Research Nester published a report titled “Warehouse Automation Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global warehouse automation market in terms of market segmentation by component, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global warehouse automation market is estimated to grow at a CAGR of ~15% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of end-user into healthcare, electric & electronics, fast moving consumer goods (FMCG), and others, out of which, the fast-moving consumer goods (FMCG) segment is projected to gain the notable share over the forecast period on account of owing to the growing consumer population, and increasing demand for variety of products. The number of manufacturing industries is also increasing, resulting in higher number of warehouses. Moreover, FMCG requires efficient and fast-paced handling of goods, which can be provider by automation. These factors are estimated to boost the segment growth.
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The global warehouse automation market is foreseen to grow on account of technological advancement in the field of robotics and automation, growing adoption of this technology, and increasing dependence on robots amongst various end-user industries. The growth in production and sales of various products, including, automotive, fertilizers, food and beverages, cosmetics and personal hygiene goods, medicals equipment and drugs, construction machinery, and packaged edible items, among others, has led to increased demand for warehouses to store these goods. The total number of warehouses have increased significantly worldwide. Around 18,200 warehouses functioned worldwide in 2018. These factors are estimated to boost the market growth.
On the basis of geographical analysis, the global warehouse automation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share over the forecast period owing to the high adoption of robotics and automatic technology in the developed countries, such as, the U.S. and Canada. United States has around 0.35 robots working per 1000 individuals. Moreover, lack of cheap and abundant labors in the North America region is further expected to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Adoption of Automation Technology to Propel the Market Growth
The rising dependance on machines and technological advancement has changed the dynamics of every industry across the globe. The various advantages of automation, such as, lower cost, higher accuracy, faster speed, and less chances of accidents, are estimated to boost the market growth.
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However, availability of cheap labor in low-income countries is expected to operate as key restraint to the growth of the global warehouse automation market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global warehouse automation market which includes company profiling of KUKA Aktiengesellschaft, SPAN Trading LLC., Swisslog, Honeywell International Inc., AutoStore AS, Godrej & Boyce Manufacturing Co. Ltd., OPEX Corporation, Hyster-Yale Materials Handling, Inc., and Linde Material Handling GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global warehouse automation market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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