North America Warehouse Automation Market Size & Outlook
The warehouse automation market in North America is expected to reach a projected revenue of US$ 21,648.2 million by 2030. A compound annual growth rate of 18.5% is expected of North America warehouse automation market from 2024 to 2030.
North America warehouse automation market highlights
The North America warehouse automation market generated a revenue of USD 7,047.1 million in 2023.
The market is expected to grow at a CAGR of 18.5% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
Market revenue in 2023
USD 7,047.1 million
Market revenue in 2030
USD 21,648.2 million
Growth rate
18.5% (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, North America region accounted for 36.6% 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.
North America is a technologically advanced region, featuring the presence of many technology companies and high internet and smartphone penetration. Moreover, the region is home to many warehouse automation solution providers, such as Dematic and FORTNA Inc., and developments in the field are encouraged by governments, especially in the U.S. and Canada, through R&D investments aimed at driving innovation.
This technological infrastructure enables seamless integration of automation systems, including robotics and IoT, enhancing the region's competitiveness in the global warehouse automation market.
In May 2023, the U.S. government’s National Science Foundation (NSF) announced an investment of USD 140 million for launching seven new Artificial Intelligence (AI) research institutes. This investment will bring the number of institutes to 25.
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 59.98% in 2023.
Horizon Databook has segmented the North America warehouse automation market based on services, hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
North America is a technologically advanced region, featuring the presence of many technology companies and high internet and smartphone penetration. Moreover, the region is home to many warehouse automation solution providers, such as Dematic and FORTNA Inc., and developments in the field are encouraged by governments, especially in the U.S. and Canada, through R&D investments aimed at driving innovation.
This technological infrastructure enables seamless integration of automation systems, including robotics and IoT, enhancing the region's competitiveness in the global warehouse automation market.
In May 2023, the U.S. government’s National Science Foundation (NSF) announced an investment of USD 140 million for launching seven new Artificial Intelligence (AI) research institutes. This investment will bring the number of institutes to 25.
North America Warehouse Automation Market Component Outlook (Revenue, USD Million , 2018-2030)
Hardware
Software
Services
North America Warehouse Automation Market Automation Level Outlook (Revenue, USD Million , 2018-2030)
Basic Automation
Intermediate Automation
Advanced Automation
Autonomous Warehouses
North America Warehouse Automation Market Application Outlook (Revenue, USD Million , 2018-2030)
Retail & E-commerce
Healthcare
Automotive
Aerospace & Defense
Electronics & Semiconductors
Others
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North America Warehouse Automation Market, 2018-2030 (US$M)