Global logistics automation market is expected to grow at a significant rate during the forecast period (2018 – 2024). The adoption of driver-less 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. On the basis of vertical, the market is segmented into manufacturing, pharmaceuticals & healthcare, retail & e-commerce, aerospace & defense, logistics & transportation, chemicals, food & beverage, oil, gas, & energy, automotive and others. Among all the verticals, automotive segment generates the largest revenue to the logistics automation market due to enhanced competition in this industry it has facilitated and enhanced the demand for flexible logistic systems and automated production solutions in order to upscale supply and manufacturing of vehicles.
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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.
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. Moreover, it has been observed that economic growth of the U.S., Canada and Mexico has aggravated investment avenues in the logistics automation market in North America. 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.
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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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