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Logistics automation is replacing traditional logistics processes as it helps in enhancing the overall efficiency of the industry by streamlining and automating the whole process, involving various tasks such as processing freight operations, tracking, and documentation. Most common advantages of implementing logistic automation are reduced human errors as it shows clear visibility of freight rates, enhanced customer services, and improved scalability. Logistic automation became a significant part of the supply chain process for small and large businesses. The growing adoption of Industrial 4.0 across manufacturing industry is increasing the demand of logistics automation worldwide. The logistics automation is comparatively popular in Asia-Pacific and Europe. All these factors and trends are anticipated to fuel the demand for logistics automation in various geographies and offer future growth opportunities for market players operating in the global logistics automation market.
The global logistics automation market is anticipated to witness impressive growth during the forecast period, owing to the rapid expansion in manufacturing and warehousing industry, especially in developing regions of the world. During the forecast period of 2019 to 2027, retail and e-commerce industry is expected to drive the demand for logistics automation worldwide. However, the high cost of implementation of logistics automation could hinder the logistics automation market growth. Despite these limitations, the boosting retail and e-commerce sector is projected to offer ample growth opportunities for the players operating in the logistics automation market during the forecast period of 2019 to 2027.
Significant market initiatives have been taken by some of the leading companies in logistics automation market by getting involved in partnering with the clients, winning significant contracts, and also expanding their production capabilities. For instance, in 2019, BEUMER Group supplied a third sortation systems to Hermes that is capable of sorting up over a million parcels a day. In the same year, KNAPP and KRATZER AUTOMATION announced a strategic collaboration. The KRATZER AUTOMATION’s software would enhance KNAPP’s portfolio in the last mile area, thus creating an all-encompassing software landscape along the entire supply chain. These strategic initiatives are further expected to provide a significant opportunities for logistics automation market growth in the coming years.
The major players operating in the market for logistics automation market include Beumer Group, Daifuku Co., Ltd., Dematic (KION Group), Honeywell Intelligrated, KNAPP AG, Mecalux, S.A., Murata Machinery, Ltd., Swisslog Holding AG, TGW Logistics Group, and VITRONIC among others.
The report segments the global logistics automation market as follows:
Global Logistics Automation Market - By Component
Global Logistics Automation Market - By Mode of Freight Transport
Global Logistics Automation Market - By Application
Global Logistics Automation Market - By End-user Industry
Global Logistics Automation Market - By Geography
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