Logistics Automation Market Growth Drivers, Business Strategies and Future Prospects (2023 to 2030)

The "Logistics Automation Market" Report offers a thorough analysis of prominent competitors and their market shares, providing valuable insights into the competitive landscape. Alongside important metrics like sales, revenue, average selling price, and gross margin, the report explores significant growth prospects for industry leaders. Serving as an all-inclusive resource, this research provides a comprehensive overview of the market and its potential for expansion, making it an essential tool for investors and business professionals alike.

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Logistics automation has become an essential requirement for companies in recent years, as changes in customer preferences have resulted in the expansion of product categories, making it difficult to handle them within the constraints of existing supply chain practices. Customers' expectations have also increased, with concepts like last-mile delivery and delivery on-demand becoming common. To improve operational efficiency and remain competitive, companies are opting for logistics automation.

The global logistics automation market is expected to grow at a compound annual growth rate (CAGR) of 12.6% and will be worth USD 100.1 Bn by 2023.

The market is segmented based on components, with the hardware segment expected to hold a market share of more than 50% during the forecast period and grow at a CAGR of 10.7%. Even though most companies prefer hardware products like automated conveyor systems, lift trucks, automated racks, and robotic picking for implementing logistics automation, the need for capital investments is a significant deterrent. As a result, some of them opt for software solutions instead, since they are easy to integrate and are cost-effective. This segment is expected to expand at a significant CAGR of 16.0%, the highest under this categorization. Moreover, as companies try to reduce their capital investments, tasks are likely to be handed over to third-party logistics automation service providers.

The exponential expansion of the e-commerce industry, expectations regarding swifter deliveries, and intense competition among market players are some of the major factors contributing to the growth of the logistics automation market. Thus, the e-commerce and retail segment is expected to be the highest growing end-use industry in terms of logistics automation, expanding at a CAGR of 16.9% during the analysis period. By 2023, this segment is expected to hold a market share of more than 40%.

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Logistics automation also finds extensive applications in the food and beverage industry, where the technology is well-suited for accurate product measurements, flawless packaging, and for performing tedious, repetitive tasks in tough environments like freezer warehouses. The online product delivery ecosystem and the growing preference for air transport are also expected to result in a significant increase in the volume of air cargo in the coming years. To cope up, airports around the world are adopting logistics automation to increase their capacities (despite the limited availability of land) and to ensure error-free and safe handling of large volumes of freight.

Europe and North America are mature markets, which dominated the global logistics automation sector with market shares of 33.6% and 29.2% respectively, in 2018. Most of the key players in the market are based in Europe. The logistics sector contributes significantly to the gross domestic product (GDP) of countries in Europe, making it a viable avenue for investments in automation. The logistics automation market in the Asia-Pacific and the Middle East and Africa regions are expected to exhibit higher growth in comparison to the other regions, owing to increasing investments in this sector and the presence of some significant players.

The report covers companies like ABB, Toyota Industrial Equipment, KION, Jungheinrich, KUKA, Daifuku, Murata Machinery, Beumer Group, KNAPP, and System Logistics. It provides insights into the competitive landscape of the logistics automation market, including market share analysis, key strategies adopted by market players, and recent developments in the market.

Logistics automation has become a necessity for companies to improve operational efficiency and remain competitive in a fast-changing market. The global logistics automation market is expected to grow significantly, driven by the exponential expansion of the e-commerce industry and the increasing demand for swifter deliveries. Companies are increasingly opting for logistics automation, with the hardware segment expected to hold a market share of more than 50% during the forecast period.

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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.

Here are the key highlights of the report:

• Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
• In-depth analysis of the competitive landscape, identifying key trends within the industry.
• Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
• Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
• Guidance provided for new market entrants, assisting them in navigating the industry landscape.
• Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.

Our sample report encompasses the following elements:

• Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
• Research Report of 100+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
• Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
• Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
• List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
• Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
• Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Our most recent research report showcases the thriving expansion of the global Logistics Automation Market and offers in-depth insights into the projected market size, share, and revenue until 2030.

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