Smart Warehousing Industry - Regional Analysis
North America Market
The North America smart warehousing market is anticipated to hold 35.5% of the share by 2037, fueled by the presence of technologically advanced infrastructure and early adoption of automation technologies. Canada and the United States are dominating the market by integrating modern technologies such as IoT and robotics into various operations. Also, government initiatives are supporting the development of smart warehousing by allocating a budget for ICT initiatives. In the U.S., the smart warehousing market is projected to garner USD 11.8 billion by 2030. The growth is propelled by increasing demand for supply chain management and automation in logistics. In 2022, the Department of Defense (DoD) launched a 5G Smart Warehouse at the Naval Base Coronado in California.
Canada is also witnessing significant growth due to the rising adoption of smart warehousing solutions. Government bodies are actively supporting broadband expansion and ICT developments that are crucial for smart warehousing infrastructure. The Deloitte Smart Factory in Montreal is an exemplary establishment of smart housing in Canada, integrating advanced technologies. These developments showcase countries’ will to expand the smart warehousing operations with the rising demand for modern supply chains. Also, companies such as Shopify are also investing in automated fulfillment centers, fostering efficiency.
Asia-Pacific Market
The Asia Pacific smart warehousing market is anticipated to garner 27.5% share of the global market, driven by government-led initiatives in various countries and the rapid expansion of the e-commerce sector. For instance, the e-commerce sales in China alone have surpassed USD 1.74 trillion in 2022, instilling the need for automated warehousing solutions. Additionally, in South Korea smart factory initiative has been launched, and the government has infused USD 1.08 billion to innovate manufacturing facilities. The development across Asia Pacific countries showcases the efforts made by the public and private sectors to advance the logistics and transportation sector.
