Technology industry

$41 Billion Global Warehouse Automation Market (2022 to 2027) – by Technology, Industry & Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Warehouse Automation Market – By Technology (AGV/AMR, ASRS, Conveyors, Sorting, Order Picking, AIDC, Palletizing and WMS/WES/WCS), By Industry (E-commerce, Grocery, Apparel, F&B, Pharma), By Regions » report has been added to from ResearchAndMarkets.com offer.

According to this report, the global warehouse automation market is expected to reach the USD 41 billion mark by 2027, growing at a CAGR of nearly 15% between 2022 and 2027.

2021 has seen huge order intake for warehouse automation companies, but revenue growth has been limited due to supply chain constraints. As a result, the industry also entered 2022 with a record backlog, which is a good sign for the future potential of this market. Order intake was led by Dematic with over $5 billion in 2021, followed by Honeywell Intelligrated (~50% YoY growth) and Daifuku (~30% YoY growth).

The growth of this market can be attributed to growth in e-commerce industry, multi-channel distribution channels, online grocery penetration with dark stores and super-fast delivery services, network globalization the supply chain, the emergence of autonomous mobile robots and the growing need for them. same day/same time delivery. The rise of e-commerce is compounding key labor issues facing the $5 billion global logistics industry. Not only are shipping volumes growing rapidly, but online retail also typically requires more logistical work per item than physical retail. This is because online shopping requires individual packaging and shipping, unlike the bulk shipping models of traditional retail.

Our 3rd version of this market study contains detailed market analysis of over 650 players (part of our exclusive market map), 10 solutions, 7 industries and 30 countries along with 550 pages, 355 market charts, 293 exhibits and 134 companies. Profiles. The analysis is validated by over 100 in-depth interviews across the value chain with component and technology suppliers, system integrators and manufacturers, software and service providers, and vertical end users across the industry.

Sure, the push to automate warehouses was in full force before Covid-19, but the global pandemic has forced companies to shift their warehouse automation strategy from “nice to have” to “must have” category. if they should maintain in this industry. One of the lessons of the COVID-19 pandemic is that megatrends such as aging population, globalization, health and safety, mobility, green logistics, autonomous world, urbanization, individualization and digitization must be given more consideration and weight than in the past. with a long-term vision so that we are ready to meet any challenge.

Post-pandemic, the most important and emerging trends have been the growth of online grocery stores, micro-fulfillment hubs, dark stores, and automated cold storage.

Analytical insights

  • The United States, China and Germany are the largest markets with more than 50% share for Warehouse Automation, both in terms of demand and the presence of OEMs and system integrators. Europe is a major hub for OEMs, with a strong presence in Germany, Italy, France, the Netherlands and Spain. Western Europe is a large market accounting for around 30% of the overall world market

  • Most of the fastest growing markets are concentrated in APAC, primarily in South Asia (India) and Southeast Asia. The Middle East is another exciting opportunity and is well suited in terms of geography with European players looking to expand their offerings in the region. Latin America is still under-penetrated when it comes to automation; however, things are set to change and the market is expected to experience strong growth in Brazil and Mexico. Within Europe, Central and Eastern Europe is a rapidly growing region, with Poland and the Czech Republic emerging as a logistics hub and showing good growth prospects. However, given the current geopolitical situation with the Russian-Ukrainian war, expansion and investment plans have been put on hold.

  • The AGV/AMR market is expected to be the largest market in 2027 with a CAGR of 40%. AMR (without any external optical band, sensor or vision support) is going to be the main contributor in warehouses due to the high demand in the e-commerce sector and its flexibility to deploy the robot without any major changes into the existing warehouse infrastructure. However, it is a bit slow in terms of picking rate per hour compared to ASRS, but it is preferred in small and medium warehouses due to its lower cost and quick deployment. AGV/AMR is expected to have over 24% market share by 2027 in the global warehouse automation market, led by players such as Seegrid, Balyo, Hai Robotics, Geek+, GreyOrange, HikRobot , Quicktron, Locus Robotics, Fetch Robotics (Zebra), 6 River Systems, Teradyne (MiR, AutoGuide Mobile Robots), Rocla, JBT, ek-robotics, Omron etc.

  • The grocery industry is one of the most challenging and attractive industries from a logistics perspective. Distributor grocers ship large volumes of merchandise to retail stores with frequent deliveries to ensure product freshness. Grocery distribution center operations are among the most labor intensive of any industry. Greater automation driven by e-grocery, micro-distribution centers (MFCs) and ultra-fast deliveries will be the biggest opportunity in the next 5 years, led by different types of solution providers like AutoStore, Takeoff Technologies , Exotec, Fabric, Attabotics, OPEX, Dematic, Geekplus and Urbx Logistics. It will witness an opportunity worth around $7 billion by 2027 with a growth rate of around 19%. We have already witnessed these partnerships over the past 2 years, such as Ocado and Kroger in the US, Takeoff Technologies and Majid Al Futtaim in the Middle East, Dematic and Coop in Denmark, Walmart and Symbotic in the US, etc

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