The warehouse automation market is set to grow from its current market value of more than $26.5 million to over $115.8 billion by 2034, as reported in the latest study by Global Market Insights, Inc.
“The increasing need for streamlined, cost-effective operations across warehouse facilities. As businesses grapple with rising labor shortages and surging e-commerce demand, many are turning to automation technologies such as autonomous mobile robots (AMRs) and automatic storage and retrieval systems (AS/RS) to optimize routine processes,” the study says.
Key takeaways:
· The market is witnessing a substantial shift toward automation as businesses seek to address the rising expectations for shorter delivery times and flawless operations.
· Additionally, the growing adoption of cloud-based warehouse management systems (WMS) and predictive analytics is enabling organizations to make data-driven decisions that further refine their logistics processes.
· The increasing prominence of micro-fulfillment centers in urban areas, designed to meet the surging demand for same-day or next-day deliveries, is also contributing to the accelerated growth of the warehouse automation market.
· Advancements in robotics and artificial intelligence (AI) are transforming warehouse operations by driving improvements in order fulfillment speed and operational precision. Companies are investing heavily in AI-driven solutions to manage inventory more effectively, boost picking and sorting accuracy, and reduce operational errors.
· The hardware segment, which includes robotics, conveyor systems, and automated storage solutions, is projected to grow at a CAGR of 15.3% by 2034.
· Warehouse types are also playing a pivotal role in the market's expansion, with e-commerce fulfillment leading the way. The e-commerce fulfillment segment is expected to reach $31.3 billion by 2034. A key trend within this segment is the implementation of space-efficient storage systems and the establishment of micro-fulfillment centers in urban locations to meet rising consumer expectations for same-day or next-day delivery.
· The North America warehouse automation market accounted for a 35.6% share in 2024, with the region experiencing a surge in the adoption of robotics and AI-powered solutions to improve warehouse efficiency.
