Press Release Description

GCC Warehouse Automation Market Would Bolster a Noteworthy Growth Due to the Upsurge in E-commerce Sector

The GCC Warehouse Automation Market size was valued at around USD14.46 billion in 2022 & is estimated to grow at a CAGR of about 19.2% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The countries in the region, such as the UAE, Saudi Arabia, and others, have made large investments in the infrastructure necessary to support the expansion of e-commerce, including internet access, data centers, cloud computing, logistical infrastructure, etc.

Due to this, the region has seen a notable boost in e-commerce, thus the number of warehouses in the region has increased more than ever before & as businesses are seeking to improve their operational capabilities & satisfy the demands of the digitally driven market, the need for warehouse automation solutions also surged. Additionally, Saudi Arabia, the UAE, and other nations in the region are actively establishing themselves as global e-commerce hubs, leading to a rise in warehouses. This would increase the demand for automation solutions to ensure efficient order fulfillment in the dynamic e-commerce landscape.

Moreover, countries in the region are aiming to bolster their manufacturing sectors, leading to the establishment of more facilities & warehouses. This surge in manufacturing would create significant demand for warehouse automation solutions, including AS/RS, robotic picking systems, conveyor systems, and inventory management software, to optimize processes, further states the research report, “GCC Warehouse Automation Market Analysis, 2023.”

GCC Warehouse Automation Market Segmentation Analysis

Building & Construction Exhibited High Growth in the Market

Based on the application, the market is segmented into E-commerce, Food & Beverage Industry, Automotive, Pharmaceuticals & Healthcare, Construction & Building Material, and Others (Electronics, Textiles & Garments, etc.). Construction & Building Materials emerged as one of the prominent sectors in the GCC Warehouse Automation Market. GCC's focus on infrastructure & urbanization has led to a construction boom, driving demand for building materials. To meet storage needs, more warehouses are established, creating demand for automation solutions.

Moreover, countries like the UAE, Saudi Arabia, etc., target to strengthen their position as a hub for pharmaceutical production, owing to which the government is luring investors to boost domestic pharmaceutical production. As a result, the construction of new pharmaceutical manufacturing facilities would soar, leading to an increase in warehouses.

For these facilities to increase overall efficiency & improve inventory management, advanced automation solutions are required, which would elevate the share of the pharmaceuticals segment, further enhancing the Warehouse Automation Market in the coming years.

Saudi Arabia Set to Surge Ahead in the GCC Warehouse Automation Market

Saudi Arabia has witnessed the highest growth due to the significant expansion of its manufacturing, retail, and e-commerce industries. As per International Trade Administration, as of 2022, the country had a high rate of smartphone penetration (97%) & outperformed most developed markets in terms of mobile broadband internet subscriptions. These factors have increased the country's e-commerce, which has also increased investment in warehouse automation solutions.

Moreover, the government's initiatives to enhance supply chain management are credited majorly for driving the growth of the Warehouse Automation Market in the nation. Additionally, the nation aims to reach an annual container capacity of over 40 million containers as part of its strategic initiatives to enhance the Port Infrastructure Market, which resulted in the development of port infrastructure & expansion of logistics zones, which contributed to the market growth in Saudi Arabia.

Further, the government has also been largely investing in the expansion of its manufacturing sector, which would increase manufacturing in industries like consumer electronics, transportation, and pharmaceutical. Thus, it would lead to increasing the number of products that would need to be stored. Consequently, the demand for warehouse automation solutions would surge during the forecast period.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Honeywell International Inc., SSI Schaefer, Omron Corporation, Schneider Electric, ABB Ltd, Toshiba Corporation, ALS Logistic Solutions DMCC, Falcon Autotech, Diafuku, Swisslog, etc., are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various countries?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?