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Statistical Trade Analysis and Forecast for Logistics Automation Market (2024-2031) | Jungheinrich AG, TGW Logistics Group GmbH, Toshiba Logistics.
Logistics Automation Market
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What is the projected growth rate (CAGR) of the Global Logistics Automation market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Logistics Automation Market is expected to grow at a CAGR of 14% during the forecast period (2024-2031).
What is Logistics Automation Market?
Logistics automation refers to the use of technology and software to automate various processes within the logistics and supply chain management sectors. This includes automating tasks such as order processing, inventory management, warehousing, transportation, and shipping. By implementing robotics, artificial intelligence, and advanced software solutions, companies can streamline operations, reduce human error, and improve efficiency. Key benefits of logistics automation include faster order fulfillment, enhanced accuracy in inventory tracking, cost reductions through optimized resource utilization, and improved data analytics for better decision-making. As e-commerce continues to grow, logistics automation has become increasingly vital for businesses seeking to meet consumer demands and maintain a competitive edge in the market.
Key Players:
Profiles of some of the major players in the global Logistics Automation market, which include:
Jungheinrich AG, TGW Logistics Group GmbH, Toshiba Logistics, Dematic Corp, and Wisetech Global. Other key players in the market include Falcon Autotech, System Logistics SPA, SSI Schaefer, Murata Machinery, and Honeywell Intelligrated.
Industry Development:
In June 2019, Amazon Robotics Vice President Brad Porter unveiled two innovative robots aimed at enhancing automation within the company's fulfillment centers. The new robot, Xanthus, signifies a significant redesign of Amazon's primary robots, which have been central to its operational strategy since the acquisition of Kiva Systems in 2012. A key feature of Xanthus is its modularity, enabling the in-house robotics team to develop tailored solutions for various warehouse tasks using a consistent base system. This modular approach allows for increased flexibility and customization, positioning Amazon to optimize its logistics and fulfillment processes further, similar to advancements seen with competitors like Fetch.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Logistics Automation market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Organization Size: Large Size, Small & Medium Size.
By Component: Storage and Warehouse Management, Transportation Management.
By Vertical: Food & Beverage, Defense and Aerospace, Healthcare & Pharmaceuticals, Automotive, Manufacturing, Oil, Gas & Energy and others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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