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Wednesday, 22 May 2024
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North America Micro Fulfillment Centers Market is expected to reach US$ 6,671.32 million by 2030

North America micro fulfillment centers market is predicted to reach USD 6671.32 million by 2030 from USD 356.88 million in 2022.

By The Insight Partners

Growing E-Commerce Industry Presents Opportunities for North America Micro Fulfillment Centers Market Growth

According to our latest market study on "North America Micro Fulfillment Centers Market Forecast to 2030 –Regional Analysis – Warehouse Size, Technology Solution, End User, and Retail Omni Channel," the North America micro fulfillment centers market is expected to grow from US$ 356.88 million in 2022 to US$ 6,671.32 million by 2030; it is anticipated to grow at a CAGR of 44.20% from 2022 to 2030.

The e-commerce industry in North America is expected to garner a significant double-digit growth in the coming years. An increased inclination toward online shopping has been benefitting the North America micro fulfillment centers market growth, encouraging online businesses to deploy more micro fulfillment centers across different locations. Consumer behavior across North American countries has shifted from offline shopping to online shopping after the onset of the COVID-19 pandemic. In November 2023, the Census Bureau of the Department of Commerce estimated the total retail e-commerce sales for the third quarter of 2023 to be nearly US$ 284 billion, recording an increase of ~2.3% compared to the second quarter of 2023. Further, there has been a 7.6% rise in e-commerce sales in the third quarter of 2023 compared to the Q3 of 2022. Thus, the flourishing e-commerce industry presents tremendous growth opportunities for the North America micro fulfillment centers market size.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00037807

The North America micro fulfillment centers market size, based on end user, has been segmented into grocery omni channel, pure play e-commerce/q-commerce, and retail omni channel. In 2022, the grocery omni channel segment dominated the market. It is likely to retain its dominance in the North America micro fulfillment centers market share during the forecast period. The retail industry is highly sensitive to dynamically changing buyers’ behavior and technology landscape, and rapidly pacing globalization. Thus, the need for faster movement of goods is an important aspect for retailers. The automated storage solutions enable fast storage and retrieval of items even during peak timings, enabling retail companies to save time and cost. Also, these systems enable smooth pick up of items in large-volume orders in a short time, thus, saving labor costs. Other benefits such as efficient space utilization, improved inventory control, access rights to selected users, and clean storage conditions are the major factors propelling the installation of micro fulfillment center solutions in the retail industry. Automated order picking and storing jobs performed in micro fulfillment centers are expected to gain more popularity in the coming years, in turn, boosting the North America micro fulfillment centers market share in the retail sector.

Alert Innovation, Attabotics, Autostore, Bastian Solutions, Berkshire Grey, Davinci Micro Fulfillment, Dematic, Exotec, Fortna, Get Fabric, Hai Robotics, Hoj Innovations, Honeywell International, Kardex, Knapp AG, KPI Solutions, Locus Robotics, Nimble Robotics, Ocado Group, OPEX, Pacline Overhead Conveyors, PeakLogix, RightHand Robotics, StrongPoint, Swisslog, Symbiotic, Takeoff Technologies, TGW Logistic Group, The Hormann Group, and Urbx are among the prominent players in the North America micro fulfillment centers market. All these players are contributing to the North America micro fulfillment centers market growth through various strategic initiatives such as product launch, partnerships, agreements, and more.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


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