With the emergence and long-term Impact of COVID-19, the Global Logistics Automation Market is to reach USD 60.9 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Logistics Automation Market is poised to raise up to USD 60.9 Billion by 2030. The Logistics Automation Market means the use of advanced technologies and systems to streamline and optimize the processes involved in the transportation, storage, and management of goods, resulting in increased efficiency, cost savings, and improved overall supply chain performance. The Logistics Automation Market is being driven by factors such as the adoption of e-commerce and increasing demand for high-level logistics management.
The inclination of consumer is increasing towards e-commerce. According to Statista retail e-commerce sales world –wide in 2020 was USD 4,248 billion wihic is rising in 2021by USD 4,938 billion and expected to reach USD 7,391 by 2025. Thus, rising in retail e-commerce sales is fueling the growth of the market. In addition to the adoption of automation for cost-cutting in facilities and improving logistics automation technology may create lucrative opportunities for the market. However, the lack of uniform governance standards may hinder the growth of the market.
The key regions considered for the Global Logistics Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of logistics automation solution providers and the government taking appropriate initiatives to promote robust infrastructure. North America is also considered the fastest growing market during the forecasted period due to the rapid implementation of modern technology and presence of major players in the region.
The global Logistics Automation Market is highly competitive owing to the presence of several key manufacturers such as International Business Machines corporation, Oracle, Honeywell International Inc., Jungheinrich AG, Kion Group AG, Knapp AG, Mecalux, Murata Machinery, Ltd., and others.
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Key findings of the study suggest:
- Global Logistics Automation Market is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2023-2030.
- In the software application segment, inventory management emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the presence of logistics automation solution providers.
- North America is also expected to grow at a high CAGR during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Component:
- Hardware
- Software
- Service
By Function:
- Inventory and Storage Management
- Transportation Logistics
By Logistics Type:
- Sales Logistic
- Production Logistic
- Recovery Logistics
- Procurement Logistics
By Organization Size:
- Micro , Small and Medium Enterprises (Msme)
- Large Enterprises
By Software Application:
- Inventory Management
- Order Management
- Yard Management
- Shipping Management
- Labor Management
- Vendor Management
- Customer Support
- Other Applications
By vertical:
- Retail And E-Commerce
- Manufacturing
- Healthcare and Pharmaceuticals
- Food And Beverages
- Automotive
- Aerospace and Defense
- Chemicals
- Other Verticals
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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