Global Logistics Automation Market May See New Emerging Trends, Top Key Players are Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, etc.

The global logistics automation market is expected to witness a CAGR of10.8% during the forecast period. The logistics automation market is gaining traction owing to the digital transformation in logistics, the emergence of IoT, the exponential growth rate of the e-commerce industry, the advancements of robotics, the growing need for efficient warehousing and inventory management, and the increasing demand for ensuring the safety of labor. There are many advantages of logistics automation such as improved customer experience, scalability and speed, organizational control, and minimize mistakes.

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Amidst the COVID-19 pandemic, the warehouse and e-commerce markets have had a crippling impact on business operations due to major challenges caused by disruptions in supply chain management and lack of labor force. However, taking advantage of automated systems, companies expect to improve their operations, thus driving the growth of the logistics automation market globally.

Honeywell collaborated with Fetch Robotics, a firm that delivers cloud-based robotic solutions. Fetch Robotics will introduce the PalletTransport1500, an autonomous mobile robot designed for contactless pallet movement between distribution centers.

Retail and e-commerce are expected to have a higher CAGR during the forecast period. The adoption of logistics automation solutions has enabled online and multichannel retailers to track and monitor the movement of light freight vehicles, thus, ensuring rapid product delivery. The growth of the e-commerce industry can be attributed to the growing trend of electronic money transfers, internet marketing, online transaction processing, and electronic data exchange. Rapidly changing customer needs, increasing online shopping, the need for shorter delivery times, and stiff competition among online retailers have fueled the need for automated fulfillment centers, resulting in increasing the need for dedicated and adaptive logistics automation solutions in the e-commerce industry.

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North America dominates the logistics automation market and will have a prominent share in the forecast period due to the early adoption of advanced technology and high spending power. Equipment, vehicles, and infrastructure facilities are synchronized with the help of network connectivity to improve performance using IoT solutions. It is a global hub of innovation and companies are focused on reducing operational costs and modernizing factories, warehouses, distribution centers in the region.

Key players operating in this market include Dematic Corporation, Murata Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Honeywell Intelligrated, Inc., Swisslog Holding AG, KNAPP AG, TGW Logistics Group GmbH, Jungheinrich AG, WiseTech Global Limited, Falcon Autotech, System Logistics Spa, Matternet Inc., Pcdata BV, and JBT Corporation.

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