Logistics Automation Market to Garner US$ 39,286.3 Million, Globally, By 2027 at 14.3%CAGR: The Insight Partners | Top Key players Honeywell Intelligrated, KNAPP AG, Mecalux, S.A.

Logistics Automation Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The logistics automation market was valued US$ 41,513.9 Million in 2019 and is expected to reach US$ 91,701.5 Million by 2027; it is estimated to grow at a CAGR of 11.5% during 2020 - 2027.

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 retailers attract customers by providing free and fast delivery options. Thus, various industries are shifting toward the adoption of logistics automation to achieve effective supply chain processes as well as gain a competitive advantage to maintain their strong presence in the market. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Logistics Automation Market during the forecast period, i.e., 2022-2028.

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.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts a SWOT analysis to evaluate strengths and weaknesses of the key players in the Logistics Automation Market. The researcher provides an extensive analysis of the Logistics Automation Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Major Key companies competing in the Logistics Automation Market 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

Competitive scenario:
The study assesses factors such as segmentation, description, and applications of Logistics Automation Market industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business. The final report will add the analysis of the Impact of Covid-19 in this report Logistics Automation Market.

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Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Logistics Automation Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Logistics Automation Market is analysed and depicted in the report.

Logistics Automation Market Segmentation:
By Mode of Freight Transport-
Air
Road
Sea

By End-User Industry-
Retail and E-Commerce
Manufacturing
Oil and Gas
Food and Beverage
Automotive
Healthcare and Pharmaceutical
Others

By Application-
Warehouse Management
Transportation Management

The Logistics Automation Market has been segmented on the basis of different aspects. The market is also segmented according to region. The Logistics Automation Market has been segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa on the basis of region

Research Methodology:
The report has its roots definitely set in thorough strategies provided by the proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provides a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an insightful understanding of the market. The research methodology clearly reflects an intent to extract a comprehensive view of the market by having it analyzed against many parameters. The valued inputs enhance the report and offer an edge over the peers.

Drivers & Constraints:
The Logistics Automation Market rests united with the incidence of leading players who keep funding to the market's growth significantly every year. The report studies the value, volume trends, and the pricing structure of the market so that it could predict maximum growth in the future. Besides, various suppressed growth factors, restraints, and opportunities are also estimated for the advanced study and suggestions of the market over the assessment period.

Some of the companies competing in the Logistics Automation Market are Logistics Automation Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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