According to the research report titled, ‘Global Warehouse Automation Market Size study, by Component (Hardware, Software), End-user (Food and Beverage, Post and Parcel, Groceries, General Merchandise, Apparel, Manufacturing), and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global warehouse automation market is expected to grow significantly during 2021-2027.
 

Rising adoption of industrial IoT technology, rapid urbanization, and surging e-commerce sales are propelling the growth of global warehouse automation market.
 

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For the unversed, warehouse automation is known to offer considerable convenience in terms of overall business cost reduction and lowering product delivery issues. As per DHL, a well-known 3PL company and a major user of these systems, nearly 80% of the warehouses across the world   still function manually without any automation support.
 

In addition, increasing utilization of artificial intelligence solutions, growing adoption of robotic systems in warehouse automation, and prompt development in automation technologies are augmenting industry outlook.
 

On the downside, dearth of skilled labor and mechanical problems associated with the integration of these technologies are likely to hamper the remuneration scope of global warehouse automation market in the ensuing years.
 

Based on component, the marketplace is bifurcated into hardware and software, whereas, segmentation by end-users include manufacturing, food and beverage, apparel, groceries, post and parcel, and others.
 

These segments are thoroughly assessed in the report to determine the accurate size and scope of this marketplace.
 

Regionally speaking, Latin America, North America, Europe, and Latin America are considered to get a better picture of  the dynamics of this business sphere. Among these, North America market is projected to showcase lucrative progression trends during 2021-2027 owing to the high concentration of key players and rising research and development activities in the region.
 

Mecalux  S.A., Kardex Group, TGW Logistics Group GmbH, KNAPP AG, Murata Machinery Ltd., Jungheinrich AG, Honeywell Intelligrated (Honeywell International Inc.), Swisslog Holding AG (KUKA AG), Daifuku Co. Ltd.,  and Dematic Group (Kion Group AG) are the key players defining the competitive hierarchy of global warehouse automation market.
 

The above-mentioned companies are undertaking various strategic decisions like mergers & acquisitions, new product launches, research & development investments, partnerships, and collaboration deals so as to strengthen their foothold in the overall market and garner substantial returns.