Global Warehouse Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Warehouse Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Warehouse automation is the process of automating the movement of inventory into, within, and out of warehouses to customers with minimal human assistance. As part of an automation project, a business can eliminate labor-intensive duties that involve repetitive physical work and manual data entry and analysis.

Warehouse automation takes many forms, including machines and robots that aid workers with processes related to inventory from when it arrives at the warehouse until it leaves. Leveraging warehouse automation solutions can help warehouses increase productivity and accuracy, reduce labor costs and improve safety.

Market Overview:

The latest research study on the global Warehouse Automation market finds that the global Warehouse Automation market reached a value of USD 18457.65 million in 2022. It’s expected that the market will achieve USD 41256.04 million by 2028, exhibiting a CAGR of 14.35% during the forecast period.

The COVID-19 pandemic has affected the use of global Warehouse Automation. The particularity of COVID-19 makes Warehouse Automation get more and more attention.

After the outbreak of COVID-19, due to the regional closed policy and the rapid decline of global demand for various commodities, many enterprises' products piled up in large quantities. It takes a lot of manpower and material resources to manage many products. Warehouse Automation can automatically manage the inventory with minimum manual assistance, which not only reduces the labor cost paid by enterprises to workers but also improves the speed of product storage, which is an excellent choice for those products that need to be stored in a specific environment. Therefore, influenced by COVID-19, many enterprises turn to Warehouse Automation for better management of inventory products.

The severe labor shortage caused by the outbreak of COVID-19 also promoted enterprises to use Warehouse Automation. Traditional warehouse storage and management require a lot of labor. Affected by COVID-19, there is a serious shortage of labor in many areas, which affects the normal operation of the warehouse. Therefore, many enterprises have set up Warehouse Automation systems with small labor demands to solve the problem of labor shortage. Therefore, the labor shortage caused by COVID-19 promotes the development of the Warehouse Automation market.

In addition, during the outbreak of COVID-19, people's shopping styles shifted from offline physical stores to online stores, and the e-commerce industry developed rapidly. The interruption related to pandemics accelerated the growth of e-commerce of many retailers. The increase of e-commerce retail requires a large amount of goods storage space and efficient goods management. The warehouse Automation system can replace repetitive warehouse work, aiming to cope with the growth of e-commerce sales. Therefore, more and more enterprises have increased their demand for Warehouse Automation.

Overall, COVID-19 has a favorable influence on the development of the Warehouse Automation market. COVID-19 pandemic has led warehouse operators to consider speeding up the adoption of automation and robot technology, and the demand for Warehouse Automation systems is increasing.

Region Overview:

In 2022, the share of the Warehouse Automation market in North America stood at 32.8%.

Company Overview:

Daifuku is one of the major players operating in the Warehouse Automation market, holding a share of 13.52% in 2023.

Daifuku

Daifuku is a Japanese material-handling equipment company. It was the leading material handling system supplier in the world. Daifuku provides leading conveyor and sorting system, voice and light control order fulfillment equipment, a set of warehouse control and execution software, robot, automatic storage and retrieval system (AS/RS), mezzanine and structure, etc.

Dematic (Kion Group)

Dematic (Kion Group) is an internal logistics innovator, which designs, builds and supports intelligent automation solutions for manufacturing, warehouse and distribution environments for customers who drive the future development of business.

Segmentation Overview:

As for product types, the MRO services segment held the largest market share in 2022.

Automated Storage and Retrieval Systems (AS/RS)

AS/RS are a form of Goods-to-Person (GTP) fulfillment technology that includes automated systems and equipment like material-carrying vehicles, tote shuttles and mini-loaders to store and retrieve materials or products. Typically, warehouses leveraging AS/RS systems pair them with a warehouse software system that manages the process and assists warehouse workers in processing orders. High-volume warehouse applications with space constraints tend to utilize AS/RS systems.

Automated Guided Vehicles (AGVs)

This class of mechanized automation has minimal onboard computing power. These vehicles use magnetic strips, wires or sensors to navigate a fixed path through the warehouse. AGVs are limited to large, simple warehouse environments designed with this navigation layout. Complex warehouses with lots of human traffic and space constraints are not good candidates for AGVs.

Autonomous Mobile Robots (AMRs)

More flexible than AGVs, AMRs use GPS systems to create effective routes through a specific warehouse. They use advanced laser guidance systems to detect obstacles, so AMRs can safely navigate dynamic environments with lots of human traffic. They are easy to program with routes and easy to implement quickly.

Conveyor/Sortation Systems

Sortation systems direct items to the right locations or to the correct bins by using various technologies that identify and separate items, directing them to specific locations for returns processing, to picking zones or to packing stations.

MRO Services

MRO stands for Maintenance, Repair and Operations — or sometimes Maintenance, Repair and Overhaul — and refers to the equipment, tools and activities associated with the daily operations of a business. If MRO program is to be faster and more efficient, automatic vertical warehousing can be of great help. Automatic warehouse is designed to reduce the floor space and make better use of the available height, and can store all the resources needed for MRO operations in one place.

Application Overview:

In the Warehouse Automation market, 52.9% of the total value was generated through the Ambient Storage segment by application in 2022.

Key Companies in the global Warehouse Automation market covered in Chapter 3:

TGW Logistics Group GmbH
Mecalux
Dematic (Kion Group)
Honeywell
BEUMER GROUP
Murata Machinery
WITRON
KNAPP
Schaefer
Fives
Swisslog (Kuka AG)
JUNGHEINRICH
Daifuku
Vanderlande Industries B.V.

In Chapter 4 and Chapter 14.2, on the basis of types, the Warehouse Automation market from 2018 to 2029 is primarily split into:

Automated Storage and Retrieval Systems (AS/RS)
Automated Guided Vehicles (AGVs)
Autonomous Mobile Robots (AMRs)
Conveyor/Sortation Systems
MRO Services
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Warehouse Automation market from 2018 to 2029 covers:

Ambient Storage
Cold Storage
Hazardous Storage
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)