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Revenues are a proxy for market share being captured. Should you’re not rising revenues, you’re dropping market share to opponents. Within the case of huge complete addressable markets (TAMs), there could also be sufficient alternative to go round, which implies there must be no impediments to rising quick besides inner constraints. So, if the warehouse automation alternative is a $100 billion blue ocean alternative, then why is AutoStore (AUTO.OL) seeing income progress stall?
Editor’s Observe: All numbers on this article are USD except acknowledged in any other case.
AutoStore’s Income Development
Double-digit income progress is nothing to sneeze at, however slowing from 78% progress in 2022 to 11% in 2023 is a dramatic decline. The CEO’s letter describes their progress in 2023 as “considerably outpacing the sunshine AS/RS warehouse automation market, which declined 16 %,” in accordance with a “top-tier administration consulting agency.” With solely round 20 % of the market penetrated, there’s loads of alternative left to seize with $6.5 billion in pipeline order
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