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Toyota, BMW Lead Among Most-Shopped Non-Luxury, Luxury Auto Brands, According to Latest Kelley Blue Book Brand Watch Report

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Toyota dominates as the most-shopped non-luxury automotive brand while BMW remains on top among luxury brands, as revealed along with other new-vehicle shopping and consumer perception findings in the latest Kelley Blue Book Brand Watchä Report for Q2 2021. In addition, amid ongoing supply-chain issues and inventory struggles throughout the auto industry, pickup truck shopping increased, traditional car shopping stabilized, and SUV shopping leveled off in the second quarter of the year.

Kelley Blue Book’s Brand Watch Report features insights from a consumer perception survey among new-car shoppers that also weaves in shopping behavior to determine how a brand or model stacks up with its segment competitors on a dozen factors key to consumers’ buying decisions. Kelley Blue Book produces a separate Brand Watch Report for non-luxury and luxury brands each quarter.

“As the entire automotive industry continues to grapple with the ongoing microchip shortage and related supply chain disruptions as a fallout of the global pandemic, it’s interesting to see how consumer perceptions and shopping behaviors change in some areas and how they hold steadfast in others,” said Vanessa Ton, senior industry intelligence manager for Kelley Blue Book. “Top brands like Toyota and BMW have stayed at the top of shoppers’ consideration lists, but interest in popular models has shifted and other brands are starting to close in. We also see that segment considerations fluctuated quite a bit among shoppers in response to inventory shortages.”

Non-Luxury Brand Highlights: Toyota Most-Shopped Non-Luxury Brand, as Ford Closes the Gap; Japanese Brands Lose Shopping Consideration, with Subaru Suffering Biggest Loss; Trucks Regain Traction as SUVs Level Off, Cars and Minivans Hold Steady

According to the Q2 2021 Kelley Blue Book Brand Watch Report for non-luxury brands, inventory-constrained Toyota continues to hold onto its top spot for shopping consideration. Of all non-luxury vehicle shoppers, a full one-third considered a Toyota in Q2, slipping by one percentage point from the first quarter but still maintaining the lead. Shopping consideration also translated into sales, as Toyota sales rose 74% in the second quarter, far outpacing the industry’s 50% gain and causing its market share to edge higher. For the first time, Toyota (together with its luxury sister brand Lexus) sold more vehicles in the quarter than General Motors.

Despite Toyota’s most-shopped status, ongoing inventory shortages likely hampered the brand’s growth in Q2. Shopping consideration for the Toyota RAV4 fell 15% from the first quarter, likely because the RAV4 and its hybrid version had the lowest inventories of all models during the second quarter. Toyota’s midsize Tacoma pickup truck, also in short supply, experienced a 6% decline in consideration. However, the Toyota Camry rode the wave of growth in traditional-car sales with an 18% increase in shopping consideration, landing the sedan a spot on the Top 10 most-shopped non-luxury models for the first time since last year.

Meanwhile, Ford narrowed the gap with Toyota in the second quarter despite its own supply challenges. In the first quarter of the year, Toyota was at 34% and Ford was at 29%, but in Q2, Toyota slipped to 33% while Ford rose to 31%. Ford was one of the few brands that had higher shopping consideration in the second quarter than the first, despite production cuts and inventory shortages. The brand was lifted by rising consideration for certain models, including the full-size F-150 pickup (up 13%), the larger F-Series trucks (up 22%), Explorer (up 8%), and Mustang Mach-E. Meanwhile, Ford’s crosstown domestic rival Chevrolet experienced an increase in non-luxury shopper consideration, up to 27% in Q2 from 25% in Q1. Shopping consideration for the Chevrolet Silverado 1500 pickup was up 28% from Q1, the biggest gain of any model in the industry.

Japanese non-luxury brands lost shopping consideration, with the exception of Mitsubishi which held steady. South Korean brands Hyundai and Kia held steady, as well – despite lower or stagnant shopping consideration, all had higher sales in Q2, and some set records. Subaru suffered the biggest loss in shopping consideration of any brand, falling to 13% of all shoppers (a drop of three percentage points from Q1), possibly due its extremely tight inventories caused by the chip shortage. Subaru’s most popular models, the Outback and Forester, had the scantest inventories throughout the quarter and fell the most among the Top 10 most-shopped non-luxury vehicles. Shopping consideration for Forester declined 26%, while Outback was down 22%.

When examining non-luxury segments, shopping consideration for pickup trucks picked up steam once again in Q2 after taking a breather in the first quarter from previous frenzied levels. Of all non-luxury shoppers, 31% considered a truck. The return of interest in trucks may be due to strong construction and housing starts as Americans beef up home projects amidst the pandemic. Some shoppers also may consider pickups as an alternative to SUVs.

SUV consideration leveled off in Q2 after reaching new heights in Q1. Of all non-luxury shoppers, 64% considered an SUV, down from a record 67% in the first quarter. Weakened shopping consideration for compact and midsize SUVs – both very popular categories with extremely low supply – likely drove the SUV category softening. Undoubtedly SUV consideration will regain momentum as several anticipated new models hit the market soon, including Jeep’s new Wagoneer and Grand Cherokee offerings, the Mazda CX-50 and the Toyota Corolla Cross.

Sales of traditional cars rose 62% in Q2, and shopping consideration for traditional cars held steady at 33% of all non-luxury shoppers. Some SUV shoppers likely looked to cars as alternatives to SUVs that were in short supply, while some used-vehicle shoppers who found empty dealership lots chose to buy a new car instead. The minivan segment held steady at 5% of all shoppers, and minivans had the lowest inventories of any segment through much of Q2.

The Top 10 most-shopped non-luxury vehicles list for Q2 represents a mix of trucks, SUVs and sedans, as well as domestics and imports. Ford and Toyota led with three vehicles each on the list, while Honda and Subaru each had two, and Chevrolet had one.

Kelley Blue Book Brand Watch Report Q2 2021: Top 10 Most-Shopped Non-Luxury Vehicles

Rank

Vehicle Category

Make

Model

1

Full-Size Truck

Ford

F-150

2

Full-Size Truck

Chevrolet

Silverado 1500

3

Compact SUV

Honda

CR-V

4

Compact SUV

Toyota

RAV-4

5

Midsize SUV

Subaru

Outback

6

Full-Size Truck

Ford

F-250/F-350/F-450

7 (tied)

Midsize Car

Honda

Accord

7 (tied)

Midsize Truck

Toyota

Tacoma

8 (tied)

Midsize SUV

Ford

Explorer

8 (tied)

Compact SUV

Subaru

Forester

8 (tied)

Midsize Car

Toyota

Camry

Luxury Brand Highlights: BMW Most-Shopped Luxury Brand, Widens Gap with Lexus; Luxury Car Shopping Stabilizes Amid SUV Dominance; Tesla Consideration Wanes, Yet Model 3 Remains Most-Shopped Luxury Vehicle

According to the Q2 2021 Kelley Blue Book Brand Watch Report for luxury brands, BMW experienced a stellar second quarter in terms of both shopping consideration and sales. Despite the global chip shortage challenging the industry, BMW managed to outmaneuver its competitors to deliver the largest gain in shopping consideration among luxury brands while also capturing the lead in luxury vehicle sales. With a healthy second-quarter gain of three percentage points from the first quarter, BMW remains the most-shopped brand for the 12th straight quarter. Of all luxury vehicle shoppers, 23% considered a BMW. Increased shopping consideration for two sedans and two SUVs spurred along BMW’s gains in Q2: the 5 series sedan increased 42% and the 3 Series sedan rose 33%, while the X5 and X3 utility vehicles increased 11% and 8%, respectively. With the forthcoming U.S. introduction of new products like the electric i4 sedan and 2 Series, BMW consideration has room to grow even further.

For luxury brand runners-up, Lexus widened its gap to winner BMW but held steady at 19% of shopping consideration, Audi gained a percentage point to tie with Lexus, and Mercedes-Benz captured 15% to take the third-most-shopped spot. The second-biggest gain in shopping consideration for Q2 went to Porsche, due to a surge in consideration for the 911, Macan and 718.

By segment, shopping consideration for luxury SUVs remained unchanged from the first to the second quarter; of luxury vehicle shoppers, 66% considered an SUV. The luxury SUV category may gain momentum with the forthcoming release of several new models this year, including the redesigned Lexus NX, the Volvo C40 and the long-awaited Infiniti QX60. While luxury cars have not experienced the dramatic decline in shopping consideration that non-luxury cars have in recent years, consideration in the category is stabilizing and slightly growing. Q2 luxury car shopping gained one percentage point to 55% of all luxury vehicle shoppers. Luxury car consideration may improve – or at least stabilize further – with the upcoming introduction of new models like the Audi A3, BMW 2 Series, Mercedes-Benz C-Class and Acura ILX.

Even though luxury car shopping eked out a gain while luxury SUV shopping held steady for Q2, utility vehicles still comprised the majority of the Top 10 most-shopped luxury vehicles. Of the Top 10, seven were SUVs and only three were cars. BMW leads among brands with four vehicles on the Top 10 list, Tesla and Buick each had two, and Lexus and Acura each had one. While Tesla shopping consideration has waned overall in Q2, dipping a percentage point due to declining consideration for the Model 3, Model Y and Model S, the brand continues to dominate the list of most-shopped EVs and holds tight to the No. 1 spot of most-shopped luxury vehicles with the Model 3.

Kelley Blue Book Brand Watch Report Q2 2021: Top 10 Most-Shopped Luxury Vehicles

Rank

Vehicle Category

Make

Model

1

Entry Luxury H/P/E Car

Tesla

Model 3

2

Luxury Car

BMW

5 Series

3

Luxury Midsize SUV

Lexus

RX

4

Entry Luxury Car

BMW

3 Series

5

Luxury Midsize SUV

Buick

Enclave

6

Luxury Midsize SUV

BMW

X5

7

Luxury Compact H/P/E SUV

Tesla

Model Y

8

Luxury Midsize SUV

Acura

MDX

9

Luxury Subcompact

Buick

Encore

10

Luxury Compact SUV

BMW

X3

Artificial Intelligence

Two thirds of PR Pros can’t prove their work helps their business or client: CoverageBook

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Just 1 in 3 PRs track the commercial impact of their work – while 66% are focused on driving high volumes of coverage31% of PRs have seen budgets cut in the last year, but a staggering 50% of those respondents believe this would have been less likely if they could better prove commercial relevanceNew free tool ‘CoverageImpact’ helps PRs prove the value of their work and bridge this disconnectLONDON, Feb. 22, 2024 /PRNewswire/ — PR may talk the talk when it comes to boardroom relevance, but it’s failing to walk the walk. New research from CoverageBook, the leading PR industry reporting platform, shows that just one third of PR pros align their activity with commercial goals. The survey of over 350 senior PR and marketing professionals reveals a significant disconnect between how the PR industry measures and reports on activity and what senior leaders and budget holders expect to see. 

This research comes at a time when clients are putting increased scrutiny on PR teams to demonstrate impact. While the industry is finally putting outdated metrics like AVE (used by just 7% of respondents) to bed – there’s no consensus on how to prove the value of PR and communications.
To help build that consensus and allow every PR to prove the value of their work, CoverageBook is launching CoverageImpact, a revolutionary free tool designed to simplify PR reporting and impact measurement. The tool aims to bridge the gap between PR professionals’ activities and their clients’ commercial goals, ensuring that there’s no disconnect between agency and client or within a business.
This is particularly important as less than half of PR professionals currently consider new biz and sales when measuring the impact of their work – just 41% of UK respondents and 34% of US respondents take the new business/sales pipeline into account. These numbers drop significantly when asked about investment generation – 14% of UK respondents and 13% of US respondents. 
So what are they measuring? Well unsurprisingly, the focus is on outputs and audience, with 96% citing target audience as a key measurement criteria and 66% high volumes of coverage. 
Lack of commercial proof has a financial impact
The result of all this lack of commercial certainty? Unfortunately, it’s budget cuts. When asked about their 2023 budgets, 31% of all respondents said they had seen cuts (33% agencies, and 22% in-house).
Unsurprisingly, 50% of those respondents believe this would have been less likely if they could better prove commercial relevance. Breaking that figure down clearly shows the correlation between impact proof and budget decisions, with 75% of agency respondents and 25% of in-house respondents in the UK agreeing with that statement, alongside 79% of agency respondents and 21% of in-house respondents in the USA. 
Commenting on the findings, Alastair McCapra, CIPR CEO said: “These findings show how PR practitioners are putting more time into measurement and evaluation, but the lack of a common approach is costing us credibility. With one in three PR budgets being cut and a sluggish economy, we need to be more effective than ever in telling our story, and communicating the impact and value of our work.” 
When asked about the biggest challenges they face in measurement, 54% of all respondents cited a lack of a universal measurement framework, while 52% mentioned a lack of measurement tools. These findings underscore the urgent need for tools that simplify measurement and reporting, making it easier for PR professionals to demonstrate the value of their work.
Introducing CoverageImpact
CoverageImpact, developed by the creators of CoverageBook and Answer The Public, offers a simple solution for turning coverage tracker spreadsheets into visually appealing ‘coverage over time’ graphics. With CoverageImpact, users can easily add impact data to their reports without the need for complex pivot tables or data visualisation skills. The tool is compatible with popular PR tools such as Excel, Google Sheets, Cision, MuckRack, TalkWalker, Meltwater, and CoverageBook, making it accessible to PR professionals worldwide.
“The truth is everybody needs to level up on telling the story of their impact; how their work correlates to organisational impact – the stuff leadership and boards actually care about. We know this is happening in small pockets, there are some case studies of PR measurement already,” said Gary Preston, CEO & Co Founder at CoverageBook. “But only a few can afford dedicated teams with Python, Excel & Data viz skills to do the job. Our aim is to democratise PR measurement for everyone to start having credible impact stories.”
In addition to simplifying reporting, the tool is designed to help PR practitioners start credible conversations with senior business leaders and budget holders, create graphs that support strategic decision-making, and save time in generating reports.
To try out CoverageImpact, visit – https://coverageimpact.com/ 

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Travel and Expense Management Software Market Size to Grow USD 15.7 Billion by 2032 at a CAGR of 18.3% | Valuates Reports

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BANGALORE, India, Feb. 22, 2024 /PRNewswire/ — Travel and Expense Management Software Market Size, Share, Competitive Landscape and Trend Analysis Report by Deployment Type (On-premise, Cloud), by Organization Size (Large Enterprises, Small and Medium-sized Enterprises), by Industry Vertical (IT and Telecom, BFSI, Manufacturing, Public Sector, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

The global travel and expense management software market was valued at USD 3 Billion in 2022, and is projected to reach USD 15.7 Billion by 2032, growing at a CAGR of 18.3% from 2023 to 2032.
Claim Your Free Sample Now: https://reports.valuates.com/request/sample/ALLI-Manu-0L95/Travel_and_Expense_Management_Software_Market 
Major Factors Driving the Growth of Travel and Expense Management Software Market
The market for travel and expenditure management software is expanding due in large part to companies’ growing use of digital solutions to automate and streamline their travel and expense management procedures, which boost productivity and cut expenses. Further propelling the market development are the growing requirement for real-time visibility and control over spending, the necessity of regulatory compliance, and the increasing globalization of companies. Additionally, the incorporation of cutting-edge technologies like artificial intelligence (AI), machine learning, and data analytics into these software programmes is propelling market expansion by providing improved user experiences, predictive capabilities, and insights.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET:
The global increase in corporate travel activities is a major factor driving the growth of the travel and expense management software market. Businesses are sending more staff on business trips, conferences, and customer meetings as a result of globalization and growing corporate operations. Organizations are adopting travel and expenditure management software solutions to simplify procedures, track spending in real-time, and guarantee compliance with corporate regulations as a result of the spike in corporate travel, which makes effective administration of travel expenses necessary.
Businesses in a variety of sectors are looking for solutions to streamline and automate their spending and travel management procedures in order to increase productivity and cut expenses. Travel & Expense Management Software reduces mistakes and eliminates human data entry duties with features including automatic receipt scanning, automated expense report production, and connectivity with accounting systems.
Accurate tracking and reporting of travel costs is mandated by strict business rules and regulatory regulations. Through the use of travel and expense management software, businesses may make sure that workers follow company policy on spending limits, prompt approval of charges, and tax compliance. The capacity of these software solutions to uphold compliance requirements and enforce policy adherence is what propels their acceptance by companies of all sizes.
Having real-time insight into spending trends and travel expenditures is essential for efficient money management and budgetary selection. Travel and Expense Management Software gives businesses centralized platforms to manage expenditure, keep an eye on bills, and instantly analyze spending patterns. The demand is driven by this real-time insight, which enables firms to find cost-saving possibilities, make educated decisions, and reduce financial risks.
Travel and expense management software is starting to need integration capabilities with current business systems, such as ERP (business Resource Planning) and HR (Human Resources) systems. Processes are streamlined, data accuracy is improved, and data synchronization across various business operations is made possible through seamless integration. Adoption of software solutions with strong integration capabilities is fueled by organizations’ preference for integrated solutions that can combine travel and cost data with other financial and operational data.
The importance of data analytics and reporting tools in travel and expense management software is growing. Companies need to know about vendor performance, policy compliance, and travel expenditure trends in order to drive strategic decision-making and maximize costs. Organizations are able to get meaningful insights from travel and spending data by utilizing advanced analytics tools that are integrated into these software packages. These tools include predictive analytics, data visualization capabilities, and customisable reporting dashboards.
The increasing popularity of cloud-based travel and expense management software can be attributed to advantages including cost-effectiveness, scalability, and flexibility. By doing away with the requirement for on-premises infrastructure, cloud-based solutions enable businesses to access software from any place or device that has an internet connection. Small and medium-sized businesses (SMEs) find cloud-based solutions especially appealing due to their scalability and accessibility.
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TRAVEL AND EXPENSE MANAGEMENT SOFTWARE MARKET SHARE ANALYSIS
In 2022, the market was led by the cloud segment based on deployment mode. This may be ascribed to the rise in developments in cloud-based infrastructure, as cloud technology offers a number of advantages including easy access to diverse apps from far-off locations, virtual reservations, and other creative solutions.
In 2022, the travel and expenditure management software market was dominated by North America. This is explained by the region’s rapid adoption of cloud-based technology. On the other hand, the Asia-Pacific area is growing faster. This is explained by the rise in small-, medium-, and large-scale technological companies in the area.
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Key Players:
AvidXchange IncorporatedORACLE CORPORATIONKDSInterplx IncApptricity Corp.ExpensifyTripActionsSAP ConcurCoupa Software Inc8commonPurchase Chapters:
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Automating Efficiency: Saudi Arabia Warehouse Automation Market Gears Up for 14.2% CAGR, Driven by E-commerce Boom and Vision 2030: Ken Research

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GURUGRAM, India, Feb. 22, 2024 /PRNewswire/ — The Kingdom of Saudi Arabia’s warehouse automation market is on a trajectory for exponential growth, fueled by a surging e-commerce sector and ambitious national goals outlined in Vision 2030. Ken Research’s comprehensive report, Saudi Arabia Warehouse Automation Market Outlook to 2028: Automating the Path to Progress, sheds light on this dynamic market, poised for a remarkable 14.2% CAGR in the coming years. This press release summarizes the key findings and offers valuable insights for investors, logistics companies, and technology providers seeking to capitalize on this flourishing landscape. 

Market Overview: 
Several key factors are propelling the Saudi Arabian warehouse automation market towards a bright future: 
E-commerce Boom: The exponential growth of e-commerce is driving demand for efficient and high-throughput warehouse operations, necessitating automation solutions. Vision 2030: The government’s ambitious Vision 2030 plan emphasizes logistics sector development, creating a conducive environment for automation adoption. Rising Labor Costs: Increasing labor costs are prompting companies to seek automation solutions for cost-efficiency and productivity gains. Increased Demand for Storage: Growing population and economic diversification are leading to higher storage requirements, making automation crucial for efficient space utilization. Interested to Know More about this Report, Request a Free Sample Report
Segmentation Spotlight: 
Ken Research provides a detailed segmentation of the market, allowing you to pinpoint your target audience effectively: 
By Technology: Automated Storage and Retrieval Systems (ASRS) dominate the market, followed by Automated Guided Vehicles (AGVs) and robots. By Application: E-commerce and retail sectors are the primary adopters, followed by manufacturing, healthcare, and automotive industries. By Solution Provider: Global players like Honeywell, Siemens, and Vanderlande compete alongside regional players like Fawaz Refrigeration and Nesma & Partners Contracting Company. Competitive Landscape: 
The market features a mix of established players and emerging entrants: 
Global players: Honeywell, Siemens, Vanderlande, Swisslog, and Knapp. Regional players: Fawaz Refrigeration, Nesma & Partners Contracting Company, Abdullah Hashim Abunayyan Trading Company, and Al-Obeikan Group. Start-ups: Innovative start-ups are offering customized and cost-effective automation solutions. Recent Developments: 
Investment in automation: Major logistics companies and government entities are investing heavily in warehouse automation solutions. Focus on cloud-based solutions: Cloud-based warehouse management systems (WMS) are gaining traction for improved scalability and flexibility. Adoption of collaborative robots (cobots): Cobots are increasingly used for tasks requiring human-robot collaboration. Visit this Link :- Request for custom report
Future Outlook: 
The Saudi Arabian warehouse automation market is expected to witness exciting developments in the coming years: 
Growing demand for advanced technologies: Technologies like artificial intelligence (AI) and machine learning (ML) will be integrated for optimized operations. Rise of integrated solutions: Integrated automation solutions encompassing hardware, software, and services will gain popularity. Focus on sustainability: Environmentally friendly automation solutions will be increasingly sought after. Challenges to Address: 
Despite its promising future, the market faces some hurdles: 
High initial investment costs: The upfront costs of automation implementation can be a barrier for some companies. Lack of skilled workforce: Training and upskilling the workforce to operate and maintain automated systems is crucial. Data security concerns: Addressing data security concerns associated with connected automation systems is essential. Why This Report Matters: 
This report empowers various stakeholders to navigate the Saudi Arabian warehouse automation market: 
Investors: Identify lucrative investment opportunities across different technologies and segments. Logistics companies: Gain insights into emerging trends, optimize their operations, and improve efficiency. Technology providers: Tailor their offerings to meet specific market needs and expand their reach. Government entities: Formulate policies that support market growth and achieve Vision 2030 goals. Request free 30 minutes analyst call
Taxonomy
By Product Category
Semi-AutomatedFully AutomatedBy Product Component
Conveyor System/ Sortation SystemAutomated Storage & Retrieval SystemWarehouse Management SystemAMR/AGVOthers (Pick-to-Light and Put-to-Light Systems and automated packaging: wedging, volume reduction, personalization and more)Automatic Identification and Data Capture (AIDC)By Automated Technology
HardwareSoftwareBy End-User
E-CommerceRetail (Supermarkets, Hypermarket, Consumer Durables & More)3PL/LogisticsOthers (Health & Beauty, Pharma, Furnishing)For More Insights On Market Intelligence, Refer To The Link Below: –
Saudi Arabia Warehouse Automation Market
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MDO PET Films Market in UAE Outlook to 2027 Driven by increasing population, food and beverage demand and pharmaceutical consumption
Rise in cross-border shopping, with 58% of online purchases made from overseas vendors due to reliable shipping methods, and favorable pricing are the key drivers of e-commerce in the country. The growth of e-commerce in the UAE will boost the demand for packaging materials, especially tapes which are manufactured via MDO PET Films.
UAE Movers Market Outlook to 2028 Driven by Real Estate and Infrastructure Development and Growing Expatriate Population in the Country
Future market size for UAE Movers set for substantial growth from 2022 to 2028. Launch of over 10,000 new townhouses and villas in May 2022, with handover expected by 2025, indicating a surge in property developments and increased demand for moving services. Ongoing urban development projects, including new residential communities and commercial centers, anticipated to boost the demand for professional movers.
South Korea Warehouse Automation Market Outlook to 2027 Driven By increasing demand from end-user industries and factors such as increasing labor cost and labor shortage in the country
According to Ken Research estimates, the Market Size of South Korea Warehousing has shown increasing trend from 2019 to 2022. South Korea’s strategic location as a gateway between Europe, Asia, and Africa makes it an attractive hub for trade. The country has been actively promoting foreign trade and industrialization, attracting international companies to set up manufacturing facilities and distribution centers. This leads to an increased demand for warehousing services to support import, export, and local supply chains.
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