Report Ocean recently released a research report on the Logistics Automation Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global logistics automation market size was US$ 49.8 billion in 2020. The global logistics automation market is forecast to reach the value of US$ 138.2 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.8% during the forecast period from 2021-2030.
The application of automation software and machinery that help companies enhance the logistics procedures is regarded as logistics automation. The systems are used in driverless vehicles and drones.
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COVID-19 Impact Analysis
The COVID-19 pandemic had a severe negative impact on the global logistics automation market globally. The supply chain in North America, Asia Pacific, and other prominent regions was severely disrupted during the pandemic period.
Due to the onset of the COVID-19 epidemic, retail, industrial goods, and consumer goods are the few segments that registered a major loss. Apart from that, the stoppage in the production of the electronic device hampered the market growth.
Factors Influencing
- The growing era of the Internet of Things (IoT) has changed the outlook of the entire business sector. The logistics automation applications are used to create, process, share and store massive data with ease. Moreover, it helps share data with other associated devices, including sensors, radio frequency identification (RFID), and gateways. Thus, the beneficial aspect of logistics automation may propel market growth.
- The growing demand for connectivity, technology, smart devices, and applications may play a prominent role in the growth of the global logistics automation market.
- The expansion of the e-commerce industry, together with the growing necessity for warehouse efficiency, may present promising opportunities for the market players in the global logistics automation market.
- Low operational costs and rapidly growing robotics advancements would fuel the growth of the global logistics automation market.
- The fact that businesses are opting for digital methods instead of physical methods may amplify market growth.
- Economic development, mainly in emerging countries, along with the rise in disposable income, is forecast to take the global logistics automation market forward.
- High capital investment may hamper the market growth in the coming years.
Geographic Analysis
Regionally, the logistics automation market would witness accelerating growth in North America. The region is forecast to contribute with the leading share, mainly because of the presence of prominent enterprises. Moreover, the US, Canada, and Mexico are witnessing rapid economic growth. As a result, it would present significant opportunities for market growth.
The Asia Pacific market is forecast to register a notable growth rate because of the growing demand for automated materials. Moreover, the region is witnessing the expansion of the logistics and transportation segment. As a result, it would fuel the growth of the logistic automation markets in this region.
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Competitors in the Market
- Dematic Corporation
- Murata Machinery Ltd.
- Daifuku Co. Ltd.
- SSI Schaefer AG
- Mecalux S.A.
- VITRONIC
- BEUMER Group
- Toshiba Logistics Corporation
- Honeywell Intelligrated Inc.
- Swisslog Holding AG
- KNAPP AG
- TGW Logistics Group GmbH
- Jungheinrich AG
- WiseTech Global Limited
- Falcon Autotech
- System Logistics Spa
- Matternet Inc.
- Pcdata BV
- JBT Corporation.
- Other prominent players
Market Segmentation
Insight by Component
- transportation management
- warehouse & storage management
Insight by Organization Size
- large enterprises
- small enterprises
- medium enterprises
Insight by Vertical
- manufacturing
- pharmaceuticals & healthcare
- retail & e-commerce
- aerospace & defense
- logistics & transportation
- chemicals
- food & beverage
- oil
- gas & energy
- automotive
- others
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Insight by Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Logistics Automation Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Logistics Automation market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Logistics Automation Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Logistics Automation market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Logistics Automation market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Logistics Automation market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Logistics Automation market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Logistics Automation business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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