Global Logistics Automation Market is Expected to Grow at a Significant rate

The global logistics automation market is expected to grow at a significant rate during the forecast period (2018 – 2024). The adoption of driverless vehicles and drones is performing a significant role towards the growth of the global market. Logistics automation is an application of automation software that helps enterprises in improving the effectiveness of logistics procedures. Furthermore, these systems comprise of equipment, software, and relevant services. This system helps in proving improved quality products to the customers in order to cater to their ever-changing demand related to cost-effectiveness and timely delivery of products. Moreover, the emergence of IoT and technological advancements in robotics are other factors that are strengthening the growth of the logistics automation market across the globe. 

Increasing acceptance of IoT technology is helping the business enterprises to generate, store, process, and share a huge amount of data with other connected devices such as radio frequency identification (RFID), sensors, and gateway. Moreover, there has been an increased demand pertaining to connected technologies, smart devices, and applications. These are the key trends observed in the market, globally. IoT plays a crucial role to augment, automation, and connectivity which is enabling the business organizations to develop cost-efficient and productive warehouse facilities. Moreover, increasing demand and advantages of IoT is further strengthening the growth of the logistics automation market. 

The major factors that are driving the growth of the logistics automation market include extensive growth in the e-commerce industry along with advancements in the field of robotics. According to a recent study, it has been observed that the boom in the e-commerce industry has threatened the growth of retail, manufacturing, and logistic domain drastically. The shift from traditional brick and mortar stores to online stores is imposing abundance pressure upon the requirement of labor, warehouses, transportation, and supply chain process of various business organizations. 

Get Free Report Sample at https://www.vynzresearch.com/ict-media/logistics-automation-market/request-sample

Geographically, the logistics automation market in North America contribute the largest revenue, globally and is further expected to witness high growth during the forecast period. The growth of the logistics automation market in this region is due to the existence of large enterprises that are persistently utilizing logistics automation solutions for improving supply chain methods which include transportation, manufacturing, and assembling of products.

Moreover, it has been observed that the economic growth of the U.S., Canada, and Mexico has aggravated investment avenues in the logistics automation market in North America. Furthermore, the Asia-Pacific market is predicted to witness the highest CAGR during the forecast period due to the increasing demand for automated material hold systems from various warehouses and manufacturing industries. Additionally, enlargement of logistics and transportation segments in the Asia Pacific is another factor pertaining towards the growth of the logistics automation market in this region.

The logistics automation market is fragmented and the key players operating in this market include Dematic Corporation, Murata Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Honeywell Intelligrated, Inc., Swisslog Holding AG, KNAPP AG, TGW Logistics Group GmbH, Jungheinrich AG, WiseTech Global Limited, Falcon Autotech, System Logistics Spa, Matternet Inc., Pcdata BV, and JBT Corporation. 

Contact Us:

VynZ Research
Call: +91-996-028-8381
Toll-Free (U.S. and Canada): +1-888-253-3960
Email: enquiry@vynzresearch.com
Web: https://www.vynzresearch.com