The global logistics automation market is expected to grow at a significant rate during the forecast period (2018 – 2024). The adoption of driverless vehicles and drones are performing significant role towards the growth of the global market. Logistics automation is an application of automation software that helps the enterprises in improving effectiveness of logistics procedures.
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The major factors that are hampering the growth of the logistics automation market includes lack of uniform governance standards and huge capital investment required. Furthermore, lack of required skills for operating automation in logistics along with safety and security issues related to logistics is expected to further hinder the growth the market across the globe.
Geographically, logistics automation market in North America contribute the largest revenue, globally and is further expected to witness high growth during the forecast period. The growth of logistics automation market in this region is due to existence of large enterprises that are persistently utilizing logistics automation solutions for improving supply chain methods which includes transportation, manufacturing and assembling of products.
Moreover, it has been observed that economic growth of the U.S., Canada and Mexico has aggravated investment avenues in the logistics automation market in North America. Furthermore, the Asia-Pacific market is predicted to witness highest CAGR during the forecast period due to increasing demand for automated material hold systems from various warehouses and manufacturing industries. Additionally, enlargement of logistics and transportation segment in Asia Pacific is another factor pertaining towards the growth of logistics automation market in this region.
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The logistics automation market is fragmented and the key players operating in this market includes 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.
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