Press release
Logistics Automation Market 2021 Disclosing Latest Trends and Advancement Outlook 2026
The Logistics Automation Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Logistics Automation market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Logistics Automation market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Logistics Automation market.The logistics automation market was valued at USD 52.19 billion in 2020 and is expected to be USD 104.23 billion in 2026, registering a CAGR of 12.42% during the forecast period (2021 - 2026).
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Top Leading Companies of Logistics Automation Market are - Dematic Group (Kion Group AG), Daifuku Co. Limited, Swisslog Holding AG (KUKA AG), Honeywell Intelligrated (Honeywell International Inc.), Jungheinrich AG, Murata Machinery Ltd, Knapp AG, TGW Logistics Group GmbH, Kardex Group, Mecalux SA, BEUMER Group GmbH & Co. KG, SSI Schaefer AG, Vanderlande Industries BV, WITRON Logistik + Informatik GmbH, Oracle Corporation, One Network Enterprises Inc., SAP SE, MercuryGate International Inc., Princeton TMX and others.
Industry News and Updates:
- September 2020 - Dematic announced plans to automate the central storage facility for RS Components GmbH in Bad Hersfeld, Germany. Dematic will install a 10-aisle Dematic Multishuttle system with 300,000 container storage positions for the electronics distributor. There will be 300 shuttles to automatically access the containers and transport them directly to the goods-to-person (GTP) commissioning station, to dispatch or to inventory storage, where they are repacked in order to prepare them for dispatch. The goal for RS Components is to increase its picking capacity to up to 38,000 order lines per day through automation. The plan is for the highly modern logistics center to become operational in the second quarter of 2021.
- September 2020 - KUKA AG launched the KR SCARA horizontal jointed-arm robots from KUKA are ultra-compact and, at the same time, deliver maximum cost-effectiveness. The robot has a reach of 500 or 700 millimeters, an extremely short cycle time of just 0.36 or 0.38 seconds, and the KR SCARA robots are ideal for pushing ahead with automation in cost-sensitive markets.
Key Market Trends:
Warehouse Management to Occupy Major Share
- Warehouse operations contribute to a majority of resource consumption. As various companies demand new solutions to improve warehouses' efficiency and reduce cost, the deployment of warehouse robots is set to increase. For instance, Alibaba, the world's largest retailer, has upgraded to robotic labor in one of its warehouses. This has resulted in drastically reducing the labor workforce by 70% by creating an opportunity for a highly-skilled workforce.
- Mobile robots are witnessing high growth in small and medium warehouses with smaller pallet sizes. In contrast, the industrial applications in large warehouses dedicated to food and beverage 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. Half of them reported the plan to increase their level of automation in the next three to five years.
Europe to Witness Significant Market Growth
- The industrial automation in Europe has been witnessing a growth in the rate of adoption since the last decade, with companies and industries spending heavily on new technologies. Europe is currently leading the Fourth Industrial Revolution (dubbed as 4IR), with various industry verticals investing in automation, IoT, and machine learning systems to optimize performance. The growth in the rate of adoption of warehouse automation in this region is mainly fueled by the rapid growth of e-commerce and retail investments.
- There has been an increasing trend in the number of warehouses across various regions. According to P3 Logistic Parks, a European manager, and developer of logistics properties, regions like Poland showed higher growth of warehousing stock. Poland added 17% of its capacity last year alone (2018). Companies like P3 and Logicor also pushed their expansions at an incredible rate.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Logistics Automation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Logistics Automation Market (%),2016 - 2026
- Logistics Automation Market Share, By Brand
- Logistics Automation Market Share, By Company
- Logistics Automation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Logistics Automation Market Value Analysis & Forecast
- Promising Logistics Automation Development by Major Companies
- Detailed Logistics Automation Portfolio of the Major Companies
- Major Deals in the Logistics Automation Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082592406/logistics-automation-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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