Market Scope:
The exponential rise of e-commerce is a primary driver of the global logistics automation market. Apart from large-scale vendors, digitalization has revolutionized the purchasing experience of users and given a new platform for small and medium-sized vendors. The Logistics Automation Market research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. Logistics Automation Market is estimated to register a note worthy CAGR of 12.30% and will reach up to 123.2 Billion by 2030.
Dominant Key Players on Logistics Automation Market Covered are:
- Dematic Corp. (US)
- Daifuku Co. Ltd (Japan)
- Swisslog Holding AG (Switzerland)
- Honeywell Intelligrated (US)
- Murata Machinery Limited (Japan)
- Knapp AG (Austria)
- Jungheinrich AG (Germany)
- SSI Schaefer LLC (UAE)
- MecaluxSA (Spain)
- VITRONIC (Germany)
- Beumer Group (Germany)
- Toshiba Infrastructure Systems & Solutions Corporation (Japan)
- TGW Logistics Group GmbH (Austria)
- WiseTech Global (Australia)
- System Logistics SPA (Italy)
- Falcon Autotech (UK)
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Market USP Exclusively Encompassed:
Market Drivers
Logistics automation enables industries to improve customer service by delivering real-time information; for example, automation has increased transportation productivity by allowing users to obtain information such as freight rates and transit modes in real-time. Furthermore, logistics automation has changed the transportation industry by minimizing errors, resulting in lower costs, as faults in the supply chain can increase shipping costs. Furthermore, technological improvements have enabled users to operate a process or a machine using smartphones like smartphones. Automation has boosted the speed and scalability of the logistics industry's operations.
Furthermore, organizations operating in the global logistics automation markets are developing new solutions, hardware, and software. In 2016, The KION Group acquired Dematic Corp., one of the leading participants in the automation supply chain in the United States. The acquisition was made to strengthen the former's market position. Toyota Industries Corporation (TICO) reached an agreement to purchase Vanderlande Industries BV in 2017 in order to strengthen customer service and provide automation solutions to industries worldwide. Companies are focused on tactics such as collaboration, acquisition, and R&D investments, which are contributing to the market's growth.
Segmentation of Market Covered in the Research:
The global logistics automation market has been segmented into component, organization size, application, and end-user.
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By component, the global logistics automation market has been segmented into hardware, software, and services. The hardware segment has been further divided into mobile devices, automated guided vehicles, sorting and picking systems, and others.
By organization size, the global logistics automation market has been segmented into large enterprises and SMEs.
By application, the global logistics automation market has been segmented into warehouse management and transportation management.
By end user, the global logistics automation market has been segmented into retail and e-commerce, manufacturing, oil & gas, healthcare and pharmaceuticals, automation, aerospace & defense, and others.
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Report Overview:
- Market overview highlights
- Analysis based upon COVID 19
- Explanation upon the Market Dynamics
- Value chain analysis
- Market segmentation overview
- The regional analysis
- Competitive landscape analysis
- Recent Developments
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