Report Ocean introduces a fresh report examining the ‘Logistics Automation Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Logistics Automation Market, which includes a full table of contents, over 120 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
The global logistics automation market is projected to grow at a robust compound annual growth rate (CAGR) of 12.6%, poised to reach a market value of USD 100.1 billion by 2023.
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In recent years, the logistics landscape has witnessed a transformative shift towards automation, driven by changing customer preferences and the evolving demands of the modern supply chain. Expanding product categories have posed logistical challenges, while heightened customer expectations for services like ‘last-mile delivery’ and ‘delivery on-demand’ have become the norm. To enhance operational efficiency and maintain competitiveness, companies are increasingly turning to logistics automation.
Segmentation Based on Components:
The hardware segment is anticipated to command a market share exceeding 50% throughout the forecast period, experiencing a CAGR of 10.7%. While many companies prefer hardware solutions such as automated conveyor systems, lift trucks, automated racks, and robotic picking for implementing logistics automation, the significant capital investment required serves as a deterrent. Consequently, some opt for software solutions due to their ease of integration and cost-effectiveness. The software segment is expected to exhibit the highest CAGR of 16.0%, driven by the imperative to reduce capital investments, leading to increased reliance on third-party logistics automation service providers.
End-Use Industry Segment Insights:
The exponential growth of the e-commerce industry, coupled with expectations of faster deliveries and intense market competition, drives the logistics automation market’s highest growth in the e-commerce and retail segment. It is poised to expand at a remarkable CAGR of 16.9% during the analysis period, ultimately commanding a market share of over 40% by 2023.
The online product delivery ecosystem and the preference for air transport are poised to significantly increase air cargo volumes. To meet these demands, airports worldwide are embracing logistics automation to enhance capacities, despite land constraints, and ensure the error-free and secure handling of substantial freight volumes.
Logistics automation also finds extensive applications in the food and beverage industry, excelling in precise product measurements, flawless packaging, and the execution of repetitive tasks in challenging environments such as freezer warehouses.
Regional Insights:
Europe and North America, mature markets with market shares of 33.6% and 29.2% respectively in 2018, have been at the forefront of the global logistics automation sector. Moreover, a majority of key industry players are headquartered in Europe. The logistics sector significantly contributes to the GDP of European nations, making it an attractive avenue for automation investments. In contrast, the logistics automation markets in the Asia-Pacific and Middle East and Africa regions are expected to witness higher growth rates due to increased investments and the presence of significant players.
Key Companies in the Market:
Leading companies operating in the logistics automation market include:
- ABB
- Toyota Industrial Equipment
- KION
- Jungheinrich
- KUKA
- Daifuku
- Murata Machinery
- Beumer Group
- KNAPP
- System Logistics
The comprehensive report encompasses market opportunities, CAGR growth rates, competitive landscapes, technological innovations, analyses of market players, government regulations, and export-import trends across various regions and countries, including:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Nordic countries, Ireland, Switzerland, Austria, Poland, Turkey, Russia, and the rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, and the rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC countries, North Africa, South Africa, and the rest of Middle East and Africa)
Reasons to Consider Purchasing the Logistics Automation Market Report:
Comprehensive Market Insights: Delve into the depths of the Logistics Automation Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Logistics Automation market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Logistics Automation market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Logistics Automation market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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