The latest report pertaining to Logistics Automation provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
In recent years, logistics automation has emerged as a necessity for companies. Changes in customers’ preferences are resulting in the expansion of product categories, which makes handling them difficult, given the constraints of existing supply chain practices. Customers’ expectations have also increased, with concepts like ‘last-mile delivery’ and ‘delivery on-demand’ becoming common. To improve operational efficiency and remain competitive, companies are opting for logistics automation. The global logistics automation market is expected to expand at a compound annual growth rate (CAGR) of 12.6% and will be worth USD 100.1 Bn by 2023.
Toyota Industrial Equipment
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The Logistics Automation Market Report provides key strategies followed by leading Logistics Automation industry manufactures and Sections of Market like- product specifications, volume, production value, Feasibility Analysis, Classification based on types and end user application areas with geographic growth and upcoming advancement. The Logistics Automation market report provides comprehensive outline of Invention, Industry Requirement, technology and production analysis considering major factors such as Revenue, investments and business growth.
Segmentation based on component:
The hardware segment is expected to hold a market share of more than 50% during the forecast period and will grow at a CAGR of 10.7%. Even though most companies prefer hardware products like automated conveyor systems, lift trucks, automated racks, and robotic picking for implementing logistics automation, the need for capital investments is a major deterrent. As a result, some of them opt for software solutions instead, since they are easy to integrate and are cost-effective. This segment is expected to expand at a significant CAGR of 16.0%, the highest under this categorization. Moreover, as companies try to reduce their capital investments, tasks are likely to be handed over to third-party logistics automation service providers.
The online product delivery ecosystem and the growing preference for air transport are expected to result in a significant increase in the volume of air cargo in the coming years. To cope up, airports around the world are adopting logistics automation to increase their capacities (despite the limited availability of land), and to ensure error-free and safe handling of large volumes of freight.
Logistics automation also finds extensive applications in the food and beverage industry. The technology is well-suited for accurate product measurements, flawless packaging, and for performing tedious, repetitive tasks in tough environments like freezer warehouses.
End use industry segment insights:
The exponential expansion of the e-commerce industry, expectations regarding swifter deliveries, and intense competition among market players are some of the major factors contributing to the growth of the logistics automation market. Thus, the e-commerce and retail segment is expected to be the highest growing end use industry in terms of logistics automation, expanding at a CAGR of 16.9% during the analysis period. By 2023, this segment is expected to hold a market share of more than 40%.
Europe and North America are mature markets, which dominated the global logistics automation sector with market shares of 33.6% and 29.2% respectively, in 2018. Most of the key players in the market are based in Europe. The logistics sector contributes significantly to the gross domestic product (GDP) of countries in Europe, make it a viable avenue for investments in automation. The logistics automation market in the Asia-Pacific and the Middle East and Africa regions are expected to exhibit higher growth in comparison to the other regions, owing to increasing investments in this sector and the presence of some significant players.
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The foremost points are labelled in detail which are covered in this Logistics Automation Market Report: –
Market Overview: Scope & Product Overview, Classification of Logistics Automation by Product Category (Market Size (Sales), Market Share Comparison by Type (Product Category)), Logistics Automation Market by Application/End Users (Sales (Volume) and Market Share Comparison by Application), Market by Region (Market Size (Value) Comparison by Region, Status and Prospect
Logistics Automation Market by Manufacturing Cost Analysis: Key Raw Materials Analysis, Price Trend of Key Raw Materials, Key Suppliers of Raw Materials, Market Concentration Rate of Raw Materials, Proportion of Manufacturing Cost Structure (Raw Materials, Labor Cost), Manufacturing Process Analysis
Logistics Automation Players/Suppliers Profiles and Sales Data: Company, Company Basic Information, Manufacturing Base and Competitors, Product Category, Application and Specification with Sales, Revenue, Price and Gross Margin, Main Business/Business Overview.
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Table of Content
Chapter 1. Executive Summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2. Introduction
2.1. Market definition
2.2. Market overview
– Global market revenue (USD Bn)
– Forecasted global market revenue (USD Bn)
– Geography-wise market revenue (USD Bn)
2.3. Market trends
2.4. Market drivers
2.5. Market challenges
2.6. Value chain analysis
Chapter 3. Global Logistics Automation Market – Based on Component
Chapter 4. Global Logistics Automation Market – Based on End Use Industry
Chapter 5. North America Logistics Automation Market
Chapter 6. Europe Logistics Automation Market
Chapter 7. Asia-Pacific Logistics Automation Market
Chapter 8. Latin America Logistics Automation Market
Chapter 9. The Middle East and Africa Logistics Automation Market
Chapter 10. Competitive Landscape
a. Company snapshot
b. Product offerings
c. Strategic initiatives
d. Countries present
e. Key people and numbers
10.2. Toyota Industrial Equipment
10.7. Murata Machinery
10.8. Beumer Group
10.10. System Logistics
10.11. Porter’s five forces analysis
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