Warehouse Automation Market Overview:
In 2020, COVID-19 amplified both labour shortages and the pressure on global logistics networks, driving even more investment into Warehouse Automation Market. As per the study estimations that post-COVID-19, warehouse automation is projected to attract nearly 15% more investment in the next 4-5 years than previously foreseen.
The definitions, categories, applications, and industrial chain structure as they stand at the time of writing were examined in the Warehouse Automation Market Research Report. The study offers unbiased, expert analysis of the market’s current condition, historical performance, rates of production and consumption, demand and supply, and projected income generation predictions. The strategic goals of the leading businesses in this sector are also covered in the market study on Warehouse Automation. The study takes into account a variety of business and government transactions, mergers and acquisitions, brand marketing, product launches, alliances and collaborations, and business and government transactions.
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Warehouse Automation Market Trends:
Heightened Use of Robots– Robots have considerably taken up notable functions in warehouses across the globe. It’s expected that by the end of the year 2025, robotic warehouses should be nearby 50,000, and robot installations above 4 million.
Demand for the Internet of Things (IoT) to Remain High– the IoT is fuelling current warehouse automation trends. It’s aiding transform the modern warehouse into a connected & coordinated unit. The improved IoT sensors and reduced costs are expected to increase the popularity of IoT in warehouses in 2021. The IoT permits you to connect & monitor your warehouse robots, pallets, drones, equipment, inventory and beacons. It also allows you to supervise your employees remotely in real-time.
E-Commerce Fulfilment Driving Up Demand for Warehouse Automation in Robotics:
The Warehouse Automation Market’s E-commerce application segment is anticipated to experience the highest CAGR of 12.5% between 2021 and 2027, followed by Grocery. The demand for warehouse automation equipment will be driven primarily by e-commerce and grocery, with high double-digit growth projected through 2026. Major economies like Central & Eastern Europe, India, Indonesia, and South America, where historically there is a very low penetration of such solutions, are also driving the demand for automation solutions as a result of the growth of e-commerce. Modern warehouse space is in high demand in developing economies.
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Warehouse Automation Market Key players:
- Daifuku Co. Limited
- Geek+
- Swisslog Holding AG (KUKA AG)
- Honeywell Intelligrated (Honeywell International Inc.)
- Jungheinrich AG
- Murata Machinery Ltd
- Knapp AG
- Amazon
- Lucas Robotics
- TGW Logistics Group GmbH
- Kardex Group
COVID-19 Impact on Warehouse Automation market:
Warehouse Automations’ market has been significantly impacted by the COVID-19 outbreak. The development of Warehouse Automation production facilities has been halted due to the global economic downturn and a labour shortage. Production utilisation has decreased significantly and steadily as a result of the COVID-19 pandemic. Additionally, travel restrictions and facility closures have prevented staff from visiting their facilities, which will limit the growth of the Warehouse Automation market in 2020. The market repercussions of COVID-19 are expected to be short-lived due to the high demand for Warehouse Automation, though. The industry is anticipated to fully recover by early 2021.
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