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| Logistics Automation Market |
Market Overview:
The global Logistics Automation Market is projected to reach a value of US$ 52.7 Bn by 2022, growing at a CAGR of 10.3% during the forecast
period 2021-2028. Logistics automation involves the implementation of advanced
technologies such as robotics, Internet of Things (IoT), and artificial
intelligence (AI) to streamline various logistics operations. It encompasses
tasks such as inventory management, warehouse management, order fulfillment,
and transportation management. This market is witnessing significant growth due
to the advantages it offers, including increased operational efficiency,
improved productivity, reduced labor costs, enhanced accuracy, and faster order
fulfillment. With the rapid growth of e-commerce, the demand for logistics automation
solutions is expected to surge in the coming years.
Market Key Trends:
One of the key trends in the logistics automation market is the adoption of
autonomous mobile robots (AMRs) for warehouse operations. AMRs are
self-navigating robots that can move and perform tasks like picking, sorting,
and transporting goods within a warehouse without human intervention. These
robots use sensors and mapping technologies to navigate through the warehouse
and can be programmed to optimize their routes, increasing overall efficiency.
The use of AMRs eliminates the need for fixed conveyor belts or other expensive
infrastructure, making them a cost-effective solution for warehouse automation.
They also provide flexibility, scalability, and adaptability, allowing businesses
to adapt quickly to changing market demands. The growing demand for faster
order fulfillment, increased picking accuracy, and reduced labor costs is
driving the adoption of AMRs in the logistics industry. This trend is expected
to continue in the coming years, with companies increasingly investing in AMR
technology to enhance their warehouse
Segment Analysis:
The logistics automation market can be segmented based on technology,
component, and end-user industry.
Based on technology, the market can be further divided into robotics, conveyor
systems, automated storage and retrieval systems (ASRS), warehouse management
systems (WMS), and others. Among these, the robotics segment dominates the
market. Robotic solutions offer various benefits such as increased efficiency,
accuracy, and flexibility in logistics operations. They can handle various
tasks, including picking, sorting, packaging, and transportation, thereby
reducing labor costs and improving workflow management. Additionally,
advancements in robotic technologies, such as autonomous mobile robots (AMRs)
and collaborative robots (cobots), have further driven the adoption of robotics
in the logistics industry.
Based on the component, the market can be categorized into hardware, software,
and services. The hardware segment holds the largest market share. Hardware
components, including robots, conveyors, ASRS, sensors, and control systems,
form the backbone of logistics automation systems. Companies are investing in
advanced hardware technologies to enhance their operational efficiency and
reduce the overall cost of logistics.
In terms of the end-user industry, the logistics automation market serves
various sectors such as retail and e-commerce, automotive, food and beverage,
healthcare, and others. The retail and e-commerce sector dominate the market
due to the rapid growth of online shopping and the need for efficient order
processing, inventory management, and faster delivery. The increasing demand
for same-day and next-day deliveries has compelled retailers to adopt advanced
automation technologies in their warehouses and distribution centers.
Key Takeaways:
The global Logistics
Automation Market Share is expected to witness high growth, exhibiting
a CAGR of 10.3% over the forecast
period of 2021-2028. The increasing adoption of automation technologies in the
logistics industry is a major driver for market growth. Companies are realizing
the benefits of automation in terms of improving operational efficiency,
streamlining supply chain processes, reducing errors, and optimizing inventory
management. Additionally, the growth of e-commerce and the need for faster
order fulfillment and delivery are driving the demand for logistics automation
solutions.
In terms of regional analysis, North America dominates the logistics automation
market. The region has a mature logistics sector, advanced infrastructure, and
a high adoption rate of automation technologies. The presence of major
e-commerce players, such as Amazon and Walmart, along with the need for efficient
supply chain management, has further contributed to the market growth in this
region. However, Asia Pacific is expected to be the fastest-growing region
during the forecast period. The increasing e-commerce penetration, rapid
industrialization, and the need for efficient material handling and warehouse
operations are driving the demand for logistics automation solutions in the
region.
Key players operating in the logistics automation market include ABB, BEUMER
GROUP, Blue Yonder Group, Inc, Daifuku Co., Ltd., E&K AUTOMATION LIMITED,
Falcon Autotech Private Limited, GreyOrange, HighJump, Infor, Locus Robotics,
Manhattan Associates, One Network Enterprises
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https://www.newsstatix.com/logistics-automation-market-high-growth-size-market-share-analysis/
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