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Warehouse Automation Market Opportunities worth $41 Billion by 2027 - LogisticsIQNEW DELHI, May 9, 2022 /PRNewswire/ -- As per LogisticsIQ latest market research and analysis, warehouse automation market is expected to touch the mark of $41 Billion by 2027, at a CAGR of almost 15% between 2022 and 2027. The growth of this market can be attributed to the growth in the e-commerce industry, multichannel distribution channels, e-grocery penetration with dark stores & ultrafast delivery services, globalization of supply chain networks, emergence of autonomous mobile robots and rising need for same day / same hour delivery. The boom in e-commerce is compounding the major labour challenges faced by the $5T global logistics industry. Not only are shipment volumes growing rapidly, but online retail also typically requires more logistical work per item than brick & mortar retail. Indeed, online purchases require individual picking packing and shipping, as opposed to the bulk transportation models of traditional brick & mortar retail. Download a Free Sample of our report on the Warehouse Automation Market. Year 2021 witnessed a huge order intake for warehouse automation companies but revenue growth was limited due to supply chain constraints. As a result, industry has also entered in 2022 with a record order backlog which is great sign for the future potential of this market. Order intake has been led by Dematic with more than $5 Billion in 2021 followed by Honeywell Intelligrated (~50% YoY growth) and Daifuku (~30% YoY growth). Our 3rd version of this market study is having a detailed market analysis of more than 650+ players (part of our exclusive Market Map), 10 solutions, 7 industries and 30 countries along with 550 pages, 355 Market Tables, 293 Exhibits and 134 Company Profiles. Analysis is validated through 100+ in-depth interviews across the value chain with components and technology providers, system integrators & manufacturers, software and services providers, and end-user industry verticals. Post pandemic, most important and emerging trends have been Online Grocery growth, Micro-Fulfillment Centers, Dark Stores and automated cold storages. Huge investment for start-ups like Takeoff technologies, Fabric, Attabotics, Exotec Solutions, Hai Robotics, Addverb Technologies, SEER, Dexterity, Nuro, and Youibot are witnessing this growth along with presence of existing big players like Dematic, Honeywell intelligrated, SSI Schafer, Knapp, Daifuku, Muratec, AutoStore, and Toyota Advance Logistics. Retailers such as Walmart, Kroger, Cop, Woolworths, Amazon, Ocado, Meijer, Carrefour, H-E-B, Albertsons, and Ahold Delhaize have already started adopting and implementing these new technologies during pandemic. Apart this, piece picking players such as Righthand Robotics, Nimble, Fizyr, Kindred, Covariant, OSARO, Plus One Robotics, Berkshire Grey, and AWL have established a new attractive capability for order picking in ecommerce fulfillment as picking is least automated process in existing warehouses. Highlights
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Read full report on the Warehouse Automation Market Size, Growth, Share, Trends, and Forecast About LogisticsIQ LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients. Media Contact Logo: https://mma.prnewswire.com/media/1758986/Logistics_iq_Logo.jpg |