Logistics Automation Market Overview
The Logistics Automation Market research report provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets. It also offers in-depth examination about new product launches, recent developments, untapped geographies, and recent developments. Moreover, the report also provides intelligent insights on future technologies, R&D activities, and breakthrough product developments.
Logistics Automation Market, by Component, Function (Warehouse and Storage Management, Transportation Management), Organization Size (SMES, Large Enterprises), Vertical (3PL, Retail and Ecommerce, FMCG, Manufacturing) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global Logistics Automation market size is projected to reach USD 89 billion by 2026 at a CAGR of 10.7% from USD 49 billion in 2021 during the forecast period 2021-2028.
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Logistics is basically the process of managing the different aspects of resource like the acquisition, storage and transportation. The term is commonly used in business sector dealing with supply chains. Logistic automation delas with the automation of the cycle of logistics.it allows the various logistics to be networked and used unified for a single purpose.
With the emergence and dominance of IoT along with the technological advancements in robotics and the urgent need of ensuring the workforce safety are some of the factors that have supported long-term expansion for Logistics Automation Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The disrupted supply chains have created a negative but short-term effect on the market.
Logistics Automation Market Regional Analysis
APAC is expected to be the largest market during the forecast period. With the technical and industrial advancements along with the increased investment in the infrastructure have led to the expansion of market in the region.
Logistics Automation Market Competitive Landscape
Key Players
· 6 River Systems
· ABB
· BEUMER Group
· Blue Yonder
· Daifuku
· Dematic
· E&K Automation
· Eyesee (Hardis Group)
· Falcon Autotech
· GreyOrange
· HighJump
· Honeywell Intelligrated
· Jungheinrich
· Knapp
· Locus Robotics
· Manhattan Associates
· Oracle
· SAP
· SBS Toshiba Logistics
· Seegrid
· SSI Schaefer
· Swisslog
· System Logistics
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Recent Developments in The Logistics Automation Market
· In February 2021, Honeywell Intelligrated and Fetch Robotics signed a partnership contract. Fetch Robotics is all set to launch an autonomous mobile robot called PalletTransport1500.
· In May 2020, Manhattan Associates launched the Manhattan Active Warehouse Management solution. It is the world’s first cloud-native enterprise-class Warehouse Management System (WMS) that unifies every aspect of distribution and never needs upgrading. Manhattan Active WM ushers in a new level of speed, adaptability, and ease of use within distribution management.
Reasons to Acquire Logistics Automation Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Logistics Automation market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Logistics Automation Market is segmented into Component (hardware-integrated systems, software, and services), function, organization size, vertical and geography.
On the basis of Component
Hardware-integrated Systems
Software
Warehouse Management System (WMS) software
Transportation Management System (TMS) software
Services
Consulting
Implementation
Support and Maintenance
On the basis of Function
Warehouse and Storage Management
Transportation Management
On the basis of Organization Size
SMEs
Large Enterprises
On the basis of Vertical
Manufacturing
Healthcare and Pharmaceuticals
Fast-Moving Consumer Goods (FMCG)
Retail and eCommerce
3PL
Aerospace and Defense
Oil, Gas, and Energy
Chemicals
Others (paper and printing, and textiles and clothing)
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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Logistics automation is the application of computer software and/or automated machinery to improve the efficiency of logistics operations.
It refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain management systems and enterprise resource planning systems.
A logistics automation system compliments the facilities provided by higher level computer systems.
Changes due to economic development, enhancement of disposal income, affordability, and buying a pattern of customers has led to the growth of the logistics automation market.
The increasing affordability is, thereby, raising expectations for better services, in terms of product portfolio, delivery time, and cost, which in turn is increasing the demand for logistics automation as it can increase the efficiency of warehousing and transportation.Request to sample for this resaerch report @ http://www.arcognizance.com/enquiry-sample/233925 Global Logistics Automation market is accounted for $42.80 billion in 2017 and is expected to reach $126.53 billion by 2026 growing at a CAGR of 12.8% during the forecast period.
Some of the key factors propelling the market growth are Exponential Growth of the E-Commerce Industry, Advancements in Robotics and Emergence of IoT.Some of the key players in Logisttics Automation market include: Daifuku, Beumer Group, Dematic, Falcon Autotechl, Honeywell Intelligrated, Jungheinrich AG, Knapp AG, Mecalux, S.A., Murata Machinery, SSI Schaefer, Swisslog, System Logistics SPA, TGW Logistics Group GmbH, Toshiba Logistics, Vitronic and Wisetech GlobalBased on End User, Retail & Ecommerce segment is projected to be the growing segment.
