Interact Analysis Sees Warehouse Automation Market Poised for High Growth
October 8, 2021
New research from Interact Analysis shows that the global warehouse automation market will grow from $29.6bn in 2020 to $69bn in 2025. The information has been released in the latest edition of the company’s global warehouse automation report.
Fixed automation such as AS/RS, conveyors and conveyor-based sorters
will remain the most common form of automation for the foreseeable
future, but there is a rapidly growing trend for warehouses to adopt
more flexible mobile automation solutions.
Warehouse automation revenues poised for high growth
Dematic and Honeywell Intelligrated continue to retain the greatest
market share. Dematic leads the way, with 10% of the market and
impressive revenue growth of 31% in 2020 (compared to 14% in 2019).
Meanwhile, Honeywell Intelligrated grew by 13% in 2020. Interestingly,
Knapp’s order intake grew by 55% in 2020 while their revenues decreased
by 1% due to project delays caused by the pandemic.
"We are at an interesting time where
the demand for distribution automation is generally as much if not more
about labor challenges than it is traditional cost reduction," said
Dan Gilmore, chief marketing officer at supply
chain software provider Softeon. He adds that "The growth in
DC automation is in turn fueling the demand for advanced Warehouse
Management and Warehouse Execution Systems - standalone or together - to
support optimization of distribution processes and orchestrate order
fulfillment across automated and more manual processes."
Kevin Mun, VP of Operations, AccuSpeechMobile added, ”Operations professionals are turning to technology to deliver greater productivity. Mobile solutions at the point of work such as voice automation, deliver productivity and accuracy benefits nearly immediately. Automating processes with voice and vision frees workers' hands and eyes for the task at hand. In the busy warehouse and distribution market, voice automation at the edge is a non-disruptive deployment and hence favored by operations professionals. Speeding and automating warehouse processes with voice is a powerful solution that more DC's are embracing.”