16-Dec-2021 | Zion Market Research
As per study of Zion Market Research, Logistics Automation industry acquired proceeds worth nearly US$ 53.01 billion in 2020 and is anticipated to garner returns of approximately US$ 134.11 billion by 2028. Moreover, Logistics Automation market is prognosis to record CAGR of almost 12.1% in 2021-2028. Furthermore, growth of logistics automation industry over forecast timespan is credited to flourishing industrial internet of things and rise in use of connected systems facilitating multi-tasking activities such as material handling, packing, ordering, picking, inspection, and warehouse safety. In addition to this, need for bringing improvement in operations of warehouse and enhancing functionalities of inventory management activities will spur business space. Automation in logistics enhances operational efficacy along with improving warehouse processes & distribution activities. In addition to this, logistics automation offer slew of benefits including scalability, error reduction, and organizational control, thereby driving market landscape.
Manufacturing Segment To Dominate Logistics Automation Market Growth By 2028
Expansion of manufacturing segment over forecast timespan can be credited to massive need for transporting raw goods and other kinds of logistics from one place to another. With manufactured products required to be transported to retailers, there is huge demand for logistics, thereby driving demand for logistics automation in manufacturing segment. With manufacturing firms requiring to have own logistics for enhancing efficiency of their business operations, the market for logistics automation is slated to gain traction over upcoming years.
Asia Pacific Market To Register Massive Growth Over 2021-2028
Growth of logistics automation market in Asia Pacific over anticipated timeline is due to thriving retailing and ecommerce activities in region. In addition to this, surge in acceptance of robotics cloud technology as well as connected systems & interconnected networking tools in manufacturing industry across countries such as Taiwan, Singapore, China, and Japan will proliferate size of logistics automation market revenue in Asia Pacific zone.
Key players impacting growth of market and included in report are Knapp AG, Beumer Group, SSI Schaefer, Honeywell Intelligrated, Mecalux, S.A., Vitronic, Muratec Murata Machinery, Ltd., Jungheinrich AG, Daifuku Co., Ltd., and Swisslog.
Browse the full “Logistics Automation Market- By Component (Warehouse & Storage Management And Transportation Management), By Vertical (Logistics & Transportation, Retail, Oil & Gas, Healthcare, Automotive, Aerospace & Defense, Food & Beverage, And Manufacturing), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/logistics-automation-market
The global Logistics Automation Market is segmented as follows:
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