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Global Logistics Automation Market (2020 to 2026) - Adoption of Autonomous Vehicles and Drones Presents Opportunities

Research and Markets
·7-min read

Dublin, March 31, 2021 (GLOBE NEWSWIRE) -- The "Logistics Automation Market by Component, Function (Warehouse and Storage Management, Transportation Management), Organization Size (SMES, Large Enterprises), Vertical (3PL, Retail and Ecommerce, FMCG, Manufacturing), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global logistics automation market size is projected to grow from USD 48.4 billion in 2020 to USD 88.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.

The logistics automation market is gaining traction due to digital transformation in the logistics industry, emergence of IoT, exponential growth in the eCommerce industry, advancements in robotics, and growing need to ensure workforce safety.

Based on Function, the warehouse and storage management segment is expected to hold a larger market share during the forecast period

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The warehouse and storage management segment is projected to account for a larger market share in 2020 to 2026. The rising need to optimize warehouse spaces and distribution centers is fuelling the importance of warehouse and storage management function. An effective warehouse management system ensures the efficient execution of warehousing operations, such as receiving, slotting, picking, and shipping. This system can process large amounts of data and coordinate movements within the warehouse, which in turn, helps in the efficient management of the supply chain network of a company. Thus, warehouse operating companies are adopting warehouse and storage management solutions to manage inventory by streamlining storage and distribution operations.

Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period

SMEs are focused on the deployment of logistics automation solutions to improve competitiveness and reduce operating costs. Despite the high cost involved in automating logistics processes, the adoption of logistics automation solutions provides long-term RoI. However, due to limited budgets, SMEs are unable to automate logistics processes fully. With advancements in automation technology and intense competition among vendors, the cost of automating warehouses is declining. This, in turn, will enable SMEs to adopt automation solutions and services in the near future. Furthermore, the adoption of cloud-based logistics automation software is expected to rise in SMEs as they require only necessary functions and features for small-scale warehouse operations.

Asia Pacific (APAC) region to record the highest growth in the logistics automation market

North America is expected to hold the largest market share during the forecast period and APAC is expected to grow at the highest CAGR during the forecast period. APAC is transforming dynamically with respect to the adoption of new technologies across various sectors, especially in China, Japan, India, and ANZ. These countries have always supported and promoted industrial and technological growth. Also, they possess a developed technological infrastructure, which is promoting the adoption of logistics automation solutions across all industry verticals. Moreover, the eCommerce companies in the region are investing in improving their supply chain network and logistics processes through the adoption of logistics automation solutions. Global companies are significantly investing in the manufacturing, automobile, retail, and healthcare industries in the region. Further, the expansion of the transportation and logistics industry and the increase in trade agreements are key factors projected to drive the growth of the logistics automation market in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Logistics Automation Market
4.2 Market, by Component
4.3 Market, by Software
4.4 Market, by Service
4.5 Market, by Function
4.6 Logistics Automation Market, by Organization Size
4.7 Market, by Vertical
4.8 Market, by Region
4.9 Market, by Country

5 Market Overview and Market Trends
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Digital Transformation in the Logistics Industry
5.1.1.2 Emergence of IoT
5.1.1.3 Exponential Growth in the Ecommerce Industry
5.1.1.4 Advancements in Robotics
5.1.1.5 Need to Ensure Workforce Safety
5.1.2 Restraints
5.1.2.1 Lack of Uniform Governance Standards
5.1.2.2 High Capital Investment
5.1.3 Opportunities
5.1.3.1 Adoption of Autonomous Vehicles and Drones
5.1.3.2 Increasing Adoption of Industry 4.0
5.1.4 Challenges
5.1.4.1 Lack of Skill and Expertise in Operating Advanced Automated Systems
5.1.4.2 Security and Privacy Concerns
5.2 Case Study Analysis
5.3 Disruptive Technologies
5.3.1 Artificial Intelligence
5.3.2 Internet of Things
5.3.3 Unmanned Aerial Vehicles
5.4 Trade Analysis
5.4.1 Automated Guided Vehicle: Import and Export Data, 2015-2019
5.4.2 Automated Storage and Retrieval Systems: Import and Export Data, 2015-2019
5.4.3 Industrial Robots: Import and Export Data, 2015-2019
5.5 Value Chain Analysis
5.6 Ecosystem
5.7 Porter's Five Forces Model
5.7.1 Threat of New Entrants
5.7.2 Threat of Substitutes
5.7.3 Bargaining Power of Buyers
5.7.4 Bargaining Power of Suppliers
5.7.5 Competitive Rivalry
5.8 Patent Analysis
5.9 Average Selling Price Trend
5.10 COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis
5.10.1 Drivers and Opportunities
5.10.2 Restraints and Challenges
5.10.3 Cumulative Growth Analysis

6 Logistics Automation Market, by Component
6.1 Introduction
6.2 Hardware-Integrated Systems
6.2.1 Hardware Integrated Systems: Market Drivers
6.2.2 Hardware Integrated Systems: COVID-19 Impact
6.3 Software
6.3.1 Software: Logistics Automation Market Drivers
6.3.2 Software: COVID-19 Impact
6.3.3 Warehouse Management System Software
6.3.4 Transportation Management System Software
6.4 Services
6.4.1 Services: Logistics Automation Market Drivers
6.4.2 Services: COVID-19 Impact
6.4.3 Consulting
6.4.4 Implementation
6.4.5 Support and Maintenance

7 Logistics Automation Market, by Function
7.1 Introduction
7.1.1 Function: Market Drivers
7.1.2 Function: COVID-19 Impact
7.2 Warehouse and Storage Management
7.3 Transportation Management

8 Logistics Automation Market, by Organization Size
8.1 Introduction
8.1.1 Organization Size: Market Drivers
8.1.2 Organization Size: COVID-19 Impact
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises

9 Logistics Automation Market, by Vertical
9.1 Introduction
9.1.1 Vertical: Market Drivers
9.1.2 Vertical: COVID-19 Impact
9.2 Manufacturing
9.3 Healthcare and Pharmaceuticals
9.4 Fast-Moving Consumer Goods
9.5 Retail and Ecommerce
9.6 3Pl
9.7 Aerospace and Defense
9.8 Oil, Gas, and Energy
9.9 Chemicals
9.10 Other Verticals

10 Logistics Automation Market, by Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Market Evaluation Framework
11.3 Key Market Developments
11.3.1 Product Launches
11.3.2 Deals
11.3.3 Others
11.4 Market Share Analysis of Top Market Players
11.5 Historical Revenue Analysis
11.6 Company Evaluation Matrix Overview
11.7 Company Evaluation Matrix Methodology and Definitions
11.7.1 Star
11.7.2 Emerging Leaders
11.7.3 Pervasive
11.7.4 Participant
11.8 Company Product Footprint Analysis
11.9 Company Market Ranking Analysis
11.10 Startup/SME Evaluation Matrix Methodology and Definitions
11.10.1 Progressive Companies
11.10.2 Responsive Companies
11.10.3 Dynamic Companies
11.10.4 Starting Blocks

12 Company Profiles
12.1 Major Players
12.1.1 Dematic
12.1.2 Honeywell Intelligrated
12.1.3 SSI Schaefer
12.1.4 Daifuku
12.1.5 Knapp
12.1.6 Swisslog
12.1.7 Murata Machinery
12.1.8 Jungheinrich
12.1.9 Beumer Group
12.1.10 Manhattan Associates
12.1.11 SBS Toshiba Logistics
12.1.12 TGW Logistics Group
12.1.13 System Logistics
12.1.14 Blue Yonder
12.1.15 Oracle
12.1.16 SAP
12.1.17 ABB
12.1.18 Zebra Technologies
12.2 Start-Up/SME Players
12.2.1 Highjump (Korber)
12.2.2 Seegrid
12.2.3 6 River Systems
12.2.4 Locus Robotics
12.2.5 Greyorange
12.2.6 E&K Automation
12.2.7 Eyesee (Hardis Group)
12.2.8 Falcon Autotech

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/kk2j1x

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