Logistics Automation Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Logistics Automation Market Size
According to a new report published by , titled, "Logistics Automation Market," The logistics automation market was valued at $49.7 billion in 2020, and is estimated to reach $147.4 billion by 2030, growing at a CAGR of 11.9% from 2021 to 2030.

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Growth in E-commerce
E-commerce refers to the buying and selling of goods by utilizing internet. Growth in e-commerce industry across the globe has resulted in need for efficient warehousing and inventory management. Increase in e-commerce activities, and customer demand has forced companies to adopt automation solutions in order to fulfill rising consumer demand.
For instance, in August 2021, FedEx subsidiary FedEx Ground implemented a new AI-enabled robotics system to handle thousands of small packages daily as it seeks new innovations to meet demand in e-commerce delivery. The robotic product operates at FedEx Ground's station in Queens, New York. In addition, it can autonomously pick, identify, sort, collect, and containerize small packages at scale.
Moreover, customer demand for same day delivery is also creating the need for automation systems, which in turn is expected to drive the growth of the logistics automation industry during the forecast period.

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By End-Use Industry
Manufacturing
Healthcare and Pharmaceuticals
Fast-Moving Consumer Goods
Retail and E-commerce
Automotive
Others

By Component
Hardware
Software
Services

By Application
Warehouse and Storage Management
Transportation Management

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