Warehouse Automation Market by Automation Type (Digital Automation, Physical Automation), Component (Hardware, Services, Software), Function, End-User - Global Forecast 2024-2030

Warehouse Automation Market by Automation Type (Digital Automation, Physical Automation), Component (Hardware, Services, Software), Function, End-User - Global Forecast 2024-2030

The Warehouse Automation Market size was estimated at USD 21.58 billion in 2023 and expected to reach USD 24.42 billion in 2024, at a CAGR 14.90% to reach USD 57.09 billion by 2030.

Warehouse automation replaces repetitive tasks with automated systems, eliminates time-consuming labor-intensive duties, and allows workers to focus more on important tasks. The growing focus and significant investments from the public and private sectors to leverage Industry 4.0 facilitate the deployment of warehouse automation technologies in industrial and manufacturing sectors worldwide. The rising need for the safety of the workers conducting various material handling tasks is also fueling the adoption of warehouse automation technologies by the end-use sectors. However, the high cost associated with warehouse automation technologies and the limited availability of skilled professionals to operate the advanced systems may adversely impact their adoption by various manufacturing sectors. Besides the ongoing advancements and introduction of warehouse robots, the rising adoption of breakthrough technologies to ease warehouse tasks is expected to encourage the deployment of warehouse automation technologies across end-use industries worldwide.

Regional Insights

The warehouse automation market is highly evolving in the Americas owing to the presence of well-established manufacturing industries and the growing adoption of breakthrough technologies to manage inventories and shipping operations by the sectors in the region. Increasing government support and adopting Industry 4.0 encourages the adoption of digitalized and automation technologies in the APAC region to enhance material handling capabilities. Supportive initiatives and programs for increasing local product production are facilitating warehouse construction and creating opportunities for the growth of warehouse automation in the APAC region. The presence of key manufacturing industries, including automobile, semiconductor, and oil & gas industries, and growing demand for automated storing and retrieval systems are expanding the market growth in the EMEA region. In addition, the integration of cutting-edge technologies in material handling processes and the introduction of novel automated technologies are expected to create immense potential for the warehouse automation market growth worldwide.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Warehouse Automation Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing public and private investments in industry 4.0
• Growing need to ensure workforce and workplace safety
• Rise in manufacturing outputs and demand for efficient inventory management solutions

Market Restraints

• High capital investment and high cost of maintenance

Market Opportunities

• Technological development in warehouse robots
• Rising adoption of IoT and growing digitalization of warehouses

Market Challenges

• Lack of skilled professionals and expertise in operating automated systems

Market Segmentation Analysis

• Automation Type: Expanding usage of digital automation to reduce and minimize manual workflows
• Component: Growing role of warehouse automation hardware to automate warehouse processes
• Function: Expanding usage of warehouse automation for sorting to identify products quickly and accurately
• End-User: Rising demand for warehouse automation across consumer goods & retail to make better decisions on product allocation

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Warehouse Automation Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Warehouse Automation Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Associated Food Stores and Symbotic Announce Agreement To Implement Warehouse Automation System

Associated Food Stores and Symbotic have announced an agreement to implement a new automated warehouse system. This technology will increase operational efficiency, reduce costs, and provide customers with more accurate orders. By implementing this cutting-edge technology, Associated Food Stores streamlined processes and offered customers an improved shopping experience.

Locus Robotics Launches the Industry's First Data Science-Driven Warehouse Automation Platform

Locus Robotics launched LocusONE, the data science-driven warehouse automation platform to enable the seamless operation and management of large quantities of multiple AMR form factors as a single, coordinated fleet in all sizes of warehouses. LocusONE uses proprietary data science to support the full breadth of material movement needs in today's fulfillment and distribution warehouses.

Maersk Tests New Warehouse Automation Solution

Maersk recently piloted the BionicHIVE, a new warehouse automation solution that promises to significantly reduce costs and increase efficiency. With the help of robots that can accurately scan and sort items, Maersk has reduced time spent on mundane tasks while also improving accuracy. This technology has great potential to revolutionize warehouses worldwide, making processes more efficient and cost-effective.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Warehouse Automation Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Warehouse Automation Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amazon Web Services, Inc., Ametek, Inc., ATS Corporation, Attabotics, Bastian Solutions, LLC, Cisco Systems, Inc., Daifuku Co., Ltd., Fanuc Corporation, Fetch Robotics, Inc., GEODIS Logistics LLC, Grey Orange Pte. Ltd., Honeywell International, Inc., IAM Robotics, Intel Corporation, International Business Machines Corporation, Iris Factory Automation, Jungheinrich AG, KION Group, Kuka AG, Locus Robotics Corporation, Microsoft Corporation, Murata Machinery, Ltd., NTT DATA Corporation, Omron Corporation, Oracle Corporation, Panasonic Corporation, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, TGW Logistics Group, Toshiba Corporation, and Yaskawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Warehouse Automation Market to forecast the revenues and analyze trends in each of the following sub-markets:

Automation Type

• Digital Automation
• Physical Automation
• Automated Storage & Retrieval Systems
• Automatic Guided Vehicles
• Autonomous Mobile Robots
• Sortation Systems
• Component
• Hardware
• Services
• Software
• Function
• Packaging
• Pick & Place
• Shipping
• Sorting
• End-User
• Aerospace & Defense
• Automotive & Transportation
• Consumer Goods & Retail
• Food & Beverages
• Healthcare & Pharmaceuticals
• Manufacturing

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year