According to the report by Expert Market Research (EMR), the warehouse automation market size reached a value of USD 20.14 billion in 2023. Aided by the rise of e-commerce, technological advancements, and reduced labour costs, the market is projected to further grow at a CAGR of 15.0% between 2024 and 2032 to reach a value of USD 70.71 billion by 2032.
Warehouse automation involves the use of various technologies and automated systems to perform a range of tasks in warehouses, including inventory management, material handling, and order fulfilment. This automation is aimed at improving efficiency, accuracy, and speed in warehouse operations, thereby reducing operational costs and increasing productivity.
The global warehouse automation market growth is primarily driven by the increasing demand for e-commerce and online retailing, which has led to a surge in the need for efficient and fast order fulfilment processes. Warehouse automation systems, such as robotic picking and automated storage and retrieval systems (AS/RS), play a crucial role in meeting these demands.
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Additionally, the advancements in technology, including robotics, artificial intelligence (AI), and the Internet of Things (IoT), have significantly enhanced the capabilities of warehouse automation systems. These technologies enable real-time monitoring, data analytics, and autonomous operations, making warehouses smarter and more responsive.
As per the warehouse automation market analysis, the growing emphasis on supply chain optimisation and the need for reducing human errors in warehouse operations have also contributed to the market growth. Automated systems can perform repetitive tasks with high precision and consistency, leading to improved accuracy and reduced labour costs.
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Moreover, the rise in labour costs and the challenges associated with workforce management have prompted companies to invest in automation as a means to streamline operations and enhance scalability. Automation allows warehouses to operate 24/7 without the constraints of human labour, providing a competitive edge in fast-paced industries, consequently driving up the warehouse automation market share.
Geographically, North America dominates the global warehouse automation market, owing to the presence of leading e-commerce companies and advanced logistics infrastructure. However, regions such as the Asia Pacific and Europe are also experiencing significant growth, driven by the increasing adoption of automation in emerging economies and the expansion of e-commerce.
The market is highly competitive, with key players such as KUKA AG, Daifuku Co., Ltd., Honeywell Intelligrated, and Swisslog Holding AG leading the market. These companies are continuously innovating and expanding their product offerings to meet the evolving needs of the industry and maintain their market positions.
Market Segmentation
The market can be divided based on the component, end user, and region.
Market Breakup by Component
- Hardware
- Robots
- Storage and Retrieval Systems
- Others
- Software
- Services
Market Breakup by End User
- Food and Beverage
- Post and Parcel
- Automotive
- Retail
- Pharmaceuticals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global warehouse automation market. Some of the major players explored in the report by Expert Market Research are as follows:
- ABB LTD
- KION Group AG
- Daifuku Co., Ltd.
- Fanuc Corporation
- Honeywell International Inc.
- Jungheinrich AG
- Kuka AG
- KNAPP AG
- Oracle Corporation
- SAP SE
- Mecalux, S.A.
- BEUMER Maschinenfabrik GmbH & Co. KG
- Others
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