Published Date: 6-Apr-2021
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According to a new report Global Logistics Automation Market, published by KBV research, The Global Logistics Automation Market size is expected to reach $82.3 billion by 2026, rising at a market growth of 12.4% CAGR during the forecast period.
The transportation management segment would develop at a higher growth rate in comparison to the warehouse & storage management segment over the forecast years. The need to confirm timely delivery of goods and decrease transportation prices is one of the major aspects expected to boost the development of the transportation management segment.
The Warehouse Management System (WMS) Software market dominated the Global Logistics Automation Market by Software Type 2019, growing at a CAGR of 11.7 % during the forecast period. The Transportation Management System (TMS) Software market is expected to witness a CAGR of 14.8% during (2020 - 2026).
During the past decade, industrial automation in Europe has been observing a surge in the adoption rate with enterprises and industries are putting heft investments on the latest technologies. Europe is presently dominating Fourth Industrial Revolution (known as 4IR), with several industry domains putting funding in machine learning, automation, and IoT systems to enhance performance. The increase in the automation rate of warehouse automation in this region is majorly boosted by the quick development of e-commerce and retail funding.
APAC would exhibit maximum growth rate during the forecast period. The region is drastically changing regarding the adoption of the latest technologies across several industries, particularly in Japan, China, India, and ANZ. These economies have always complimented and encouraged industrial and technological developments. Moreover, they have an advanced technological framework, which is supporting the adoption of logistics automation solutions across every industry domain. In addition, the e-commerce platforms in the region are putting heavy investments in enhancing their supply chain network and logistics processes with the help of the adoption of logistics automation solutions.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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