Warehouse Automation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Hardware, Software, Service), By Automation Level (System Automation, Mechanized Automation, Semi-Automated, Fully Automated), By Technology (Automated Storage And Retrieval Systems (AS/RS), Autonomous Mobile Robots (AMRs), Automatic Guided Vehicles (AGVs), MRO Outbounds,

Global Warehouse Automation market is predicted to proliferate during the forecast period due to the rapid growth of the E-commerce industry. Warehouse automation is the process of automating inventory movement into, within, and out of warehouses to customers with the least amount of human intervention. During an automation project, a company can get rid of labour-intensive tasks that need repeated physical labour, manual data input, and analysis. In addition, to avoid manual operations and expedite order selection procedures, warehouses deploy highly automated technology for more complicated products handling flows, comprising conveyors, automatic sorters, AGVs (Automated Guided Vehicles), a robotic picking system, and automatic palletizers. The companies are progressively using this technology to reduce handling and storage costs, human error, enhanced data accuracy and analysis, reduced stockout events, improved customer service and order fulfilment accuracy. Numerous innovations are carried out in empowering the modern warehouse with automation technology such as cobotics, warehouse drones, mobile shelving. Furthermore wireless fleet management and supply chain as a service are helping service providers to offer an effective solution to the enterprises that are enhancing the features of warehouse automation.

Automation does also play a great role in enterprise solutions for streamlining business operations, maximizes workforce capacity and efficiency, eliminates errors, improves technology investments and hyperautomates digital workflows

Increasing Growth of the E-Commerce Industry

Comscore, global leader in media measurement digital e-commerce market in 2022 had hit around USD 1.09 trillion in the United States.

Growing Autonomous Drones for Warehouse Management

Autonomous drones aren't simply a futuristic technology that may be deployed in a few decades; they are now being used in several warehouses to carry out the most difficult inventory counts. Drones can be used for intralogistics and automatically checking inventories. Drones are made possible by recent technical advancements like optical navigation and sensors. Warehouse managers may reduce tiresome and unsafe tasks by using drones for these applications. Drone-driven warehouse automation is made possible by new scanning technologies such as bar codes, QR codes, RFID, and artificial intelligence (AI). Furthermore, the construction of scalable drone applications is made possible by the onboard processing capacity and effective algorithms.

Growing Use of Robotics in Warehousing is Stimulating the Market Growth

according to the Association for Advancing Automation (A3), robot sales hit a new record in North America with 12,305 robots sold in Q2 2022, a 25% increase in unit orders over the same period in 2021

Growing Use of Internet of Things (IoT) In the Industry

For instance, based on the state of IoT-Spring 2022 report, the number of connected IoT devices grew by 18% from 12.2 billion to 14.4 billion globally

Recent Advancements

In Jan 25, 2023, Jungheinrich AG, a German intralogistics pioneer announced the acquisition of Indiana-based Storage Solutions group (“Storage Solutions”) to gain enhanced access to the attractive U.S. warehousing and automation market. The company has entered into a share purchase agreement with Merit Capital Partners, MFG Partners, with an aim to acquire all the outstanding shares of storage solutions.

In Jan 24, 2023, Numina Group, a warehouse automation company, announced the development of “Pakt” warehouse automated packing and shipping technology for fulfillment operations in distribution centers. The “Pakt” has the capacity to scan, weigh, and do visual audits, guaranteeing that the right items have been chosen and put in the right shipping container.

In Aug 22, 2022, Smart Robotics, a global leader in picking automation as a service for warehouses and logistics processes, announced the launch of “cobot - the Smart Fashion Picker”. The system guarantees dependable and uninterrupted functioning and doesn't call for any specialized training from its users. Not to add, it can be securely used by people with different ability levels.

Market Segmentation

Company Profiles

ABB Ltd., Bastian Solutions LLC, Yaskawa Electric Corporation, Siemens AG, Dematic Group (Kion Group AG), Daifuku Co. Limited, Swisslog Holding AG (KUKA AG), Honeywell Intelligrated (Honeywell International Inc.), Jungheinrich AG, Fanuc Corporation