The Asia Pacific Logistics Automation Market would witness market growth of 14.1% CAGR during the forecast period (2020-2026). The major application of logistics robots is mobile automated guided vehicles (AGVs), which are implemented in warehouses and storage units for the purpose of transferring goods.
They operate in pre-determined pathways, for shipping and storing the products in various pallets in the warehouses. AGVs aids in cutting down the overall price of logistics and simplify the supply chain effectively.
The booming e-commerce sector boosts the development in the logistics automation market. With a surge in internet penetration around the world, enabling people to get access to their online transactions, the e-commerce sector would develop quickly. It will, thus, augment the demand for logistics automation. Rising demand for IoT and other connected devices would supplement the logistics automation market over the forecast years. In order to enhance communication and automation, IoT plays a crucial role in companies to allow warehouses to become more effective and cost-efficient. Moreover, to avoid losses and alleviate threats associated with the transportation of goods, the advent of IoT technology for logistics management has assisted enterprises to monitor material deliveries and control private goods.
Mobile robots are observing high growth in small and medium warehouses with small pallet sizes. However, the industrial applications in big warehouses committed to food and beverage demand organized and palletizing robots. The development in overall automation levels enables processing and packaging units to launch new products on the same assembly lines. Additionally, one in every five packaging and processing units is already dealing with above 100 product kinds, with many anticipating this number to rise in the upcoming years. These objectives have further caused warehouses equalling the enhancements in manufacturing sectors and making logistics streamline. It helps in eliminating or alleviating any threat that can result in any deadlock situation.
The China market dominated the Asia Pacific Small & Medium Enterprises Logistics Automation Market by Country 2019, growing at a CAGR of 13.8 % during the forecast period. The Japan market is showcasing a CAGR of 15.4% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 16.6% during (2020 - 2026).
The Third Party Logistics (3PL) market dominated the Singapore Logistics Automation Market by End User 2019, thereby, achieving a market value of $431.8 million by 2026. The FMCG, Retail & eCommerce market is experiencing a CAGR of 15.8% during (2020 - 2026). The Manufacturing market is estimated to witness a CAGR of 18% during (2020 - 2026). Additionally, The Oil, Gas & Energy market is expected to witness a CAGR of 18.2% during (2020 - 2026).
Based on Function, the market is segmented into Warehouse & Storage Management and Transportation Management. Based on Component, the market is segmented into Hardware, Software and Services. Software segment is further categorized across Warehouse Management System (WMS) Software and Transportation Management System (TMS) Software. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Third Party Logistics (3PL), FMCG, Retail & eCommerce, Manufacturing, Oil, Gas & Energy, Aerospace & Defense, Chemicals & Pharmaceuticals and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Logistics Automation Market in Asia Pacific is expected to register a CAGR of 14.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kion Group, Honeywell International, Inc., Daifuku Co., Limited, Knapp AG, Kuka AG, Murata Manufacturing Co., Ltd., Oracle Corporation, BEUMER Group GmbH & Co. KG, Manhattan Associates, Inc., and SSI Schaefer Group.
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