrated, and Jungheinrich AG. Product launches, acquisitions, and partnerships are key strategies that market players adopt. For instance, ABB Limited offers four critical automation solutions that increase the resiliency of logistics operations through flexible automation, while 3PL Central acquired Skubana, a leading inventory management system and e-commerce operations platform, to expand its supply chain technology offering.
The report also offers additional benefits, including a market estimate sheet in Excel format and 3 months of analyst support. For more information about the report, please visit https://www.reportlinker.com/p06431237/?utm_source=GNW.
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