Logistics Automation Market was valued at US$ 50.1 Bn in 2021 and is expected to reach at US$ 103.9 Bn in 2029. Global Logistics Automation Market size is expected to grow at a CAGR of 10.98% through the forecast period.
Logistics Automation Market Overview:
The report focuses on aspects such as gross margin, cost, market share, capacity utilization, and supply that affect Logistics Automation Market. It also helps in understanding Logistics Automation Market's future potential in the succeeding years. The report provides a market overview by standard topics which are highlighted with customized data according to the necessity. This overview helps in decisions on how to approach the market and understand the context of the industry. The research analyst has said that the APAC region is a lucrative opportunity for the Logistics Automation market and components manufacturers for the next ten years.
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Logistics Automation Market Scope
MMR's research is a thorough examination of the Logistics Automation market; it also identifies all of the top companies in the global market based on variables such as volume, share, strategies, and growth. In theLogistics Automation market, the research looks at each producers manufacturing sites, capacity, production, ex-factory price, market price, sales revenue, and market share. Import/export consumption, supply and demand, cost, price, share, sales volume, revenue, and gross margins are all covered in this Logistics Automation market research. For the competitive analysis, the report includes the profile of the key market players in the Logistics Automation market including company overview, financial performance, product portfolio, and strategies.
Depending on Function The segment for transportation management is expected to expand at the greatest CAGR. One of the most important elements thought to be propelling the expansion of the transportation management industry is the necessity to assure prompt delivery of goods while lowering transportation expenses. The global logistics automation market is expanding as a result of the rising adoption of cutting-edge technology in the logistics industry. This offers benefits connected to TMSs, which can assist firms in organising, carrying out, and optimising the physical movement of commodities. Transportation management systems can offer better visibility, which can spur market growth, in daily transportation operations, trade compliance documents, and in assuring timely delivery of goods.
using the component, Due to the increasing demand for robotics and automation technologies among food and beverage firms globally over the forecast period, the hardware-integrated systems category is anticipated to have the largest market share. The automated storage and retrieval system (ASRS), conveyors and sortation systems, robotic handling systems, autonomous mobile robots (AMRs), and automated guided vehicles are all included in the hardware-integrated systems section (AGVs). Since robots are being used more frequently throughout the whole supply chain, their use is anticipated to significantly increase in the near future, driving the market. To run the company's logistics operations in 2021, RMGroup's soft drink manufacturer Radnor Hills installed three ABB end-of-line robotic palletizers.
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• Toshiba Logistics
• TGW Logistics Group GmbH
• Wisetech Global
• System Logistics SPA
• Falcon Autotech
• Honeywell Intelligrated
• Murata Machinery
• Knapp GG
• Jungheinrich AG
• SSI Schaefer
• Mecalux, S.A.
The report looks at the most recent notable breakthroughs in the Logistics Automation market, as well as the major producers and inventors. To implement future business growth and expansion in a predictable time period, vendors should employ sequential merger and acquisition plans, geographic development strategies, research and development (R & D) strategies, and new product launch strategies, or explain the most advantageous fit.
The market's key geographies, as well as notable segments and sub-segments, are examined in the Logistics Automation Industry Research. This Logistics Automation market report includes figures, geographies, and revenue, as well as an in-depth examination at the business chain structure, opportunities, and industry news. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
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Key Questions answered in the Logistics Automation Market Report is:
Which product segment grabbed the largest share in the Logistics Automation market?
How is the competitive scenario of the Logistics Automation market?
Which are the key factors aiding the Logistics Automation market growth?
Which region holds the maximum share in the Logistics Automation market?
What will be the CAGR of the Logistics Automation market during the forecast period?
Which application segment emerged as the leading segment in the Logistics Automation market?
Which are the prominent players in the Logistics Automation market?
What key trends are likely to emerge in the Logistics Automation market in the coming years?
What is the expected global Logistics Automation market size by 2029?
Which company held the largest share in the Logistics Automation market?
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