Press release
Logistics Automation Market to grow at a CAGR of 14.3% by 2027
The Insight Partners
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Companies Mentioned are: Beumer Group, Daifuku Co., Ltd., Dematic (KION Group), Honeywell Intelligrated, KNAPP AG, Mecalux, S.A., Murata Machinery, Ltd., Swisslog Holding AG, TGW Logistics Group, VITRONIC
Logistics automation is replacing traditional logistics processes as it helps in enhancing the overall efficiency of the industry by streamlining and automating the whole process, involving various tasks such as processing freight operations, tracking, and documentation. Most common advantages of implementing logistic automation are reduced human errors as it shows clear visibility of freight rates, enhanced customer services, and improved scalability. Logistic automation became a significant part of the supply chain process for small and large businesses. These businesses provide services such as warehousing, transportation, inventory management, order fulfillment, distribution, and freight consolidation. With the help of logistic software and services, manufacturing companies are able to focus on product development, sales, and other core operations. The escalating demand for shipping cost reduction and timely delivery management, focus on core business, recordkeeping of stock is among the factors projected to drive the market for logistics automation during the forecast period. Moreover, the factors such as growth in the adoption and development of e-commerce in the retail sector are expected to generate remarkable growth opportunities for the industry players.
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. 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.
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Logistics Automation Market Segmentation:
By Component
Hardware
Software
Services
By Mode of Freight Transport
Air
Road
Sea
By Application
Warehouse Management
Transportation Management
By End-User Industry
Retail and E-Commerce
Manufacturing
Oil and Gas
Food and Beverage
Automotive
Healthcare and Pharmaceutical
Others
Global Logistics Automation Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America
Moreover, key companies contributing to Fiber Laser market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.
Table of Content
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Logistics Automation Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Logistics Automation Market - Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trend
5.5 Impact Analysis of Drivers and Restraints
6. Logistics Automation - Global Market Analysis
6.1 Logistics Automation Market Overview
6.2 Logistics Automation Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning
………Continued
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Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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