The Europe Warehouse Automation Market size is estimated at USD 4.28 billion in 2024, and is expected to reach USD 8.37 billion by 2029, growing at a CAGR of 14.40% during the forecast period (2024-2029).
Furthermore, whereas warehouse robots have had enormous deployments, COVID-19 is likely to significantly increase deployment speed. The COVID-19 outbreak has prompted warehouse owners to explore expediting their automation and robotics implementation timelines. Those who have successfully adopted automation have also demonstrated the establishment of safer workplaces by limiting worker interactions while raising productivity to meet rising e-commerce needs. Thousands of brick-and-mortar stores have closed their doors due to the recent increase in e-commerce.
The European warehouse automation market is fragmented by its competitive landscape. Dematic Group, Swisslog Holding AG, and Swisslog Holding AG (KUKA AG) WITRON, Logistik + Informatik GmbH SSI Schaefer AG BEUMER Group GmbH & Co. KG TGW Logistics Group GmbH, and Jungheinrich AG are some of the regional significant competitors in this sector.
These major competitors, which hold a considerable share of the market, are concentrating on growing their consumer base in new countries. Furthermore, market participants in the warehouse automation sector use major strategies, including product launches, acquisitions, and collaborations. The following are some of the most recent developments:
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