Market Analysis Report on International Logistics Automation Market Forecast the Income to Attain USD 133 Bn Measurement By 2030, Rising at a CAGR of 10.7% from 2022 to 2030 – Unique Report By Acumen Analysis and Consulting

Acumen Research and Consulting

Acumen Analysis and Consulting

Acumen Analysis and Consulting just lately revealed report titled “Logistics Automation Market Measurement, Share, Evaluation Report and Area Forecast, 2022 – 2030”

OSAKA, Japan, June 21, 2022 (GLOBE NEWSWIRE) – The International Logistics Automation Market dimension was valued at USD 55 Bn in 2021 and is estimated to achieve USD 133 Bn by 2030, with a big CAGR of 10.7% from 2022 to 2030.

The exponential progress of the ecommerce business is likely one of the international logistic automation market traits which is driving up the business demand. After the pandemic struck late within the first quarter of 2020, e-commerce gross sales elevated by practically 32% within the second quarter. In keeping with the US Division of Commerce, first-quarter gross sales of US $ 154.6 billion elevated to US $ 203.8 billion within the second quarter because the pandemic gained traction. Consequently, e-commerce gross sales had elevated to $ 215 million in Q1 2021, a greater than 39 p.c improve over the identical quarter in 2020.

Because the COVID-19 epidemic spreads throughout the US, provide chain and logistics operations are considerably impacted, notably within the North America area. Retail, shopper items, and industrial items are just some of the important thing industries in North America which were severely impacted by the COVID-19 outbreak.

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Market

Logistics Automation Market

Market Measurement in 2021

USD 55 Bn

Market Forecast 2030

USD 133 Bn

CAGR Throughout 2022 – 2030

10.7%

Evaluation Interval

2018 – 2030

Base Yr

2021

Forecast Knowledge

2022 – 2030

Segments Lined

By Element, By Operate, By Group Measurement, By Business Vertical, And By Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Center East & Africa

Key Firms Profiled

Daifuku Co., Ltd, Dematic Corp., Honeywell Intelligrated, Inc., Knapp AG, Jungheinrich AG, Mecalux, SA, Murata Equipment, Ltd, SSI Schaefer LLC, Swisslog Logistics, Inc., Toshiba Logistics Company, and Vitronic Machine Imaginative and prescient, Ltd .

Report Protection

Market Tendencies, Drivers, Restraints, Aggressive Evaluation, Participant Profiling, Regulation Evaluation

Customization Scope

10 hrs of free customization and knowledgeable session

International Logistics Automation Market Development Components

The rising adoption of business 4.0 is likely one of the key elements driving the expansion of the worldwide logistics automation market. The digitalization of a number of processes, in addition to the widespread adoption of applied sciences corresponding to block chain, the Web of Issues (IoT), augmented actuality, and synthetic intelligence (AI), is anticipated to result in paradigmatic modifications in logistics and worldwide transportation. sectors within the coming years, creating new alternatives for individuals who can affect these applied sciences and widening gaps with sectors that fail to adapt to the brand new coexistence.

As well as, developments in robotics applied sciences are additionally fueling the market demand. Robots are utilized to effectively and rapidly transfer issues from one location to a different. They remove the necessity for guide involvement in quite a lot of actions corresponding to materials dealing with and warehousing by automating laborious, uninteresting, and harmful duties. Then once more, the growing penetration of AI, IoT, massive knowledge, and machine studying applied sciences is likely one of the key facets that can flourish the logistics automation sector with a number of progress prospects. Nonetheless, the dearth of standardization and the requirement of excessive capital funding are a few of the facets which are hindering the market to develop with substantial fee.

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International Logistics Automation Market Segmentation

The logistics automation market is split into 5 classes: element, operate, group dimension, business vertical, and geography. Primarily based on parts, the logistics automation market is split into {hardware}, software program, and providers. Primarily based on our evaluation, the {hardware} phase achieved a considerable market share in 2021.

By operate, the market is bifurcated into warehouse and storage administration and transportation administration. Giant enterprises and SMEs are the splits of group dimension phase. Giant enterprises accrued a bigger share within the group dimension in the course of the forecast interval. Nonetheless, the small and medium enterprises rising give attention to automation to streamline their course of can be anticipated to spice up the demand for the logistics automation business within the coming years.

The business vertical phase is categorized as 3PL, aerospace and protection, chemical compounds, fast-moving shopper items (FMCG), healthcare and prescribed drugs, manufacturing, oil, gasoline, and vitality, and retail and eCommerce. Amongst them, retail and eCommerce are one of many main industries that require logistics automation as a course of. With automated e-commerce techniques, retailers can improve order achievement velocity, enhance order accuracy, and successfully administer an ever-increasing variety of stock-keeping items. Order achievement charges may be 5 instances quicker than with guide techniques.

Logistics Automation Market Regional Stance

North America, Asia-Pacific, Latin America, Europe, and the Center East & Africa are the market’s regional segments. Primarily based on areas, North America accounted for almost all of the shares in 2021 as a result of presence of retail and ecommerce giants. As well as, the early adoption of applied sciences, first rate presence of tech giants, and elevated give attention to automation throughout industries are additionally supporting the North American market. Europe, then again, gained the second highest market share within the worldwide logistics automation business owing to the presence of quite a few key gamers within the area, corresponding to Knapp AG and Swiss log. Nonetheless, the Asia-Pacific area is prone to attain the quickest progress fee all through the forecast interval 2022 – 2030. The excessive progress within the area is attributed to the rising e-commerce business, rising inhabitants, and growing give attention to the fast adoption of automation expertise in industries corresponding to transportation, retail, and manufacturing, amongst others.

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Main Gamers

The logistics automation business entails many key gamers. The highest gamers offered within the report embody Daifuku Co., Ltd, Dematic Corp, Honeywell Intelligrated, Inc., Knapp AG, Jungheinrich AG, Mecalux, SA, Murata Equipment, Ltd, SSI Schaefer LLC, Swisslog Logistics, Inc., Toshiba Logistics Company, and Vitronic Machine Imaginative and prescient, Ltd.

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