AI in Warehousing Market Share

  • Report ID: 6608
  • Published Date: Oct 29, 2024
  • Report Format: PDF, PPT

AI in Warehousing Market Share

North America Market

North America in AI in warehousing market is expected to hold over 41.5% revenue share by the end of 2037. The early introduction of online shopping and e-commerce platforms substantially drives the adoption of AI technologies in warehouses. Furthermore, the digitalization trend coupled with continuous investments in innovations is leading to the development of advanced technologies for inventory management, warehouse optimization, supply chain visibility, and order picking and sorting.

In the U.S., the majority of people prefer buying goods through online platforms and the e-commerce boom in the country is fuelling high demand for AI in warehousing. According to a report, around 284.6 million online shoppers will be recorded in the U.S. in 2025.

In Canada, the rapidly expanding e-commerce platforms and high usage of advanced AI solutions in warehouses, logistics, and transportation applications. The country has some of the best minds in the field of artificial intelligence. One such is the Scale AI based in Montréal which offers excellent digital technologies for several industries including warehouses, logistics, and transportation. The National Research Council of Canada is also supporting Scale AI in developing AI-powered tools to expand the logistic sector in the country.

Asia Pacific Market Statistics

In Asia Pacific, the adoption of AI in warehousing is expected to increase at a fast pace during the forecast period. Several start-ups are entering the e-commerce sector and developing online platforms that offer multiple benefits and discounts, which leads to high online product sales. This further increases the load on warehouses fuelling the adoption of AI technologies to streamline the workflows and enhance productivity.

In India, companies are continuously developing innovative solutions to improve operational efficiency in warehouses. For instance, in June 2024, Affordable Robotic & Automation Ltd. (ARAPL) revealed that in the next 6 months, it is set to develop autonomous forklifts and Latent Lift robots to boost efficiency and safety in warehouse operations. The country also has a massive presence of online shoppers, which is contributing to the AI in warehousing market growth. According to the India Brand Equity Foundation, the country has around 936.16 million active internet users and over 350 million mature online users who continuously engage in transactions.

China with its largest e-commerce sector is significantly driving the adoption of AI in warehousing. AI is drastically helping warehouse operators to forecast demand due to their advanced algorithms. The e-commerce and logistics companies such as Alibaba and Cainiao in the country majorly employ AI technologies to enhance their supply chain operations.

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Author Credits:  Abhishek Verma


  • Report ID: 6608
  • Published Date: Oct 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global AI in warehousing market will be valued at USD 13.5 billion in 2025.

Expanding at a CAGR of 27.2%, the global market is expected to increase from USD 10.6 billion in 2024 to USD 242.2 billion by 2037.

Some leading companies are Amazon Web Services (AWS), Microsoft Corporation, Google LLC, IBM Corporation, Honeywell International, and Siemens AG.

The hardware segment is estimated to capture a strong 43.3% of the market share through 2037.

North America is expected to hold 41.5% of the global market share through 2037.
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