The global Warehouse Automation Solutions Market Size Was worth 7.1 (USD Billion) in 2019 and Is Predicted to Gain Revenue of about 10.3 (USD Billion) by 2026, CAGR of 8.1%.
The Global Warehouse Automation Solutions Market Size accrued earnings worth approximately 7.1 (USD Billion) in 2019 and is predicted to gain revenue of about 10.3 (USD Billion) by 2026, is set to record a CAGR of nearly 8.1% over the period from 2020 to 2026. The report offers an assessment and analysis of the Warehouse Automation Solutions market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
To know more about this report, Request A Sample Copy.
Warehouse automation is the method of mechanizing inventory movement into and out of the warehouse to consumers through minimum human support. As a part of warehouse automation, a business can eradicate labor-intensive tasks involving monotonous physical activities along with manual data entry & analysis. Furthermore, warehouse automation also includes robots designed for performing many of the material handling tasks. Additionally, the robots provide effective warehouse automation solutions with their ability to move from one aisle to another one along with effective managing of various warehouse tasks.
With e-commerce & online retailers increasing automation in their warehouses, the warehouse automation solutions market is anticipated to expand by leaps & bounds over the upcoming years. Warehouse automation offering quick and safe solutions along with enhancing output will further prompt the expansion of the warehouse automation solutions industry in the foreseeable future. The ability of robots in simplifying warehouse tasks along with performing multiple tasks has helped the market tread new paths of growth.
Additionally, the necessity of reducing time wastage coupled with enhancing the reliability and preciseness of warehouse operations will propagate the business landscape. Moreover, cost reduction has become a top-most priority for most manufacturing firms, and warehouse automation solutions are predicted to contribute majorly towards these cost-effective strategies, thereby enlarging the market size in the current years. Nonetheless, huge deployment costs will retard the industry's growth over the years ahead. However, the integration of industry 4.0 with warehouse robots will produce new vistas of growth for the warehouse automation solutions industry in the upcoming years.
The growth of the regional market over the assessment period can be credited to the presence of the largest automotive production base in the countries such as India, Malaysia, Indonesia, China, and Japan. With players focusing on plant modernization & upgradation in the region, the market in the sub-continent is likely to experience accelerated growth within the next couple of years.
Report Attributes | Report Details |
---|---|
Report Name | Warehouse Automation Solutions Market Research Report |
Market Size in 2019 | USD 7.1 Billion |
Market Forecast in 2026 | USD 10.3 Billion |
Compound Annual Growth Rate | CAGR of 8.1% |
Number of Pages | 110 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | ABB Ltd., Omron Corporation, FANUC Corporation, Locus Robotics, Kuka AG, Magazino GmbH, Yaskawa Electric Corporation, Honeywell International, Inc., Automation Tooling Systems, Inc., Fetch Robotics, Inc., Amazon Robotics, IAM Robotics, SSI Schaefer AG, and Wynright Corp. |
Segments Covered | By Robot Type , By Software, By Function, By Payload Capacity, By Industry And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key players profiled in the report include
By Robot Type
By Software
By Function
By Payload Capacity
By Industry
FrequentlyAsked Questions
With ecommerce & online retailers increasing automation in their warehouses, the warehouse automation solutions market is anticipated to expand by leaps & bounds over the upcoming years. With warehouse automation offering quick and safe solutions along with enhancing output will further prompt the expansion of warehouse automation solutions industry in the foreseeable future. The ability of robots in simplifying the warehouse tasks along with performing multiple tasks has helped the market tread new paths of growth. Additionally, necessity of reducing time wastage coupled with enhancing reliability and preciseness of warehouse operations will propagate the business landscape. Moreover, cost-reduction has become top-most priority for most of the manufacturing firms and warehouse automation solutions are predicted to contribute majorly towards these cost- effective strategies, thereby enlarging the market size in the current years.
According to Zion market research report, the global Warehouse Automation Solutions market accrued earnings worth approximately 7.1 (USD Billion) in 2019 and is predicted to gain revenue of about 10.3(USD Billion) by 2026, is set to record a CAGR of nearly 8.1% over the period from 2020 to 2026.
Asia Pacific region will contribute lucratively towards the global market value over the estimated timeline. The presence of largest automotive production base in the countries such as India, Malaysia, Indonesia, China, and Japan will drive the regional market trends. With players focusing on plant modernization & upgradation in the region, the market in the sub-continent is likely to experience an accelerated growth within the next couple of years.
The key market participants include ABB Ltd., Omron Corporation, FANUC Corporation, Locus Robotics, Kuka AG, Magazino GmbH, Yaskawa Electric Corporation, Honeywell International, Inc., Automation Tooling Systems, Inc., Fetch Robotics, Inc., Amazon Robotics, IAM Robotics, SSI Schaefer AG, and Wynright Corp.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed