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Logistics Automation Global Market Report 2022

Logistics Automation Global Market Report 2022

  • August 2022
  • 175 pages
  • ID: 6316248
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the logistics automation market are WiseTech Global Limited, Kion Group AG, VITRONIC, Jungheinrich AG, Murata Manufacturing Co. Ltd, Swisslog Holding AG, TGW Logistics Group, Mecalux S.A., Beumer Group, SSI Schaefer AG, Oracle, Falcon Autotech Private Limited, Hinditron Group Of Companies, JBT Corporation, Toshiba Logistics, One Network Enterprises, System Logistics SpA, Matternet Inc, Toshiba Logistic, and SI Systems.

The global logistics automation market is expected to grow from $47.23 billion in 2021 to $55.69 billion in 2022 at a compound annual growth rate (CAGR) of 17.9%. The logistics automation market is expected to grow to $94.02 billion in 2026 at a CAGR of 14%

The logistics automation market consists of sales of logistics automation hardware, software, and services by entities (organizations, sole traders, and partnerships) that are used in warehouses and distribution centers, which help in maintaining huge stocks.Logistic automation refers to the application of computer software or automated machinery to improve efficiency in managing logistics.

This helps to replace manual operations and handling equipment with automated facilities and processes. Logistics automation helps develop logistics operations in various end-use industries.

The main types of components in logistics automation are hardware, software, and services.The hardware market in logistic automation is used to describe any of the physical components of an analog or digital computer.

Computer hardware also includes the physical parts of a computer, such as a case, central processing unit (CPU), monitor, mouse, keyboard, and computer data storage.The various functions include warehouse and storage management and transportation management, which are used in various organization sizes such as small-medium-sized organizations and large-scale organizations.

These are used by several end users, including retail and e-commerce, automotive, food and beverage, logistics and transportation, and others.

North America was the largest region in the logistics automation market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the logistics automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The logistics automation market research report is one of a series of new reports that provides logistics automation market statistics, including logistics automation industry global market size, regional shares, competitors with a logistics automation market share, detailed logistics automation market segments, market trends and opportunities, and any further data you may need to thrive in the logistics automation industry. This logistics automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growth of the e-commerce industry is expected to propel the growth of the logistics automation market going forward.Ecommerce refers to the buying and selling of goods and services with the help of the Internet.

Logistics automation is used by the e-commerce industry to maintain its stock in warehouses and distribution centers.This helps in the easy handling of goods between different departments in the company.

For instance, in February 2022, according to Forbes, a US-based business magazine, during the time of the pandemic, e-commerce sales grew by 50%, and the business of eCommerce during this time stood at $870 billion. Also, in 2020, in the U.S, there will be a 14.2% increase in e-commerce. Therefore, the growth of the e-commerce industry is driving the growth of the logistic automation market.

Technological innovations have emerged as the key trend gaining popularity in the logistics automation market.Major companies operating in the logistics automation market are introducing technological innovations to reinforce their position in the market.

For instance, in March 2020, Dematic, a US-based company that manufactures logistics automation and materials handling systems, launched the latest generation of warehouse automation solutions called Multishuttle (DMS) 2 E.This system helps to control all logistics processes in the warehouse, as well as order picking and dispatch.

The DMS-2E significantly increases speed, storage density, and accuracy and shows the availability of stock in warehouses and distribution centers.

In March 2020, Kion Group, a China-based company that manufactures materials handling equipment, acquired Digital Applications International Limited (DAI) for a deal amount of $133 million.This acquisition helps Kion Group to extend its software portfolio and systems engineering capabilities to meet future challenges and deliver advanced intralogistics globally.

Digital Applications International is a UK-based company that provides automated warehousing systems.

The countries covered in the logistics automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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