The Micro Fulfillment Global Market Report 2023, provides comprehensive information on the micro fulfillment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global micro fulfillment market size is expected to grow from $3.09 billion in 2022 to $4.50 billion in 2023 at a compound annual growth rate (CAGR) of 45.86%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of micro-fulfillment market is expected to reach $20.04 billion in 2027 at a CAGR of 45.26%.
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Technological advancements in the micro fulfillment market are gaining popularity in the micro fulfillment market. Major companies operating in the micro fulfillment market are focused on innovating new technologies to sustain their position in the market. For instance, in September 2021, Honeywell, an American publicly traded multinational conglomerate corporation, introduced innovative robotic technology with the launch of smart de-palletizing robots for micro-fulfillment. This product is expected to boost automation in warehouses and distribution centers. Smart Flexible De-palletizer reduces the requirement for physical labor in roles that are at risk of harm or have a high turnover rate. The solution uses the most advanced machine learning and grasping technologies to assist in the unloading of pallets without the need for pre-programming or user intervention.
The micro fulfillment market is segmented:
1) By Types: AutoStore, Shuttle Based, Other Technologies
2) By Technology: Traditional WMS, Mobile AMR, Piece Picking Robots
3) By Warehouse Size: Small Size, Large Size
4) By Applications: Grocery, General Merchandise, Other Applications
5) By End-User: E-Commerce, Industries, General Stores
North America was the largest region in the micro fulfillment market in 2022.
The table of contents in TBRC’s micro fulfillment market report includes:
- Executive Summary
- Micro-Fulfillment Market Characteristics
- Micro-Fulfillment Market Trends And Strategies
- Micro-Fulfillment Market – Macro Economic Scenario
- Micro-Fulfillment Market Segmentation
- Global Micro-Fulfillment Market Competitive Benchmarking
- Global Micro-Fulfillment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Micro-Fulfillment Market
- Micro-Fulfillment Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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