Press release
A Comprehensive Study Exploring Logistics Automation Market | Key Players Profiles: Daifuku Co., Ltd., GreyOrange, Locus Robotics, Oracle
Logistics automation is the use of technology and software to streamline the flow of goods and materials from production to consumption. It has become an important aspect of the supply chain management industry as it offers several benefits such as increased efficiency, reduced labor costs, and improved accuracy. In recent years, logistics automation has gained significant attention and investment from businesses worldwide.A study conducted by Coherentmarketinsights estimated the The global logistics automation market was valued at US$ 42.9 Bn in 2019 and is expected to reach US$ 104.7 Bn by 2028 at a CAGR of 10.3% between 2021 and 2028. The study attributed this growth to several factors such as the increasing need for cost-effective and efficient logistics operations, the rising adoption of automation by small and medium-sized enterprises, and advancements in technology such as the Internet of Things (IoT) and Artificial Intelligence (AI) that have enabled more sophisticated automation solutions.
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Another research study conducted by CMI found that logistics automation can significantly improve supply chain performance. The study found that automation solutions such as warehouse automation, transportation management systems, and order fulfillment automation can reduce costs, increase efficiency, and improve customer satisfaction. The study also noted that businesses that have implemented automation solutions have experienced an average reduction of 20% in logistics costs and an increase in order accuracy of up to 99.9%.
Overall, research studies suggest that logistics automation is a growing industry with significant potential for businesses to improve their supply chain operations. As technology continues to advance, the adoption of logistics automation is expected to increase, offering businesses even more benefits and opportunities for growth.
Major companies operating in the global logistics automation market include ABB, BEUMER GROUP, Blue Yonder Group, Inc, Daifuku Co., Ltd., E&K AUTOMATION LIMITED, Falcon Autotech Private Limited, GreyOrange, HighJump, Infor, Locus Robotics, Manhattan Associates, One Network Enterprises, Oracle, SwanLeap Inc, and Toshiba Logistics
Detailed Segmentation:
Global Logistics Automation Market, By Component:
◘ Hardware
◘ Software
◘ Services
Global Logistics Automation Market, By Mode of Transportation:
◘ Airways
◘ Railways and Roadways
◘ Seaways
Global Logistics Automation Market, By Enterprise Size:
◘ SME
◘ Large Enterprises
◘ Global Logistics Automation Market, By Application:
◘ Warehouse and Storage Management
◘ Transportation Management
Global Logistics Automation Market, By End-use Industries:
◘ Manufacturing
◘ Healthcare and Pharmaceuticals
◘ Fast-Moving Consumer Goods (FMCG)
◘ Retail and e-Commerce
◘ Aerospace and Defense
◘ Oil, Gas, and Energy
◘ Chemicals
◘ Others (paper & printing and textiles & clothing)
Contact Us:
Mr. Shah
US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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