Global Logistics Automation Market Research Report: by Component (Hardware, Software and Services ), by Application (Warehouse Management, Transportation Management), by Organization Size (SMEs and Large Enterprises), By End-User (Retail and E-Commerce, Manufacturing, Oil, Gas, & Energy, Healthcare and Pharmaceuticals, Logistics & Transportation, Automation, Aerospace & Defense and others ), by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
Market Highlights
The global logistics automation market is expected to register a CAGR of 11.7% during the forecast period of 2020–2027. There are various factors which are contributing to the growth of the logistics automation market, such as exponential growth in the e-commerce industry, advancements in robotics, and smart devices to control various processes.
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Key Segments
By component, the market has been segmented into hardware, software, and services
By organization size, the market has been segmented into large enterprises and SMEs.
By application, the market has been segmented into warehouse management and transportation management.
By end user, the market has been segmented into retail and e-commerce, manufacturing, oil & gas, healthcare and pharmaceuticals, automation, aerospace & defense, and others
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Key Players
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.
Regional Analysis
The global logistics automation market is projected to grow at a significant rate during the forecast period from 2020 to 2027. The geographical analysis of logistics automation market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world
Among these, North America dominates the market due to the presence of key market players such as XPO Logistics, Americold Logistics, and Honeywell Intelligrated.Moreover, the increasing retail and e-commerce market in the region is contributing significantly to the growth of the logistics automation market. Additionally, the advancements in the robotics and IoT devices in the region drive the market in the region. The market in the US dominates the market in North American logistics automation market due to the increasing demand for these solutions in retail and e-commerce, manufacturing, automotive, and other industries to enhance the operation and workflow. These systems are used as the decrease the cost caused by error through mechanical work making it through automation.
Europe accounts for the second largest market in global logistics automation due to the presence of various key players such as Jungheinrich AG, Knapp AG, and Swisslog. Moreover, there various industries present in the region, including automation, transportation, healthcare and pharmaceuticals, and aerospace and defense that are adopting the systems on a rapid pace including medium enterprises. However, the high cost of the technology is expected to hamper market growth.
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Market OverviewThe mushrooming of e-commerce companies in several regions is estimated to change the logistic automation market in 2020.
The software reports are formed by Market Research Future, which comprises of market alternatives for advancement.
The upgradation in the supply chain is being undertaken to reduce shipping cost, which will further propel the logistic automation market.Segmental Analysis The segmental assessment of the logistic automation market is segmented on the basis of component, organization size, application, end-user and region.
The hardware segment is further segmented into sorting and picking systems, automated guided vehicles, mobile devices, and others.
On the basis of regions, the logistic automation market has been segmented into Europe, North America, Asia-Pacific, and the rest of the regions.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8019Detailed 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.
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