Logistics Automation Market: Introduction
Logistics automation is a technological application used across industries to enhance various logistics operations. Logistic automation consists of software, services and hardware equipments such as vertical lift modules, robots, automated guided vehicles, and others. Automation in logistics can add extreme value to the businesses by reducing the operation time, reducing the workforce and enhancing the quality of the operations.
Logistics Automation Market Share Analysis, By Region (2017-2025)
Logistics Automation Market: Dynamics
Logistics automation market is anticipated to witness steep rise during the forecast period, due to rise in adaptation of analytics and big data in technologies associated with logistics automation. The logistics automation market, in 2017 was valued at US$ 43.8 billion and is expected to continue growing swiftly during the coming years. Demand of efficient technologies to handle enormous company data with less human power and at a faster pace is escalating the growth of logistics automation market.
The expansion in retail industry and growth of e-commerce is leading to the demand of cloud based technology, which is further boosting the market growth of logistics automation. Furthermore, rising recognition and adoptation of Logistics 4.0 in warehousing and transportation is driving the growth of logistics automation market across the globe. However, costly set-up or higher capital investments can hinder the growth of logistic automation market during the forecast period.
Logistics Automation Market: Segment Analysis
Retail segment is expected to be dominating the global logistics operation market owing to the growth in retail industry. Increase in number of consumers due to rising population and their escalated interest in accessing e-commerce stores for small to large requirements is boosting the growth of the segment.
Shift in preference of consumers from traditional stores to online stores is making manufacturers and distributors realize the importance of logistic automation that can enhance the overall marketing efficiency, reduce labor cost, and can reduce the operation time significantly.
Among components, software segment is expected to grow at a faster pace during the forecast period, owing to advancement in software, coupled with increased focus on improving the overall Information technology sector due to its rising importance in various industries.
Regional Analysis of Logistics Automation Market
North America is expected to be leading the global logistics automation market over the forecast period, owing to higher adoptation of logistics automation technology by the region and presence of huge enterprises that are using this technology for the improvement of supply chain procedures. Rising economy of Canada, Mexico, U.S. and other states is leading to increase in investment in the field of logistics automation, which in turn is fueling the market growth.
Asia Pacific is projected to be growing swiftly due to rising IT sector in countries such as India and Japan, coupled with rising demand of automated systems to look after the operations of several manufacturing units and warehouses.
Key players operating in Logistics Automation Market
Major players operating in global logistics automation market include System Logistics Spa, TGW Logistics Group Gmbh, Honeywell Intelligrated Inc., WiseTech Global Limited, Dematic Corporation, Swisslog Holding AG, VITRONIC, Falcon Autotech, Inspirage, Toshiba Logistics Corporation, and SSI Schaefer AG.
Global Logistics Automation Market Report Offer You!
Global Logistics Automation Market Size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.
Global Logistics Automation Market Size report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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