Global Logistics Automation Market to witness a surge in its valuation with a 5.74 % CAGR by 2026
Published | 01 October 2020
According to BlueWeave
Consulting, Global Logistics Automation Market is estimated to be USD 39.17
billion by 2026 from USD 26.5 billion in 2019, at a CAGR of 5.74% from 2020 to
2026.
The logistics automation market
is increasing rapidly in the global market owing to the proliferation of the
acceptance rate of automation in the logistics chains globally. The convenience
of minor human effort and enhanced overall operational improvement is fueling
up logistics mechanization. The rise in the e-commerce industry induces a vast request
for the logistics chain as the online-purchased products must be bought at the
buyers' place. The rush in customer prospects for better quality and delivery
systems is a prominent factor in pouring the logistics automation market. The
growing preference for little or no transport charges has led to a sharper
focus on automation, including flexible fulfillment networks, proximity-based
cost modeling, and inventory perceptibility solutions to stay ahead of the
competition. The significant restriction in the growth of the logistics
automation market is Initial capital funds. Only a handful of companies own the
capital prowess required to invest in automation, which might take long periods
to break even. For companies under short-term pressure, the retrieval time
might be too long, making them unwilling to invest.
“Retail & E-commerce Sector
dominates the Vertical Segment”
Based on vertical, the market is
divided into retail & e-commerce, manufacturing, oil, gas & energy,
logistics & transportation, pharmaceuticals & healthcare, automotive,
aerospace & defense, chemicals, food & beverage, and others. The retail
& Ecommerce section is projected to be the rising section. The era of
digitalization has improved internet saturation in recent years. Exposure to the
internet has elevated the desire for luxury amongst people. In recent years,
people started outlay more on luxury and comfort. E-commerce offers a wide
variety of products and facilities over the internet and the flexibility to
shop at any time from any place. This flexibility has increased people’s
interest in e-commerce. Growing demand for e-commerce is bolstering the request
for packaging and transportation.
Growth Drivers
“Increasing Growth in
E-commerce Industry and Extensive use of robotics are the key drivers in the
growth of Global Logistics Automation Market”
The e-commerce explosion in
current years has impacted the manufacturing, retail, and logistics industries
intensely. In the last few years, the retail sector is transitioning from traditional
brick and mortar stores to online stores. Such a change is putting tremendous
pressure on the supply chains and warehousing systems, which is further
increased by the labor challenges.
Logistics Automation is a
solution to these tests and is being executed worldwide to smoothen the
operating processes. Hence, the e-commerce boom is motivating the market for
Logistics Automation.
The transport management and
warehouse management are proactively accepting logistics automation robots,
which mechanizes moving goods and keeping across the supply chain operations.
The logistics automation robots are combined with crosswise warehouses and
loading facilities for organizing and shipping the products. These robots also
offer improved uptime levels compared to manual labor, which leads to the
growth in productivity and effectiveness of the industry.
“North America dominates
the Global Logistics Automation Market”
The North American region
presently grips a significant share of the global Logistics Automation market
and is probable to last the same in the prediction period. U.S., China, Japan,
and Germany countries are likely to predict considerable traction in the
Logistics Automation market.
Global Logistics Automation
Market: Competitive Landscape
Some of the leading players
operating in the Global Logistics Automation Market are Dematic Corporation
(US), Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), Honeywell
Intelligrated, Inc. (US), KNAPP AG (Austria), Swisslog Holding AG (Switzerland),
TGW Logistics Group GmbH (Austria), SSI Schaefer AG (Switzerland), Mecalux,
S.A. (Spain), VITRONIC (Germany), BEUMER Group (Germany), Toshiba Logistics
Corporation (Japan), Jungheinrich AG (Germany), WiseTech Global Limited
(Australia), System Logistics Spa (Italy), Falcon Autotech (India), SI Systems,
LLC (US), ULMA Handling Systems (Spain), Inspirage (US), FRAMOS (Germany),
Matternet Inc. (US), Pcdata BV (Netherlands), Hinditron (India), JBT
Corporation (US), and OPEX Corporation (New Jersey) and other prominent
players.
Do not miss the business
opportunity of the Global Logistics Automation Market. Consult our analyst,
gain crucial insights, and facilitate your business growth.
The in-depth analysis of the
report provides the growth potential, upcoming trends, and statistics of the
Global Logistics Automation Market size & forecast. The report promises to
provide state-of-the-art technology of Global Logistics Automation Market and
industry insights, which help decision-makers to make sound strategic decisions.
Furthermore, the report also analyzes the market drivers, challenges, and
competitive analysis of the market.
About Us
Get Help
Relevant Press Releases
- The growing demand for GPS Antenna in the Automotive industry, aviation industry and rapid demand of internet capable electronics devices will boom the GPS Antenna Market
- India Refrigerator market attained US$ 3.2 Bn in 2019
- Global Flexitank Market has driven by an increase in commodity trade, rapid urbanization & globalization.
- Global Rolling Stock Market will bolster by the increasing demand for energy-efficient transport, growing comfort and safety, and government initiatives to provide a faster, cleaner and safest transport system
- Enteral Feeding Devices Market, 2019-2025 | Growing at a CAGR of 6.4%