Logistics Automation Market (2020 – 2030) | Europe Is Expected To Witness Highest Growth In The Rate Of Adoption Of Automation Techniques
Work like material batching, warehouse security, packaging, ordering, inspection etc. can be automated improving operational efficiency thus, driving the market growth.
Increasing Technological Advancements in Robotics and AI
Automation depends on development of robotics and their efficiency to perform tedious tasks accurately. Therefore, adoption of robotics to automate logistic processes, thereby lowering the labour and operational cost may act as a driver for the growth. As researchers are also focusing on development of more user friendly robots and, the consumer base demanding AI based robots may grow.
Automation in Ecommerce sector may boost the adoption
E-commerce and online shopping has witnessed a boom in covid-9 era. To fulfil the rapid demand and expectation of consumers, new techniques for warehouse automation such as shuttle systems are in high demand. In 2020, most ecommerce companies witnessed increase in their online revenue and according to the survey in Europe, 50% of the companies saw their sales increased by 100%, but somehow 6% companies witnessed decrease in their ecommerce revenue.
As per UNCTAD, the online purchases have increased by 6 to 10% globally. Pharmaceuticals, electronics, furniture, cosmetics/personal care saw a boom as per the survey by UNCTAD. According to the report from Retail Economics and Natwest, nearly half of the UK population are purchasing never purchased things online and want to continue this habit in future too.
As per US Census Bureau, Americans spent 791.7$ billion on e-commerce which is 32.4% more than in 2019, which shows much frequent orders have been placed and how much the dependence of automation is there by the ecommerce companies.
Asia Pacific also saw escalation in online shopping as China’s online sales increased by 9% during the peak covid-19 according to govt.nz. The consumers in Japan spent average 305$ on online shopping in 2020 showing increase of 13.7% in 2018 as per trade.gov in Japan.
Thus, the ecommerce companies need to actively adopt logistics automation for accurate moving and storing across the supply chain.
Click Here To Get Complete Details On Market Overview :
Effect on Employment due to automation may inhibit the growth
As per US Bureau of Labour Statistics, in 2017, there were about 3million people working in warehouses, as handlers or packers, with the automation there is a risk of these jobs getting lost due to automation. Research says, by 2025, automation may lead to disrupt in 85 million jobs globally across 26 countries. However, World Economic Forum anticipates that future tech driven developments will create 97 million jobs, but the concern of balancing the human work and automation remains there. Therefore, employment concern may lead to hamper the automation growth.
The key players in the logistics automation market include Honeywell Intelligrated (US), Knapp (Austria), Manhattan Associates (US), Oracle (US), Swisslog (Switzerland), TGW Logistics Group (Austria), Locus Robotics (US), HighJump (Korber), Daifuku (Japan), Eyesee Hardis Group (France), 6 River Systems (US), ABB (Switzerland),BEUMER Group (Germany), Blue Yonder (US), E&K Automation (Germany), Falcon Autotech (India), GreyOrange (US), Murata Machinery (Japan), Toshiba Logistics (Japan), SSI Schaefer (Germany), etc.
Fetch Robotics in January 2021 announced their partnership with Honeywell Intelligrated for a new Pallet Transport 1500, an autonomous mobile robot supporting cross-docking, returns and case picking workflows of contactless pallet transport in distribution centres. The Pallet Transport 1500 will utilize Momentum WES, a Honeywell’s Momentum warehouse execution system software which safely move pallets and other large payloads up to 1136kg.
In May 2020, Manhattan announced the world’s first cloud native enterprise class warehouse management system. The development is entirely based on micro-services and extraordinarily elastic. Its new level of speed, adaptability, and ease of use within distribution management are the factors making it the first ever.
Dematic announced plans to automate the central storage facility for RS components GmbH in Bad Hersfeld, Germany in September 2020. The automation is designed as there will be 300 shuttles to automatically access the containers and transport them directly to the goods to person commissioning station for dispatching.
Europe is expected to witness highest growth in the rate of adoption of automation techniques. Investments in automation, IOT, machine learning is the key aspect for the growth of automation in the region. According to Europa.eu, from 2020 to 2022, 2 million new robots are expected to be installed in factories. Increasing number of warehouses and as per P3 logistics park, Poland witnessed higher growth of warehousing stock of about 17% in 2020.
Demand in US for automation is basically contributed through presence of large number of manufacturing companies utilizing logistics automation accounting for the country’s GDP. Growth in e-commerce as mentioned above in due to covid-19 witnessed approximately 30% increase.
In Asia, China is the world’s largest industrial robots market and the Robot density in China is surpassing global average. In other countries too, investment by manufacturing companies in automation solutions, health care industries, and for improving their supply chain network and logistic process through the adoption of logistics automation is expected to lead the market growth.
Get an idea about the offerings of our report from Report Brochure @
Hardware integrated Systems
Support and Maintenance
Warehouse Management System
By End-user Industry
Retail and E-commerce
Oil and Gas
Food and Beverages
Healthcare and Pharmaceuticals
Based on Region
Middle East and Africa
Get TOC for Detailed Facts and Numbers @
Key Questions Answered
What are the leading companies in the logistics automation market?
Eyesee Hardis Group (France), 6 River Systems (US), ABB (Switzerland), BEUMER Group (Germany), Blue Yonder (US), E&K Automation (Germany), Falcon Autotech (India), GreyOrange, etc.
Which countries are expected to scale the logistics automation growth?
US, UK, France, Germany, China, and India are among the leading logistics automation markets.
What are the types of end user industries impacting the growth of logistics automation?
Automotive, pharmaceuticals, oil and gas are among the leading end-users
What are the types of components in the logistics automation?
Hardware integrated Systems, Software and Services.
What are the services for logistics automation?
Consulting Services, Implementation Services, Support and Maintenance.
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Logistics Automation Market (2020 – 2030) | Europe Is Expected To Witness Highest Growth In The Rate Of Adoption Of Automation Techniques here
News-ID: 2334426 • Views: 87
More Releases from TMR Research
Portable Power Station Market Assessment On Competition 2030 | Scott Electric, M …
The portable power station market is estimated to observe promising growth across the assessment period of 2020-2030. An increase in the utilization of smart devices and the overwhelming need for uninterrupted electricity across the residential and commercial segments are some vital reasons that will have a major impact on the growth of the portable power station market. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=7514 Portable power stations, also known as gasless
Environmental Technology Market Future Adoption Overview 2030 | Waste Connection …
Environmental Technology Market: Overview The environmental technology market is expected to gain a positive growth trajectory across the assessment period of 2020-2030. The rising use of environmental technologies to monitor different types of pollution will bring immense growth opportunities for the environmental technology market. Furthermore, the large-scale investments of the government bodies of numerous countries will also bring expansive growth prospects for the environmental technology market. Get Sample Copy of the Report
Power Quality Equipment Market Revolutionary Opportunities 2030 | Infinite Elect …
Power Quality Equipment Market The increasing demand for various equipment all across various commercial and industrial sector is a prime factor augmenting the growth of the global power quality equipment market. Power Quality alludes to the attributes of the power, or explicitly the current and voltage, given to the client. Power quality equipment are utilized in power matrices for guaranteeing constant progression of stable power. The power stream in lattices ought
Energy as a Service (EaaS) Market Scope Assessment 2030 | Telefonaktiebolaget LM …
Global Energy as a Service (EaaS) Market: Overview Energy as a service (EaaS) refers to a business concept that enables consumers in the higher education, hospital, and industrial, hospital sectors to conduct energy projects without any upfront costs. The service provider creates the scope of the project, funds the construction and inventory expenses, manages the infrastructure of the project, and tracks the results to validate energy savings. The project expenses are
More Releases for Automation
Global Substation Automation Market
This report studies the Substation Automation market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The demand of Substation Automation is increasing now. The global Substation Automation market was xx million US$ in
Global Lab Automation Industry
Global Lab Automation Industry Latest Report on Lab Automation Market Global Analysis & 2021 Forecast Research Study Lab Automation Market Analysis Automation is one of the best weapon in the life science laboratory due to the growing demands for productivity in speed, accuracy, throughput and efficiency. Helped by advance technology, contemporary automated systems are already adept of a wide range of functions that were previously performed by slow, tedious and manual labor. Instrumentation
Test Automation Market
Test automation is being utilized in software for comparing the tangible outcomes with expected software outcomes. Automatically, there are various tools that help in operation of controlling the test execution. Software testing which is done manually through which person operates on the computer and go through several stages needed for testing purpose such as trying various usage, application screens, and input combinations that compares the results to be projected behavior
Pharmacy Automation Market
Pharmacy automation is a mechanical process where handling and distribution of medications takes place in hospital pharmacy or at retail pharmacy. It includes any pharmacy task that involves counting of small objects such as tablets or capsules, measuring and mixing of powders and liquids for compounding, tracking and updating customer information in databases such as personally identifiable information (PPI), drug interaction risk detection, medical history and inventory management. The pharmacy
Global Automation Instrumentation Market
Automation is the use of several control systems for operating equipment such as boilers and heat treating ovens, machinery, switching in telephone networks, stabilization and steering of aircraft, ships and other applications with reduced or minimal human intervention. Automation saves labor and energy and improves quality and precision. Automation can be broadly divided into process and discrete automation. Instrumentation is the science and art of control and measurement of
India Home Automation Market,
Renub Research report about India Home Automation Market by Types (Lighting, Security, Heating, Ventilating and Air Conditioning, HVAC, Entertainment) By User (Residential, Commercial & Hospitality) Company Profiles & Forecast. According to this research India Home Automation Market is expected to cross the figure of INR 30,000 Crore by 2022. Home Automation in India is creating big opportunity not only for Indian automation companies, but also for foreign companies. At present