Global Logistics Automation Market Set For Rapid Growth, To Reach Around USD 101.66 Billion By 2024

13-Aug-2018 | Zion Market Research

Zion Market Research has published a new report titled “Logistics Automation Market by Component (Warehouse & Storage Management and Transportation Management) and for Verticals (Logistics & Transportation, Retail, Manufacturing, Oil & Gas, Healthcare, Automotive, Aerospace & Defense, Food & Beverage, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global logistics automation market was valued at approximately USD 45.70 Billion in 2017 and is expected to reach approximately USD 101.66 Billion by 2024, growing at a CAGR of around 12.1% between 2018 and 2024.

The term logistics automation can be used to describe the process of automating the storage and distribution of goods in a warehouse and transportation, using robots and centrally managed computer systems. Generally, this alludes to activities inside a warehouse or distribution center, with more extensive undertakings embraced by supply chain management systems and enterprise resource planning systems. Logistics automation frameworks can capably supplement the facilities provided by these higher level computer systems. 

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Global Logistics Automation Market

One of the significant drivers of the logistics automation market growth is increasing adoption of big data in automated logistics technologies. Large-scale data analysis is utilized to produce reports for fast decision-making, reduce inconsistencies, and enable better customer management. Cloud computing technology will further enhance the big data analysis and the connected device powered by the big data applications will lead to an increase in productivity, better asset tracking, increase accessibility, better interaction between shippers and carriers, and less risk. Increasing use of IoT platform in logistics and supply chain management is further boosting the growth of logistics automation market across the globe. The IoT platform provides various features such as real-time fleet management, smart labels, predictive maintenance, storage conditions control, and more. Furthermore, the growing popularity of Logistics 4.0 in transportation and warehousing drives the growth of the global logistics automation market. Logistics 4.0 has the potential to automate the value stream that consists of autonomous vehicles (driverless cars) and elimination of warehouse operation in favor of predictive deliveries with zero-lead time integration. Moreover, high penetration of robotics in warehouse management propels the growth of the global logistics automation market. The robots follow a set of defined pathways, utilizing route marks from labels on the ground. Different systems utilize ultrasonic sensors such as those in automotive parking. However, high capital can restrain the growth of the global logistics automation market. 

Logistics automation market is segmented into component, vertical, and region. On the basis of the component, the market is categorized into transportation management and warehouse & storage management Vertical segment includes logistics & transportation, retail, manufacturing, oil & gas, healthcare, automotive, aerospace & defense, food & beverage, and others. The geographical regions where the logistics automation market is diversified are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Major players operating in logistics automation market are Honeywell Intelligrated, Murata Machinery, Knapp AG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Vitronic, Beumer Group, Daifuku, Swisslog, and others.

The report segments the logistics automation market into:

Global Logistics Automation Market: Component Segment Analysis

  • Warehouse & Storage Management 
  • Transportation Management

Global Logistics Automation Market: Vertical Segment Analysis

  • Logistics & Transportation
  • Retail
  • Manufacturing
  • Oil & Gas
  • Healthcare
  • Automotive
  • Aerospace & Defense
  • Food & Beverage
  • Others

Global Logistics Automation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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