Logistics Automation Market Growth & Trends
The global logistics automation market size is expected to reach USD 90.00 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 14.7% over the forecast period. Logistics operations are critical factors in the smooth functioning of the supply chain of any business, especially low-margin, high-volume businesses. The logistics sector is witnessing a continuous increase in investments with a significant emphasis on the automation of several logistics functions. Automation enhances efficiency and aids in integrating supply chains; thus, automation is increasingly getting adopted across sectors. The growing tendency of the logistics industry towards adopting automation solutions is one of the significant factors driving the growth of the logistics automation industry.
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According to a DHL report published in 2018, 80% of warehouses do not have any automation support and are still operated manually, while 15% of the total warehouses are just mechanized, which means the warehouses use sorters, conveyors, picker solutions, and other machined equipment which are not necessarily automated. The report states that only 5% of total warehouses are automated. The trend displays a remarkable opportunity for the growth of the market in the coming years as companies are increasingly adopting automation in their warehouses, including autonomous robots, automated sorting systems, conveyor systems, etc. Technological development such as communication technologies, sensors, tracking devices, computer vision, artificial intelligence, and machine learning are aiding the growth of the target market.
The e-commerce boom is resulting in increasing adoption of automation solutions owing to the enormous volumes of shipments. The e-commerce shipment volume is growing exponentially by the year, and hence the warehouses require automation solutions to meet the short delivery timelines. The e-commerce fulfillment centers are implementing automated sorting and conveyor systems and highly benefit from inventory management and order management software. Moreover, the major labor challenges faced by the logistics industry across the globe are driving the demand for logistics automation solutions.
The COVID-19 pandemic accelerated the adoption of automation technologies such as robots, conveyors, and automation software, among others, in the logistics sector. The imposed lockdowns and social distancing norms necessitated the deployment of automation tools in warehouses and logistics functions. Although there were shortages and delays in receiving the hardware equipment during the lockdown, the market displayed a positive growth trend from 2020 to 2022.
Logistics Automation Market Report Highlights
· The hardware segment dominated the market in 2022 with a market share of about 67%. Autonomous robots are the largest sub-segment of hardware components in terms of revenue owing to the increasing demand for automated warehouse logistics
· The inventory & storage management function segment is anticipated to grow at a CAGR of 15.8% during the forecast period. The inventory & storage management ensures the stocks are maintained at optimum levels, and the demand for each product determines the stock levels
· The sales logistics segment dominated the market in 2022, accounting for a market share of about 36%. Sales logistics is a critical aspect of the supply chain as it involves moving or delivering goods to the end consumer
· The small and medium enterprises segment is anticipated to grow at the fastest CAGR of 15.6% during the forecast period. The growth can be attributed to the automation that helps SMEs to optimize their labor costs
· The order management software segment held the largest market share in 2022. The dominance of the segment is owing to the need to fulfill the orders correctly and without any delivery delays. The order management process starts when an order is placed and ends when the customer receives the order
· The retail and e-commerce segment is anticipated to grow at a CAGR of 15.2%. The growth can be attributed to the increasing preference for online shopping among consumers across the globe
· The Asia Pacific segment is anticipated to register significant growth with a CAGR of 17.2%. The growth can be attributed to the increasing investments in logistics infrastructure projects in countries such as India and China
Logistics Automation Market Segmentation
Grand View Research has segmented the global logistics automation market based on component, function, logistics type, organization size, software application, vertical, and region.
Logistics Automation Component Outlook (Revenue, USD Billion, 2017 - 2030)
· Hardware
o Autonomous Robots (AGV, AMR)
o Automated Storage and Retrieval Systems (AS/RS)
o Automated Sorting Systems
o De-palletizing/Palletizing Systems
o Conveyor Systems
o Automatic Identification and Data Collection (AIDC)
· Software
o Warehouse Management System
o Transportation Management System
· Services
o Consulting
o Deployment & Integration
o Support & Maintenance
Logistics Automation Function Outlook (Revenue, USD Billion, 2017 - 2030)
· Inventory & Storage Management
· Transportation Management
Logistics Automation Logistics Type Outlook (Revenue, USD Billion, 2017 - 2030)
· Sales Logistics
· Production Logistics
· Recovery Logistics
· Procurement Logistics
Logistics Automation Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)
· Large Enterprises
· Small & Medium Enterprises
Logistics Automation Software Application Outlook (Revenue, USD Billion, 2017 - 2030)
· Inventory Management
· Order Management
· Yard Management
· Shipping Management
· Labor Management
· Vendor Management
· Customer Support
· Others
Logistics Automation Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
· Retail & E-commerce
· Healthcare
· Automotive
· Aerospace & Defense
· Electronics & Semiconductors
· Others
Regional Insights
North America led the overall market in 2022, with a market share of 33.74%. The region's growth can be attributed to the presence of several logistics automation solution providers and several logistics giants such as UPS, DHL, and FedEx Corporation, among others, in North America. In addition, the speedy implementation of modern technologies and the existence of modern infrastructure in the region is a supportive factor in the growth of the target market. The U.S. is expected to retain its dominance over the forecast period owing to the rapid boom of the e-commerce sector in the country.
The Asia-Pacific is expected to grow at the fastest CAGR of 17.2% over the forecast period. Asia Pacific is expected to experience rapid economic growth, especially in e-commerce. Moreover, Asia Pacific includes several countries which are hubs of logistical activity, such as Singapore, Indonesia, China, India, etc. Furthermore, the rising technological advancements and rising adoption of Industry 4.0 in countries such as China, India, Japan, and Southeast Asia countries are expected to boost the demand for logistics automation significantly over the forecast period.
List of Key Players in the Logistics Automation Market
· Dematic Corp. (Kion Group AG)
· Daifuku Co. Limited
· Swisslog Holding AG (KUKA AG)
· Honeywell International Inc.
· Jungheinrich AG
· Murata Machinery Ltd
· Knapp AG
· TGW Logistics Group GmbH
· Kardex Group
· Mecalux SA
· Beumer Group GmbH & Co. KG
· SSI Schaefer AG
· Vanderlande Industries BV
· WITRON Logistik
· Oracle Corporation
· One Network Enterprises Inc.
· SAP SE
Authoritative Research: https://www.grandviewresearch.com/industry-analysis/logistics-automation-market-report
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Logistics Automation Market -OverviewThe mushrooming of e-commerce companies in several regions is estimated to change the logistic automation market size 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 AnalysisThe 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.Detailed Regional AnalysisThe 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.
Logistics Automation Market Logistics automation is the utilization of PC programming and additionally mechanized hardware to enhance the proficiency of coordination’s activities.
Ordinarily this alludes to activities inside a stockroom or circulation focus, with more extensive errands embraced by production network administration frameworks and endeavor asset arranging frameworks.
Logistics automation frameworks can intensely supplement the offices gave by these more elevated amount PC frameworks.
The emphases on an individual hub inside more extensive coordination’s arrange enables frameworks to be exceedingly customized to the prerequisites of that hub.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-logistics-automation-market Scope of the Logistics Automation MarketCurrent and future of Logistics Automation Market outlook in the developed and emerging marketsThe segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast periodRegions/Countries that are expected to witness the fastest growth rates during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market playersGlobal Logistics Automation Market By Component (Warehouse & Storage Management and Transportation Management), By organization size (Small & medium-sized enterprises (SMEs) and large enterprises), By Vertical (Retail & E-commerce, Manufacturing, Oil, Gas & Energy and others) and By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025 Browse Related Report Here:Network Copyright MarketBare Metal Cloud MarketSome of the leading key players profiled in this study:The renowned players in the market are Dematic Corporation, Daifuku Co., Ltd., Murata Machinery, Ltd., Honeywell Intelligrated, Inc., KNAPP AG, Swisslog Holding AG, TGW Logistics Group GmbH, SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Jungheinrich AG, WiseTech Global Limited, System Logistics Spa, Falcon Autotech, SI Systems, LLC, ULMA Handling Systems , Inspirage , FRAMOS, Matternet Inc., Pcdata BV ), Hinditron, and JBT Corporation among others.
Get Detailed Toc and Charts & Tables @ https://www.databridgemarketresearch.com/toc/?dbmr=global-logistics-automation-marketKey Pointers Covered in the Logistics Automation Market Trends and Forecast to 2027Logistics Automation Market New Sales VolumesLogistics Automation Market Replacement Sales VolumesLogistics Automation Market Installed BaseLogistics Automation Market By BrandsLogistics Automation Market SizeLogistics Automation Market Procedure VolumesLogistics Automation Market Product Price AnalysisLogistics Automation Market Healthcare OutcomesLogistics Automation Market Cost of Care AnalysisLogistics Automation Market Regulatory Framework and ChangesLogistics Automation Market Prices and Reimbursement AnalysisLogistics Automation Market Shares in Different RegionsRecent Developments for Logistics Automation Market CompetitorsLogistics Automation Market Upcoming ApplicationsLogistics Automation Market Innovators StudyInquiry before Buying @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-logistics-automation-marketAbout Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
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