At 23+% Logistics Automation Market is reaching $121,343.3 Million by 2027 with Top Companies – Honeywell Intelligrated, KNAPP, Mecalux, Murata Machinery, Swisslog Holding AG, TGW Logistics, VITRONIC

“Logistics Automation Market" added to The Insight Partners. A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints, and opportunities is part of the report. this report includes potential opportunities in the Logistics Automation industry at the global and regional levels.

The Logistics automation market accounted to US$ 39,286.3 Mn in 2018 and is expected to grow at a CAGR of 23.7% during the forecast period 2019 – 2027, to account to US$ 121,343.3 Mn by 2027.

Warehouse management accounts for about 60% of the functions, such as stock handling, inventory management, and dispatching. With the advancement in technology, warehouse management is focusing on the deployment of robots and automated machines to enhance efficiency and reduced human errors. It has been estimated by Raconteur, that more than 1.4 million innovative and advanced industrial robots will be installed in factories globally. Furthermore, the cost might be incurred in different form such as the addition of maintenance staff as well as inventory for equipment parts. Thus, the implementation might hinder the logistic automation market in the forecast period.

Get Sample PDF Copy at https://www.theinsightpartners.com/sample/TIPRE00005708

Strategic Insights

Market Initiatives was observed as the most adopted strategy in global logistics automation market. Few of the recent market initiatives are listed below:

2019: Swisslog announced completion of a major project for the Middle East’s leading telecom distributor for handsets and accessories, Axiom Telecom, for the design and implementation of a new Dubai-based automated warehouse facility with AutoStore.

2018: Honeywell announced completion of its acquisition of warehouse automation solutions provider Transnorm. Transnorm would be the part of Honeywell Safety and Productivity Solutions (SPS) and will complement its Honeywell Intelligrated business.

2017: Yamazaki Mazak Corporation (machine tools) and Murata Machinery, Ltd. (AS/RS) collaborated in the development of the MAZATEC SMS (Smart Manufacturing System).

GLOBAL LOGISTICS AUTOMATION MARKET SEGMENTATION

Global Logistics Automation Market – By Component

  • Hardware
  • Software
  • Services

Global Logistics Automation Market – By Mode of Freight Transport

  • Air
  • Road
  • Sea

Global Logistics Automation Market – By Application

  • Warehouse Management
  • Transportation Management

Global Logistics Automation Market – By End-user Industry

  • Retail and E-Commerce
  • Manufacturing
  • Oil and Gas
  • Food and Beverage
  • Automotive
  • Healthcare and Pharmaceutical
  • Others

Global Logistics Automation Market - By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Russia
    • Italy
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Buy Complete Report at https://www.theinsightpartners.com/buy/TIPRE00005708

About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

Contact us –

Phone : +1-646-491-9876

Email Id : [email protected]

Website: https://www.theinsightpartners.com

Posted by on Wednesday February 12 2020, 8:00 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Data Centers, Featured Press Release, Media, Robotics, Semiconductors, Software & Services, Technology Hardware & Equipment, Telecommunication. Comments and Trackbacks closed. Follow responses: RSS 2.0

Comments are closed

News Categories

Featured Press Releases

Log in