Warehouse Automation Market

Global Warehouse Automation Market was worth of USD 15.97 billion in 2021 and it is expected to reach USD 29.85 billion at the end of 2028 with CAGR of 9.3%. 

Scope of Global Warehouse Automation Market

Warehouse automation incorporates all the hardware, software, individuals, and cycles needed to automate warehouse tasks for further developed productivity and precision. This might include everything from marking stock things, catching warehouse data, automated storage and recovery of things, and back-office report generation. From robots to automated measures, warehouse automation incorporates automated advances that guarantee to expand efficiency huge amounts at a time.

The advantages of warehouse automation are multi-fold. Since automated systems almost promptly distinguish the locations of all things in a specific order, warehouse automation raises speeds. Even better, warehouse automation systems enhance courses and amplify efficiency during the item recovery process. Warehouse automation additionally accelerates order satisfaction when warehouses influence robots and transports; thus, these organizations can offer free overnight delivery.

At last, warehouse automation speeds up stock management measures by utilizing the innovation to automatically count things. Warehouse automation systems boost stockroom space by using robots and other computerized directed vehicles that complete item recovery and storage tasks. By decreasing human mistakes, warehouse automation can smooth out stock management, taking into consideration more precise stock counts and related stock information.

A number of warehouse automation carry the items to the worker, as opposed to the laborer going to the items. Thus, foot and hardware traffic all through the office is diminished, upgrading in general warehouse security. This can likewise diminish item harm by reducing the requirement for warehouse staff to physically move items from one area to another. Increasing demand of automated system companies is expected to restore their operations. However, warehouse market encountering a devastating impact on business activities attributable to the significant difficulties posed by disturbances in the supply chain management and absence of laborers.

The COVID-19 pandemic has indicated a positive impact on the growth of global warehouse automation market. In the covid pandemic situation, warehouses labor struggled due to rising demands of product supply chain. They were simultaneously dealing with their labor shortage, supply chain, and transportation issues, creating a host of ongoing challenges. It solves labor difficulties and manages unpredictable spikes in demand. This has given a push to the growing of the global market for warehouse automation systems and has created productive opportunities for market vendors.

Global Warehouse Automation Segmentation

By Product

• Hardware 
• Software 
• Service  

By Automation Level

• System Automation
• Mechanized Automation
• Semi-Automated
• Fully Automated

Warehouse Automation Companies

Global warehouse automation market reports cover prominent players

• Locus Robotics
• ABB Ltd.
• Omron Corporation
• Toyota Industries Corporation
• KUKA AG
• KION GROUP AG
• Geekplus Technology
• FANUC Corporation,
• Zebra Technologies Corp.
• GreyOrange Pte. Ltd.
• Murata Machinery Ltd.
• IAM Robotics
• Yaskawa Electric Corporation
• Shanghai Quicktron Intelligent Technology Co
• Others.

News

Locus Robotics Acquired Fellow Warehouse Automation Company Waypoint Robotics

On September 21^st, 2021; Locus Robotics gained Waypoint Robotics, an individual supplier of mechanical strength; independent, omnidirectional versatile robots. Locus is in the advancement of highly useful and inventive AMR innovation that productively addresses our clients' requirements for complete warehouse improvement. The obtaining widens the Locus product offering of demonstrated and powerful AMR solutions that address use cases from e-commerce, case-picking, and bed picking to situations requiring bigger, heavier payloads and satisfaction modalities.

Increasing Growth of the E-Commerce Industry, Rising Adoption of Industrial IoT and Growing Use of Robotics in Warehousing are Some of the Major Factors Driving the Growth of Global Warehouse Automation Market

The global Warehouse Automation market is expected to grow at significant growth rate due to number of driving factor. Warehouses are an essential asset for numerous businesses as long-term storage for their goods. Automation involves the hardware, software, individuals, and cycles needed to automate warehouse tasks for further advanced productivity and precision. Warehouse automation increases speeds. Therefore, warehouse automation systems improve courses and amplify efficiency during the item recovery process.  

The COVID-19 pandemic has indicated a positive impact on the growth of global warehouse automation market. In the covid pandemic situation, warehouses labor struggled due to rising demands of product supply chain. They were simultaneously dealing with their labor shortage, supply chain, and transportation issues, creating a host of ongoing challenges. It solves labor difficulties and manages unpredictable spikes in demand. This has given a push to the growing of the global market for warehouse automation systems and has created productive opportunities for market vendors. 

Furthermore, boom in e-commerce industry is massively accelerating the warehouse automation expansion. Customer service expectations have risen in tandem with the growth of e-commerce transactions. SoftBank put USD 2.8 billion into AutoStore, an automation company focused on the e-commerce and supermarket industries. 4 Many of these technologies, such as automated guided vehicles (AGVs) or the next level of automation, AMRs, as unmanned transport next to warehouse employees, have demonstrated their efficacy at scale in addressing traditional e-commerce warehouse challenges like labor shortages, SKU complexity growth, and rising service expectations. Re-shoring of manufacturing, a faster than ever booming e-commerce industry and the adoption of robotics will have a long-term positive effect on the warehouse automation.    

To boot, the supply chain sector is transforming as a result of artificial intelligence (AI) and machine learning (ML). They're now optimizing processes at previously incomprehensible scales, well beyond what people can deliver. AI is advantageous since it increases capacity planning, productivity, and efficiency by assisting in the production of higher quality products at a reduced cost. 

The future of the warehouse automation market appears promising in the upcoming years for an extended period as there is so much potential for improvement and scaling. Technological advancements are transforming the warehouses to improve productivity, reduce costs, and make order fulfillment more efficient. Different companies are anticipated to implement go-to-market strategies, mergers & acquisitions, and new product launches to remain competitive and meet the growing demand for Warehouse Automation. ABB, Toyota Industries, KION Group, KNAPP Group, Muratech, Daifuku, Honeywell International and many more are hugely contributing to in the global market for warehouse automation market. For example, recently, September 23rd, 2021, Honeywell Introduces New Robotic Technology to Help Warehouses Boost Productivity, Reduce Injuries. Honeywell's Smart Flexible Depalletizer minimizes the need for manual labor to break down pallet loads roles that carry risk of injury to labor, and experience high turnover to the market. 

Trends In Warehouse Automation

Warehouse Automation is itself is new emerging trend as labor shortage and rising labor costs creating headwinds in the 3PL industry. It has become an integral part of the warehouse operations by playing a key role in powering the global supply chain. During the COVID-19 pandemic has made major impact on supply chain operations. Thus, warehouses were faced with difficulties in operations while keeping people home safe. Numerous warehouses have adopted the automation as a solution which can help warehouses make major improvements and empower their workforce.  

There are some trends in warehouse automation which are explained as follows

Trend 1: Warehouse Robotics 

More robots and a greater mix of warehouse automation technologies is providing new normal to warehouse supply chain by shortening the amount of time. There are various types of robots are there such as Goods-to-person robots, Driverless forklifts, Inventory Robots, and others. Along with this there are new trending robots like Automated Guided Vehicle (AGVs)/Automated Mobile Robots (AMRs) which have come into force as a main contributor in the warehouse automation. These AGV/AMR have high demand due to its flexibility to deploy without any major change in the existing warehouse infrastructure. However, each option in the robotics is best suited to specific needs. Though, more and more warehouses are getting hip to implementing collaborative robots which are also known as Cobots. It's a new technology but it is also evolving as more operations support it. Most cobots offer technologies that truly do work alongside warehouse associates, and this is possible due to their lightweight designs, their seamless integration when it comes to connecting to the aforementioned, customizable GPS and mapping capabilities, and very helpful, WMS’s, WES’s, and ERPs. 

Trend 2: Mobile Tech for Easier and More Accurate Operations 

Mobility is nothing new, given that handheld scanners have long been standard equipment in warehouses around the world — however, now-a-days the mobile technology in warehouse looks a little different that everyone supposed. With this solution a growing number of retailers are looking at moving scanning functionality to sleeker devices, such as tablets and smartphones, rather than staff carry around clunky scanner guns. Mobile devices are capable of doing much more than just scanning. Workers can also use these devices to clock into and out of their shifts, receive specific instructions for work-related tasks via text, and so much more.  

Trend 3: Autonomous Drones for warehouse management 

The autonomous drones aren’t just a supposed technology that might be seen decades into the future, they are actually being used in a number of warehouses today for performing the trickiest of inventory counts. Drones can be used for automated inventory checks and intralogistics. Recent technological advances of drones such as visual based navigation and sensors enable indoor applications of drones. Using drones for such applications can help warehouse managers to remove tedious and dangerous tasks. New scanning technologies including QR codes, bar codes, radio frequency identification (RFID) technologies and artificial intelligence (AI) enable drone-driven automations in warehouses. In addition, onboard computing power and efficient algorithms allow for the implementation of scalable drone applications. All this suggests that drones have started to play a central role in the automation of current warehouses. They are popular due to their ability of drones to fly and hover autonomously, navigate indoor, land precisely and potentially operate in fleets a& also avoid obstacles in different warehouse layouts. The three most promising areas of indoor drone use cases in warehouses are inventory management, intra-logistics of items, as well as inspection and surveillance. 

Trend 4: IoT Data Collection 

The data collection process plays a pivotal role because it helps to collect real-time data from all warehouse devices whether they are remote or on-site. Thus, warehouse owners are now capable of gathering more information than ever on warehouse operations and workflows. In practice, this has enabled warehouse owners to both make better decisions about warehouse management and enable new highly automated warehouse management systems. As various warehouse technologies utilize sensors and robots by taking several measurements and collecting data from many data points. The same technologies may also allow warehouse managers to track individual pallets or pieces of equipment. With the right combination of sensors, they can build a real-time, bird’s-eye view of their warehouse that can enable more complex automated solutions. 

Asia Pacific is dominating the global warehouse automation market due to enormous investments in the region and accounting XX% of market share in 2021. Asia Pacific is followed by North America in the market owing to adoption of advanced technology. For example, according to the in 2020, Amazon has 200,000 robots in operation within its warehouses in the US. Europe is expected to become the fastest growing region with 9.0% CAGR.  

Regions and Countries

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 15.97 Billion
Base year considered	2021
Forecast Period CAGR %:	9.3%
Market Size Expected in 2028:	USD 29.85 Billion
Tables, Charts & Figures:	175
Pages	300
Warehouse Automation Companies	Locus Robotics, ABB Ltd., Omron Corporation, Toyota Industries Corporation, KUKA AG, KION GROUP AG, Geekplus Technology, FANUC Corporation, Zebra Technologies Corp., GreyOrange Pte. Ltd., Murata Machinery Ltd., IAM Robotics, Yaskawa Electric Corporation,  Shanghai Quicktron Intelligent Technology Co. Ltd., and others.
Segments Covered	By Product, By Automation Level
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa