Request Discount

Logistics Automation Market (Component - Hardware, Software, and Service; Application - Warehouse and Storage Management, and Transportation Management; End User - Logistics and Transportation, Retail, E-commerce, Manufacturing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2021

  • Rep Id : ICT00229

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the logistics automation market provides in-depth analysis of segments and sub-segments in the global as well as regional logistics automation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional logistics automation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global logistics automation market. According to the report, the global market for logistics automation was sized over USD 50 billion in 2020 and is expected to reach up to USD 90 billion by 2026 growing with a CAGR of 10.3% over 2020-2026.

 

Market Insight

Logistic automation is a concept that dates backs to a century. The invention of steamboats and railway engines can be said as the first step towards automation. These key discoveries revolutionized transportation and logistics. Further, this led to the creation of supply chains across the world. In modern times it is the technological advancements in robotics, autonomous vehicles, and drones that are revolutionizing logistics around the world. There are different types of logistics such as sales logistics, production logistics, recovery logistics, and procurement logistics. Each one of them requires a different set of automation hardware, software, and services. Nowadays automation means working alongside people in the warehouse and office. Rather than replacing the. In Lehman's terms, automation of logistics is the use of machinery, software, and control systems to improve efficiency. It is a broad term and refers to every function performed at a technological level.

 

The boom of the E-commerce industry is leading to increased demand in the logistics automation market. The decline of brick and mortar stores is happening at a fast rate. Automated logistics is playing an important role in the running of the E-commerce industry. From the use of robotics in assembling, storing, labeling material in warehouses to final delivery of the products to the customers. The use of automated processes guarantees smooth and flawless operations thus reducing operational costs for E-commerce companies. As the E-commerce industry is experiencing a boom so is the logistics and transportation industry across the world. Logistics and transportation are important of global supply chains. Due to a growing labor shortage, logistics automation has become a top priority. The automation in logistics leads to real-time access to data, error reduction, scalability, and speed. By optimizing and automating logistics, the movement of goods can be tracked at a higher level. The transportation of raw materials to the manufacturing facilities, distribution of the end product of manufacturing facilities is all included in logistics and transportation. As the manufacturing of automobiles, FMCG goods is growing so do the logistics and transportation need to grow. The adoption of logistics automation leads to improvement in the overall efficiency of operations. The costs of labor are also increasing rapidly. Thus operating a huge labor workforce becomes costlier. Upgradation to logistics automation results in saving costs in the long run and provides better efficiency than a human. These all things are driving the market.  The high cost of installment and maintenance, in the long run, limits the adoption of logistics automation. It is the only restraint in the market.  New technological developments such as autonomous and drones are expected to revolutionize the logistics automation market. Therefore, this is expected to create new opportunities in the market.

 

North America is expected to dominate the largest share of the market. Asia-Pacific is expected to grow at the fastest rate in the market. The adoption of logistics automation is growing rapidly in the North American region. The growing business of E-commerce platforms is also responsible for the region’s dominance. The existence of modern and advanced logistics and transportation infrastructure with mature supply chains. The companies are extensively in automating their warehouses to maintain the fluency of operations. Asia-Pacific region is the largest manufacturer of electronics in the world. Countries such as Thailand, South Korea, Taiwan, China, and others have advanced electronic manufacturing facilities. China is known as the factory of the world. As per World Economic Forum China accounts for 60% of global consumer goods export and 41% of global TMT exports. Thus logistics and transportation play a huge role in this region. This is expected to result in huge demand for logistics automation.


logistics automation market

 

Segment Covered

The report on global logistics automation market covers segments such as component, application, and end user. On the basis of component, the sub-markets include hardware, software, and service. On the basis of application, the sub-markets include warehouse and storage management, and transportation management. On the basis of end user, the sub-markets include logistics and transportation, retail, e-commerce, manufacturing, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Beumer Group, Honeywell Corporation, KION Group, Daifuku Co., Ltd, SSI Schaefer AG, Mecalux, S.A., TGW Logistics Group, Swisslog Holding AG, and KNAPP AG.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of logistics automation market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount