Logistics is one of the major applications for technologies such as automation, robotics, and artificial intelligence, and the industry is currently valued at approximately $5 trillion, globally. Economic development, enhancement of disposable income, affordability, and buying pattern of customers across various countries has seen dramatic changes in the recent years.
With increase in affordability, the customer in turn asks for better services and have higher expectation, in terms of availability of products and the delivery time and cost. Such high customer expectation demand the manufacturing, warehousing, and transportation to become more efficient.
Logistics Automation refers to the application of automation software and machinery to improve upon the efficiency of logistics operations. The Logistics Automation system comprises of equipment (automated storage and retrieval systems, vertical lift modules, automated guided vehicles, conveyers, robots, etc.), software (integration software, operation control software, business control software, etc.), and relevant services.
The e-commerce boom in recent years, has impacted manufacturing, retail, and logistics industries dramatically. In the last few years, retail industry is transitioning from the traditional brick and mortar stores to online stores.
Such a transition is putting tremendous pressure on the supply chains and warehousing systems, which is further increased by the labor challenges. Logistics Automation is a solution to these challenges, and is being implemented across the globe to smoothen the operating processes.
Hence, the e-commerce boom is driving the market for Logistics Automation. Other important factors causing growth in the Logistics Automation market are advancements in technologies such as robotics, and automation. High cost of implementation, and security and safety concerns are some of the major challenges in the market.
Some of the key players of Logistics Automation market are Dematic, Daifuku, Kion Group, Kuka Robotics Corp., Murata Machinery, Ltd., TGW Logistics Group, VITRONIC, System Logistics Spa, Falcon Autotech, and ULMA Handling Systems amongst others.
In terms of geography, Logistics Automation market can be segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Logistics Automation market in the North American region currently holds the largest share of global Logistics Automation market, and is expected to continue the same in the forecast period as well.
Countries including the U.S., China, Japan and Germany are expected to foresee considerable traction in the Logistics Automation market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Logistics Automation Market can be segmented on the basis of Component, Application, and Verticals.
On the basis of Component, Logistics Automation Market can be segmented as:
On the basis of Application, Logistics Automation Market can be segmented as:
On the basis of Vertical, Logistics Automation Market can be segmented as:
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Logistics Automation Market
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