Logistics Automation Market Scope
Logistics automation refers to the application of automated machinery or computer software to improve the efficiency of logistics operations. Market players are focusing on technological developments in the logistics industry to improve their productivity. For instance, DHL Supply Chain invested USD 300 million in deploying new technology such as robotics, augmented reality, robotics process automation, IoT, and transportation control towers in 350 of its 430 North American facilities. Further, increasing demand for logistics automation from small and medium enterprises expected to drive the demand for logistics automation over the forecasted period.
According to AMA, the Global Logistics Automation market is expected to see growth rate of 12.18%The number of players is present in the market hence fragmented nature of the market. Market players are investing for technological advancement in the logistics automation industry. For instance, Panalpina a forwarding and logistics services provider built logistics test centre in Singapore. This is expected to generate lucrative opportunities for the companies involved in logistics automation. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Logistics Automation market throughout the predicted period.
Dematic Corporation (United States), Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), Honeywell Intelligrated, Inc. (United States), KNAPP AG (Austria), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), SSI Schaefer AG (Switzerland), Mecalux, S.A. (Spain), VITRONIC (Germany), BEUMER Group (Germany), Toshiba Logistics Corporation (Japan), Jungheinrich AG (Germany), WiseTech Global Limited (Australia), System Logistics Spa (Italy) and XPO Logistics (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are ULMA Handling Systems (Spain), Inspirage (United States), FRAMOS (Germany), Falcon Autotech (India), DHL Supply Chain (Germany), Matternet Inc. (United States), Pcdata BV (Netherlands), SI Systems LLC (United States), Hinditron (India), JBT Corporation (United States) and OPEX Corporation (United States).
Segmentation Overview
The study have segmented the market of Global Logistics Automation market and Region with country level break-up.
On the basis of geography, the market of Logistics Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Emphasizing On Chatbot and Robotics for Logistics Automation, The emergence of Blockchain technology for Logistics Automation and Rise in Adoption of Data Analytics and Big Data Logistics
Market Growth Drivers:
Robust Growth in E-Commerce Industry, Rise in Application of IoT Technology for Logistics Automation and Increasing Adoption of Logistic Automation for Warehouse & Storage Management
Challenges:
Security and Safety Issues with Logistics Automation and Lack of Acceptance in Emerging Economies
Restraints:
High Capital Investment for Logistics Automation and Lack of Skilled Professionals to Adopt New Technology
Opportunities:
Emergence of Industry 4.0, Increasing Demand for Driverless Vehicles and Drones for Logistics Management and Rising Adoption of Logistics Automation in Small and Medium Enterprises
In 2018, XPO Logistics a transportation and logistics service to deploy 5,000 intelligent robots in its warehouses to collaborate with humans to supplement its current workforce.
Key Target Audience
Logistics Solution Providers, Application Developers, System Integrators, Communication Equipment Providers, Government Agencies and Authorities, Original Equipment Manufacturers, Data Management and Predictive Analysis Companies, Wireless Infrastructure Providers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.