MarkNtel Advisors, a leading market research firm, has showed its latest study titled "GCC Warehouse Automation Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the GCC Warehouse Automation Market: 2023-2028
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, i.e., 2023-28.
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What are the primary factors driving the growth of the GCC Warehouse Automation Market?
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 Segmentation:
The GCC Warehouse Automation Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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.)
- Construction Building Materials were one of the dominating segments in the GCC Warehouse Automation Market holding prominent market share.
By End User
-Retailers
-Manufacturers
-Distributors and Wholesalers
Geographical Analysis into the GCC Warehouse Automation Market:
- The UAE
- Saudi Arabia
- Oman
- Kuwait
- Bahrain
- Qatar
Read Detailed Index of full Research Study at - https://www.marknteladvisors.com/research-library/gcc-warehouse-automation-market.html
Competitive Landscape and GCC Warehouse Automation Market Share Analysis:
The competitive landscape of the GCC Warehouse Automation Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Honeywell International Inc., SSI Schaefer, Omron Corporation, Schneider Electric, ABB Ltd, Toshiba Corporation, ALS Logistic Solutions DMCC, Falcon Autotech, Diafuku, Swisslog, Other
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the GCC Warehouse Automation Market growth?
- How is the GCC Warehouse Automation Market expected to grow over the next five years?
- What are the key insights into the current trends in the GCC Warehouse Automation Market?
- What is the current size of the GCC Warehouse Automation Market, and how is it projected to change in the future?
- What is the future outlook for the GCC Warehouse Automation Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.
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