openPR Logo
Press release

Logistics Automation Market Trends, Industry Growth Analysis and Forecast to 2030

01-25-2023 01:05 PM CET | Logistics & Transport

Press release from: Acumen Research and Consulting

Logistics Automation Market Trends, Industry Growth Analysis

The Global Logistics Automation Market size was valued at USD 55 Billion in 2021 and is estimated to reach USD 133 Billion by 2030, with a significant CAGR of 10.7% from 2022 to 2030.

Global Logistics Automation Market Growth Factors

The rising adoption of industry 4.0 is one of the key factors driving the growth of the global logistics automation market. The digitalization of several processes, as well as the widespread adoption of technologies such as block chain, the Internet of Things (IoT), augmented reality, and artificial intelligence (AI), is expected to bring about paradigmatic changes in the logistics and international transportation sectors in the coming years, creating new opportunities for those who can influence these technologies and widening gaps with sectors that fail to adapt to the new coexistence.

In addition, advancements in robotics technologies are also fueling the market demand. Robots are utilized to efficiently and quickly move things from one location to another. They eliminate the need for manual involvement in a variety of activities such as material handling and warehousing by automating laborious, uninteresting, and dangerous tasks. Then again, the increasing penetration of AI, IoT, big data, and machine learning technologies is one of the key aspects that will flourish the logistics automation sector with several growth prospects. However, the lack standardization and the requirement of high capital investment are some of the aspects that are hindering the market to grow with substantial rate.

Request for a free sample report @
https://www.acumenresearchandconsulting.com/request-sample/2953

The exponential growth of the ecommerce industry is one of the global logistic automation market trends which is driving up the industry demand. After the pandemic struck late in the first quarter of 2020, e-commerce sales increased by nearly 32% in the second quarter. According to the US Department of Commerce, first-quarter sales of US$ 154.6 billion increased to US$ 203.8 billion in the second quarter as the pandemic gained traction. As a result, e-commerce sales had increased to $215 million in Q1 2021, a more than 39 percent increase over the same quarter in 2020.

As the COVID-19 epidemic spreads across the United States, supply chain and logistics operations are significantly impacted, particularly in the North America region. Retail, consumer goods, and industrial goods are just a few of the key industries in North America that have been severely impacted by the COVID-19 outbreak.

Check the detailed table of contents of the report @
https://www.acumenresearchandconsulting.com/table-of-content/logistics-automation-market

Logistics Automation Market Regional Stance

North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa are the market's regional segments. Based on regions, North America accounted for the majority of the shares in 2021 due to the presence of retail and ecommerce giants. In addition, the early adoption of technologies, decent presence of tech giants, and increased focus on automation across industries are also supporting the North American market. Europe, on the other hand, gained the second highest market share in the worldwide logistics automation industry owing to the presence of numerous key players in the region, such as Knapp AG and Swiss log. However, the Asia-Pacific region is likely to attain the fastest growth rate throughout the forecast period 2022 - 2030. The high growth in the region is attributed to the growing e-commerce industry, rising population, and increasing focus on the rapid adoption of automation technology in industries such as transportation, retail, and manufacturing, among others.

Global Logistics Automation Market Segmentation

The logistics automation market is divided into five categories: component, function, organization size, industry vertical, and geography. Based on components, the logistics automation market is divided into hardware, software, and services. Based on our analysis, the hardware segment achieved a substantial market share in 2021.

By function, the market is bifurcated into warehouse and storage management and transportation management. Large enterprises and SMEs are the splits of organization size segment. Large enterprises accumulated a bigger share in the organization size during the forecast period. However, the small and medium enterprises growing focus on automation to streamline their process is also expected to boost the demand for the logistics automation industry in the coming years.

The industry vertical segment is categorized as 3PL, aerospace and defense, chemicals, fast-moving consumer goods (FMCG), healthcare and pharmaceuticals, manufacturing, oil, gas, and energy, and retail and eCommerce. Among them, retail and eCommerce are one of the leading industries that require logistics automation as a process. With automated e-commerce systems, retailers can increase order fulfillment speed, improve order accuracy, and effectively administer an ever-increasing number of stock-keeping units. Order fulfillment rates can be 5 times faster than with manual systems.

Major Players

The logistics automation industry involves many key players. The top players presented in the report include Daifuku Co., Ltd, Dematic Corp, Honeywell Intelligrated, Inc., Knapp AG, Jungheinrich AG, Mecalux, S.A., Murata Machinery, Ltd, SSI Schaefer LLC, Swisslog Logistics, Inc., Toshiba Logistics Corporation, and Vitronic Machine Vision, Ltd.

Buy this premium research report -
https://www.acumenresearchandconsulting.com/buy-now/0/2953

201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Trends, Industry Growth Analysis and Forecast to 2030 here

News-ID: 2899627 • Views:

More Releases from Acumen Research and Consulting

Compact High Pressure Laminates Market to Reach USD 9.6 Billion by 2032, Driven by Sustainable Construction and Interior Design Innovation
Compact High Pressure Laminates Market to Reach USD 9.6 Billion by 2032, Driven …
The Compact High Pressure Laminates Market is gaining remarkable momentum as industries across construction, interior design, healthcare, and commercial applications increasingly adopt durable, stylish, and sustainable surfacing solutions. Valued at USD 5.9 Billion in 2023, the market is projected to reach USD 9.6 Billion by 2032, reflecting a steady compound annual growth rate (CAGR) of 5.6%. Get Free PDF Sample Pages of This Report: https://www.acumenresearchandconsulting.com/request-sample/3646 Compact High Pressure Laminates, or Compact HPL,
Culture Media Market Set to Surge Beyond USD 17.32 Billion by 2032, Driven by Advancements in Biotechnology and Diagnostics
Culture Media Market Set to Surge Beyond USD 17.32 Billion by 2032, Driven by Ad …
Culture Media Market Poised for Robust Expansion Amid Biotechnology Boom The Culture Media Market has emerged as a cornerstone of modern life sciences, enabling researchers and manufacturers to cultivate, identify, and preserve microorganisms and cells for critical applications. From drug discovery to diagnostic testing, culture media plays an indispensable role in advancing human health and biotechnology. According to Acumen Research and Consulting, the global Culture Media Market size was valued at USD
Green Energy Market Size to Hit USD 2.41 Trillion by 2032 | Key Trends, Share & Growth Insights
Green Energy Market Size to Hit USD 2.41 Trillion by 2032 | Key Trends, Share & …
The global Green Energy Market is experiencing unprecedented momentum. According to Acumen Research & Consulting, the market reached USD 1.15 trillion in 2023 and is forecast to grow at a CAGR of 8.7% from 2024 to 2032, reaching approximately USD 2.41 trillion by 2032. This Green Energy Market Analysis highlights the sweeping scale of investment and innovation driving the sector forward. Green Energy Market Size & Growth Snapshot • 2023 market size: USD
Pipeline Safety Market: Ensuring Integrity in Energy Transportation
Pipeline Safety Market: Ensuring Integrity in Energy Transportation
The global pipeline safety market is a critical component of energy infrastructure, ensuring the safe transportation of oil, gas, and other hazardous materials over vast distances. With rising demand for energy and increasing regulatory scrutiny, pipeline safety has become paramount in maintaining the integrity of these vital systems. This report delves into the factors driving the market, current trends, and future projections for this rapidly evolving industry. Pipeline Safety Market Overview

All 4 Releases


More Releases for Logistics

Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026. The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments. Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s. The study objectives of this report are: To analyze global Third-Party Logistics status, future forecast,