Logistics Automation Market to grow at a Significant Rate through 2026
Modernization of industrial
sector and rising urbanization is expected to drive the demand for global logistics
automation market in forecast period.
According to TechSci Research report, “Global Logistics
Automation Market By Component (Software, Hardware-integrated
Systems-integrated Systems, Services), By Function (Warehouse and Storage
Management, Transportation Management), By Vertical (Manufacturing, Healthcare
and Pharmaceuticals, Fast-Moving Consumer Goods (FMCG), Retail and eCommerce,
3PL, Aerospace and Defense, Oil, Gas, and Energy, Chemicals, Others (Paper And
Printing, And Textiles And Clothing)), By Company, By Region, Forecast &
Opportunities, 2026”, global logistics automation market is expected to witness
robust growth for the next five years owing to improvement in speed and
scalability, minimal mistakes and better customer service. Automation in
logistics allows industries to introduce more products on the same assembly
line to boost the production capacity. Automation software services and
solutions such as tracking of the transportation and warehouse management are
contributing to the market growth.
However, initial high cost for installations of
automation products and lack of expertise to operate them may create hindrance
in the global logistics automation market growth.
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Global
logistics automation market is segmented into type, application, region, and
company. Based on function, market is further categorised into warehouse and
storage management and transportation management. Warehouse and storage
management is expected to hold major market share during the forecast period
due to adoption of automated labours for warehouse operations to reduce
operational costs and utilize resources. Based on Component segment market is
majorly divided into software, hardware-integrated systems, and services.
Hardware-integrated systems is expected to dominate the market in terms of
volume. High usage of automation machines for organization of warehouse
material and ensuring timely end-user deliveries are the two major contributing
factors for hardware segment growth. Depending on the vertical, market is
segregated into manufacturing, healthcare and pharmaceuticals, fast-moving
consumer goods (FMCG), retail and ecommerce, 3pl, aerospace and defense, oil,
gas, and energy, chemicals, among others. Manufacturing industry is playing
significant role in the market growth due to the growing demand for e-commerce
industry and expansion of the manufacturing industry to cater the need of the
growing population around the globe. Also, supply chain management and
transportation of raw materials and finished goods requires minimal chances of
error subsequently giving rise to need for automation in logistics market.
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River Systems, LLC, BEUMER Group, E&K Automation Limited, ABB Ltd., Dematic
Global, Falcon Autotech Private Limited, SBS Toshiba Logistics, TGW Logistics
Group, Zebra Technologies, Honeywell Intelligrated are the leading players
operating in global logistics automation market. Manufacturers are increasingly
focusing on research and development process to fuel higher growth in the
market. To meet evolving customer demand with respect to better efficiency and
durability, several logistics automation manufacturers are coming up with their
technologically advanced offerings.
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“Adoption of
robotics by logistics industry to automate the process and enhance the
productivity of the workplace and utilise efficient time is driving the growth
of the logistics market. Also, use of robot in logistics operations aid in
minimizing the labour cost and huge reduction in operational costs. Growing
popularity of e-commerce sectors for the ease and convenience among the
consumers is expected to be major driver for the global logistics automation
market till 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Logistics
Automation Market By Component (Software, Hardware-integrated
Systems-integrated Systems, Services), By Function (Warehouse and Storage
Management, Transportation Management), By Vertical (Manufacturing, Healthcare
and Pharmaceuticals, Fast-Moving Consumer Goods (FMCG), Retail and eCommerce,
3PL, Aerospace and Defense, Oil, Gas, and Energy, Chemicals, Others (Paper And
Printing, And Textiles And Clothing)), By Company, By Region, Forecast & Opportunities,
2026” has evaluated the future growth potential of global logistics
automation market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of global logistics
automation market.
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