The Warehouse Automation Market size is expected to grow from USD 22.15 billion in 2023 to USD 46.93 billion by 2028, at a CAGR of 16.20% during the forecast period (2023-2028).
The warehouse automation market is highly competitive. Some key global players in this market are Dematic Group, Daifuku Co. Limited, Swisslog Holding AG, Honeywell Intelligrated, and Jungheinrich AG. Product launch, acquisition, and partnership are key strategies market players operating in the warehouse automation industry adopt.
In January 2023, JungheinrichAG acquired Indiana-based Storage Solutions group, a leading provider of racking and warehouse automation solutions in the United States, to gain enhanced access to the US warehousing and automation market.
Further, in September 2022, Dematic partnered with Upshopto to offer integrated fulfillment services that grow with the grocery industry. With the help of the alliance, grocery stores wishing to expand their fulfillment businesses will have access to tools that let them store and manage their consumer data. Dematic will offer its experience in automation along with simple software to connect with current Upshop processes.
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