Logistics Automation Market See a Long Runway for Growth of Worth USD 85.9 Billion by 2023

The logistics landscape is clearly transforming - almost ready to take on all the uncertainties and demanding challenges that it faces on a regular basis. Technology is clearly on the road to delivering the logistics world a super smooth and sleek ride into the future.

Dallas, United States - October 9, 2018 /MarketersMedia/ —

The logistics automation market is expected to reach USD 85.9 billion in 2023 from USD 43.9 billion in 2017, witnessing a CAGR of 12.1%, during the forecast period 2018 - 2023.

Logistics automation is the application of computer software and/or automated machinery to improve the efficiency of logistics operations. It refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain management systems and enterprise resource planning systems. A logistics automation system compliments the facilities provided by higher level computer systems.

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Changes due to economic development, enhancement of disposal income, affordability, and buying a pattern of customers has led to the growth of the logistics automation market. The increasing affordability is, thereby, raising expectations for better services, in terms of product portfolio, delivery time, and cost, which in turn is increasing the demand for logistics automation as it can increase the efficiency of warehousing and transportation.

The exponential growth of the e-commerce industry and the emergence of cloud-based technologies and IoT are boosting the growth of the logistics automation market, while high capital investment and lack of skilled personnel are restraining the growth of the market.

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Exponential Growth of the E-Commerce Industry is driving the Logistics Automation Market

The era of digitalization has increased internet penetration in the recent years. The exposure to the internet has raised the desire for luxury among people. In the recent years, people started spending more on luxury and comfort. E-commerce provides a wide variety of products and services over the internet and the flexibility to shop at any time from any place. This flexibility has increased people’s interest in e-commerce. Increasing demand for e-commerce is bolstering the demand for packaging and transportation. In order to manage the transportation from several places and deliver orders on-time and meet customer expectations, organizations are paying attention to the benefits of logistics automation and are investing in it. Thus, investments in logistics automation due the expanding e-commerce industry are driving the market.

Asia-Pacific to be the Major Region for Logistics Automation Market , Over the Forecast Period

Asia-Pacific has witnessed an exponential growth in the logistics automation market in the recent years, which is estimated to continue over the forecast period. The increasing demand for automated machine handling solutions from manufacturing industries and warehouses, to provide customers with improved service efficiency, is boosting the market in the region. The increasing adoption of logistics automation solutions by enterprises in emerging economies, such as India and China, is driving the growth of the logistics automation market in the Asia-Pacific region. Developing countries, like China, India, Japan, Australia, and South Korea are majorly contributing to a significant growth of the market in this region.

Key Developments in the Logistics Automation Market

Dec 2017: Mecalux planned to install an automated warehouse for pallets in Cosmopak’s Logistics center, a cosmetics product maker and packager, located in the northern Portuguese city of Ovar.
Feb 2018: Muratec planned to acquire all of the issued stock of AGVE AB of Goteborg Sweden (AGVE), a leading manufacturer of Automated Guided Vehicle (AGV), from the existing shareholders.
Logistics Automation Market Key Players:

Dematic Corp.
Daifuku Co. Ltd
Swisslog Holding Ltd
Honeywell Intelligrated
Murata Machinery Ltd
Knapp AG
Jungheinrich AG
SSI Schaefer LLC
Mecalux, S.A
Vitroinc
Beumer Group
TGW Logistics Group GmbH
Toshiba Infrastructure System
Solutions Corporation
Reasons to Purchase Logistic Automation Market Report

Understand the impact of e-commerce on the logistics automation market
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
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Companies Mentioned:

Dematic Corp.
Daifuku Co. Ltd
Swisslog Holding Ltd
Honeywell Intelligrated
Murata Machinery Ltd
Knapp AG
Jungheinrich AG
SSI Schaefer LLC
Mecalux, SA
Vitroinc
Beumer Group
TGW Logistics Group GmbH
Toshiba Infrastructure System and Solutions Corporation

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