Logistics Automation Market Expected to grow at a CAGR of 12.1% by 2026

Global Logistics Automation Market trends analysis report 2020 provides an in-depth analysis of the COVID-19 impact, key players strategies, market growth, product demand, growth factors, regional outlook, global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Logistics Automation market.

"Benchmarking the quick methodology movements of the Top 100 organizations in the Logistics Automation Market"

Key Market Players: Honeywell Intelligrated, Toshiba Infrastructure System and Solutions Corporation, Knapp AG among others.

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The logistics automation market was USD 49.2 billion in 2018 and is expected to be USD 96.2 billion in 2024, to register a CAGR of 12.1% during the forecast period (2019-2024).

Key Market Trends

Warehouse Management to Occupy Major Share

- Warehouse operations contribute to a majority of resource consumption. As companies are demanding new solutions to improve the efficiency of warehouses, to reduce cost and increasing awareness among the businesses around the world, the deployment of warehouse robots is set to increase.
- For instance, Alibaba, world's largest retailer, has upgraded to robotic labor in one of its warehouse which has resulted in drastically reducing the labor workforce by 70% creating an opportunity for a highly skilled workforce.
- Mobile robots are witnessing high growth in small and medium warehouses with smaller pallet sizes, while industrial applications in large warehouses dedicated to foods and beverages demand articulated and palletizing robots.
- According to a survey from the Association for Packaging and Processing Technologies, 94% of food packaging operations are using robotics already, and half of them reported the plan to increase their level of automation over the next three to five years.
- For instance, in August 2018, Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have signed a partnership agreement to develop a robot-based technology for in-service inspection of cargo oil tanks of FPSOs.

Scope of the Report

Logistics automation is the application of computer software and/or automated machinery to improve the efficiency of logistics operations. Typically this refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain management systems and enterprise resource planning systems.

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Influence of the Logistics Automation market report:

-Comprehensive assessment of all opportunities and risk in the Logistics Automation market.

-Logistics Automation market recent innovations and major events.

-Detailed study of business strategies for growth of the Logistics Automation market-leading players.

-Conclusive study about the growth plot of Logistics Automation market for forthcoming years.

-In-depth understanding of Logistics Automation market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Logistics Automation market.

The report has 150 tables and figures browse the report description and TOC:

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What are the market factors that are explained in the report?

-Key Strategic Developments:?The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features:?The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:?The Global Logistics Automation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2019 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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