Logistics Automation Market was valued at USD 55.60 Bn in 2022 and is expected to reach at USD 115.29 Bn in 2029. Global Logistics Automation Market size is expected to grow at a CAGR of 10.98% through the forecast period.
Logistics Automation Market Overview:
The Logistics Automation Market analysis provides a comprehensive picture of the competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Logistics Automation Market , as well as the causes for variances in the industry’s growth in various places.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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Segmentation:
Depending on Function The segment for transport management is expected to expand at the greatest CAGR. One of the most important elements thought to be propelling the expansion of the transportation management industry is the necessity to assure prompt delivery of goods while lowering transportation expenses. The global logistics automation market is expanding as a result of the rising adoption of cutting-edge technology in the logistics industry. This offers benefits connected to TMSs, which can assist firms in organising, carrying out, and optimising the physical movement of commodities.
During the projected period, the hardware-integrated systems segment is anticipated to retain the biggest market share by component due to the growing need for robotics and automation technology globally for food and agriculture.
Key Players:
The entire procedure comprises a review of the financial records of the important market participants. Following an evaluation of the total market size, the market was divided into many divisions and sub-segments, which were confirmed by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Logistics Automation Market are as follows:
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
21. The Apache Software Foundation
22. KNAPP AG
23. Blue Yonder
24. E&K Automation
25. HighJump
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Logistics Automation Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Logistics Automation Market :
Due to a break in operations, end-user sectors where Logistics Automation Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Logistics Automation Market manufacturers, affecting the development of the Logistics Automation Market in 2020. End-user business demand for Logistics Automation Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Logistics Automation Market Report are:
- Which segment had the largest share in the Logistics Automation Market in 2021?
- What is the competitive landscape of the Logistics Automation Market ?
- Which are the key drivers aiding the Logistics Automation Market growth?
- Which region has the maximum share in the Logistics Automation Market ?
- What will be the CAGR of the Logistics Automation Market during the forecast period ?
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