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Global Logistics Automation Market – Analysis and Forecast (2018 – 2024)<br>Industry Insights by Component (Transportation Management (Software and Services) and Warehouse & Storage Management (Hardware, Software and Services)), by Organization Size (Large Enterprises and Small and Medium Enterprises), by Vertical (Manufacturing, Pharmaceuticals & Healthcare, Retail & E-Commerce, Aerospace & Defense, Logistics & Transportation, Chemicals, Food & Beverage, Oil, Gas, & Energy, Automotive and Others)
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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 – 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 automation market in North America contribute the largest revenue, globally and is further expected to witness high growth during the forecast period. The growth of logistics automation market in this region is due to existence of large enterprises that are persistently utilizing logistics automation solutions for improving supply chain methods which includes transportation, manufacturing and assembling of products. Furthermore, the Asia-Pacific market is predicted to witness highest CAGR during the forecast period due to increasing demand for automated material hold systems from various warehouses and manufacturing industries. Additionally, enlargement of logistics and transportation segment in Asia Pacific is another factor pertaining towards the growth of logistics automation market in this region. Explore Full Report Description At: https://www.vynzresearch.com/ict-media/logistics-automation-market
Logistics Automation Market Competitive Insight The logistics automation market is fragmented and the key players operating in this market includes Dematic Corporation, Murata Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Honeywell Intelligrated, Inc., Swisslog Holding AG,KNAPP AG, TGW Logistics Group GmbH, Jungheinrich AG, WiseTech Global Limited, Falcon Autotech, System Logistics Spa, Matternet Inc., Pcdata BV, and JBT Corporation.
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