Logistics Automation Market was valued at US$ 50.1 Bn in 2021 and is expected to reach at US$ 103.9 Bn in 2029. Global Logistics Automation Market size is expected to grow at a CAGR of 10.98% through the forecast period.
Logistics Automation Market Overview:
Logistics Automation market landscape has been examined, and all of the key suppliers and application development and delivery developers have been present. Customer-centric methods by businesses, as well as the necessity to handle massive volumes of material, may define the market's future shape. During the projected period (2022-2029), there will be alliances with integration partners to achieve optimal technology, as well as webinars for future trends and insights.
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Logistics Automation Market Scope:
Maximize Market Research report on Logistics Automation Market provides an investigative analysis with a cohesive grasp of the economy's events as well as the consequences of the COVID-19 pandemic. It outlines drivers, challenges, opportunities, trends, and niches that industry leaders may leverage over the projected period (2022-2029).
The report discusses major advancements in the Logistics Automation industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in the Logistics Automation market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in the Logistics Automation industry.
Segmentation Analysis:
by Vertical
• Retail E-commerce
• Manufacturing
• Oil, Gas Energy
• Pharmaceuticals Healthcare
• Logistics Transportation
• Automotive
• Aerospace Defense
• Food Beverage
• Chemicals
• Others
Depending on Function The segment for transport management is expected to expand at the greatest CAGR. One of the most important elements thought to be propelling the expansion of the transportation management industry is the necessity to assure prompt delivery of goods while lowering transportation expenses. The global logistics automation market is expanding as a result of the rising adoption of cutting-edge technology in the logistics industry. This offers benefits connected to TMSs, which can assist firms in organising, carrying out, and optimising the physical movement of commodities.
by Components
• Hardware-integrated Systems
• Software
o Warehouse Management System (WMS) software
o Transportation Management System (TMS) software
• Services
o Consulting
o Implementation
o Support and Maintenance
using the component, Due to the increasing demand for robotics and automation technologies among food and beverage firms globally over the forecast period, the hardware-integrated systems category is anticipated to have the largest market share. The Automated Storage and Retrieval System (ASRS), conveyors and sortation systems, robotic handling systems, Autonomous Mobile Robots (AMRs), and Automated Guided Vehicles (AGVs) are included in the hardware-integrated systems sector. Since robots are being used more frequently throughout the whole supply chain, their use is anticipated to significantly increase in the near future, driving the market. To run the company's logistics operations in 2021, RMGroup's soft drink manufacturer Radnor Hills installed three ABB end-of-line robotic palletizers.
by Function
• Warehouse Storage Management
• Transportation Management
According to Vertical, the automotive sector is anticipated to dominate the market for logistics automation during the anticipated period. Growing rivalry in the automotive sector boosted the need for flexible logistics and automated production technologies, which improve car production and delivery. Logistics fleet management systems are utilised by the automotive industry to manage, track, and monitor the movement of commodities and vehicle fleets.
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Key Manufacturers:
The market research study analyses the market's main stakeholders. Among the key firms highlighted in the study are:
• Toshiba Logistics
• TGW Logistics Group GmbH
• Wisetech Global
• System Logistics SPA
• Falcon Autotech
• Dematic
• Daifuku
• Swisslog
• Honeywell Intelligrated
• Murata Machinery
• Knapp GG
• Jungheinrich AG
• SSI Schaefer
• Mecalux, S.A.
• Vitronic
• Beumer Group
• Hinditron
• JBT Corporation
• UlMA Handling System
• SI system LLC
• The Apache Software Foundation
• KNAPP AG
• Blue Yonder
• EK Automation
• HighJump
Regional Analysis:
The report offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives a global market analysis and prediction based on several segments. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East Africa, and South America, from 2021 to 2027.
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COVID-19 Impact Analysis on Logistics Automation Market:
The COVID-19 pandemic has had an impact on markets and consumer behaviour. It has had a significant influence on economies and civilizations alike. The effects of COVID-19 are expected to shift consumer demand to online platforms. This might permanently alter customer behaviour because once individuals get into the habit of purchasing online, it becomes a pattern that is difficult to break, compelling businesses to increase their online presence. COVID-19 has an immediate and extensive influence on consumer behaviour across all industries.
Key Questions answered in the Logistics Automation Market Report are:
- Which is the potential market for Logistics Automation in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the Logistics Automation market in the next seven years?
- What is the projected market size growth rate of the Logistics Automation Market?
- What segments are covered in the Logistics Automation Market report?
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