Market Highlights
Logistics Automation Market Size is estimated to register a note worthy CAGR of 12.30% and will reach up to 123.2 Billion by 2030.
Logistics automation is the use of automated processes and technology to improve the efficiency of logistics operations 1. This can include the use of software, robotics, and other forms of automation to streamline processes such as inventory management, order processing, transportation, and delivery.
Logistics automation can help organizations reduce costs, improve accuracy and speed of operations, and better meet customer expectations. For example, automated inventory systems can help companies manage stock levels more effectively, while automated order processing can speed up the fulfillment process and reduce errors.
The use of automation in logistics is becoming increasingly important as the industry faces a range of challenges, including rising customer expectations, increasing competition, and a need to reduce costs. It can also help organizations to respond more effectively to changing market conditions, by providing greater flexibility and agility in their operations.
However, the implementation of logistics automation can also present some challenges, such as the need for significant investment in technology and infrastructure, as well as the need to train employees on new systems and processes. Additionally, automation can often lead to job losses in certain areas, which can be a difficult transition for affected employees.
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Overall, logistics automation is an important trend that is driving greater efficiency, speed, and accuracy in logistics operations. As technology continues to advance, it is likely that even more sophisticated forms of automation will be developed to help organizations stay ahead of the competition and meet the evolving needs of their customers.
Segmental Analysis
The segmental assessment of the logistic automation market is segmented on the basis of component, organization size, application, end-user and region. Based on the end-user, the logistic automation market has been segmented into manufacturing, automation, oil gas, healthcare and pharmaceuticals, retail and e-commerce, aerospace defence, and others. Based on the components, the logistic automation market has been segmented into hardware, services and software.
The hardware segment is further segmented into sorting and picking systems, automated guided vehicles, mobile devices, and others. On the basis of the organization sizes, the logistic automation market has been divided into large enterprises and SMEs. The application basis of segmenting the logistic automation market consist of transportation management and warehouse management. On the basis of regions, the logistic automation market has been segmented into Europe, North America, Asia-Pacific, and the rest of the regions.
Detailed Regional Analysis
The regional study of the logistic automation market includes regions such as Europe, North America, Asia-Pacific, and the rest of the regions. The North American region is an early adopter of the technology, which has cemented its position at the vanguard of development in the global market. Furthermore, the incidence of some of the initial adopters of automation software and solution such as transportation, retail, manufacturing, automotive, healthcare, and pharmaceutical industries, are also backing the market progress. In addition, the existence of vital players in the region of Europe led to its position as the second prime market segment in the logistics automation market. The regional market of Asia Pacific is anticipated to be the fastest developing regional market owing to the speedy implementation of the technology among the other major industries.
Competitive Analysis
MRFR recognizes the key players in the global logistics automation market as 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), Mecalux, SA (Spain), VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), and Falcon Autotech (UK).
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
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