Technology & Telecommunications

According to a market report by Lucintel, the future of the global logistics automation market looks promising with opportunities in the retail & e-commerce, manufacturing, healthcare & pharmaceutical, food & beverage, automotive, aerospace & defense, and chemical markets. The global logistics automation market is expected to reach an estimated $109.0 billion by 2028 with a CAGR of 10.1% from 2023 to 2028. The major drivers for this market are growing consumer desire towards online shopping, rising adoption of robots to improve logistic operations, and increasing penetration of automated guided vehicles in storage as well as warehouse facilities.



In this market, inventory management, order management, yard management, shipping management, labor management, vendor management, and customer support are the different segments of logistics automation market by software application.



Lucintel forecasts that inventory management will remain the fastest growing segment over the forecast period because it helps the companies to identify the quantity and types of stock for timely order, thus helps in increasing the efficiency and offering real-time visibility intro inventory levels.



Within this market, retail & e-commerce will remain the largest segment due to increasing utilization of logistics automation solutions to meet the growing number of orders and shipments as this solution helps in improving the reliability and ensures timely delivery.



North America will remain the highest growing region over the forecast period due to the existence of several logistics automation solution providers along with increasing government initiatives to promote strong and modern infrastructure in this region.



Dematic, Daifuku, Swisslog Holding, Honeywell International, Jungheinrich, Murata Machinery, Knapp, TGW Logistics, Kardex Group, Mecalux, and Beumer Group are the major suppliers in the global logistics automation market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global logistics automation market by component, logistics type, software application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Logistics Automation Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global logistics automation market by component, logistics type, software application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global logistics automation market by component (hardware, software, and services), logistics type (sales logistics, production logistics, recovery logistics, and procurement logistics), software application (inventory management, order management, yard management, shipping management, labor management, vendor management, customer support, and others), end use industry (retail & e-commerce, manufacturing, healthcare & pharmaceuticals, food & beverages, automotive, aerospace & defense, chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?