The North America Warehouse Automation Market would witness market growth of 17.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Warehouse Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16,575.9 million by 2031. The Canada market is experiencing a CAGR of 19.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.7% during (2024 - 2031).
Adopting warehouse automation technologies has been expedited as businesses have come to appreciate the advantages of enhanced efficiency, reduced operational costs, and enhanced accuracy. Companies increasingly view warehouse automation as a strategic investment rather than a short-term expense.
Additionally, this shift is driven by the potential for significant long-term returns on investment (ROI) through cost savings, increased efficiency, and improved accuracy. Organizations are adopting automation technologies to replace outdated systems and processes. Upgrading to advanced automation solutions helps companies stay competitive and meet the demands of modern supply chains.
The surge in online retail activities in Mexico drives the demand for efficient warehouse operations. Automated warehouses help manage the increasing volume of orders, improving order accuracy and speed in response to higher online shopping rates. According to the International Trade Administration (ITA), the domestic e-commerce industry was valued at USD 26.2 billion in 2022, representing a 23 percent increase over 2021. Mexico’s e-commerce sector value will reach USD 70.4 billion by 2027. Major e-commerce players, both local and international, are investing in large-scale fulfillment centers in Mexico. These centers leverage warehouse automation to handle high order volumes and streamline operations, reducing processing times and costs.
Free Valuable Insights: The Warehouse Automation Market is Predict to reach USD 66.6 Billion by 2031, at a CAGR of 18%
Based on Component, the market is segmented into Hardware (Autonomous Robots (AGV, AMR), Automated Sorting Systems, Automated Storage & Retrieval Systems (AS/RS), De-palletizing/Palletizing Systems, Conveyor Systems, and Automatic Identification & Data Collection (AIDC)), Software (Warehouse Management System (WMS), Warehouse Execution Systems (WES), and Labor Management Systems (LMS)), and Services (Installation & Integration, Consulting, Training & Education, Maintenance & Support, and Analytics & Reporting Tools). Based on Level, the market is segmented into Intermediate Automation, Basic Automation, Advanced Automation, and Autonomous Warehouses. Based on Application, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Electronics & Semiconductors, and Other Applications. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Level
By Application
By Country
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