Europe Warehouse Automation Market Size & Outlook, 2024-2030
The warehouse automation market in Europe is expected to reach a projected revenue of US$ 15,351.2 million by 2030. A compound annual growth rate of 18.8% is expected of Europe warehouse automation market from 2024 to 2030.
The Europe warehouse automation market generated a revenue of USD 4,924.3 million in 2023.
The market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
In terms of segment, hardware was the largest revenue generating component in 2023.
Software is the most lucrative component segment registering the fastest growth during the forecast period.
Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
Market revenue in 2023
USD 4,924.3 million
Market revenue in 2030
USD 15,351.2 million
Growth rate
18.8% (CAGR from 2024 to 2030)
Largest segment
Hardware
Fastest growing segment
Software
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Services, Hardware, Software
Key market players worldwide
Dematic, Daifuku Co Ltd, Swisslog, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Machinery, KNAPP AG, Kardex Holding AG Registered Shares, Mecalux Espana, BEUMER Group, SSI Schaefer Systems International North America
Other key industry trends
In terms of revenue, Europe region accounted for 25.6% of the global warehouse automation market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 18,578.9 million by 2030.
Europe features a well-developed technological infrastructure, especially the Western region, and is witnessing a rise in internet penetration and online shopping. According to the 2023 Technology and Innovation Report by the United Nations Conference, European countries, including the Netherlands, Sweden, Germany, and Finland, were ranked among the top 10 on the frontier technology readiness index in 2022.
The developed technology infrastructure is in the region expected to impact the market growth positively. Some of the leading warehouse automation companies in Europe are Switzerland-based Swiss log Holding AG and, Austria-based KNAPP AG and TGW Logistics Group.
Regional governments are investing in R&D activities in the warehouse automation area. Growing online shopping, government initiatives, and the presence of prominent market players are aiding market growth in Europe. Businesses in the region are utilizing warehouse automation solutions to enhance their operations.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Warehouse Automation Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 64.37% in 2023.
Horizon Databook has segmented the Europe warehouse automation market based on services, hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
Europe features a well-developed technological infrastructure, especially the Western region, and is witnessing a rise in internet penetration and online shopping. According to the 2023 Technology and Innovation Report by the United Nations Conference, European countries, including the Netherlands, Sweden, Germany, and Finland, were ranked among the top 10 on the frontier technology readiness index in 2022.
The developed technology infrastructure is in the region expected to impact the market growth positively. Some of the leading warehouse automation companies in Europe are Switzerland-based Swiss log Holding AG and, Austria-based KNAPP AG and TGW Logistics Group.
Regional governments are investing in R&D activities in the warehouse automation area. Growing online shopping, government initiatives, and the presence of prominent market players are aiding market growth in Europe. Businesses in the region are utilizing warehouse automation solutions to enhance their operations.
Europe Warehouse Automation Market Component Outlook (Revenue, USD Million , 2018-2030)
Hardware
Software
Services
Europe Warehouse Automation Market Automation Level Outlook (Revenue, USD Million , 2018-2030)
Basic Automation
Intermediate Automation
Advanced Automation
Autonomous Warehouses
Europe Warehouse Automation Market Application Outlook (Revenue, USD Million , 2018-2030)
Retail & E-commerce
Healthcare
Automotive
Aerospace & Defense
Electronics & Semiconductors
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Warehouse Automation Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Warehouse Automation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Warehouse Automation Market, 2018-2030 (US$M)