Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Logistics Automation Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.8% during the review period (2022 to 2027).
There has been a rapid growth in adoption of e-commerce over the previous few years. Supply chains and logistics management is increasingly evolving to adapt and cater to the rising switch to online delivery platforms, click-and-collect models, and curbside collections. Logistics providers are investing in warehouse robotics, sorting systems, and warehouse management software. Robotics platforms such as collaborative robots are also being used in automating tasks. Large-scale conveyor systems, automated storage, and retrieval systems are used in automated warehouses for greater productivity. Integration of technologies such as artificial intelligence, machine learning, and data analytics, is achievement enlarged traction for simplified and informed operational decisions.
Improved efficiency and workforce safety, development in e-commerce, adoption of industry 4.0 technologies, and advancements in robotics technologies drive the growth of the market. However, high initial investment is anticipated to hamper the growth of the market. Moreover, adoption of autonomous vehicles and drones, and greater demand for warehouse automation from emerging economies are projected to offer opportunities for the growth of the market.
Industry Developments:
05/17/2022: ABB has launched the ‘ABB Robotic Depalletizer’, a solution for handling complex depalletizing tasks in the logistics, e-commerce, healthcare, and consumer packaged goods industries. Using machine vision software, ABB’s new solution can quickly assess a wide variety of box types, enabling customers to efficiently process assorted loads with very little engineering effort and short set-up time.
The Foldable Intermediate Bulk Containers (IBC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes ABB (Switzerland), BEUMER Group (Germany), Blue Yonder (US), Daifuku (Japan), Dematic (US), E&K Automation (Germany), Eyesee (Hardis Group) (France), Falcon Autotech (India), GreyOrange (US), HighJump (Korber) (US), Honeywell Intelligrated (US), Jungheinrich (Germany), Knapp (Austria), Locus Robotics (US), Manhattan Associates (US), Murata Machinery (Japan), Oracle (US), SAP (Germany), SBS Toshiba Logistics (Japan), Seegrid (US), SSI Schaefer (Germany), Swisslog (Switzerland), System Logistics (Italy), TGW Logistics Group (Austria), and Zebra Technologies (US), VITRONIC. and others.
Logistics Automation Market is segmented based on the Component, Function, Enterprises ,applications, End users, companies and regions.
Global Logistics Automation Market, by Component
Global Logistics Automation Market, by Function
Global Logistics Automation Market, by Type
Global Logistics Automation Market, by Enterprises
Global Logistics Automation Market, by End-User
North America currently dominates the logistics automation market. It is anticipated to continue the domination by holding the largest market size during the forecasted 2022-2027, owing to the technology's early adoption. Also, the region is continuously supporting and promoting industrial-technological growth, which could be the driving aspect for the market.
Europe is anticipated to grow extremely, witnessing high investment across numerous industries in technology like IoT, machine learning, and automation. The main key driver of the region could be the rapid growth and investment in the e-commerce and retail sectors.
Asia Pacific region is anticipated to show the highest CAGR during the period 2022-2027. Regions like China, Japan are early adopters of the technology. E-commerce enterprises in China, Japan, India, Australia, and New Zealand have started investing and adopting logistics automation technologies to improve their supply chain network and logistics procedures.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 11.8% during the review period (2022 to 2027). |
By Type |
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By End User |
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By Companies | Avure Technologies Inc, Hiperbaric Espana, Bao Tou KeFa High Pressure Technology Co Ltd, CHIC FresherTech, Kobe Steel Ltd, Multivac Sepp Haggenmuller Se and Co KG, Stansted Fluid Power Ltd, Universal Pasteurization Co, Next HPP, ThyssenKrupp AG |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 94 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Logistics Automation Market is studied from 2017 - 2027.
What is the growth rate of Logistics Automation Market?
The Logistics Automation Market is growing at a CAGR of 11.8% over the next 5 years.
Who are the leading key players in Logistics Automation Market?
Avure Technologies Inc, Hiperbaric Espana, Bao Tou KeFa High Pressure Technology Co Ltd, CHIC FresherTech, Kobe Steel Ltd, Multivac Sepp Haggenmuller Se and Co KG, Stansted Fluid Power Ltd, Universal Pasteurization Co, Next HPP, ThyssenKrupp AG
What regions regions does this Logistics Automation Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Type of Logistics Automation Market?
Sales Logistics, Production Logistics, Recovery Logistics, Procurement Logistics
What are the significant applications of Logistics Automation Market?
Manufacturing, Healthcare and Pharmaceuticals, Fast-Moving Consumer Goods (FMCG), Retail and eCommerce, Aerospace and Defense, Others (Textiles and Clothing, etc.)
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
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MARKET ENGINEERING
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