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Global Micro Fulfillment Market to reach USD 36165.8 million by the end of 2029.

Global Micro Fulfilment Market Size study, by Technology (Cube-storage, Shuttle Based, AMR Based, Others), by End-Use (Grocery Omni-channel, Pure-play E-commerce, Retail Omni-channel, Others) and Regional Analysis, 2022-2029

Product Code: ALTL-18471481
Publish Date: 10-01-2023
Page: 200

Global Micro Fulfillment Market is valued at approximately USD 2074.1 million in 2021 and is anticipated to grow with a healthy growth rate of more than 44.86% over the forecast period 2022-2029. Micro fulfillment refers to a business/eCommerce seller approach that reduces the time between placing an order and the delivery of it by setting up modest e-commerce warehouses or storage facilities close to heavily inhabited areas. The facility’s near proximity to the customers allows it to deliver products that were ordered online quickly and affordably. The surge in usage in micro fulfillment centers in e-groceries, increasing government initiatives, coupled with the rapid proliferation of the internet are the key factors that are propelling the market demand in the global market.

The rising urbanization around the world is acting as a catalyzing factor for the growth of the market around the world. The UN Department of Economic and Social Affairs has stated that 55% of the world’s population currently resides in cities, and by 2050, that number is projected to rise to 68%. Also, according to projections, there is an additional 2.5 billion people living in urban areas by 2050 because of the quick urbanization and population growth completely with nearly 90% of this increase majorly in Asia and Africa. The micro fulfillment warehouses are ideal for intensifying across urban areas due to their small size to reach the end user more quickly because of the consumer’s close proximity. Moreover, the flourishing growth of the e-commerce sector, as well as rising technological advancement in micro fulfillment centers are presenting various lucrative opportunities over the forecasting years. However, the high initial & maintenance cost is hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Micro Fulfillment Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue of USD 706.9 million, owing to the growing urbanization, along with the growth across the e-commerce sector. Whereas, the Asia Pacific is expected to grow with the highest CAGR of 47.23% during the forecast period, owing to factors such as the rising penetration of the internet, as well as the growing trend of online shopping in the market space.

Major market players included in this report are:
Cleveron
Alert Innovation
Dematic
Exotec
Fabric
Fetch Robotics Inc
Addverb Technologies
Swisslog Holding AG
Attabotics
AutoStore

Recent Developments in the Market:
 In Oct 2022 Prime Cargo AS has selected Swisslog as its AutoStore partner for one of its two warehouses in Vestby, four miles south of Oslo. 56 robots, 23,000 boxes, with a total capacity of 46,000, 10 carousel ports, 4 conveyor ports, and a conveyor system that makes up the initial AutoStore solution. The solution and its related systems are controlled and managed by the SynQ AutoStore software, which is also part of the order. With an additional 40,000 boxes, the solution may be doubled and is set up for even more automation.
 In Jan 2022, Autostore announce the agreement for sales and implementation in this region with SmartLog with increasing demand for warehouse automation in Latin America. The expansion of key partner agreements helps in broadening the distribution of automated storage and retrieval system technology throughout the world.

Global Micro Fulfillment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Cube-storage
Shuttle Based
AMR Based
Others
By End-use:
Grocery Omni-channel
Pure-play E-commerce
Retail Omni-channel
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Micro Fulfillment Market, by Region, 2019-2029 (USD Million)
1.2.2. Micro Fulfillment Market, by Technology, 2019-2029 (USD Million)
1.2.3. Micro Fulfillment Market, by End-use, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Micro Fulfillment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Micro Fulfillment Market Dynamics
3.1. Micro Fulfillment Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Surge in usage in micro fulfillment centers in e-groceries
3.1.1.2. Increasing urbanization around the world
3.1.2. Market Challenges
3.1.2.1. High initial & maintenance cost
3.1.3. Market Opportunities
3.1.3.1. Flourishing growth of the e-commerce sector
3.1.3.2. Rising technological advancement in micro fulfillment centers
Chapter 4. Global Micro Fulfillment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Micro Fulfillment Market, by Technology
6.1. Market Snapshot
6.2. Global Micro Fulfillment Market by Technology, Performance – Potential Analysis
6.3. Global Micro Fulfillment Market Estimates & Forecasts by Technology 2019-2029 (USD Million)
6.4. Micro Fulfillment Market, Sub Segment Analysis
6.4.1. Cube-storage
6.4.2. Shuttle Based
6.4.3. AMR Based
6.4.4. Others
Chapter 7. Global Micro Fulfillment Market, by End-use
7.1. Market Snapshot
7.2. Global Micro Fulfillment Market by End-use, Performance – Potential Analysis
7.3. Global Micro Fulfillment Market Estimates & Forecasts by End-use 2019-2029 (USD Million)
7.4. Micro Fulfillment Market, Sub Segment Analysis
7.4.1. Grocery Omni-channel
7.4.2. Pure-play E-commerce
7.4.3. Retail Omni-channel
7.4.4. Others
Chapter 8. Global Micro Fulfillment Market, Regional Analysis
8.1. Micro Fulfillment Market, Regional Market Snapshot
8.2. North America Micro Fulfillment Market
8.2.1. U.S. Micro Fulfillment Market
8.2.1.1. Technology breakdown estimates & forecasts, 2019-2029
8.2.1.2. End-use breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Micro Fulfillment Market
8.3. Europe Micro Fulfillment Market Snapshot
8.3.1. U.K. Micro Fulfillment Market
8.3.2. Germany Micro Fulfillment Market
8.3.3. France Micro Fulfillment Market
8.3.4. Spain Micro Fulfillment Market
8.3.5. Italy Micro Fulfillment Market
8.3.6. Rest of Europe Micro Fulfillment Market
8.4. Asia-Pacific Micro Fulfillment Market Snapshot
8.4.1. China Micro Fulfillment Market
8.4.2. India Micro Fulfillment Market
8.4.3. Japan Micro Fulfillment Market
8.4.4. Australia Micro Fulfillment Market
8.4.5. South Korea Micro Fulfillment Market
8.4.6. Rest of Asia Pacific Micro Fulfillment Market
8.5. Latin America Micro Fulfillment Market Snapshot
8.5.1. Brazil Micro Fulfillment Market
8.5.2. Mexico Micro Fulfillment Market
8.5.3. Rest of Latin America Micro Fulfillment Market
8.6. Rest of The World Micro Fulfillment Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Cleveron
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Alert Innovation
9.2.3. Dematic
9.2.4. Exotec
9.2.5. Fabric
9.2.6. Fetch Robotics Inc
9.2.7. Addverb Technologies
9.2.8. Swisslog Holding AG
9.2.9. Attabotics
9.2.10. AutoStore
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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