Press release
Logistics Automation Market Will Grow at CAGR During 2020-2027 Global Evaluation by Trends, Proportions, Share, Swot, and Key Developments
Logistics Automation Market
The logistics automation ensures the management of the inventory, tracking, reporting and forecasting, packaging, transportation of goods, and warehouse management. The constant growth in the retail & e-commerce sector is expected to create new opportunities for the global logistics automation market during the forecasted period.
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.
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The market research study covers historical data of previous years along with a forecast of upcoming years based on revenue (USD million). The Logistics Automation Market reports also cover market dynamics, market overview, segmentation, market drivers, and restraints together with the impact they have on the Logistics Automation demand over the forecast period. Moreover, the report also delivers the study of opportunities available in the Logistics Automation market globally. The Logistics Automation market report study and forecasts is based on a worldwide and regional level.
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.
The global market for logistics automation market is segmented based on the parameters such as component, mode of freight transport, application, end-user industry, and geography. Based on component, the hardware segment dominates the logistics automation market heavily and is expected to dominate the market in the forecast period from 2019 - 2027.
Competitive Landscape: Logistics Automation Market: Beumer Group, Daifuku Co., Ltd., Dematic (KION Group), Honeywell Intelligrated, KNAPP AG, Mecalux, S.A., Murata Machinery, Ltd., Swisslog Holding AG, TGW Logistics Group, and VITRONIC among others.
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.
Answers That the Report Acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Logistics Automation Market.
• Key market trends cracking up the growth of the Logistics Automation Market.
• Challenges to market growth.
• Key vendors of Logistics Automation Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Logistics Automation Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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