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DUBLIN, Dec. 29, 2023 /PRNewswire/ — The “Warehouse Automation Marketplace: By Technology (AGV/AMR, ASRS, Conveyors, Sorting, Order Picking, AIDC, Palletizing and WMS/WES/WCS), through Industry (E-Trade, Groceries, Apparel, Catering, Pharmaceuticals), through Regions” has been added to the ResearchAndMarkets. com offering.
Warehouse Automation Market is expected to touch the mark of $44 Billion by 2028, at a CAGR of almost 15% between 2023 and 2028.
2021 witnessed a huge order intake for warehouse automation companies but revenue growth was limited due to supply chain constraints. As a result, the industry entered 2022 with a record order backlog which was reduced in 2023 due to slowdown and macro uncertainties. Entering 2024, companies have started receiving the orders once again but retailers are still cautious about capital expenditure due to low consumer spending, high inflation, and geopolitical tension.
The expansion of this market can be attributed to the expansion of the e-commerce industry, multi-channel distribution channels, penetration of e-commerce, globalization of source chain networks, emergence of autonomous cellular robots, and the growing need to have the same day/time of delivery. The e-commerce crisis is exacerbating major demanding situations facing the $5 trillion global logistics industry.
Not only are shipping volumes growing rapidly, but online retail also requires more logistics boxes per item than brick-and-mortar retail. This is because buying food online requires individual picking, packing, and shipping, unlike classic bulk retail transportation models.
The fourth edition of these Marketplaceplaceplaceplace studies is a detailed Marketplaceplaceplaceplace study of over 700 players (part of the unique Marketplaceplaceplaceplace map), 10 solutions, 7 industries, and 30 countries along with over 500 pages, 350 Marketplaceplaceplaceplace tables, 290 exhibits, and more. of 140 corporate profiles. The studies are validated through more than one hundred in-depth interviews along the price chain with component and generation suppliers, integrators and formula manufacturers, software and service providers, as well as end-user business sectors.
Of course, the warehouse automation trend was in place before Covid-19, but the global pandemic has forced corporations to replace their warehouse automation strategy from “good to have” to “must-have” if necessary sustainability in this industry. One of the lessons of the COVID-19 pandemic is that megatrends such as population aging, globalization, fitness and security, mobility, green logistics, the autonomous world, urbanization, individualization, and digitalization want to be taken into account and weighted more than before. with a long-term vision so that we are in a position to face any challenge.
Post-pandemic, the most important and emerging trends have been the expansion of online feeding, micro-fulfillment centers, automated picking, combined pallet automation, mobile handlers, and automated cold storage. Large investments in start-ups such as Symbotic, Takeoff Technologies, Geek, Fabric, Attabotics, Exotec Solutions, Hai Robotics, Addverb Technologies, and Dexterity are testament to this expansion, as well as the presence of existing major players such as Dematic, Honeywell Intelligated, SSI Schafer, Knapp, Daifuku, Muratec, AutoStore, and Toyota. Retailers such as Walmart, Kroger, Coop, Target, Woolworths, Amazon, Ocado, Meijer, Carrefour, H-E-B, Albertsons, and Ahold Delhaize have already begun to adopt and enforce those new technologies during the pandemic.
Apart from this, portion picking players like Righthand Robotics, Nimble, Fizyr, Kindred, Covariant, OSARO, Plus One Robotics, Berkshire Gray, and AWL have created an exciting new capability for order picking in e-commerce processing, because picking is the bare minimum. automated process in existing warehouses.
Facts to Know
Global e-commerce sales have grown at a CAGR of 20% over the past decade, reaching just about $5 trillion globally in 2021, and are expected to reach more than $8 trillion through 2027. Online retail sales have increased from 2% of the total to 19%, and are expected to reach > 25% by 2030.
Amazon Robotics is automating the company’s distribution centers using more than 750,000 autonomous mobile robots, a 25-fold increase from 30,000 at the end of 2015. Amazon has been betting on playing catch-up to meet the needs of sources. Demand: Fulfillment costs as a percentage of net sales increased from about 15% in 2020 to 16-17% in 2022. The company created a $1 billion venture investment program called the Amazon Industrial Innovation Fund (AIIF) to drive innovation in visitor satisfaction, logistics, and supply chain.
Walmart announced has partnered with Symbotic to reimagine the retailer’s regional distribution network. Symbotic first implemented its system in Walmart’s Brooksville, Florida distribution center in 2017. Since that time, the companies have worked together to optimize the system. In July 2021, Walmart announced its partnership with Symbotic to implement their high-tech automation system in the regional network and planned to implement this technology in 25 of their 42 RDCs. In May 2022, both expanded
Commercial agreements to deploy Symbotic’s robotics and software automation platform in Walmart’s 42 regional distribution centers over the next few years.
Zalando, Europe’s leading online fashion and lifestyle platform, has opened its third distribution centre in Poland. This acceleration marks a vital milestone in the expansion of Zalando’s logistics network with two Polish distribution centers serving Zalando’s growing visitor base and a logistics site supporting Zalando. In-salon deliveries.
Labor shortages in warehouses are also an issue, with spikes in hard work requiring you to go to major holidays to buy groceries, namely Black Friday, Cyber Monday, Amazon Prime Day, Thanksgiving, and Singles’ Day. Peak hours to meet visitor drop-off schedules. Supply chain robot company Cainiao had installed more than 700 robots in China’s largest robot warehouse to process orders on Singles’ Day.
2022, the first year in the history of Singles’ Day. Alibaba refused to release its sales data, saying only that its sales were “in line” with those of 2021. Its rival, JD. com, Inc (China’s second-largest retailer) also declined to release sales figures for the first time, even though it described its sales as “record-breaking. “Singles’ Day 2022 sales volume across all platforms ranges from $130 billion to $150 billion, an increase of between 3% and 13% compared to 2021. Analysts expect a low percentage expansion for Singles’ Day 2023.
What will you get in this report?
Over 500-page market report with over 290 exhibits for 7 major verticals and 10 technologies
Bottom-up research of the warehouse automation market in more than 20 countries and regions
In-depth research of 700 ecosystem corporations with more than 140 corporate profiles
Group discussion with over a hundred key industry stakeholders along the price chain to collect first-party data to validate the analysis.
Excel Log with Fundamental Modeling and 350+ Market Chart Forecasts to 2028
2 analyst sessions or more
Top investment points with more than 150 mergers and acquisitions and more than 750 financing deals
Key Topics Covered:
Warehouse Automation Business Model, Drivers, and Trends
Business Model
Robotics as a Service (RaaS)
Economics of Warehouse Automation
Critical Factors Affecting Return on Investment
COVID-19 pandemic: impact on warehouse automation
Immediate and impactful
Logistics Automation: Crisis or Opportunity
Emerging after COVID-19
electronic groceries
Urban Warehouses & Micro-Fulfillment
Investment Growth
Warehouse automation drivers and trends
The Growth of the Market
E-commerce is the main driver of warehouse automation expansion
Ultra-fast delivery requires more automation
Robotics and automation: key success factors for order fulfillment
Online grocery shopping is poised for the next revolution and may be the prime candidate for warehouse automation.
Order Picking Remains a Robotic Challenge
Storage area is limited.
Developers are testing multi-storey warehouses in the markets.
Challenges to Warehouse Automation
Start-up costs
Flexibility
Innovation
Warehouse automation market, through technology
Conveyors and sorting systems
Aerial Systems
Gantry Robots
Automated Storage and Retrieval System (AS/RS)
Palletizing/De-palletizing Systems
Automatic capture of identity and knowledge.
From bar-codes to image reading
The one on Android
Growth of wearables
Autonomous Guided Vehicles (AGV) & Autonomous Mobile Robots (AMR)
Order Picking
Optimization with voice technology
Generating voice popularity in the warehouse.
Benefits of Analytics
Robotic parts picking reaches a tipping point
Collaboration
WMS, WES, WCS
MRO services
Emerging Technologies
Warehouse Drones
Vertical Solutions
Underground Logistics
To learn more about this report, please visit: https://www. researchandmarkets. com/r/ny0eaj
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