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Warehouse Automation Market Trends

  • Report ID: 3587
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Warehouse Automation Market Trends

Growth Drivers

  • Growing Advancements in Robotics and Automation Technology
  • Increasing Number of Warehouses
  • Rising Demand to Reduce Labor Expenses

Challenges

  • Availability of Cheap Labor in Low-Income Countries
  • Slow Adoption of Automation Technology

Warehouse Automation Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

15.7%

Base Year Market Size (2023)

USD 18.15 billion

Forecast Year Market Size (2036)

USD 120.84 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Richa Gupta


  • Report ID: 3587
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of warehouse automation is estimated at USD 20.43 billion.

Warehouse Automation Market size was valued at USD 18.15 billion in 2023 and is likely to reach USD 120.84 billion by 2036, expanding at around 15.7% CAGR during the forecast period i.e., between 2024-2036. The growing adoption of automation technology, and increasing number of warehouses to boost the market growth.

Asia Pacific industry is estimated to dominate majority revenue share by 2036, owing to rapid industrial development, coupled with growing automotive industry and demand for enhanced material handling solutions in the region.

The major players in the market are KUKA Aktiengesellschaft, SPAN Trading LLC., Swisslog, Honeywell International Inc., AutoStore AS, and others.
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