logistics automation market
DESCRIPTION
The study segments Logistics Automation industry in light of major classification such as product type, potential markets, application, and end-user.TRANSCRIPT
Logistics Automation Market To Reach USD 120.08 Billion By 2026www.reportsanddata.com
Market SummaryIncreasing demand for logistics automation in hardware-centric automation type coupled with high investment in R&D of logistics automation is fueling the market growth.
Market Size – USD 46.97 Billion in 2018, Market Growth - CAGR of 12.4%, Market Trends – Increase in demand for Logistics Automation in the eCommerce segment.
The Global Logistics Automation Market is forecast to reach USD 120.08 Billion by 2026, according to a new report by Reports and Data. The logistics automation market is rising rapidly in the global market owing to the proliferation of the adoption rate of automation in the logistics chains globally. The convenience of lesser human effort and enhanced overall operational improvement is fueling up the market growth of logistics automation.
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Market SummaryIn the year 2018, Manufacturing Industries segment has witnessed the highest market demand. The manufacturing industries currently are prone to have the highest utilization of the logistics system as both the raw materials and end manufactured products require the logistics system. Retail and eCommerce segments are also significant contributors to this market.
Asia Pacific market is forecasted to generate a revenue of USD 43.83 Billion in the year 2026, owing to its extensive market penetration towards logistics automation coupled with its rise in consumer base in eCommerce and transcendence in manufacturing industries in China, Japan, and India.
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Market SummaryFurther key findings from the report suggest• The rise in the eCommerce industry compels a vast demand for the logistics chain. As the online-
purchased products have to be delivered to the buyers' place. Being solely dependent upon the logistics chain, the eCommerce industry encounters a higher growth rate of 17.3% by 2026.
• The warehouse is where the to-be-delivered products are dumped, rearranged, and packed accordingly for the shipment. Automation for the warehouse functionality entangles cataloging, inventory management, resource management, internal products handling, and others. The segment is forecasted to grow with a CAGR of 10.5% during the forecast period.
• Among the end-users in the logistics automation market, manufacturing industries segment is likely to continue being the leader of the market with almost 29.0% of market possession and would grow with a CAGR of 13.0% by 2026. Manufacturing Industries are the core participator of this market. Raw materials are essential in every stage of the production or manufacturing of products. Apart from raw materials, the manufactured products are also required to be delivered to the retailers or supply chains. Almost all the manufacturing industries are required to have their own or partnered logistics for smooth operational functioning.
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Market SummaryKey participants include Murata Machinery, Vitronic, Toshiba Logistics, Wisetech Global, Swisslog Holding AG, ULMA Handling Systems, Deutsche Post DHL Group, DSV Air & Sea Inc., FedEx Corp., United Parcel Service, Inc.For the purpose of this report, Reports and Data have segmented the global Logistics Automation Market on the basis of end users, automation type, components of logistics, logistics model, and region:End Users Method Outlook (Revenue, USD Billion; 2016-2026)• Manufacturing Industries• Retails• eCommerce• Oil & Gas Industries• Food & Beverages• Government Utilities• Healthcare Market• IT Industries• Others
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Market SummaryAutomation Type Outlook (Revenue, USD Billion; 2016-2026)• Hardware Centric• Software CentricComponents of Logistics Outlook (Revenue, USD Billion; 2016-2026)• Warehouse Management• Material Handling & TransportationLogistics Model Type Outlook (Revenue, USD Billion; 2016-2026)• First Party Logistic Model• Second Party Logistic Model• Third Party Logistic Model• Fourth Party Logistic Model• Fifth Party Logistic Model Regional Outlook (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026)• North America• Europe• Asia Pacific• Middle East & Africa• Latin America ww
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