Press release
The Power of Logistics Automation Market: Streamlining Operations for Efficiency and Growth
Logistics Automation Market
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/5810
Major determinants of the market growth
Rise in e-commerce, advancements in robotics technologies, adoption of industry 4.0 technologies, and improved efficiency and workforce safety have boosted the growth of the global logistics automation market. However, high initial investment hinders the market growth. On the contrary, adoption of autonomous vehicles & drones and greater demand for warehouse automation from developing countries are expected to open new opportunities in the future.
Labor shortages are currently being faced across the globe, which in turn is creating the demand for warehouse automation. Moreover, companies in emerging countries such as China and India, are also adopting automation in warehouse to get ahead of labor shortage. For instance, in 2022, Cainiao Network Technology built the largest unmanned warehouse in Southeast Asia for Thai courier Flash Express. This unmanned warehouse can process 6,000 parcels a day and this can rise to 20,000 a day during peak season. Henceforth, greater demand for warehouse automation from emerging countries is the factor that will be creating new growth opportunities for logistics automation market during the forecast period.
Based on organization size, the global logistics automation market is segregated into SME, and large enterprises. Large enterprises are utilizing automated material handling technology for several processes such as categorization and moving heavy items, or containers within warehouse. In addition, autonomous mobile robots are also being utilized to move materials from picking area to order packing area within the warehouse. For instance, in January 2022, DHL supply chain announced $15 million investment in robotics solutions from Boston Dynamics to further automate warehousing in North America. Boston Dynamics will equip DHL facilities with "Stretch", which is a robot designed to automate unloading process in distribution centers.
๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐๐ผ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐? ๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด - https://www.alliedmarketresearch.com/purchase-enquiry/5810
Covid-19 scenario:
The Covid-19 pandemic resulted in workforce changes, restriction on movement of goods, and adoption of automation solution to meet customer demands.
The prolonged lockdown resulted in disruption in supply chain but online shopping increased significantly during the lockdown.
With the removal of lockdown restriction, several companies invested in industry 4.0 technologies to deal with labor shortage issue.
Major market players
Beumer Group GmbH & Co. KG
Daifuku Co., Ltd.
Honeywell International Inc.
Jungheinrich AG
Kion Group AG
Knapp AG
Mecalux, S.A.
Murata Machinery, Ltd.
SSI Schaefer Group
TGW Logistics Group GmbH
KEY FINDINGS OF THE STUDY
By component, the software segment is anticipated to exhibit significant growth in the near future.
By application, the transportation management segment is anticipated to exhibit significant growth in the near future.
By organization size, the small and medium enterprises segment is anticipated to exhibit significant growth in the near future.
By end-use industry, the retail and e-commerce segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐: https://www.alliedmarketresearch.com/logistics-automation-market/purchase-options
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