The application which improves the efficiency of logistics operations is called Logistic Automation Market. It can be applied to the operations which are to be performed in a warehouse or distribution center with minimal human intervention.
It is the greatest opportunity for progress in modern supply chain management. Logistic Automation Market helps an organization to reduce inefficiency, optimize available resources and dramatically scale the operations.
Benefits of the Global Logistics Automation Market:
- Access to data analysis and loading in real-time. You can make better business decisions when you have access to load data and the ability to run reports.
- Reduced errors can lead to high costs. There are many mistakes in manual data entry that can lead to higher shipping costs.
- Control of the organization. These systems can be adaptable to company business rules but powerful enough to force everyone, internal and external, to follow policies that will ensure profitable and efficient shipping.
- You can track your cargo, auto pick up, and insurance status in real-time. This will improve customer service.
- Speed and scalability. The software allows for easy entry and management of warehouses. All transport invoices can easily be combined into one weekly invoice, regardless of how many shipments are in each location.
The Global Logistics Automation Market Forecast:
The market for logistics automation is projected to grow at a CAGR of 10.4% over the forecast period 2020 to 2027.
The market for Logistics Automation is growing rapidly due to increasing demand for the reduction in human resources, tremendous growth in the e-commerce platform, and increasing automation operation. This is coupled with the advancement in technology and the tendency towards cutting down on overall operating expenses by warehouse management and logistics providers.
This report provides insights and analysis regarding the market for logistics automation. It also identifies the factors that will be most prevalent during the forecasted time period, as well as their impact on market growth.
Logistics automation is the application of advanced automation technology and machinery in the logistics industry. This program aids in the development of logistics activities. The network includes multiple types of equipment, such as vertical lift modules, automated storage, retrieval, automated guided vehicles, software, and services, etc.
The e-commerce market is expanding rapidly, IoT is developing quickly, and advanced technology in robotics is driving the growth. There are two major obstacles in the logistic automation market, low consistency in the government standards and huge capital investments. Assuring the safety of workers is an opportunity. The logistics automation market faces many challenges, including a low supply of skilled workers.
The Market Trend and Dynamics of the Global Logistics Automation Market –
Warehouse Management to Occupy Large Share.
The majority of resource consumption is caused by warehouse operations. Warehouse robots are expected to grow in popularity as companies seek new ways to reduce costs and improve efficiency. Alibaba, the largest retailer in the world, has made robotic labor a standard part of one of its warehouses. This has allowed for the creation of a highly skilled workforce and drastically reduced the labor force by 70%.
In small and medium warehouses, mobile robots are seeing a lot of growth. The industrial applications of large warehouses for food and beverage demand are dominated by articulated and palletizing robotics. As per the survey done by the Association for Packaging and Processing Technologies, It is found that 94% of food Packaging Operations have already been using Robotics. Half of the respondents stated that they plan to increase automation over the next three to five years.
Processing and packaging plants can now introduce new products to the same production lines thanks to an increase in automation. One in five processing and packaging plants currently handles more than 100 product types. The majority of these plants expect this number to grow over the coming years. This has helped warehouses to keep pace with developments in manufacturing and make logistics seamless. This helps to eliminate or reduce any risk that could lead to a bottleneck situation.
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The Key Market Segmentation of the Global Logistics Automation Market:
This market can be divided into components, Organization Size, Verticals, Country, etc.
Logistics Automation Market, By Component:
- Hardware
- Software : (Warehouse Management System (WMS) software, Transportation Management System (TMS) software)
Logistics Automation Market, By Function:
- Warehouse and Storage Management
- Transportation Management
Logistics Automation Market, by Organization size:
- SMEs
- Large Enterprises
Logistics Automation Market, By End-User:
- Retail & E-Commerce
- Automotive
- Food & Beverage
- Logistics & Transportation
- Others
Logistics Automation Market, By Geography:
- North America
- Europe
- Asia Pacific
- Rest of the world
The Key Players in the Global Logistics Automation Market:
Major Players Are-
- Honeywell Intelligrated
- Knapp AG
- Beumer Group
- TGW Logistic Group GmbH
- Murata Machinery Ltd
The Covid-19 Impact Analysis:
The spread of the COVID-19 pandemic in the US is affecting logistics and supply chain operations, particularly in the North American region.
The major industries most affected by the COVID-19 epidemic in North America are retail, industrial goods, and consumer goods. Businesses will be affected by disruptions in supply chains both over the long term and short term.
The Supply Chain Media survey found that the COVID-19 pandemic has clearly affected supply chains for almost all European manufacturers, wholesalers, and retailers. 78% are suffering a short-term negative impact. However, 17% are experiencing positive effects, and 5% are not affected in any way.
The Global Logistics Automation Market Report Highlights:
The growth of the Logistic Automation Market is due to digital transformation within the logistics industry, the emergence IoT, exponential expansion in the e-commerce sector, robotics advancements, and the growing need for worker safety.
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