At 11.8% CAGR, Warehouse Automation Market Size Report Till 2028

By Ashwin Naphade  | Date: January 12, 2023

At 11.8% CAGR, Warehouse Automation Market Size Report Till 2028

A comprehensive research study on Warehouse Automation market added on Market Study Report provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Warehouse Automation market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Global Warehouse Automation Market Analysis and Forecast, 2022-2028 The global Warehouse Automation market is valued at US$ 22.5 Bn in 2021 and is expected to grow at a CAGR of 11.8% over the forecast period of 2022-2028.

Market Scope & Overview

The global Warehouse Automation market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period.

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practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.

The global Warehouse Automation market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.

The global Warehouse Automation market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.

State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019.

Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.

The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.

The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

Key Market Segmentation and Companies

segmented the global Warehouse Automation market based on component, end user, and region.

By Component

Hardware

Mobile Robots (AGV, AMR)

Automated Storage and Retrieval Systems (AS/RS)

Automated Conveyor & Sorting Systems

De-palletizing/Palletizing Systems

Automatic Identification and Data Collection (AIDC)

Piece Picking Robots

Software

Warehouse Management Systems(WMS)

Warehouse Execution Systems (WES)

Services

Value Added Services

Maintenance

By End Use

Food and Beverage

Post and Parcel

Retail

Apparel

Automotive

E-Commerce

Pharmaceutical

Manufacturing

Durable Goods

Non-Durable Goods

Leading Companies and Market Players

Dematic Group (Kion Group AG)

Daifuku Co. Limited

Swisslog Holding AG (KUKA AG)

Jungheinrich AG

Honeywell Intelligrated (Honeywell International Inc.)

Omron Corporation

Siemens AG

Zebra Technologies Corporation

Schneider Electric

Jungheinrich AG

Bastian Solutions LLC

ABB

Questions And Answers: Global Warehouse Automation Market

Q1. What is the CAGR that the Warehouse Automation Market is expected to register through the projected duration?

Answer: The Warehouse Automation Market is likely to register a CAGR of 11.8% over the forecast period.

Q2. How much is the Warehouse Automation Market expected to be worth by the end of the year 2021?

Answer: Warehouse Automation Market is likely to surpass a mammoth of USD 22.5 million by the end of 2021.

Q3. Which Are the Key Players in Global Warehouse Automation Market?

Answer: Omron Corporation, Siemens AG, Zebra Technologies Corporation, Schneider Electric, Jungheinrich AG, Bastian Solutions LLC, ABB among others are the leading players in worldwide Warehouse Automation Market

For more details on this report: https://www.marketstudyreport.com/reports/global-warehouse-automation-market-analysis-and-forecast-2022-2028  

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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