Press release
Logistics Automation Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Swisslog and Honeywell Intelligrated.
Logistics Automation Market is expected to grow at a CAGR of 11.95% to reach a market size worth US$98.384 billion by 2028.The prime factors propelling the growth of the logistics automation market are increasing demand for faster and more cost-effective supply chain operations, advancements in technologies such as IoT and AI, and the need for greater transparency and visibility across the supply chain.
The logistics automation market is expected to grow at a modest pace during the forecast period.
The logistics automation market has been experiencing significant growth in recent years, driven by the increasing demand for efficient and cost-effective logistics solutions. One of the key trends in logistics automation is the development of autonomous vehicles and drones that can operate without human drivers. These vehicles are equipped with advanced sensors and software to navigate complex environments, avoid obstacles, and make real-time decisions based on changing conditions. Despite these advancements, the logistics automation market remains highly fragmented, with many solutions and providers available. However, as the technology continues to mature and become more widely adopted, there will be a more unified and standardized approach to logistics automation that will enable companies to achieve greater efficiency, cost savings, and competitive advantage.
Sample request or complete report can be purchased through the link below:
https://www.knowledge-sourcing.com/report/logistics-automation-market
The logistics automation market is segmented into component, enterprise size, application, end-user industry, and geography.
The market has been classified into hardware, software, and services by component.
The hardware segment is expected to be the largest segment of the logistics automation market. Meanwhile, logistics automation software can help businesses optimize their supply chain operations, reduce costs, and improve visibility across the entire supply chain. The services segment of the logistics automation market is expected to grow steadily as businesses seek to implement and maintain complex logistics automation systems.
By enterprise size, the market has been classified into small, medium, and large. Small enterprises are expected to be the fastest-growing segment of the logistics automation market due to the increasing availability of affordable logistics automation solutions. These businesses are increasingly turning to logistics automation to help them compete with larger players in the market and improve their supply chain operations. Medium enterprises are also expected to experience significant growth in the logistics automation market as they seek to streamline their supply chain operations and reduce costs. Finally, large enterprises are expected to be the largest segment of the logistics automation market due to their significant resources and ability to invest in advanced logistics automation solutions.
By application, the market has been classified into warehouse and storage management and transportation management. Logistics automation solutions such as automated storage and retrieval systems, robotics, and RFID tagging are used to optimize warehouse and storage operations, improve order accuracy, and reduce labor costs. In addition, the transportation management application is also expected to experience significant growth in the logistics automation market as businesses seek to optimize their transportation operations and improve delivery times.
The market has been classified into retail, manufacturing, oil and gas, chemical, agriculture, pharmaceutical, and others by the end-user industry. The retail sector is expected to be one of the largest end-users of logistics automation solutions, driven by the increasing demand for fast and efficient delivery of goods to customers.
The market is classified geographically into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The Asia Pacific region is expected to experience significant growth in the logistics automation market, driven by the increasing demand for e-commerce and the growing logistics industry. Countries such as China, India, and Japan invest heavily in logistics automation solutions to improve their supply chain operations and gain a competitive advantage.
As a part of the study, the major players covered in the logistics automation market are Dematic, Daifuku, Swisslog, Honeywell Intelligrated, Murata Machinery, Knapp AG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Vitronic, Beumer Group, and Toshiba Logistics.
This logistics automation market has been analyzed into the following segments:
• By Component
o Hardware
o Software
o Services
• By Enterprise Size
o Small
o Medium
o Large
• By Application
o Warehouse and Storage Management
o Transportation Management
• By End-User Industry
o Retail
o Manufacturing
o Oil and Gas
o Chemical
o Agriculture
o Pharmaceutical
o Others
• By Geography
o North America
• United States
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• United Kingdom
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Related Reports:
• Global Postal Automation Market: https://www.knowledge-sourcing.com/report/global-postal-automation-market
• Mining Automation Market: https://www.knowledge-sourcing.com/report/mining-automation-market
Contact Us:
Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail:info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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