The Logistics Automation Market size was USD 32.7 Billion in 2023 and is expected to Reach USD 67.5 Billion by 2031 with a growing CAGR of 9.5% over the forecast period of 2024-2031.

The logistics automation market is experiencing unprecedented growth, fueled by technological advancements and the increasing need for efficiency in supply chain operations. From warehouse automation to autonomous vehicles, companies are embracing innovative solutions to streamline their logistics processes. This market evolution is not just about replacing manual tasks with machines but also about leveraging data analytics and artificial intelligence to optimize decision-making and resource allocation.

One of the key drivers propelling the logistics automation market forward is the relentless demand for faster delivery times and greater accuracy. E-commerce giants and traditional retailers alike are under pressure to fulfill orders quickly and accurately, leading them to invest in automation technologies such as robotic picking systems and automated sorting facilities. These solutions not only enhance speed and accuracy but also reduce labor costs and minimize errors, ultimately improving customer satisfaction and loyalty..

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Logistics Automation  industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Logistics Automation  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

   Murata Machinery, Ltd., Honeywell International Inc., Jungheinrich AG, Daifuku Co., Ltd., SSI Schaefer Group, Knapp AG, Mecalux, S.A., Kion Group AG, TGW Logistics Group GmbH, Beumer Group GmbH & Co. KG, Dematic Corp, and other players. 

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Logistics Automation market.

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It has segmented the global Logistics Automation market

By Component

Hardware

• Autonomous Robots (AGV, AMR)
• Automated Storage and Retrieval Systems (AS/RS)
• Automated Sorting Systems
• De-palletizing/Palletizing Systems
• Conveyor Systems
• Automatic Identification and Data Collection (AIDC)

Software

• Warehouse Management System
• Transportation Management System

Services

• Consulting
• Deployment & Integration
• Support & Maintenance

By Function

• Inventory & Storage Management
• Transportation Management

By Logistics Type

• Sales Logistics
• Production Logistics
• Recovery Logistics
• Procurement Logistics

By Software Application

• Inventory Management
• Order Management
• Yard Management
• Shipping Management
• Labor Management
• Vendor Management

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

 By Vertical

• Retail & E-commerce
• Healthcare
• Automotive
• Aerospace & Defense
• Electronics & Semiconductors
• Others

Key Reasons to Purchase this Report:

A comprehensive study of market size, share and dynamics is a global Logistics Automation 'market research report and a thorough survey of developments in the field.

It offers an in-depth overview of revenue growth and an analysis of the total business benefits.

In addition to the strategic landscape for commodity pricing and marketing, the Logistics Automation ' industry research also provides key players.

This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment

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