Logistics Automation Market Overview:
The Logistics Automation Market Growth is expected to grow USD 123.2 billion at a CAGR 12.30% in 2030. Logistics automation is transforming traditional logistics operations in many regions. Logistics automation provides efficiency to any industry. Automating the tasks such as tracking, documentation, freight operations has plenty of benefits. Human error in these tasks reduces due to logistics automation. There is the transparency of rates, better user experience and exceptional scalability to the enterprise with logics automation. Today, logistics automation is a crucial part of the logistics industry.
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.
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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.
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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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