Logistics Automation Market worth $51.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, March 28, 2023 /PRNewswire/ -- The global Logistics Automation Market size is projected to grow from USD 32.7 billion in 2023 to USD 51.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period, according to a new report by MarketsandMarkets™. The logistics industry is benefiting from advances in technology, such as robotics, artificial intelligence, and the Internet of Things (IoT) in Logistics Automation Market.

Browse in-depth TOC on "Logistics Automation Market"

360 - Tables
51 - Figures
318 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83657139

By Components, Hardware segment to account for largest market share during the forecast period

Hardware account for largest market share during the forecast period and these systems include hardware segment includes Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Automated Storage and Retrieval Systems (AS/RS), Automated Sorting and Conveyor Systems, De-palletizing/Palletizing Systems, and Automatic Identification and Data Collection (AIDC). AMRs are becoming increasingly popular in warehouses and distribution centers, as they can autonomously move goods around the facility without the need for human intervention. This technology can help to reduce labor costs and increase efficiency.

By Software Application, Shipping management segment to account for largest market share during the forecast period

Shipping management account for largest market share during the forecast period. Shipping management is the process of effectively managing the goods transportation into and out of storage to the warehouse in real time. The warehouse management solution offers an on-demand, web-based solution that helps companies increase order throughput, accuracy, and speed by streamlining the picking and shipping process when the order is received. Inventory levels are automatically updated into the warehouse system after each shipment is sent to ensure accurate, real-time inventory visibility and control.

By Verticals, Retail and eCommerce segment is expected to grow at the highest CAGR during the forecast period

Retail and eCommerce segment is expected to grow at the highest CAGR during the forecast period. The retail & eCommerce industry has emerged as one of the most dynamic and fast-paced industries, due to the advent of new players, such as Daifuku, Dematic, and Honeywell Intelligrated, offering logistics automation solutions. Technological improvements in logistics management solutions have helped companies in this industry to manage logistics operations, enhance customer satisfaction, increase customer loyalty, and expand market reach. The retail & eCommerce industry faces the challenge of delivering quick, accurate, and undamaged goods to consumers. The need to ensure the timely delivery of products exerts pressure on distributors to ship products in the shortest possible time.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=83657139

Among regions, North America region is estimated to hold the largest market share in the Logistics Automation Market

North America is expected to hold the largest market share during the forecast period. North America is a global focus on innovation with regards to breakthrough technologies in the logistics automation industry. Companies in North America focus on reducing operational costs and transforming factories, warehouses, and distribution centers, and hence, adopting logistics automation solutions to improve supply chain operations, including the manufacturing, assembly, and transportation of goods.

Key and innovative vendors in the Logistics Automation Market include Dematic (US), Honeywell Intelligrated (US), Daifuku (Japan), Oracle (US), SAP (Germany),IBM(US) ,SSI Schaefer (Germany), Knapp (Austria), Manhattan Associates (US), Swisslog (Switzerland), Blue Yonder (US),Mantis(US),Murata Machinery (Japan), TGW Logistics Group (Austria), Jungheinrich (Germany), System Logistics (Italy), Zebra Technologies (US), ABB (Switzerland), BEUMER Group (Germany),Korber(Germany), O9 Solutions(US), JR Automation(US), Automated Logistics Systems(US),SBS Toshiba Logistics (Japan), SAVOYE(France), Symbotic(US), Locus Robotics(US), GreyOrange (US), Eyesee (Hardis Group) (France), Falcon Autotech (India), Logistically(US),and Logiwa(US).

Browse Adjacent Markets: Analytics Market Research Reports & Consulting

Related Reports:

Artificial Intelligence Market - Global Forecast to 2027

Big Data Market - Global Forecast to 2027

Decision Intelligence Market - Global Forecast to 2027

Data Pipeline Tools Market - Global Forecast to 2027

Indoor location market size - Global Forecast to 2027

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/logistics-automation-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/logistics-automation.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg