Scope of the Study
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
The market study is being classified by Type (Software and Services) and major geographies with country level break-up.
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.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart Warehouse market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- 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.
- Implementation of Internet of Things in Warehouses
- High Costs Associated with the Implementation of Different Technologies
- Growing Use of Blockchain to Improve the Processes in Smart Warehouse
- Increasing Adoption of Digitization in Supply Chain Management
- Better Collaboration Between Stores, E-Commerce And Order Fulfillment
- Security and Safety Issues may hamper the Market
- Lack of Skilled Labors
Market Leaders and their expansionary 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 AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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