The global market for artificial intelligence (AI) in warehousing is projected to grow from US$11.4 billion in 2024 to US$42.9 billion by 2030, with a compound annual growth rate of 24.8 per cent, according to a new market report.
The report highlights AI’s role in optimizing inventory management, streamlining operations and enhancing efficiency in warehouses. AI-powered robotics, such as automated guided vehicles and drones, are increasingly deployed for product retrieval, inventory checks and order fulfillment, reducing reliance on manual labour.
The growth of e-commerce and rising demand for faster delivery times are key drivers of AI adoption in warehousing. AI technologies enable real-time data analysis, predictive analytics and autonomous systems, helping warehouses improve speed and accuracy in order processing.
“The increasing demand for fast and accurate order fulfillment, driven by e-commerce growth, is a significant driver of AI adoption,” the report states. “AI offers the perfect solution by automating labour-intensive tasks and improving warehouse workflows.”
The report also notes that AI adoption is fuelled by advances in robotics, machine learning and big data analytics. Cost reduction is another major factor, as businesses seek automation solutions to address rising labour expenses and enhance decision-making.
In North America, the U.S. market for AI in warehousing is valued at US$3 billion in 2024 and is expected to see significant growth. Canada is also highlighted in the regional analysis, though specific market projections were not provided.
The AI in warehousing hardware segment is forecasted to reach US$17.4 billion by 2030, growing at a rate of 21.3 per cent, while AI-driven software is expected to expand at 26.9 per cent annually.
Major players in the AI warehousing sector include ABB Ltd., Amazon Web Services Inc., Google LLC, Honeywell International Inc. and IBM Corporation, among others.
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