IMARC Group, a leading market research company, has recently releases report titled “Logistics Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global logistics automation market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Logistics Automation
Logistics automation refers to the application of technology and software to streamline and optimize various processes within the logistics and supply chain management fields. It consists of multiple tools, which include conveyor systems and robotics in warehouses, sophisticated software platforms that manage inventory levels, route planning, and customer service. It relies on data analytics and real time monitoring capabilities to make more informed decisions. It is especially beneficial in complex or large-scale operations where manual processes can become cumbersome and prone to inaccuracies. It helps improve efficiency, accuracy, and speed in tasks, such as inventory management, sorting, packing, transportation, and tracking of goods.
How Big Is the Logistics Automation Market?
The global logistics automation market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 137.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.93% during 2023-2028.
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What are the growth prospects and trends in the logistics automation industry?
The increasing usage of logistics automation in the e-commerce sector to optimize inventory management and route planning, which leads to faster deliveries and reduced operational costs, represents one of the primary factors bolstering the market growth around the world.
Moreover, the rising adoption of logistics automation in the food and beverage (F&B) industry for maintaining the quality and safety of perishable items is favoring the growth of the market.
Apart from this, the growing employment of logistics automation in the pharmaceutical industry for maintaining the integrity of sensitive medical supplies, such as vaccines, medication, and other healthcare products, is influencing the market positively.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Hardware
- Mobile Robots (AGV, AMR)
- Automated Storage and Retrieval Systems (AS/RS)
- Automated Sorting Systems
- De-palletizing/Palletizing Systems
- Conveyor Systems
- Automatic Identification and Data Collection (AIDC)
- Order Picking
- Software
- Warehouse Management Systems (WMS)
- Warehouse Execution Systems (WES)
- Services
- Value Added Services
- Maintenance
Breakup by Function:
- Warehouse and Storage Management
- Transportation Management
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Manufacturing
- Healthcare and Pharmaceuticals
- Fast-Moving Consumer Goods (FMCG)
- Retail and E-Commerce
- 3PL
- Aerospace and Defense
- Oil, Gas and Energy
- Chemicals
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ABB Ltd., Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Jungheinrich AG, Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Oracle Corporation, SAP SE and Swisslog Holding AG (KUKA AG).
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