Press release
Logistics Automation Market Projected to Reach US$ 115.29 Billion by 2029 at a CAGR of 10.98%
Logistics Automation Market
Logistics Automation Market Overview:
The logistics automation market is experiencing a surge in growth, driven by the increasing adoption of technology to streamline operations and improve efficiency. According to a recent market report, the market size is expected to reach $115.29 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.98% from a base of $55.60 billion in 2022.
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This growth is attributed to several factors, including:
• Rising demand for faster deliveries: The e-commerce boom has led to a growing expectation for faster deliveries, which is pushing logistics companies to automate their processes.
• Labor cost reduction: Logistics automation solutions can help businesses reduce labor costs associated with manual tasks such as picking and packing orders.
• Improved accuracy and efficiency: Automation can help to reduce errors and improve the overall efficiency of logistics operations.
Logistics Automation Market Report Scope and Research Methodology:
The report provides comprehensive business statistics and analytical insights designed to facilitate a thorough understanding of the Logistics Automation market. Key aspects such as market size, market share, growth patterns, prevailing trends, demand drivers, leading players, industry profiles, opportunities, value chain analysis, end-user segments, various types, and applications are clearly presented. The analysis employs a bottom-up approach to accurately estimate both global and regional Logistics Automation market sizes. A robust combination of primary and secondary research methodologies is utilized to construct a detailed overview of the Logistics Automation market. Secondary research involved collecting data from a range of reputable sources to gather information about key players and analyze current and historical industry trends. This information was then cross-verified through primary research, which included conducting interviews with industry experts and key opinion leaders in the Logistics Automation sector.
Furthermore, the report explores growth opportunities in both micro and macro markets, providing stakeholders with valuable insights for potential investments. An in-depth competitive analysis is included, highlighting the product offerings of major competitors. A SWOT analysis is performed to identify the strengths, weaknesses, opportunities, and threats within the Logistics Automation market, providing a strategic perspective on the market dynamics.
Logistics Automation Market Regional Insights:
Geographically, North America and Asia Pacific are expected to be the leading markets for logistics automation. The growth in North America is attributed to the presence of a large number of established logistics companies and the high adoption rate of new technologies. The Asia Pacific region is expected to witness the highest growth rate due to factors such as large-scale industrialization, rising disposable income, and increasing government investments in infrastructure development.
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Logistics Automation Market Segmentation:
By Function:
Warehouse & Storage Management
Transportation Management
By Organization Size:
Small & Medium-sized Enterprises (SMEs)
Large Enterprises
By Vertical:
Retail & E-commerce
Manufacturing
Oil, Gas & Energy
Pharmaceuticals & Healthcare
Logistics & Transportation
Automotive
Aerospace & Defense
Food & Beverage
Chemicals
Others
by Components:
Hardware-integrated Systems
Software
Warehouse Management System (WMS) software
Transportation Management System (TMS) software
Services
Consulting
Implementation
Support and Maintenance
According to Vertical, the market for logistics automation is expected to be led by the automotive sector throughout the projected decade. The automotive sector has witnessed a surge in competition, leading to a greater need for automated production systems and adaptable logistics systems to improve car manufacturing and delivery. Fleet management and logistics solutions are used by the automotive industry to track, manage, and keep an eye on the movement of vehicles and goods.
Logistics Automation Market Key Players:
1. Toshiba Logistics
2. TGW Logistics Group GmbH
3. Wisetech Global
4. System Logistics SPA
5. Falcon Autotech
6. Dematic
7. Daifuku
8. Swisslog
9. Honeywell Intelligrated
10. Murata Machinery
11. Knapp GG
12. Jungheinrich AG
13. SSI Schaefer
14. Mecalux, S.A.
15. Vitronic
16. Beumer Group
17. Hinditron
18. JBT Corporation
19. UlMA Handling System
20. SI system LLC
The report also identifies some challenges that could hinder the growth of the logistics automation market, such as the high initial investment costs associated with automation solutions and the lack of skilled labor to operate and maintain these systems. However, the report concludes that the long-term benefits of automation, such as improved efficiency and reduced costs, are expected to outweigh these challenges and drive continued growth in the market.
Obtain Greater Clarity with In-Depth Graphs and Charts: https://www.maximizemarketresearch.com/market-report/global-logistics-automation-market/7182/
Table of Content: Logistics Automation Market:
• The Big Picture: Market size, overview, and key points.
• Our Focus: Specific areas, timeframe, and scope we'll explore.
• Market Players: Who are the big businesses and up-and-comers?
• Market Size: How much money is flowing in this market?
• Market Breakdown: Different types of products/services and their segments.
• Competition Check: How easy (or tough) is it to compete in this market?
• Who's Buying?: Understanding the customer base and their needs.
• Global Market: How does this market differ around the world?
• Decision Time: Making informed choices in this market.
• Market Shifts: What's driving changes in the market?
• Future Look: Emerging trends that will shape the market.
• The Sellers: Who are the major companies selling in this market?
• Competition Analysis: Strengths and weaknesses of the key players.
Key questions answered in the Logistics Automation Market are:
• What is Logistics Automation?
• What was the Logistics Automation market size in 2023?
• What is the growth rate of the Logistics Automation Market?
• Which are the factors expected to drive the Logistics Automation market growth?
• What is the CAGR at which the ## market will grow during the forecast period?
• What are the different segments of the Logistics Automation Market?
• Which is the fastest-growing region in the Logistics Automation Market?
• What segments are covered in the Logistics Automation Market?
• Who are the key players in the Logistics Automation Market?
• What growth strategies are the players considering to increase their presence in Logistics Automation?
• What are the upcoming opportunities and trends for the Logistics Automation Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Logistics Automation Market?
• Who are the leading companies and what are their portfolios in Logistics Automation Market?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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