New York, According to a new market research report published by Global Insight Services “Logistics Automation Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Logistics automation is the use of technology to automate the process of planning, executing, and controlling the movement of goods and resources. This includes the coordination of transportation, warehousing, and inventory management.
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Key Trends
There are three key trends in logistics automation technology:
1. Automated picking and packing: Automated picking and packing systems use robotics to select and pack items for shipment. These systems can improve accuracy and efficiency in the picking and packing process, and can reduce labor costs.
2. Automated storage and retrieval: Automated storage and retrieval systems use robotics to store and retrieve items from warehouse shelves. These systems can improve accuracy and efficiency in the storage and retrieval process, and can reduce labor costs.
3. Automated transportation: Automated transportation systems use robotics to move items from one location to another. These systems can improve accuracy and efficiency in the transportation process, and can reduce labor costs.
Key Drivers
The key drivers of logistics automation are speed, accuracy, and efficiency. Automation can help reduce the time it takes to complete tasks, improve accuracy and reduce errors, and increase efficiency by reducing the need for manual labor. Automation can also help to improve customer satisfaction by providing faster and more accurate service.
Market Segmentation
The logistics automation market is segmented by component, organizational size, application, end-user and region. By Component, the market is divided into hardware, software, and services. By organizational size, the market is divided into SMEs and large enterprises. By application, the market is bifurcated into warehouse and storage management and transportation management. By end-use, the market is divided by healthcare and pharmaceuticals, manufacturing and fast moving consumer goods. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the market are Beumer Group GmbH & Co. KG, Daifuku Co., Ltd., Honeywell International Inc., Jungheinrich AG, Kion Group AG, Knapp AG, Mecalux, S.A., Murata Machinery, Ltd., SSI Schaefer Group and TGW Logistics Group GmbH.
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Reasons to buy Logistics Automation Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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