The Warehouse Automation Global Market Report 2023 by The Business Research Company, provides warehouse automation market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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In accordance with The Business Research Company's comprehensive Warehouse Automation Global Market Report for 2023, the expansive landscape of the global warehouse automation sector is poised for a remarkable ascent. The market, which reached a valuation of $17.32 billion in 2022, is projected to surge to $19.78 billion by 2023, boasting an impressive compound annual growth rate (CAGR) of 14.2%. However, the geopolitical upheaval stemming from the Russia-Ukraine conflict has cast a shadow on the global economic resurgence in the immediate aftermath of the COVID-19 pandemic. The repercussions include far-reaching economic sanctions, a palpable escalation in commodity prices, and notable disruptions in supply chains. This multifaceted impact has precipitated inflationary trends across diverse goods and services, exerting considerable influence on various global markets. Despite these challenges, the warehouse automation market is forecasted to exhibit sustained growth, reaching a substantial market size of $33.59 billion by 2027, once again propelled by a resilient CAGR of 14.2%.

The rise in e-commerce sales will drive the growth of the warehouse automation market. As retailers struggle to keep up with the increasing volume of orders and their last-mile delivery needs, warehouse automation is briskly turning into the trump card for those who are looking for a leg up on the competition, especially in the competitive e-grocery market.

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The warehouse automation market is segmented:

1) Warehouse Automation Market By Type: Conveyor/Sortation Systems, Automated Storage and Retrieval Systems (AS/RS), Mobile Robots, Warehouse Management Systems (WMS), Automatic Identification and Data Capture (AIDC)

2) Warehouse Automation Market By Component: Hardware, Software

3) Warehouse Automation Market By Function: Inbound, Picking, Outbound

4) Warehouse Automation Market By End User: General Merchandise, Healthcare, FMCG/Non-durable Goods, Other End Users

In the dynamic landscape of warehouse automation, a prominent trend gaining widespread traction is the substantial investment in research and development (R&D) activities. Companies within the warehouse automation sector are strategically allocating resources towards R&D facilities to catalyze their new product development initiatives, thereby establishing a formidable competitive advantage. Notably, in November 2021, Honeywell International Inc., a distinguished US-based conglomerate specializing in building technologies, safety & productivity solutions, and performance materials & technologies, unveiled ambitious plans. The company is set to inaugurate an advanced R&D testing facility in the Czech Republic exclusively dedicated to its Honeywell Intelligrated warehouse automation business. This strategic move is geared towards addressing the escalating demand for cutting-edge technologies that underpin secure and highly accurate supply chains. The facility serves as a nexus for Honeywell's adept software and hardware engineers, fostering an environment conducive to designing, prototyping, and rigorously testing innovative warehouse automation systems. These systems, integral to logistics companies, are meticulously crafted to enhance the overall efficiency, accuracy, and throughput of package handling within warehouses and distribution centers. This transformative investment underscores the industry's commitment to pushing the boundaries of technological innovation, ensuring a seamless and optimized future for warehouse automation.

The warehouse automation market report table of contents includes:

1. Executive Summary

2. Warehouse Automation Market Characteristics

3. Warehouse Automation Market Trends And Strategies

4. Warehouse Automation Market – Macro Economic Scenario

5. Warehouse Automation Market Size And Growth

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26. Africa Warehouse Automation Market

27. Warehouse Automation Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Warehouse Automation Market

29. Warehouse Automation Market Future Outlook and Potential Analysis

30. Appendix

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https://www.thebusinessresearchcompany.com/report/warehouse-automation-global-market-report

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