With a current worldwide market value of $5 trillion, logistics is one of the key applications for technologies like automation, robotics, and artificial intelligence. In recent years, there have been significant changes in economic development, increased disposable income, affordability, and consumer purchasing patterns throughout numerous nations.
When prices become more accessible, customers demand better services and have higher expectations for product availability, delivery costs, and delivery times. Such high client expectations necessitate increased efficiency in manufacturing, warehousing, and transportation. The term “logistics automation” refers to the use of automation machinery and software to increase the effectiveness of logistical operations.
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The Logistics Automation Market is a rapidly growing sector that involves the use of technology to automate and optimize logistics operations. The market is driven by the increasing demand for efficient and cost-effective logistics solutions, advancements in technology, and the need for businesses to enhance customer satisfaction.
Logistics automation solutions help organizations to streamline their logistics operations by automating key processes such as transportation planning, warehouse management, and freight forwarding. These solutions also provide real-time visibility into logistics operations, enabling organizations to quickly identify and resolve issues.
The market includes a range of solutions such as transportation management systems (TMS), warehouse management systems (WMS), and freight forwarding software. TMS solutions help organizations to optimize transportation operations, including route planning, carrier selection, and load optimization.
WMS solutions help organizations to manage warehouse operations, including inventory management, order fulfillment, and shipping. Freight forwarding software helps organizations to manage freight forwarding operations, including quoting, booking, and tracking shipments.
Logistics Automation Market: Drivers and Challenges
The e-commerce boom in recent years, has impacted manufacturing, retail, and logistics industries dramatically. In the last few years, retail industry is transitioning from the traditional brick and mortar stores to online stores.
Such a transition is putting tremendous pressure on the supply chains and warehousing systems, which is further increased by the labor challenges. Logistics Automation is a solution to these challenges, and is being implemented across the globe to smoothen the operating processes.
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Logistics Automation Market: Key Players
Some of the key players of Logistics Automation market are
- Dematic,
- Daifuku,
- Kion Group,
- Kuka Robotics Corp.,
- Murata Machinery, Ltd.,
- TGW Logistics Group,
- VITRONIC,
- System Logistics Spa,
- Falcon Autotech, and
- ULMA Handling Systems amongst others.
Logistics Automation Market: Regional Overview
In terms of geography, Logistics Automation market can be segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Logistics Automation market in the North American region currently holds the largest share of global Logistics Automation market, and is expected to continue the same in the forecast period as well.
Logistics Automation Market: Segmentation
Global Logistics Automation Market can be segmented on the basis of Component, Application, and Verticals.
On the basis of Component, Logistics Automation Market can be segmented as:
- Hardware
- Software
- Services
On the basis of Application, Logistics Automation Market can be segmented as:
- Warehouse Management
- Transportation Management
On the basis of Vertical, Logistics Automation Market can be segmented as:
- Warehousing
- Logistics and Transportation
- Manufacturing
- Automotive
- Retail
- Healthcare and Pharmaceuticals
- Food and Beverages
- Others
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