Growing Logistics Automation Market : An Analysis of Trends and...

Growing Logistics Automation Market : An Analysis of Trends and Drivers

Posted 2024-06-25 07:03:31

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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 rapid growth driven by advancements in technology and the increasing demand for efficiency in supply chain operations. Automation technologies such as robotics, AI-driven software, and IoT-enabled devices are revolutionizing warehouses and distribution centers, enhancing speed, accuracy, and cost-effectiveness. Companies are adopting automated solutions to handle tasks like inventory management, order processing, and transportation, reducing human error and labor costs while improving overall productivity. This trend is expected to continue as businesses strive to meet rising consumer expectations for faster deliveries and seamless logistics operations in a competitive global market.

Moreover, the logistics automation market is witnessing significant innovation with the integration of machine learning and big data analytics, enabling predictive maintenance and real-time decision-making. These technologies enable logistics providers to optimize routes, minimize fuel consumption, and enhance fleet management, thereby reducing environmental impact. As sustainability becomes a crucial focus, automation not only improves operational efficiency but also supports green initiatives by optimizing resource utilization and reducing carbon footprints. With ongoing developments in automation technologies and increasing investments in research and development, the logistics automation sector is poised for continued expansion, reshaping the future of supply chain management globally..

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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
Customer Support
Others

By Organization Size

Large Enterprises
Small & Medium Enterprises

By Vertical

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

Key Objectives of the Global Logistics Automation Market Report:

The report conducts a comparative assessment of the leading market players participating in the globalLogistics Automation
The report marks the notable developments that have recently taken place in the Logistics Automation industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theLogistics Automation market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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