Logistics Automation Market to hit US$ 121,343.3 Million, Globally, by 2027 at 14.3% CAGR: The Insight Partners

 Breaking News
  • No posts were found

Logistics Automation Market to hit US$ 121,343.3 Million, Globally, by 2027 at 14.3% CAGR: The Insight Partners

December 14
22:24 2021
Logistics Automation Market to hit US$ 121,343.3 Million, Globally, by 2027 at 14.3% CAGR: The Insight Partners
The Insight Partners
Continuous Growth in Retail & E-commerce Sector provide growth opportunities for electronic signature software market

Latest market study on “Logistics Automation Market to 2027 by Component (Hardware, Software, Services); Application (Warehouse Management, Transportation Management); Mode of Freight Transport ( Air, Road, Sea ); End-User Industry ( Retail and E-Commerce, Manufacturing, Oil and Gas, Food and Beverage, Automotive, Healthcare and Pharmaceutical, Others ); – Global Analysis and Forecast”, the logistics automation market is estimated to reach US$ 121,343.3 Mn by 2027 from US$ 39,286.3 Mn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

Strategic Insights        

Report Coverage


Market Size Value in

 US$ 39,286.3 Million in 2018

Market Size Value by

 US$ 121,343.3 Million by 2027

Growth rate

 CAGR of 14.3% from 2019-2027

Forecast Period


Base Year


No. of Pages


No. Tables


No. of Charts & Figures


Historical data available


Segments covered

 Component; Application; Mode of Freight Transport; End-User Industry, and Geography

Regional scope

 North America; Europe; Asia Pacific; Latin America; MEA

Country scope

 US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South  Korea, Saudi Arabia, Brazil, Argentina

Report coverage

 Revenue forecast, company ranking, competitive landscape, growth factors, and trends


Get Exclusive Sample Pages of Logistics Automation Market at https://www.theinsightpartners.com/sample/TIPRE00005708/

In Asia-Pacific, Rapid digitalization and developments in the economy, increasing education awareness, adequate government support, and rising incomes of the middle class are among the attributable factors that have ensured a smooth transition of these economies from the developing stage toward a developed stage. The e-commerce industry already represents 15% of total retail sales across the region. The region continues to be the fastest-growing region. Such above mentioned factors is expected to fuel the growth of logistics automation market in Asia-Pacific. APAC is also expected to be the fastest-growing region in the global logistics automation market during the forecast period.

 Europe is a technologically advanced region. The e-commerce and online retail are key drivers for the upsurge in the demand for diverse types of warehouses such as parcel sorting centers, mega fulfillment centers (merchandise storage and pick-up), local parcel delivery centers, return processing centers, dot.com warehouses (fulfillment of online orders), and local delivery centers (for same-day deliveries). The global warehouse and storage market in Europe has grown annually by ~2-3% due to growth in the online retail and e-commerce sector. These factors are contributing to the high growth of the logistics automation market in this region.

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Logistics Automation Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

Download the Latest COVID-19 Analysis on Logistics Automation Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00005708

Growing Adoption of Industrial 4.0 across Manufacturing Industry

The manufacturing sector is increasing globally; as per the China Federation of Logistics and Purchasing (CFLP), the global manufacturing purchasing managers’ index (PMI) accounted approximately 50% in August 2019, which was down from 51.3 in August 2018.This signifies a robust recovery of the manufacturing sector across the developed countries, growing industrial advancement in the developing economies as well as the escalation of commodities prices on the global market. Thus, the expansion of the manufacturing industry due to the adoption of technologically advanced solution, results in the enhancement of the plant productivity, gain competitive advantage and maintain the edge with the customers. The manufacturers of various products face huge competition with other market players on account of quality, costs, service, and time taken for the overall process.

Logistics Automation Market: Application

The storage and shipping of goods from the point of origin supplier to intermediate and finally to end users in the different locations are all managed by the logistics automation software. This software mainly focuses on the transportation of goods by different modes as well as warehousing management. The companies serve an extensive range of industries by providing innovative software and services to their customers. The highly used outsourced services include warehousing, transportation, freight forwarding, and supply chain, along with several value-added services such as cross-docking, packaging, and shipment consolidation. Based on application, the global logistics automation market is categorized into warehouse management and transportation management.

Logistics Automation Market: Competitive Landscape and Key Developments

Beumer Group, Daifuku Co., Ltd., Dematic (KION Group), Honeywell Intelligrated, KNAPP AG, Mecalux, S.A., Murata Machinery, Ltd., Swisslog Holding AG, TGW Logistics Group, and VITRONIC among others. Several other companies are among the key players in the global Logistics Automation market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Order a Copy of Logistics Automation Market Shares, Strategies and Forecasts 2019-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00005708/

In 2019, Honeywell announced the creation of Honeywell Robotics to help shape the warehouse and distribution center of the future, particularly for companies looking for automated solutions, software and robotics to deliver increased speed, accuracy and throughput in complex material handling environments.

In 2019, Daifuku Co., Ltd. announced acquisition of India-based Vega Conveyors & Automation Private Limited. Vega offers consulting, design, manufacture, installation and after-sales service of conveyors and other material handling equipment within its domestic Indian market.

Browse Related Reports and get Sample copy

Secure Logistics Market to Grow at a CAGR of 7.0% to reach US$ 75.64 billion from 2021 to 2028

Event Logistics Market 2028 By Type, End-user and Geography

FMCG Logistics Market 2028 By Product Type, Service Type and Geography

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. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research:  https://voxbikol.com/author/theinsightpartners/

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/reports/pr/logistics-automation-market

Related Articles