United States Warehouse Automation Market Revenue Forecast (2023-2028)

United States Warehouse Automation Market Revenue Forecast (2023-2028)

Executive Summary

The United States Warehouse Automation Market is growing due to the expansion of the manufacturing and eCommerce sector. There has been a significant increase in the number of people using online services owing to this demand for warehouse increased rapidly in past few years. The acceptance rate of automated services in warehouse is increasing as there are more infrastructure projects underway, which is propelling the expansion of the warehouse automation market in the United States. Moreover, Industrial warehouse automated machinery has become significantly more economical in recent years, and this trend is expected to continue.

The COVID-19 pandemic's most significant immediate effect on business was the shift of consumers to online shopping, which increased demand for eCommerce warehouse and distribution services. Warehouses had to contend with their own labour shortages, supply chain issues, and transportation problems in addition to trying to meet rising demand, which caused a variety of ongoing challenges. For warehouses to thrive in a constantly changing and unexpected environment, flexibility is essential. The pandemic has compelled businesses to review and restructure their logistics systems. In addition, many players decide to adopt warehouse automation systems.

Moreover, there were 5,190 fatal work injuries reported in the country in 2021, an 8.9% increase from 4,764 in 2020. The fatal work injury rate increased from 3.4 per 100,000 full-time equivalent (FTE) workers in 2020, one of the way to eliminate this challenge is by adopting automation technology in warehouse industry.

Performance of Segmentation

By Type: The US Warehouse Automation Market by Type is divided into Private & Semi Private Warehouse and Public Warehouse. Private and semi-private warehouses are those that were built and/or are owned by the business that owns the goods kept inside. Public Warehouses: These are facilities that are run as separate businesses and provide a range of services, including handling, storage, and transportation, for a set or variable fee that is calculated per pallet.

By Level: The US Warehouse Automation Market by Level is divide into LEVEL 0, LEVEL 1, LEVEL 2, LEVEL 3, LEVEL 4.

By Technology: The US Warehouse Automation market by Technology is divided into AGV vs AMR, Picking Systems, Storage Systems, Conveyor & Sortation System, Palletizing & Depalletizing, WMS, AIDC and Others. AGV & AMR are one of the common and rapidly emerging technology in US and all around the world. We are seeing an evolution of increasingly simplified warehousing technologies and facilities as ecommerce grows globally. The process of fulfilling orders is being revolutionized by new warehouse management techniques and automation, which are enhancing warehouse productivity and diversity of logistics operations.

Future Outlook

In the coming years, the market for warehouse automation is anticipated to experience phenomenal expansion. Robotic technology will be used to perform 45% of all production by 2025, according to the Bank of America. Large corporations have followed this trend by replacing workers with automated equipment in their facilities, including Raymond Limited. On the other hand, Modern manufacturing facilities rely on new inventions and technology to manufacture goods of greater quality more quickly and cheaply.

Some of the major factors that will propel the growth of the automated guided vehicle market in the upcoming years include rising technological advancements, rising demands for automation in industries. Whereas, to improve their material handling processes, warehousing and retailing enterprises are working with technology firms and suppliers of automation solutions. Additionally, massive e-commerce corporations keep buying autonomous robot vendors to expand their warehousing operations.

Makreo research has published study on Warehouse Automation Market titled, “United States Warehouse Automation Market Revenue Forecast (2023-2028) by Technology: AGV, AMR, Picking Systems, Storage Systems, Conveyor & Sortation Systems”. Market assessment has been carried out using qualitative and quantitative methods and have combined the impact of macroeconomic and micro economic scenario. The market has witnessed many shifts in recent past after the COVID-19 outburst that given a suggest push in the market therefore, we have studied the impact of pre-COVID and post-COVID scenario. Future outlook has been assessed keeping various influencing factors into consideration and also to assess the expected opportunities in the market.

Segmentation Covered:

By type: Public Warehouse & Private Warehouse

By level: Level 0, Level 1, Level 2, Level 3, Level 4

By Technologies: AGV vs AMR, Picking Systems, Storage Systems, Conveyor & Sortation System, Palletizing & Depalletizing, WMS, AIDC and Others

Company’s Assessed

Dematic

Daifuku

Honeywell Intelligrated

Omron Adept Technologies

Invia Robotics

KUKA AG

Vanderlande industries

Knapp AG, Swisslog Holding AG

SSI Schaefer Locus Robotics

Fetch Robotics Inc

Key Questions Answered

How Warehouse Automation market is coping up with the economy set back led by COVID-19?

At what rate Warehouse Automation market revenue grew in the past and what is the present state of the industry?

What are the major driving factors accounted for a push to the industry in the past?

What is the expected future of the US Warehouse Automation market?

Who are the major players operating in the Warehouse Automation market and how these players are contributing to the industry?

Which technology plays a dominant role in terms of generating maximum demand for Warehouse Automation in the US?

How US Warehouse Automation market is segmented by Warehouse Automation format?

At what rate AGV & AMR technology is growing?

Identify the major trend present in US Warehouse Automation market?

How the United States economy has performed in the past and what is the future expected growth outlook?