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Logistics Automation Market Trend Shows a Rapid Growth, Competitive Analysis, Future Prospects And Forecast 2027 | Beumer Group,Daifuku Co., Ltd.,Dematic ,Honeywell

08-04-2020 10:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Logistics Automation Market

Logistics Automation Market

The Logistics automation market accounted to US$ 39,286.3 Mn in 2018 and is expected to grow at a CAGR of 23.7% during the forecast period 2019 – 2027, to account to US$ 121,343.3 Mn by 2027.

Continuous Growth in Retail & E-commerce Sector provide growth opportunities for electronic signature software market.

Growing advancement in technology has encouraged increasing adoption of robots for various industries. Logistics automation is becoming essential for retailers owing to growing retail & e-commerce sectors worldwide. Market players are trying to achieve omnichannel and online strategies. Thus, logistics automation is necessary for retailers. The logistics automation ensures the management of the inventory, tracking, reporting and forecasting, packaging, transportation of goods, and warehouse management.

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In Asia-Pacific, Rapid digitalization and developments in the economy, increasing education awareness, adequate government support, and rising incomes of the middle class are among the attributable factors that have ensured a smooth transition of these economies from the developing stage toward a developed stage. The e-commerce industry already represents 15% of total retail sales across the region. The region continues to be the fastest-growing region. Such above mentioned factors is expected to fuel the growth of logistics automation market in Asia-Pacific. APAC is also expected to be the fastest-growing region in the global logistics automation market during the forecast period.

Top Key Players:

1. Beumer Group
2. Daifuku Co., Ltd.
3. Dematic (KION Group)
4. Honeywell Intelligrated
5. KNAPP AG
6. Mecalux, S.A.
7. Murata Machinery, Ltd.
8. Swisslog Holding AG
9. TGW Logistics Group
10. VITRONIC

Europe is a technologically advanced region. The e-commerce and online retail are key drivers for the upsurge in the demand for diverse types of warehouses such as parcel sorting centers, mega fulfillment centers (merchandise storage and pick-up), local parcel delivery centers, return processing centers, dot.com warehouses (fulfillment of online orders), and local delivery centers (for same-day deliveries). The global warehouse and storage market in Europe has grown annually by ~2-3% due to growth in the online retail and e-commerce sector. These factors are contributing to the high growth of the logistics automation market in this region.

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The report segments the global logistics automation market as follows:

Global Logistics Automation Market - By Component

• Hardware
• Software
• Services

Global Logistics Automation Market - By Mode of Freight Transport

• Air
• Road
• Sea

Global Logistics Automation Market - By Application

• Warehouse Management
• Transportation Management

Global Logistics Automation Market - By End-user Industry

• Retail and E-Commerce
• Manufacturing
• Oil and Gas
• Food and Beverage
• Automotive
• Healthcare and Pharmaceutical

Contact Us:

The Insight Partners,
Phone: +1-646-491-986
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.

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