What is Smart Warehouse Market Scope?
A smart warehouse refers to automating various components of the operation. It is equipped with interconnected technologies which increases the efficiency and productivity of the warehouse operations. In addition it decreases the human errors. Smart warehouse enables receiving, identifying, sorting, and organizing or goods automatically. These factors reduces the labor costs as minimum number of skilled labors are needed. Hence, the smart warehouse is becoming popular across the world. According to the International Federation of Robotics (IFR), it has estimated that in 2017, there were around approx. 2.1 million stand-alone industrial robots installed worldwide, with a shipment of approx. 381,000 units globally. In addition, Robot investments increased by 19% to a new record of 7,700 units in Italy. The French robot market was up by 16% to a new peak level of about 4,900 units. In Spain, sales of industrial robots further increased to a new peak of 4,200 units. Sales of Robot installations in all other Western European countries rose, except in Austria and Portugal
Influencing Trend:
Implementation of Internet of Things in Warehouses
Market Growth Drivers:
Increasing stock is leading to need of automation is fueling the market growth. Rising e-commerce industry is leading to increase in orders which is forcing the market players to build large capacity warehouse. This factor is contributing towards the implementation of automation in warehouse.
Challenges:
Security and Safety Issues may hamper the Market and Lack of Skilled Labors
Restraints:
High Costs Associated with the Implementation of Different Technologies
Opportunities:
Growing Use of Blockchain to Improve the Processes in Smart Warehouse, Increasing Adoption of Digitization in Supply Chain Management and Better Collaboration Between Stores, E-Commerce And Order Fulfillment
The Smart Warehouse market study is being classified by Type (Software and Services), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart Warehouse market throughout the predicted period.
KION (Germany), Dematic (United States), Honeywell Intelligrated (United States), SSI Schaefer (United States), Daifuku (Japan), Knapp (Austria), Toyota Industries (Japan), TGW (United Kingdom), Material Handling Systems (United States), Witron (Germany), Swisslog Logistics Automation (Switzerland) and Murata Machinery (Japan) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Smart Warehouse market by Type, Application and Region.
On the basis of geography, the market of Smart Warehouse has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In November 2018, Honeywell has acquired Transnorm. This acquisition strengthens the warehouse automation portfolio of Honeywell and broadens the distribution center offerings.
In January 2019, Ryder has announced the transformation of Ryder smart warehouses in Miami, Dallas and Chicago. These smart warehouses is equipped with advanced automation, flexible and instantly scalable operations.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Smart Warehouse Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Smart Warehouse Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Smart Warehouse industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.