Sat. Nov 27th, 2021

Modernization of industrial sector and rising urbanization is expected to drive the demand for global logistics automation market in forecast period.

According to TechSci Research report, “Global Logistics Automation Market By Component (Software, Hardware-integrated Systems-integrated Systems, Services), By Function (Warehouse and Storage Management, Transportation Management), By Vertical (Manufacturing, Healthcare and Pharmaceuticals, Fast-Moving Consumer Goods (FMCG), Retail and eCommerce, 3PL, Aerospace and Defense, Oil, Gas, and Energy, Chemicals, Others (Paper And Printing, And Textiles And Clothing)), By Company, By Region, Forecast & Opportunities, 2026”, global logistics automation market is expected to witness robust growth for the next five years owing to improvement in speed and scalability, minimal mistakes and better customer service. Automation in logistics allows industries to introduce more products on the same assembly line to boost the production capacity. Automation software services and solutions such as tracking of the transportation and warehouse management are contributing to the market growth.

However, initial high cost for installations of automation products and lack of expertise to operate them may create hindrance in the global logistics automation market growth.

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Global logistics automation market is segmented into type, application, region, and company. Based on function, market is further categorised into warehouse and storage management and transportation management. Warehouse and storage management is expected to hold major market share during the forecast period due to adoption of automated labours for warehouse operations to reduce operational costs and utilize resources. Based on Component segment market is majorly divided into software, hardware-integrated systems, and services. Hardware-integrated systems is expected to dominate the market in terms of volume. High usage of automation machines for organization of warehouse material and ensuring timely end-user deliveries are the two major contributing factors for hardware segment growth. Depending on the vertical, market is segregated into manufacturing, healthcare and pharmaceuticals, fast-moving consumer goods (FMCG), retail and ecommerce, 3pl, aerospace and defense, oil, gas, and energy, chemicals, among others. Manufacturing industry is playing significant role in the market growth due to the growing demand for e-commerce industry and expansion of the manufacturing industry to cater the need of the growing population around the globe. Also, supply chain management and transportation of raw materials and finished goods requires minimal chances of error subsequently giving rise to need for automation in logistics market.

6 River Systems, LLC, BEUMER Group, E&K Automation Limited, ABB Ltd., Dematic Global, Falcon Autotech Private Limited, SBS Toshiba Logistics, TGW Logistics Group, Zebra Technologies, Honeywell Intelligrated are the leading players operating in global logistics automation market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several logistics automation manufacturers are coming up with their technologically advanced offerings.

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“Adoption of robotics by logistics industry to automate the process and enhance the productivity of the workplace and utilise efficient time is driving the growth of the logistics market. Also, use of robot in logistics operations aid in minimizing the labour cost and huge reduction in operational costs. Growing popularity of e-commerce sectors for the ease and convenience among the consumers is expected to be major driver for the global logistics automation market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Logistics Automation Market By Component (Software, Hardware-integrated Systems-integrated Systems, Services), By Function (Warehouse and Storage Management, Transportation Management), By Vertical (Manufacturing, Healthcare and Pharmaceuticals, Fast-Moving Consumer Goods (FMCG), Retail and eCommerce, 3PL, Aerospace and Defense, Oil, Gas, and Energy, Chemicals, Others (Paper And Printing, And Textiles And Clothing)), By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global logistics automation market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global logistics automation market.

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