PUBLISHER: Allied Market Research | PRODUCT CODE: 1179675
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179675
The micro fulfillment market size was valued at $2,126.0 million in 2021, and is projected to reach $88.329.5 million by 2031, registering a CAGR of 44.8% from 2022 to 2031. Micro fulfilment is a method of delivering high in-demand products directly from a small-scale warehouse located in the close proximity of the delivery location.
Micro fulfilment facilities are typically highly automated facilities, and make use of state-of-the-art material handling components. This increases the productivity of the facility, while eliminating the possibility of any human error.
The e-commerce industry witnesses a rise, attributed to availability of large variety of products, typically at a discounted price. In addition, rise in disposable income of masses, and favorable government policies to support the growth of e-commerce industry are playing instrumental role in the growth of the e-commerce industry. This has increased demand for micro-fulfilment facilities. In addition, rise in residential complexes across the world, fueled by the urbanization, is positively influencing the growth of the micro fulfilment market. However, the high initial cost associated with the setting up of micro fulfilment facilities is a major factor restraining the growth of the market.
In addition, advancements in technology that have enabled the automated material handling machines, is anticipated to provide lucrative opportunities for the growth of micro fulfilment market.
The micro fulfilment market is segmented on the basis of component, application, end-user industry, and region. On the basis of component, the market is bifurcated into control systems, and material handling. On the basis of application, the market is bifurcated into grocery, and merchandise. On the basis of end-user industry, it is categorized into retailers, and manufacturers & distributors. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, acquisition, agreement, collaboration, partnership, and business expansion to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the micro fulfilment market report include Ahold Delhaize, Alert Innovation, Inc., Bastian Solutions, LLC, Davinci Micro Fulfillment, Flowspace, Fortna Inc., Honeywell International Inc, HORMANN Group (HORMANN Logistik), Instacart, KION GROUP AG (Dematic), KPI Integrated Solutions, LOCAD, OPEX, PACK & SEND Holdings Pty Ltd, Pacline Overhead Conveyors, Swisslog, and The Kroger Company.
Key Benefits For Stakeholders
By End User Industry
By Component
By Application
By Region