The GCC Warehouse Automation Market size was valued at around USD 14.46 billion in 2022 is estimated to grow at a CAGR of about 19.2% during the forecast period 2023-28.
The most trustworthy statistical data, professional judgments, accurate definitions, significant insights, SWOT analysis, and the most recent developments are all used in the MarkNtel Advisors GCC Warehouse Automation Market Research Report to provide a comprehensive assessment of the industry's current state. It contains forecasts that are supported by reasonable presumptions and techniques. The research provides insightful analysis by exploring market segments.
It focuses on outlining specialized markets, potential threats, and thorough analyses of competitive strategy, taking into account the market's growth trajectory, competitive environment, and development models across various geographies. The evaluation thoroughly examines growth potential, consumption trends, competitive advantages of various goods and services, and structural analysis of downstream application fields. Additionally, it carefully considers various threats and chances that can be taken advantage of to spur growth during the pandemic period.
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Leading key Players of GCC Warehouse Automation Market (FY23-28)
This report looks into significant trends that are currently influencing the growth of the market. Important details are clarified in the report, such as market dynamics, obstacles, and prospects for major industry participants, important stakeholders, and up-and-coming rivals. The Key Market Players are as Follows: -
Honeywell International Inc., SSI Schaefer, Omron Corporation, Schneider Electric, ABB Ltd, Toshiba Corporation, ALS Logistic Solutions DMCC, Falcon Autotech, Diafuku, Swisslog, Other
The analysis describes the variables that will impact the market's position as we go through the forecast period. The report provides a comprehensive analysis of business operations across geographical marketplaces as well as the supply chain and value chain. A list of respectable businesses that are active in the market is provided, together with descriptions of the products that each one offers, in order to increase the legitimacy of this extensive research study.
GCC Warehouse Automation Market (FY23-28): Market Dynamics
GCC Warehouse Automation Market Driver - Upsurge in E-commerce Sector to Enhance the Demand for Warehouse Automation Solutions
The GCC region has a digitally savvy population, with a significant proportion of young residents high internet penetration rates. Investments in infrastructure to boost e-commerce growth, such as internet connectivity, data centers, and logistics, have led to a remarkable 33% increase in e-commerce sales from 2019 to 2022, higher than the global average of 17%, as per Dubai CommerCity. The rise in e-commerce has led to an increase in warehouses, crucial for fulfilling orders in the supply chain, which, in turn, has driven the demand for warehouse automation solutions as businesses aim to improve operational efficiency in the dynamic e-commerce landscape.
Moreover, the countries in the region, such as Saudi Arabia, the UAE, etc., have actively implemented many initiatives to enhance solidify their position as a hub for global e-commerce. In 2022, Saudi Arabia’s Ministry of Commerce launched 10 new initiatives to develop e-stores in the country. Through this, the government aims to expand the geographical coverage of delivery services to include delivery to all the regions in the country not just limited to main cities. This would enhance the number of warehouses in the region, further necessitating the need for automation solutions.
GCC Warehouse Automation Market (FY23-28): Market Segmentation
The study report precisely analyzes major market segments, along with their respective sub-segments.
By Components
-Hardware
--Conveyor/ Sortation Systems
--Automated Storage and Retrieval Systems (AS/ RS)
--Autonomous Mobile Robots (AMRs)
--Automatic Guided Vehicles (AGVs)
--Goods-to-person technologies (GTP)
--Pick-to-light systems
--Others (Voice Picking and Voice Tasking, Handheld terminals (HHT))
-Software
--Warehouse Management System (WMS)
--Warehouse Execution System (WES)
--Warehouse Control System (WES)
-Services
By Application
-E-Commerce
-Food and Beverage Industry
-Automotive
-Pharmaceuticals Healthcare
-Construction Building Material
-Others (Electronics, Textiles Garments, etc.)
By End User
-Retailers
-Manufacturers
-Distributors and Wholesalers
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Industry experts have extensively evaluated the profitability and growth prospects within these segments. The research report also scrutinizes the major geographical areas and provides the possible growth prospects. The research component further provides sales and revenue forecasts for 2023-28, considering factors such as sales, pricing, and revenue.
By Country
-The UAE
-Saudi Arabia
-Oman
-Kuwait
-Bahrain
-Qatar
To enhance consumer understanding, specialists have conducted a comprehensive analysis of each category within these segments. This in-depth examination aids industry participants and stakeholders in comprehending the market categories that are experiencing rapid growth and generating the highest revenue. The accuracy of revenue estimates and computations is facilitated by segment-wise expansion.
Our Report Aims to Help Clients Address These Concerns:
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- Identifying and Evaluating Business Partners: Our research and observations support clients in identifying and evaluating potential business partners effectively.
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