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Logistics Automation Market Statistics, Segment, Trends and Forecast to 2032
Logistics Automation Market
Logistics automation entails integrating machinery, control systems, and software to improve logistic process efficiency. Logistics automation improves procurement, production, inventory management, distribution, customer service, and recovery efficiency, control, and organisation. Logistics automation systems include automatic guided vehicles, robotic arms, autonomous mobile robots, automated storage and retrieval systems (AS/RS), warehouse management software, and transportation management software. Logistics automation offers a variety of advantages, including real-time access to loading and data analysis, organisational control, increased customer service, and scalability and speed.
Over the last few years, there has been a remarkable increase in the adoption of e-commerce. Supply chains and logistics management are developing to adapt to and respond to the rising shift to online delivery platforms, click-and-collect models, and curbside pickups. Warehouse robotics, sorting systems, and warehouse management software are being invested in by logistics firms.
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Robotic platforms, such as collaborative robots, are also employed in task automation. In automated warehouses, large-scale conveyor systems, automated storage, and retrieval systems are employed to increase production. Integration of technology like as artificial intelligence, machine learning, and data analytics is gaining traction in order to make more informed and simplified operational decisions.
The market is growing due to increased efficiency and employee safety, development in e-commerce, adoption of industry 4.0 technologies, and advancements in robotics technology. However, costly initial investment is projected to stifle market expansion. Furthermore, the deployment of autonomous cars and drones, as well as increased demand for warehouse automation from emerging nations, are likely to provide prospects for market expansion.
Improved efficiency and workforce safety
Automation has grown in popularity among businesses because of its cost-cutting and greater efficiency benefits. Automation technology can help to improve workplace safety by lowering the risk of accidents and preventing work injuries, resulting in a safer workplace for workers. In the workplace, robotic lifting devices lessen the risk of lifting and bending injuries. By taking over repetitive jobs, automation also lowers strain injuries.
Furthermore, automated technologies such as autonomous mobile robots (AMR) help to improve efficiency by handling and moving risky goods across factory floors, eliminating potentially costly injuries to human employees and increasing their productivity.
Furthermore, automatic systems continuously monitor performance. As a result, automated systems can respond to emergency situations far faster than humans. By shutting down equipment or warning staff before a potentially dangerous situation escalates, automated systems reduce accidents and equipment damage.
Segmentation:
By component:
· Hardware
· Software
· Services
By organization size:
· Small and Medium-sized Enterprises (SMEs)
· Large Enterprises
By vertical:
· Retail and E-commerce
· Manufacturing
· Healthcare
· Automotive
· Aerospace and Defense
· Food and Beverage
· Chemicals
· Others
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Geographical Analysis:
· In January 2022, Amazon announced that it would expand its use of automation and robotics in its warehouses in order to speed up its delivery times and increase efficiency. This move is expected to drive the demand for logistics automation market.
· In December 2021, Swisslog Healthcare announced a partnership with Open Robotics to develop a new, modular robot platform for healthcare logistics. The platform is expected to improve efficiency and reduce costs in healthcare logistics, driving demand for automation solutions in the industry.
· In November 2021, DHL Global Forwarding announced the launch of its new logistics automation platform, myDHLi Quote & Book. The platform is designed to streamline the logistics process for small and medium-sized businesses, and is expected to drive demand for logistics automation market in this segment.
Overall, the logistics automation market is expected to experience significant growth in the coming years, driven by factors such as increasing demand for efficiency and cost savings, adoption of Industry 4.0 technologies, and partnerships between logistics companies and automation solution providers.
Impact of the Russia-Ukraine War on the global Logistics Automation Market:
It is difficult to determine the direct impact of the Russia-Ukraine war on the logistics automation market as it depends on various factors such as the specific region and industry. However, there could be potential indirect impacts on Logistics Automation Market due to disruptions in global trade and supply chains, which could lead to delays in delivery times and increased costs for logistics companies. Additionally, there may be increased demand for logistics automation solutions in certain regions as companies look for ways to improve efficiency and mitigate the effects of supply chain disruptions. Overall, the impact of the Russia-Ukraine war on the logistics automation market will likely depend on the duration and severity of the conflict and any related geopolitical factors.
Company Profiles:
· Dematic
· Swisslog
· Murata Machinery
· Knapp AG
· Daifuku Co., Ltd.
· Vanderlande Industries
· Honeywell Intelligrated
· Siemens AG
· Fives Group
· SSI Schaefer
· Grenzebach Maschinenbau GmbH
· Toshiba Logistics Corporation
· TGW Logistics Group
· Mecalux, S.A.
· Jungheinrich AG
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Logistics Automation Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Logistics Automation Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
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