Growth in implementation of advanced technologies in warehouses propels growth of the warehouse automation market.

According to a new research report by Next Move Strategy Consulting, the Warehouse Automation Market size was valued at USD 23.84 billion in 2023, and is projected to reach USD 54.60 billion by 2030 at a CAGR of 11.7% from 2023 to 2030.

Implementation of advanced technologies such as artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) is being used in warehouses to improve efficiency and accuracy. These advanced technologies optimize inventory management, enable real-time tracking of goods, and automate routine tasks, which drives growth of the warehouse automation market.

On the contrary, automated warehouse systems are expensive to set up and maintain, making them difficult for small companies to afford and operate without technical expertise. This limits their adoption and growth in the industry.

However, emergence of industry 4.0 focuses on utilizing smart digital technologies such as AI, ML, and IoT to create a connected ecosystem that can easily share and analyze data of warehouses in real-time. It also includes use of robotics, which enhances digital integration and is less prone to disruptions in operational processes, creating new opportunities for players operating in the warehouse automation market.

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According to the report, leading players in the warehouse automation market include Honeywell International Inc., Kion Group, SSI Schaefer, Vanderlande Industries, Daifuku, Omron Corporation, Schneider Electric, ABB Ltd, TGW Logistic Group, Toshiba Corporation, Knapp AG, Locus Robotics, Yaskawa Electric Corporation, Kuka AG, and Material Handling Systems Inc.

Key Insights from the Warehouse Automation Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the warehouse automation market is provided in the report.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
• The market share of the players in the global warehouse automation market along with their competitive analysis is provided in the report.