South Africa Warehouse Automation Market is Expected to Grow With A High CAGR in the Forecast Period 2024-2028
The
increasing demand for IoT and Big Data is expected to drive the South Africa warehouse
automation market between 2024 and 2028.
According to TechSci Research report, “South
Africa Warehouse Automation Market - By Region, Competition Forecast &
Opportunities, 2018-2028F,” the South Africa warehouse automation market is
witnessing a period of significant growth as businesses are increasingly adopting
IoT and Big Data in their products and services. In addition, growing digitalization,
increasing adoption of advanced technologies, and growing autonomous drones and
robotics for warehouse management are increasing the demand of warehouse
automation in South Africa. Moreover, the increase in smartphone users and an
increase in the need for data and high bandwidth capacity is driving the South
Africa warehouse automation market. The manufacturing and logistics industry is
expanding rapidly in the age of digitization. Measures taken by the government,
such as National Data and Cloud Policy to strengthen the industrial value
chain, enhancing South Africa’s investment potentials, tax incentives offering
for businesses that invest in warehouse automation, and the promotion of
public-private partnerships (PPPs) in all facets of the business, are offering
a more favorable environment for the adoption of warehouse automation in South
Africa. Moreover, the country is further supporting the development of skilled
workforce in warehouse automation under the National Skills Development Plan
(NSDP) initiatives, expected to provide an additional backbone for the evolving
South Africa warehouse automation market through 2028.
Businesses are increasingly using automated
solutions to eliminate errors, improve technology investments, and
hyper-automate digital workflows. The manufacturing, improvement, and
distribution practices of businesses are continuing to be transformed by
digital transformation and Industry 4.0. Automation plays a significant role in
enterprise solutions by streamlining business processes, increasing workforce
capacity and efficiency, eliminating errors, and enhancing technology
investments and hyper-automating digital workflows. Moreover, distribution
center robotization can likewise help in bringing down the expense of
challenges brought about by human errors. Growing autonomous drones, cobotics,
and modern warehouse management are all expected to see significant demand in
the future. In addition, processes for automatically checking inventories and
simplifying intralogistics are also expected to see significant demand.
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South Africa Warehouse Automation Market is divided
into product, automation level, technology, application, vertical, and region. Based
on product, the market is divided into hardware, software, and service. Based
on automation level, the market is segmented into system automation, mechanized
automation, semi-automated, and fully automated. Based on technology, the
market is segmented into automated storage and retrieval systems (AS/RS),
autonomous mobile robots (AMRs), automatic guided vehicles (AGVs), MRO
outbounds, automatic identification and data capture, and others. Based on
application, the market is segmented into automotive, food and beverage,
e-commerce, pharmaceutical, and others. Based on vertical, the market is
further split into retailers, manufacturers, and distributors. Based on region,
the market is divided into Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga,
Limpopo, North-West, Free State, and Northern Cape.
Due to the widespread use of warehouse automation
in e-commerce facilities and the increased vendor knowledge of the robotics of
various e-commerce fulfillment issues, the e-commerce segment is anticipated to
maintain its dominance of the warehouse automation market throughout the
forecast period. E-commerce applications are also gaining popularity in the
warehouse automation sector because of the expansion of robot technology in
e-commerce warehouses and the rise in e-commerce activity. As a result, it is anticipated
that warehouse automation's advantages for e-commerce fulfillment centers will
earn a sizable profit share over the projection period, accelerating the
segment's expansion. Many e-commerce enterprises such as Takealot, Shoprite, and
Massmart are investing heavily in warehouse automation, using a variety of
automated systems to improve the efficiency of its order fulfillment process. By
increasing efficiency, accuracy, safety, flexibility, and reducing costs,
warehouse automation can help e-commerce businesses to be more competitive and
successful. Therefore, the demand for adopting automation solution in
warehouses are increasing rapidly.
The automated storage & retrieval systems
(AS/RS) segment is expected to register lucrative growth during the forecast
period. South African warehouses are increasingly utilizing automated storage
and retrieval systems (AS/RS). There are several advantages for businesses when
these systems are utilized in warehouses, including increased flexibility,
accuracy, safety, and efficiency. Crane-based systems, vertical lift modules
(VLMs), mini-load systems, shuttle-based systems, etc. are being highly adopted
to move products to and from storage locations. Due to their numerous benefits,
which are anticipated to propel market revenue development, companies with
significant inbound and outbound flows of products are investing in
cutting-edge storage robots. Automated storage and retrieval systems are
assisting in reducing the variable cost of operations by removing the need for
manual labour for tasks like picking, storing, assembling, and inventory
replenishment. In addition, automated guided vehicles (AGVs), warehouse robots,
and innovative automation are expected to gain significant traction in the
warehouse automation market. This is due to the increasing use of these
vehicles for the movement of goods and their ability to travel to predetermined
and programmed points.
Key
market players in the South Africa Warehouse Automation Market include:
- Jungheinrich AG
- ABB South Africa (Pty) Ltd.
- RELOG South Africa (Pty) Ltd.
- Bastian Solution LLC
- Omron Corporation
- Fetch Robotics Inc.
- Yaskawa Electric Corporation
- SSI SCHAEFER Group
- Daifuku Co Ltd.
- FANUC Corporation
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“South Africa’s Warehouse Automation market is a
worthwhile investment opportunity. Gauteng region is the fastest growing region
in the South Africa Warehouse Automation market, owing to factors such as
increasing presence of many e-commerce companies, increasing consumer awareness
towards warehouse automation solutions, and rising expenditure in the IT &
telecom industry. The South Africa warehouse automation market is expected to
benefit from the growing demand for digital infrastructure across different
verticals, including IT, telecom, energy, government, healthcare, automotive
and other core industries. Additionally, the increasing government support for
warehouse automation coupled with the availability of skilled labor and the
presence of several major retailers in the Gauteng region are some of the
factors that are expected to drive the South Africa warehouse automation market
in the coming years” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
South
Africa Warehouse Automation Market Segmented
By Product (Hardware, Software, and Service), By Automation Level (System
Automation, Mechanized Automation, Semi-Automated, and Fully Automated), By
Technology (Automated Storage And Retrieval Systems (AS/RS), Autonomous Mobile
Robots (AMRs), Automatic Guided Vehicles (AGVs), MRO Outbounds, Automatic
Identification And Data Capture And Others), By Application (Automotive, Food
and Beverage, E-Commerce, Pharmaceutical, and Others), By Vertical (Retailers,
Manufacturers and Distributors), By Region, Competition,
Forecast and Opportunities, 2028F has assessed the South Africa warehouse automation market's
future development potential and provides data and information on market size,
structure, and projected market growth. The report's goal is to give current
market knowledge and assist decision makers in making informed investment
decisions. Furthermore, the study identifies and analyses emerging trends, as
well as key drivers, constraints, and opportunities in the South Africa warehouse
automation market.
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