The Global Logistics Automation Market size is projected to reach USD 133.21 Billion from USD 52.59 Billion in 2020, exhibiting a growth rate of 12.4% through 2028. The market growth is driven by the immense growth in the e-commerce platforms, increased focus on the reduction of human resources, growing adoption of automated operation, and inclination of warehouse management & logistics providers towards cutting-down on the overall OPEX (operating expenses).
Increased integration of automation in logistics to reduce the involvement of human manual efforts to save both time and money and curbing uncertainty in the successful accomplishment of operations is the key factor stimulating the growth of the logistics automation market over the forecast period.
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Key players operating in the global logistics automation market are Murata Machinery, Toshiba Logistics, Vitronic, Wisetech Global, ULMA Handling Systems, Swisslog Holding AG, Deutsche Post DHL Group, FedEx Corp., United Parcel Service, Inc., and DSV Air & Sea Inc., among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Global Logistics Automation Market on the basis of end-user, automation type, components of logistics, logistics model, and region:
End-User Outlook (Revenue: USD Billion; 2020-2028)
Automation Type Outlook (Revenue: USD Billion; 2020-2028)
Components of Logistics Outlook (Revenue: USD Billion; 2020-2028)
Logistics Model Outlook (Revenue: USD Billion; 2020-2028)
The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report further explores the key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches, among others.
Regional analysis covers assessment of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue and gross margins, and presence of key players in the region. The report also offers insights about revenue growth, market size, market share, technological advancements, and presence of key players in each region.
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Regional Bifurcation of the Logistics Automation Market Includes:
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