Warehouse Automation Industry - Regional Synopsis
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 Asia Pacific industry is likely to dominate majority revenue share by 2037 on the back of rapid industrial development, coupled with the growing automotive industry and demand for enhanced material handling solutions in the region. Moreover, growing consumer goods manufacturing industry in the countries, such as, India, Japan, Korea, and China, is estimated to boost the market growth. For instance, manufacturing contributes to around 30% of the economy of China.
The warehouse automation market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing adoption of robotics and automatic technology, along with higher labor cost in the region. Moreover, increasing focus on the adoption of industrial internet of things (IIoT) is also expected to create significant growth opportunities for market growth in the region.
