Press release
Daifuku, Murata, Honeywell, and Swisslog are some of the key players in Logistics Automation Market
Rising global transportation and freight costs are continuously putting pressure on mid-market shippers. This is significantly boosting the adoption of automation across the logistics sector so as to improve performance while reducing shipment and transportation costs. Rising investments by freight companies to streamline their logistics process in order to improve margins and increase their focus on research and development is spurring the demand for logistics automation solutions. Favorable government initiatives to develop logistics and transportation infrastructure will continue is supporting the adoption of these solutions, thus bolstering the growth of this market. Furthermore, high investments in autonomous trucks will also fuel the growth of logistics automation market in the coming years. However, lack of awareness among many end-users regarding changing trends in this sector is hindering the growth of the market.
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The rise of IT, Automation, and Robotics across warehouse management solutions
By application, warehouse and storage management segment holds significant market share and will witness a considerable growth between 2018 and 2024. This growth is attributed to the lack of space for warehouses and growing need to increase efficiency while reducing costs. A rapid expansion of distribution channels by firms across end-user industries is also escalating the adoption of automation in warehouses, thus positively impacting the overall growth of logistics automation market.
North America holds significant market share
North America accounted for a decent market share in 2018 owing to the early adoption of advanced technologies across various end-use industries and the presence of major market players in the region. European Logistics Automation market will also witness a considerable CAGR during the forecast period on account of rising labor costs and high adoption of robotic solutions by end-use industry players in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the solar panel recycling market. It consists of company profiles of the leading companies- Dematic, Daifuku, Swisslog, Honeywell Intelligrated, Murata Machinery, Knapp AG, SSI Schaefer, and Toshiba Logistics among others.
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