Micro Fulfillment Market By Component (Control Systems, Material Handling), By Application (Grocery, Merchandise), By End User Industry (Retailers, Manufacturers and distributors): Global Opportunity Analysis and Industry Forecast, 2021-2031
The micro fulfillment market size was valued at $2,126.0 million in 2021, and is projected to reach $88.329.5 million by 2031, registering a CAGR of 44.8% from 2022 to 2031. Micro fulfilment is a method of delivering high in-demand products directly from a small-scale warehouse located in the close proximity of the delivery location.
Micro fulfilment facilities are typically highly automated facilities, and make use of state-of-the-art material handling components. This increases the productivity of the facility, while eliminating the possibility of any human error.
The e-commerce industry witnesses a rise, attributed to availability of large variety of products, typically at a discounted price. In addition, rise in disposable income of masses, and favorable government policies to support the growth of e-commerce industry are playing instrumental role in the growth of the e-commerce industry. This has increased demand for micro-fulfilment facilities. In addition, rise in residential complexes across the world, fueled by the urbanization, is positively influencing the growth of the micro fulfilment market. However, the high initial cost associated with the setting up of micro fulfilment facilities is a major factor restraining the growth of the market.
In addition, advancements in technology that have enabled the automated material handling machines, is anticipated to provide lucrative opportunities for the growth of micro fulfilment market.
The micro fulfilment market is segmented on the basis of component, application, end-user industry, and region. On the basis of component, the market is bifurcated into control systems, and material handling. On the basis of application, the market is bifurcated into grocery, and merchandise. On the basis of end-user industry, it is categorized into retailers, and manufacturers & distributors. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, acquisition, agreement, collaboration, partnership, and business expansion to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the micro fulfilment market report include Ahold Delhaize, Alert Innovation, Inc., Bastian Solutions, LLC, Davinci Micro Fulfillment, Flowspace, Fortna Inc., Honeywell International Inc, HÖRMANN Group (HÖRMANN Logistik), Instacart, KION GROUP AG (Dematic), KPI Integrated Solutions, LOCAD, OPEX, PACK & SEND Holdings Pty Ltd, Pacline Overhead Conveyors, Swisslog, and The Kroger Company.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the micro fulfillment market analysis from 2021 to 2031 to identify the prevailing micro fulfillment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the micro fulfillment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global micro fulfillment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End User Industry
Retailers
Size
Below 10000 square feet
Above 10000 square feet
Manufacturers and distributors
By Component
Control Systems
Material Handling
By Application
Grocery
Merchandise
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Netherlands
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Vietnam
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
UAE
South Africa
Kenya
Key Market Players
Alert Innovation, Inc.
Ahold Delhaize
Bastian Solutions, LLC
Davinci Micro Fulfillment
Dematic
Flowspace
Fortna Inc.
Honeywell International Inc
HÖRMANN
Instacart
KPI Integrated Solutions
LOCAD
OPEX
PACK and SEND Holdings Pty Ltd
PACLINE OVERHEAD CONVEYORS
Swisslog
The Kroger Company
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook