Anticipated Growth in Revenue:
The Warehouse Automation System Market was valued at US$ 3.65 Bn. in 2023 and the total revenue is expected to grow at 16.5% of CAGR through 2024 to 2030, reaching nearly US$ 10.65 Bn.
Warehouse Automation System Market Overview:
Automation technology in warehousing consists of the development of robotized storage, internal transport, and control systems capable of moving goods in a facility without the need for human interaction. These automated solutions are coordinated through the use of advanced software programs, such as warehouse management systems (WMS). Building smart warehouses that use digital and automated solutions to increase efficiency in logistics processes, including commodities reception, product slotting, and order picking, drives the warehouse automation system market.
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Warehouse Automation System Market Scope and Research Methodology:
The primary goal of the Global Warehouse Management System Market report is to provide industry investors, investment bankers, investment companies, and other stakeholders with in-depth information to make well-informed strategic decisions about dynamics and opportunities in the warehouse management system market worldwide. The report covers the competitive landscape, including mergers, acquisitions, strategic alliances, joint ventures, and partnerships by region, investment, and strategic intent.
The report is not only a representation of global players but also covers the market holding of local players in each country. Market structure by country, with market holding by market leaders, market followers, and local players, makes this report a comprehensive and insightful industry outlook. The methodology includes a thorough analysis of the competitive landscape and dynamics driving the market.
Warehouse Automation System Market Dynamics:
The development of e-commerce and the resulting increase in online consumers, especially in developing countries, are expected to fuel market growth. Online retailers can outsource services like bundling, warehousing, shipping, and other value-added services through fulfillment service centers. Automation in warehousing eliminates the need for human interaction, increases order fulfillment productivity, and shortens delivery times. For example, Amazon uses robots in its fulfillment facilities to speed up deliveries. Investment in warehouse management systems (WMS) by SMEs is expected to drive demand during the forecast period.
Warehouse Automation System Market Segmentation:
by Component
Hardware
Software
by Application
Automotive
Food & Beverage
E-commerce
Pharmaceutical
Other
by End-Use
Retailers
Manufacturing and Distributors
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Warehouse Automation System Market Key Players:
1. Dematic Corporation
2. Honeywell International Inc
3. Daifuku Co., Ltd.
4. Swisslog Holding AG
5. KION Group
6. Murata Machinery, Ltd.
7. SSI Schaefer Systems International
8. Vanderlande Industries
9. KNAPP AG
10. Beumer Group
11. TGW Logistics Group
12. Mecalux S.A.
13. SSI Schaefer
14. Fives Group
15. Kardex Group
16. Witron Logistik
17. SSI Schaefer
18. System Logistics Corporation
19. Swisslog
20. Bastian Solution
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Warehouse Automation System Market Regional Insights:
North America dominated the market with a 43% share in 2023 and is expected to witness significant growth during the forecast period. The North American supply chain industry's tremendous development, fueled by new technologies, has reduced the distance between supply chain activities and customers. The real-time demand effect, combined with the growing multichannel distribution support business model (WMS), is expected to fuel demand for highly adaptable and flexible warehouse management systems. The US, with around 9000 commercial storage buildings covering approximately 829 million square feet, is expected to dominate the North American market.
Key Questions answered in the Warehouse Automation System Market Report are:
- What was the Warehouse Automation System Market size?
- What is the expected Warehouse Automation System Market size by Forecast Period?
- What are the Warehouse Automation System Market segments?
- Which Warehouse Automation System Market segment is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Warehouse Automation System Market Industry?
- What key trends are expected to emerge in the Warehouse Automation System Market during the forecast period?
- Which region dominated the global Warehouse Automation System Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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