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Home»Smart Chain»Logistics automation market worth $52.53 billion by 2029
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Logistics automation market worth $52.53 billion by 2029

November 16, 2024006 Mins Read
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Browse the table of contents in depth at “Logistics Automation Market“

444– Tables
68 – Numbers
422 – Pages

Download the PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83657139

Scope of the report

Report metrics

Details

Market size available for years

2019-2029

Reference year considered

2023

Forecast period

2024-2029

Forecast units

Billions of dollars

Segments covered

By offer, by type of logistics, by technology, by end user.

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Companies covered

KION Group (Germany), Honeywell (United States), Daifuku (Japan), IBM (United States), SAP (Germany), Oracle (United States), ABB (Switzerland), Samsung SDS (South Korea) Manhattan Associates (United States), KUKA Group (Germany), Jungheinrich (Germany), Toshiba (Japan), Toyota Industries (Japan), Zebra Technologies (United States), Kardex Group (Switzerland), Symbotic (United States), KNAPP (Austria), SSI Schaefer (Germany), Blue Yonder (USA), Murata Machinery (Japan), TGW Logistics (Austria), Körber AG (Germany), Beumer Group (Germany), Mecalux International (Spain), Hardis Group (France), JR Automation (United States), Ecovium (Germany), System Logistics (Italy), Automated Logistics Systems (United States), Savoye (United States), Locus Robotics (United States), GreyOrange ( United States), Falcon Autotech (India), Logistically (United States), Logiwa (United States) and Rossum (Czech Republic).

By software deployment mode, cloud is expected to grow at the highest CAGR during the forecast period.

By deployment mode, the cloud segment is expected to grow at the highest CAGR during the forecast period. Cloud-based solutions provide flexibility, scalability and cost-effective management of the complex global supply chain that logistics companies must manage. The advantage of such a solution is that it has access to real-time data, which, in turn, optimizes routes, inventory management and other fleets across different locations without requiring a huge infrastructure on the network on site. Cloud platforms also facilitate integration with other digital tools such as IoT, AI and machine learning, which further helps the process run smoothly and improves decision-making capability. Cloud deployment also allows for easier updates and maintenance. This reduces downtime as well as overhead for IT teams. The growing demand for remote operations and the need for more agile and scalable logistics systems is a powerful driver for the continued dominance of the cloud segment in logistics automation software.

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By automation software, The transportation system management segment is expected to grow at the highest CAGR during the forecast period.

Transportation Management Systems (TMS) is expected to grow at the highest CAGR in the logistics automation market due to the increasing demand for real-time tracking, route optimization, and efficient fleet management. Businesses are adopting TMS due to the increase in online shopping, the interconnected nature of supply chains across the world, and the need to reduce operational costs. Integrating AI, IoT and cloud technology into transportation management systems leads to faster deliveries and better resource utilization. The growing focus on reducing carbon footprint and fuel consumption is leading to the implementation of transportation management systems to automate logistics, thereby improving sustainability.

Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Logistics automation will most likely be the largest market sector in the world. Asia-Pacific region, driven by rapid industrialization, growing e-commerce volumes and increased adoption of advanced technologies in supply chains. Large countries like China, Japan, IndiaAnd South Korea are also leaders in implementing automation solutions to meet the ever-increasing demand for faster and more efficient logistics operations. The region has a large consumer base and the emergence of online retailers has rapidly increased demand for streamlined logistics processes such as automated warehouses, autonomous vehicles and AI-based inventory management systems. Additionally, smart manufacturing and digitalization efforts initiated by the government, primarily in China And Indiaaccelerate the adoption of logistics automation technologies. Asia-Pacific Strong infrastructure development and a drive for innovation as well as investments in automation technologies place this region at the forefront of the global logistics automation market.

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Top Key Companies in Logistics Automation Market:

Leading logistics automation providers include KION Group (Germany), Honeywell (United States), Daifuku (Japan), IBM (United States), SAP (Germany), Oracle (United States), ABB (Swiss), Samsung MSDS (South Korea), Manhattan Associates (United States), KUKA Group (Germany) and Jungheinrich (Germany). These companies have used organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the logistics automation market.

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Access the latest updates on Logistics automation companies And Logistics Automation Industry

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