Warehouse Automation Solutions Market size was estimated at $7.1 billion in 2020 and is expected to reach $10.3 billion by 2028, growing at a CAGR of 8.1% during the forecast period of 2021 to 2028.
Warehouse automation, in simplest terms, is the application of special equipment and storage systems to undertake activities traditionally performed by unskilled or semi-skilled workers. It is the automation of routine tasks that formerly needed human labour. Warehousing operations are vital to the growth of any supply chain-centric business, particularly those with low margins and high volumes, like eCommerce and retail. Warehouse automation enables your business-critical operations to fulfill client requirements. This all begins with a warehouse management system (WMS), which automates manual procedures and data collection, as well as inventory control and data analysis. A warehouse worker may transfer a large package onto an autonomous mobility robot. These robots boost the tasks efficiency, speed, dependability, and correctness.
Warehouse Automation Solutions Market Growth and Trend
Robots are not subjected to labour regulations which mean they do not require insurance, benefits, or vacation time. Another frequent warehouse concern is labour shortages during peak seasons. A fully automated warehouse readily handles order spikes during the busiest holiday times, whereas manual facilities struggle to keep up with irregular demand. WMS systems includes software modules that facilitate stock control and tracking, warehouse operations management, labour cost reduction associated with manual chores, and customer service improvement. A contemporary WMS must be compatible with mobile devices and integrate with existing corporate applications. Another aspect driving growth is the rapid advancement of technology in robotics, mechanical systems, machine vision, artificial intelligence, and deep learning. The IIoT (Industrial Internet of Things) and fully connected warehouse systems are accelerating the growth.
Significant challenges to indoor adoption, including navigation concerns caused by the absence of GPS, have made the industry cautious about using drones for inside operations. Equipped with AI/ML abilities, high-definition video, and cloud connection, drones can now hover autonomously over barriers, reach any location within the warehouse, and operate in fleets. Drones may be used for a variety of tasks, including effectively scanning a barcode and RFID tags, operating in difficult-to-reach areas, cycle counting, obtaining aerial inventory scans, inspection, and retrieval. Third-party logistics businesses, followed by air freight facilities, were early users of fully autonomous drones. The average warehouse worker spends around 80% of his time traveling throughout the warehouse, approximately 6.9 weeks each year. The most prevalent warehouse cobots aim to decrease needless walking by taking care of most of the transportation, freeing up staff to concentrate on picking and other revenue-generating duties. Cobots are collaborative robots that work alongside people to perform tasks.
However, according to post-pandemic industry research and analysis, this industry is predicted to reach $30 billion by 2026, growing at a nearly 14% compound annual growth rate between 2020 and 2026. This markets rise may be linked to the e-commerce industrys expansion, the expansion of multi-channel distribution networks, the globalization of supply chain networks, the introduction of robotic systems, and the growing demand for same-day delivery.
Warehouse Automation Solutions Market Segmentation
The warehouse automation solutions market is segmented by robot type, software, payload capacity, function, and industry vertical. Based on robot type, the market consists of mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, cartesian robots. By software, the market is divided into warehouse management system, warehouse control system, warehouse execution system. Based on payload capacity, the market is segmented into 0.5 kg - 10 kg, 11 kg - 80 kg, 81 kg - 180 kg, 181 - 300 kg, 301 - 900 kg, and more than 900 kg. Based on function, the market is segmented into pick & place, palletizing & de-palletizing, transportation, packaging. Based on industry vertical, the market is divided into e-commerce, automotive, electrical & electronics, metal & machinery, chemical, rubber & plastic, food & beverages, pharmaceuticals.
Warehouse Automation Solutions Market Country Analysis
Asia is the largest global market for industrial robots. China continues to be the largest automated robotic market, accounting for 36% of all installations. Apart from certain appealing countries such as the United Kingdom, the Nordic area, and France, Germany is the main center in Europe, with a 35% market share. The next wave of potential is likely to arise in Southeast Asia, India, and Australia, which are the APAC regions largest markets after China, Japan, and South Korea. This group of ten nations (SEA) is leading the use of robotics automation to keep pace with GDP growth of roughly 5%, however, pandemics have temporarily slowed this rise.
Warehouse Automation Solutions Market Share and Competition
The major players operating in the global warehouse automation solutions market are 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.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Robot Type Analysis (Revenue, USD Million, 2021 - 2028)
• Mobile robots
• Articulated robots
• Cylindrical robots
• SCARA robots
• Parallel robots
• Cartesian robots
Software Analysis (Revenue, USD Million, 2021 - 2028)
• Warehouse management system
• Warehouse control system
• Warehouse execution system
Function Analysis (Revenue, USD Million, 2021 - 2028)
• Pick & place,
• Palletizing & de-palletizing
• Transportation
• Packaging
Payload Capacity Analysis (Revenue, USD Million, 2021 - 2028)
• 0.5 kg - 10 kg
• 11 kg - 80 kg
• 81 kg - 180 kg
• 181 - 300 kg
• 301 - 900 kg
• More than 900 kg
Industry Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• E-commerce
• Automotive
• Electrical & electronics
• Metal & machinery,
• Chemical
• Rubber & plastic
• Food & beverages
• Pharmaceuticals
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o United States
o Canada
o Mexico
• South America
• Europe
o France
o Germany
o Italy
o Spain
o United Kingdom
o Austria
• Asia Pacific
o Russia
o China
o Japan
o India
o Philippines
o Malaysia
o Australia
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
Warehouse Automation Solutions Market Companies
• 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
• Wynright Corp
Available Versions
• United States Warehouse Automation Solutions Industry Research Report
• Europe Warehouse Automation Solutions Industry Research Report
• Asia Pacific Warehouse Automation Solutions Industry Research Report
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