A new Report by Delvens, titled "Logistics Automation Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Logistics Automation market size is projected to reach USD 89 billion by 2026 at a CAGR of 10.7% from USD 49 billion in 2021 during the forecast to 2028.
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Logistics is basically the process of managing the different aspects of resource like the acquisition, storage and transportation. The term is commonly used in business sector dealing with supply chains. Logistic automation delas with the automation of the cycle of logistics.it allows the various logistics to be networked and used unified for a single purpose.
With the emergence and dominance of IoT along with the technological advancements in robotics and the urgent need of ensuring the workforce safety are some of the factors that have supported long-term expansion for Logistics Automation Market.
Regional Analysis
APAC is expected to be the largest market during the forecast period. With the technical and industrial advancements along with the increased investment in the infrastructure have led to the expansion of market in the region.
Key Players of Logistics Automation Market:
· 6 River Systems
· ABB
· BEUMER Group
· Blue Yonder
· Daifuku
· Dematic
· E&K Automation
· Eyesee (Hardis Group)
· Falcon Autotech
· GreyOrange
· HighJump
· Honeywell Intelligrated
· Jungheinrich
· Knapp
· Locus Robotics and More
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Recent Developments
In February 2021, Honeywell Intelligrated and Fetch Robotics signed a partnership contract. Fetch Robotics is all set to launch an autonomous mobile robot called PalletTransport1500.
In May 2020, Manhattan Associates launched the Manhattan Active Warehouse Management solution. It is the world’s first cloud-native enterprise-class Warehouse Management System (WMS) that unifies every aspect of distribution and never needs upgrading. Manhattan Active WM ushers in a new level of speed, adaptability, and ease of use within distribution management.
Logistics Automation Market is segmented into Component (hardware-integrated systems, software, and services), function, organization size, vertical and geography.
On the basis of Function
· Warehouse and Storage Management
· Transportation Management
On the basis of Organization Size
· SMEs
· Large Enterprises
On the basis of Vertical
· Manufacturing
· Healthcare and Pharmaceuticals
· Fast-Moving Consumer Goods (FMCG)
· Retail and eCommerce
· 3PL
· Aerospace and Defense
· Oil, Gas, and Energy
· Chemicals
· Others (paper and printing, and textiles and clothing)
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Logistics Automation market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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