Europe Smart Warehousing Market Outlook, 2029
The Europe Smart Warehousing Market is segmented into By Components (Hardware, Software, Solution), By Hardware (RFID, Wireless Sensor Networks, Real-time Location Systems, Conveyor System, Robots and Automated Guided Vehicles (AGVs), Autonomous Mobile Robots, Other Hardware), By Software (Warehouse Management System (WMS) Software, Workforce Management software, Inventory Management System, Warehouse Control System (WCS), Other Software, By Solution (Professional Service, Managed Service), By Development model (On Premises, Cloud), By Technology (IoT (Internet of Things), Robotics and Automation, AI and Analytics, Networking & Communications, AR and VR, Other Technologies), By Application (Inventory Management, Order Fulfillment, Asset Tracking, Predictive Analytics, Other Applications), By Warehouse Size (Small (5000-15000 Sq Ft), Medium (50000- 100000 Sq Ft), Large (100000+ Sq Ft)), By End Users (Retail & e-commerce, Manufacturing, Automotive, Healthcare, Food & beverages, Logistics & transportation, Others).
- Bonafide Research
- 31-01-2024
- Pages : 93
- Figures : 15
- Tables : 27
- Region : Europe
- Category : IT & Telecommunications
- Telecommunications & Networks
The Europe Smart Warehousing market is expected to add more than USD 3.50 Billion from 2024 to 2029 due to Focus on sustainability.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Largest Market Greece
- Fastest Market Spain
- Market Difference(2024-2029) USD 3.5
- Format
Featured Companies
- 1. Honeywell International Inc.
- 2. Oracle Corporation
- 3. Sap SE
- 4. ABB Group
- 5. IBM Corporation
- 6. Tecsys Inc
- More...
Smart Warehousing Market Market Analysis
In recent years, the European smart warehousing industry has seen substantial expansion and innovation, driven by technical advancements and the rising adoption of automation in logistics and supply chain management. The smart warehousing sector in Europe includes a diverse set of technologies and solutions targeted at optimizing warehouse operations, increasing efficiency, and lowering operational costs. The expanding e-commerce business is a primary driver of the European smart warehousing market. As of the increased popularity of online shopping, there is a greater demand for efficient order fulfillment and delivery services, prompting warehouses to implement smarter technology to meet these demands. Among the technologies changing traditional warehouses into smart and networked facilities are automated storage and retrieval systems (AS/RS), robotics, IoT (Internet of Things) sensors, and AI-powered analytics. Germany, the United Kingdom, and France stand out as some of the leading countries in Europe in terms of smart warehousing solution adoption. These countries have strong logistical infrastructures and have been early adopters of automation technology to improve supply chain efficiency. Germany, for example, has substantially invested in robotics and artificial intelligence (AI) to streamline warehouse procedures and efficiently handle complicated logistical operations. The European smart warehousing sector is increasingly focused on sustainability and environmental effects. In order to lower their carbon footprint, businesses are embracing eco-friendly measures such as energy-efficient warehouse designs, renewable energy sources, and smart lighting systems. This shift toward sustainability is consistent with the European Union's broader aspirations for a greener, more sustainable future. According to the research report "Europe Smart Warehousing Market Outlook, 2029," published by Bonafide Research, the Europe Smart Warehousing market is expected to add more than USD 3.50 Billion from 2024 to 2029. Europe has been a forerunner in adopting automation in warehousing. The region's preference for robots and automated solutions has altered warehouses, streamlining processes ranging from inventory management to order fulfillment. Innovative technologies such as automated guided vehicles (AGVs) and robotic arms have become standard features in smart warehouses across the continent. Europe is at the forefront of incorporating cutting-edge technology such as artificial intelligence (AI), the Internet of Things (IoT), and cloud-based solutions into warehouse operations. These technologies enable warehouses to run more effectively and respond to changing market demands through real-time data analysis, predictive maintenance, and improved decision-making. The strategic location of Europe as a global commerce hub has accelerated the development of smart warehousing technologies. Because of their proximity to many markets and industries, European warehouses use smart technologies to handle cross-border logistics, optimize inventory, and meet a wide range of customer needs. Last-mile delivery solutions have flourished in Europe. As of its densely populated urban regions, the continent has been a fertile ground for experimentation with drone deliveries, autonomous cars, and efficient routing algorithms to address the issues of last-mile logistics. Given Europe's significant reliance on perishable goods, the region has excelled in implementing smart warehousing solutions within the cold chain sector. Advanced temperature monitoring, humidity control systems, and IoT-enabled sensors ensure the integrity of products from storage to delivery, maintaining high standards in food and pharmaceutical logistics.
Click Here to Download this information in a PDF
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
Download SampleMarket Dynamic
Major Drivers E-commerce growth: The extraordinary increase in the e-commerce sector is one of the major drivers propelling the smart warehousing market in Europe. The growing popularity of online shopping, as well as the proliferation of e-commerce platforms, has created a greater demand for advanced smart warehousing solutions. As consumers increasingly rely on digital platforms to make purchases, retailers and e-commerce businesses are investing in smart storage technologies to improve supply chain operations. These technologies, such as automation, robots, and real-time inventory management, are critical for fulfilling the changing demands of the e-commerce industry. The necessity for effective order fulfillment, rapid processing of online orders and the need to create seamless customer experiences are pushing the development of smart warehousing systems throughout Europe. Integration of industry 4.0 practices: The adoption of Industry 4.0 principles is a major factor shaping the landscape of Europe's smart warehousing business. Industry 4.0 focuses on the integration of digital technology, automation, and data interchange to develop "smart factories" and supply chain systems. In the context of smart warehousing, this refers to the incorporation of technology such as artificial intelligence, machine learning, robots, and the Internet of Things (IoT). European businesses are rapidly recognizing the revolutionary power of Industry 4.0 methods to improve the agility and responsiveness of their supply chain. As a result, the smart warehousing market is expanding rapidly as firms adopt advanced technologies to attain greater levels of automation, efficiency, and connection in their warehouse operations. Major Challenges High initial investment costs: Implementing smart warehousing solutions necessitates a significant upfront investment in technology like IoT devices, robotics, automation systems, and advanced software platforms. This financial barrier can be difficult for certain firms, particularly smaller businesses, limiting their capacity to implement new technologies. Overcoming this obstacle will necessitate careful financial planning, consideration of long-term advantages, and exploration of financing methods to make smart storage more affordable to a wider range of organizations. Data security and privacy concerns: The widespread usage of IoT devices and networked systems in smart warehouses results in massive volumes of data. Ensuring the security and privacy of this data presents a significant challenge. Cybersecurity threats, data breaches, and compliance with data protection rules (such as GDPR in Europe) necessitate stringent safeguards to secure sensitive data. In order to reduce the threat of data security and privacy breaches, smart warehousing operators must implement strong cybersecurity measures, encryption techniques, and compliance processes.
Smart Warehousing Market Segmentation
| By Components | Hardware | |
| Software | ||
| Solution | ||
| By Hardware | RFID | |
| Wireless Sensor Networks | ||
| Real-time Location Systems | ||
| Conveyor System | ||
| Robots and Automated Guided Vehicles (AGVs) | ||
| Autonomous Mobile Robots | ||
| Other Hardwares | ||
| By Software | Warehouse Management System (WMS) Software | |
| Workforce Management software | ||
| Inventory Management System | ||
| Warehhouse Control System (WCS) | ||
| Other Softwares | ||
| By Solution | Professional Service | |
| Managed Service | ||
| By Development model | On Premises | |
| Cloud | ||
| By Technology | IoT (Internet of Things) | |
| Robotics and Automation | ||
| AI and Analytics | ||
| Networking & Communications | ||
| AR and VR | ||
| Other Technologies | ||
| By Application | Inventory Management | |
| Order Fulfillment | ||
| Asset Tracking | ||
| Predictive Analytics | ||
| Other Applications | ||
| By Warehouse size | Small (5000-15000 Sq Ft) | |
| Medium (50000- 100000 Sq Ft) | ||
| Large (100000+ Sq Ft) | ||
| By End user | Retail & e-commerce | |
| Manufacturing | ||
| Automotive | ||
| Healthcare | ||
| Food & beverages | ||
| Logistics & transportation | ||
| Others | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
Based on components market is divided into hardware, software and services. Hardware components segment is expected to lead the Europe smart warehousing market. In terms of deployment model market is segment into on-premises and cloud. The use of hardware components such as automated guided vehicles (AGVs), robotic systems, and conveyor systems can considerably improve warehouse operations. These technologies can result in faster order fulfillment, lower labor expenses, and greater overall productivity. Hardware components such as barcode scanners and radio-frequency identification (RFID) systems are critical for inventory tracking and management. These technologies help to improve accuracy, eliminate errors, and increase visibility throughout the supply chain. Wearables like smart glasses or smartwatches with barcode scanners or RFID readers can help streamline order picking operations and provide a more efficient and error-free warehouse environment. On-premises implementation gives firms more control over their data and ensures that critical information stays on their physical facilities. This can be critical, particularly in areas where data security and compliance with rules like GDPR (General Data Protection Regulation) are high concerns. On-premises solutions allow greater control and autonomy over the entire infrastructure. This control appeals to businesses who want to administer and maintain their smart warehousing systems independently. While cloud solutions provide scalability and lower initial costs, on-premises solutions may have more predictable and controllable long-term costs. This is especially true for major companies with the means to spend in infrastructure. In terms of technology market includes IoT (Internet of Things), robotics and automation, AI and analytics, networking & communications, AR and VR, and other technologies. IoT technology is expected to lead the Europe smart warehousing market. The application segment of the market is segmented into inventory management, order fulfillment, asset tracking, predictive analytics, and other applications. The IoT allows for real-time monitoring of different aspects of a warehouse, such as inventory levels, equipment status, and ambient conditions. This real-time visibility assists in making educated decisions, optimizing operations, and responding quickly to any difficulties. IoT devices can be integrated across the supply chain to provide end-to-end visibility. This improvement results in more effective inventory management, shorter lead times, and better overall supply chain efficiency. IoT devices can be utilized to improve energy efficiency in warehouses. Smart lighting, heating, ventilation, and air conditioning (HVAC) systems can be programmed depending on occupancy and environmental factors, resulting in energy savings. Smart warehousing solutions, frequently powered by IoT sensors and RFID (radio-frequency identification), give real-time inventory visibility. This insight allows warehouse managers to continuously check stock levels and make intelligent decisions based on reliable, up-to-date information. Smart warehousing solutions, which use real-time data on inventory levels and demand, can help firms reduce stockouts and overstocking. This improves customer satisfaction by ensuring that products are available when needed and avoiding extra inventory expenditures. Smart warehouse technology provides more efficient order fulfillment operations. Automated systems can efficiently prioritize and pick items, saving order processing time and increasing overall fulfillment speed. The warehouse size segment includes small (5000-15000 Sq Ft), medium (50000- 100000 Sq Ft), and large (100000+ Sq Ft). Large (100000+ Sq Ft) are majorly preferred warehouses for smart warehousing in Europe. Based on end user segment market includes retail & e-commerce, manufacturing, automotive, healthcare, food & beverages, logistics & transportation, and others. Among them logistics and transportation industry are major end users of smart warehousing in Europe. Large warehouses can manage large amounts of goods and a wide range of products. This scale enables the use of new technology and automated systems, making it possible to deploy smart storage solutions efficiently. Large warehouses provide ample storage capacity, allowing businesses to store a wide variety of products in larger quantities. This improved storage capacity is critical for optimizing inventory levels and managing goods in an intelligent and automated manner. Larger warehouses frequently benefit from economies of scale. Larger facilities can justify the expense per square foot of deploying and maintaining smart warehousing technologies due to their higher total operational efficiency. Smart warehousing enables more efficient and automated order fulfillment operations. Logistics firms can process orders more efficiently using technologies such as automated picking systems and robotics, resulting in shorter lead times and higher overall satisfaction. Smart warehousing generates a large amount of data that can be used to make informed decisions. Logistics organizations can use data analytics to spot trends, forecast demand, and optimize supply chain operations, resulting in better strategic decision-making. With the rise of e-commerce, logistics companies are managing an increasing number of smaller, more frequent shipments. Smart warehousing systems are critical for effectively handling the growing complexity and volume connected with e-commerce activities.
Click Here to Download this information in a PDF
Smart Warehousing Market Market Regional Insights
Based on report market is divided into six major countries, Germany, United Kingdom, France, Italy, Spain and Russia. Among them Germany accounted for largest market for smart warehousing in Europe. Germany is at the forefront of Europe's smart storage revolution, and it is well-known for technological innovation and engineering prowess. Due to its ideal geographic location, robust infrastructure, and commitment to technological advances, the country has made significant progress in the adoption of smart warehouse solutions, positioning itself as a critical hub for logistics and supply chain operations. The adoption of cutting-edge technologies such as the Internet of Things (IoT), robotics, artificial intelligence (AI), and data analytics has substantially altered the German warehousing landscape. These technologies have completely revolutionized traditional warehouse management systems, improving productivity, increasing efficiency, and optimizing operations. One of the driving forces behind Germany's smart storage revolution is the desire for cost-effectiveness and efficiency. The incorporation of cutting-edge technology such as artificial intelligence (AI), the Internet of Things (IoT), and big data into warehousing is propelled by Germany's strong commitment to Industry 4.0, as driven by initiatives such as the Plattform Industrie 4.0. Sensors track every pallet and package; real-time data optimizes inventory management and pickup routes; and AI algorithms estimate demand and dynamically adjust storage layouts. Because of its connectedness, the warehouse transforms into a "thinking warehouse" that can rapidly adapt to changing demands. Sustainability is important to German culture, and this notion pervades intelligent warehousing as well. Warehouses are becoming more energy-efficient with the use of LED lighting, solar panels, and natural light.
Click Here to Download this information in a PDF
Companies Mentioned
- Honeywell International Inc.
- Oracle Corporation
- Sap SE
- ABB Group
- IBM Corporation
- Tecsys Inc
- Epicor Software Corporation
- PTC
- Manhattan Associates
- Zebra Technologies Corporation
- Software AG
- Infor
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Smart Factory Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Component
- 5.4. Market Size and Forecast, By Technology
- 5.5. Market Size and Forecast, By Industry
- 5.6. Market Size and Forecast, By Process Industry
- 5.7. Market Size and Forecast, By Discrete Industry
- 6. Europe Smart Factory Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Component
- 6.4. Market Size and Forecast, By Technology
- 6.5. Market Size and Forecast, By Industry
- 6.6. Market Size and Forecast, By Process Industry
- 6.7. Market Size and Forecast, By Discrete Industry
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. Germany Smart Factory Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Component
- 7.8.3. Market Size and Forecast By Industry
- 7.9. United Kingdom Smart Factory Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Component
- 7.9.3. Market Size and Forecast By Industry
- 7.10. France Smart Factory Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Component
- 7.10.3. Market Size and Forecast By Industry
- 7.11. Italy Smart Factory Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Component
- 7.11.3. Market Size and Forecast By Industry
- 7.12. Spain Smart Factory Market Outlook
- 7.12.1. Market Size By Value
- 7.12.2. Market Size and Forecast By Component
- 7.12.3. Market Size and Forecast By Industry
- 7.13. Russia Smart Factory Market Outlook
- 7.13.1. Market Size By Value
- 7.13.2. Market Size and Forecast By Component
- 7.13.3. Market Size and Forecast By Industry
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Honeywell International Inc.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Siemens AG
- 8.5.3. Schneider Electric SE
- 8.5.4. ABB Ltd.
- 8.5.5. General Electric Company
- 8.5.6. Rockwell Automation, Inc.
- 8.5.7. Emerson Electric Co.
- 8.5.8. FANUC Corporation
- 8.5.9. Bosch Rexroth AG
- 8.5.10. KUKA AG
- 8.5.11. Johnson Controls International
- 8.5.12. Mitsubishi Electric Corporation
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 1: Global Smart Factory Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Smart Factory Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 6: Global Smart Factory Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 7: Global Smart Factory Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 8: Global Smart Factory Market Size and Forecast, By Process Industry (2018 to 2029F) (In USD Billion)
Table 9: Global Smart Factory Market Size and Forecast, By Discrete Industry (2018 to 2029F) (In USD Billion)
Table 10: Europe Smart Factory Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 11: Europe Smart Factory Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 12: Europe Smart Factory Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 13: Europe Smart Factory Market Size and Forecast, By Process Industry (2018 to 2029F) (In USD Billion)
Table 14: Europe Smart Factory Market Size and Forecast, By Discrete Industry (2018 to 2029F) (In USD Billion)
Table 15: Influencing Factors for Smart Factory Market, 2023
Table 16: Germany Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 17: Germany Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 18: United Kingdom Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 19: United Kingdom Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 20: France Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 21: France Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 22: Italy Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 23: Italy Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 24: Spain Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 25: Spain Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 26: Russia Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 27: Russia Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Figure 1: Global Smart Factory Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Smart Factory Market Share By Region (2023)
Figure 6: Europe Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Europe Smart Factory Market Share By Country (2023)
Figure 8: Germany Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: UK Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: France Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Italy Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Spain Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Russia Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2023
Figure 15: Porter's Five Forces of Global Smart Factory Market
Smart Warehousing Market Market Research FAQs
Related Reports
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More
Safe and Secure SSL Encrypted
Quick Contacts
Want to customize this report?
We offer 10% Free Customization at the time of purchase
Get Free Customization
Trusted Partners
Budget constraints? Get in touch with us for special pricing
Request DiscountOrder Detail
- Order Placed (13 December, 2024)
- Notify To Team (13 December, 2024)
- Report updation (14 December, 2024)
- Report Quality Check (14 December, 2024)
- Report Dispatch (15 December, 2024)
- Hard Copy
Recently Viewed Products
Europe Smart Warehousing Market Outlook, 2029
We are friendly and approachable, give us a call.