The global logistics automation market is growing at 10.8% CAGR over the forecast period owing to the adoption of digital platforms in the logistics industry, emergence of IoT, the advent of network-connected systems, tremendous growth in eCommerce industry, development of robotics, and rising need to have workforce safety.

Nevertheless, the adoption of autonomous vehicles and drones plays an important role in the logistics processes. Companies like Google and Telsa have made driverless vehicles and Amazon and UPS are investing in the development of flying drones and automating the delivery processes.

The COVID-19 outbreak has been adversely affected the logistics automation industry as there is a disruption in supply chain management and a lack of labor force. Nevertheless, the leveraging of automated systems will revamp the companies’ operations, driving the growth of the logistics automation market.

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Based on components, warehouse & storage management is anticipated to have significant growth owing to the significant growth in the retail market and increasing production will create the demand for efficiently managed warehouses. The transportation management segment dominates the market owing to the mounting e-commerce business globally, resulting in the rising demand for more fleets to deliver the goods.

Asia-Pacific is anticipated to have a high CAGR during the forecast period as the region is adopting advanced technologies in various sectors. The advancement of technological infrastructure, increasing eCommerce companies’ investment in enhancing supply chain network and logistics processes will accelerate the growth of the logistics automation market in the region.

The prominent players in the logistics automation industry 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.

Source: VynZ Research