Asia Pacific Warehouse Execution System Market By Component (Software and Services), By Deployment Type (Cloud and On-premise), By End User (Third-Party Logistics (3PL), Automotive, Food & Beverages, Consumer Electronics, Healthcare and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Warehouse Execution System Market would witness market growth of 13.1% CAGR during the forecast period (2021-2027).
Warehouse execution system is basically a hybrid software system with features of Warehouse Control System (WCS) & Warehouse Management System (WMS), which makes it an ideal solution for companies that have vast order volumes and more throughput requirements. This system also enables enterprises to manage equipment and labor by its dynamic optimization that assists the facility owners in the management of resources and improves facility operations. Additionally, with a high order volume, the automated warehouse facilities should be furnished with new technologies to fulfil their rising requirement for agile fulfilment.
There are several manufacturers & warehousing service providers who are increasingly aiming at automating procedures in their facilities. These manufacturers are mainly emphasizing software solutions like WES that involve several functions including optimized order execution, automation control, intelligent routing, automated sortation, congestion management, optimized workflows, real-time visibility, and among others.
The increasing disposable income in emerging nations like India, China, and Japan is motivating consumers to spend more on various goods. Along with this, consumers are also shifting from offline stores to online shopping platforms, which is further increasing the need for warehouses by the manufacturers that would further bolster the demand for WES in the regional market.
Moreover, the automotive sector and expanding e-commerce sector in this region are creating lucrative opportunities for the key WES vendors to expand their business in the Asia Pacific region. Many global giants are heavily investing in building their own warehouse in the region due to cheap labor and raw materials, which would surge the demand for warehouse execution systems in the region.
The China market dominated the Asia Pacific Automotive Warehouse Execution System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $42.4 million by 2027. The Japan market is exhibiting a CAGR of 12.1% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 13.4% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on End User, the market is segmented into Third-Party Logistics (3PL), Automotive, Food & Beverages, Consumer Electronics, Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toyota Industries Corporation (Bastian Solutions LLC), VARGO Integrated Systems, Inc., Softeon, SSI Schaefer Group,Fortna, Inc. - Thomas H. Lee Partners, Invata Intralogistics, Matthews International Corporation, Westfalia Technologies, Inc., Honeywell International, Inc., and Manhattan Associates, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By End User
- Third-Party Logistics (3PL)
- Food & Beverages
- Consumer Electronics
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Toyota Industries Corporation (Bastian Solutions LLC)
- VARGO Integrated Systems, Inc.
- SSI Schaefer Group
- Fortna, Inc. - Thomas H. Lee Partners
- Invata Intralogistics
- Matthews International Corporation
- Westfalia Technologies, Inc.
- Honeywell International, Inc.
- Manhattan Associates, Inc.
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