Whereas the worldwide pandemic made 2020 a difficult yr for warehouse automation suppliers, the energy of shopper on-line shopping for patterns, and demand in sectors resembling normal merchandise, meals & beverage, in addition to parcel supply, helped the general warehouse automation market develop by 6% in 2020, in accordance a lately revised research from Work together Evaluation, a U.Okay.-based analyst agency that tracks the warehouse automation market.
In a latest weblog put up, Rueben Scriven, senior analyst for Work together Evaluation, acknowledged due to the continued rise of on-line buying and robust demand for normal merchandise, Work together Evaluation has adjusted its warehouse automation figures for 2020 upwards from its earlier 2020 estimate, made in September 2020. In that earlier research, the prediction was for a -2% decline for the market in 2020 in comparison with 2019, however now with additional evaluation and knowledge from distributors, Work together figures the market had 6% progress for the yr. The primary causes have been greater than anticipated demand for warehouse automation within the normal merchandise, meals & beverage, and parcel supply sectors.
The demand for warehouse automation in these sectors offset constrained demand for warehouse automation in sectors such because the sturdy and non-durable manufacturing. In these sectors, particularly in Asia Pacific, points together with manufacturing unit shut-downs and hesitancy to spend money on capital gear throughout a pandemic, dampened the market. Nonetheless, the sturdy demand for normal merchandise and plenty of sorts of shopper items, more and more purchased on-line throughout the pandemic, drove the necessity for automation, which greater than offset the damaging results of the pandemic on the warehouse automation market. Below Work together’s revised 2020 figures, warehouse automation skilled 9% progress within the normal merchandise sector in 2020 (Work together locations Amazon on this sector), and 11% progress for warehouse automation in parcel supply, which performed into the general 6% progress.
Scriven famous in his put up that whereas there have been vital challenges for warehouse automation within the sturdy and non-durable manufacturing, “the pandemic had the converse impact of boosting financial exercise in some sectors as individuals stayed secure and on-line buying boomed. Because of this, the parcel and normal merchandise sectors contributed probably the most to income progress in 2020.”
Moreover, the put up notes that prospects for progress over the long run are actually trying more healthy than beforehand forecast, leading to a market measurement of simply over $60 billion in 2024, 13% greater than Work together’s earlier forecast.
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