Logistics Automation Market Expected High Growth Opportunities by 2024 by VynZ Research

Logistics Automation Market Analysis and Forecast 2024

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Logistics Automation Market Industry Overview Global logistics automation market is expected to grow at a significant rate during the forecast period (2018 â&#x20AC;&#x201C; 2024). The adoption of driverless vehicles and drones are performing significant role towards the growth of the global market. Logistics automation is an application of automation software that helps the enterprises in improving effectiveness of logistics procedures. Furthermore, these systems comprise of equipment, software and relevant services. These system helps in proving improved quality products to the customers in order to cater to their ever-changing demand related to cost effectiveness and timely delivery of products. Moreover, emergence of IoT and technological advancements in robotics are other factors that are strengthening the growth of the logistics automation market across the globe.

Logistics Automation Market Growth Drivers The major factors that are driving the growth of the logistics automation market include extensive growth in the e-commerce industry along with advancements in the field of robotics. According to a recent study, it has been observed that the boom in the e-commerce industry has threatened the growth of retail, manufacturing and logistic domain drastically. The shift from traditional brick and mortar stores to online stores is imposing abundance pressure upon the requirement of labor, warehouses, transportation and supply chain process of various business organizations. These problems are therefore being eradicated by the implementation of logistics automation system in the organization in order to maintain and enhance smooth and effective functioning of business operations.

Logistics Automation Market Geographic Overview: Geographically, logistics logistics automation automation market market in in North North America America contribute contribute the the largest largest revenue, revenue, globally globally Geographically, and is is further further expected expected to to witness witness high high growth growth during during the the forecast forecast period. period. The The growth growth of of logistics logistics and automation market market in in this this region region is is due due to to existence existence of of large large enterprises enterprises that that are are persistently persistently utilizing utilizing automation logistics automation automation solutions solutions for for improving improving supply supply chain chain methods methods which which includes includes transportation, transportation, logistics manufacturing and and assembling assembling of of products. products. manufacturing Furthermore, the the Asia-Pacific Asia-Pacific market market is is predicted predicted to to witness witness highest highest CAGR CAGR during during the the forecast forecast period period Furthermore, due to to increasing increasing demand demand for for automated automated material material hold hold systems systems from from various various warehouses warehouses and and due manufacturing industries. industries. Additionally, Additionally, enlargement enlargement of of logistics logistics and and transportation transportation segment segment in in Asia Asia manufacturing Pacific is is another another factor factor pertaining pertaining towards towards the the growth growth of of logistics logistics automation automation market market in in this this region. region. Pacific Explore Explore

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Logistics Automation Market Competitive Insight

The The logistics logistics automation automation market market is is fragmented fragmented and and the the key key players players operating operating in in this this market market includes includes Dematic Dematic Corporation, Corporation, Murata Murata Machinery, Machinery, Ltd., Ltd., Daifuku Daifuku Co., Co., Ltd., Ltd., SSI SSI Schaefer Schaefer AG, AG, Mecalux, Mecalux, S.A., S.A., VITRONIC, VITRONIC, BEUMER BEUMER Group, Group, Toshiba Toshiba Logistics Logistics Corporation, Corporation, Honeywell Honeywell Intelligrated, Intelligrated, Inc., Inc., Swisslog Swisslog Holding Holding AG,KNAPP AG,KNAPP AG, AG, TGW TGW Logistics Logistics Group Group GmbH, GmbH, Jungheinrich Jungheinrich AG, AG, WiseTech WiseTech Global Global Limited, Limited, Falcon Falcon Autotech, Autotech, System System Logistics Logistics Spa, Spa, Matternet Matternet Inc., Inc., Pcdata Pcdata BV, BV, and and JBT JBT Corporation. Corporation.

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