The scale of the warehouse automation market is expected to reach 30.69 billion US dollars by 2028 | CAGR: 14.2%: PMR

2021-11-25 06:20:02 By : Ms. Alice Wu

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New York, November 24, 2021/PRNewswire/-According to a new study conducted by Polaris Market Research, by 2028, the global warehouse automation market is expected to reach 30.69 billion U.S. dollars. From 2021 to 2028, the market is expected to achieve a compound annual growth rate of 14.2%. The growth of the global market is mainly due to the increasing popularity of automation and robotics in different end-user industries and the continuous development of technical fields. In addition, the increase in the incidence of accidents in the industrial workplace is one of the main factors driving the significant growth of the market. In addition, more and more government plans to focus on industrial automation technology and increasing R&D investment have further supplemented the market growth.

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Main highlights of the warehouse automation market

Due to the rapid development of the industry, the continuous development of the automotive industry, and the region’s demand for improved material handling solutions, the market in the Asia-Pacific region is expected to grow significantly throughout the forecast period. In addition, the emerging consumer goods manufacturing industries in countries such as India, Japan, South Korea and China are expected to promote the expansion of the warehouse automation market. Due to the increased adoption of robots and automation technologies, as well as rising labor costs in the region, the North American market is expected to gain the highest market share during the forecast period.

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Warehouse automation companies continue to innovate, making supply chain and logistics an important part of global e-commerce. As transportation costs continue to decrease, manufacturing sources are still important for most products. Therefore, we will continue to emphasize improving the openness and automation of the supply chain. The impact of the pandemic on the warehousing business will have a long-term impact on the industrial sector. Concerns about worker safety and the need to keep up with the boom in e-commerce orders have highlighted the need to increase warehouse automation. Schaefer Systems International Pvt Ltd, Armstrong Ltd, Daifuku India Private Limited, GreyOrange, Falcon Autotech Private Limited, KNAPP Group, Addverb Technologies Private Limited, Hinditron Group, Bastian Solution Private Limited, Honeywell International, The Hi-Tech Robotic Systemz Limited, Kardex India Storage Solutions Private Limited, Kion Group, KUKA Group, Muratec, Richfield Automation Ltd, Space Magnum Equipment and Godrej Consoveyo Logistics Automation Ltd. are some of the major players operating in the global industry.

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Polaris Market Research has broken down the warehouse automation market report based on type, technology, application and region:

Warehouse automation, type outlook (revenue, billion USD, 2016-2028)

Warehouse automation, technology outlook (revenue, billions of dollars, 2016-2028)

Warehouse automation, application outlook (revenue, billion USD, 2016-2028)

Warehouse automation, regional outlook (revenue, billions of dollars, 2016-2028)

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