Information Technology
Logistics Automation Market Size Worth $85.19 Billion, Globally, by 2030 - Exclusive Report by The Insight Partners
Automated solutions are proving to be the best tools for optimizing the efficiency of logistics processes, which indicates that many businesses are installing automated storage and retrieval systems (AS/RS) and automated transportation solutions. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Logistics Automation Market comprises of component, mode of freight transport, application, and end-user industry which are expected to register strength during the coming years.
Competitive Strategy and Development:
Global Headlines on Logistics Automation Market:
The Europe logistics automation market is segmented into Germany , the UK, France , Russia , Italy , and the Rest of Europe . In Europe , the rise in automation is one of the factors driving the logistics automation market growth. Also, constant growth in internationalization is anticipated to provide a considerable rise in opportunity for industry players in this region. This region's highly outsourced logistics services are inventory management, transportation, and warehousing. There is a rise in investment activities in Europe to strengthen the logistics automation market. For instance, according to Bnp Paribas Real Estate, the investment in industrial and logistics rose by 51% in 2021 compared to 2020, with US$ 77.39 billion ( EUR 65 billion ) in investments. In addition, the investment rose to over US$ 30 billion in the first half of 2022. Thus, the growing investment for efficient management in the logistics market will propel the growth for warehouse management systems during the forecast period. This creates the opportunity for the growth of logistics automation market share to meet consumer demand on time.
The Europe logistics automation market is witnessing remarkable growth in industrial and automobile applications. The presence of large automobile manufacturing industries in
Germany has fueled the demand for trade, transportation, and logistics in the country. Furthermore, economically strong countries, such as the UK,
Italy , and Spain , are observing significant development in the implementation of logistics automation solutions for the optimization of supply chains across various end-use sectors, such as healthcare, retail, e-commerce, automobile, and food & beverages, across the region.
Moreover, governments of various countries are investing in automating manufacturing businesses and their business operations in the region. For instance, in July 2021 , the UK government announced an investment of US$ 59.3 million ( GBP 53 million ) to drive the development of digital manufacturing technologies. Out of which, US$ 28.10 million ( GBP 25 million ) will be invested in setting up five new industry-sponsored research centers to accelerate the development of cutting-edge digital solutions that can transform manufacturing businesses. The remaining amount will be invested in a digital supply chain innovation hub and will also be provided to 37 individual projects to digitalize and transform manufacturing supply chains. Moreover, Germany's High-Tech Strategy 2025 (HTS), a German R&D and innovation program, aims to use technological change and research and innovate on topics such as human-robot collaboration. The German government is investing US$ 345 million for five years, which is ~US$ 69 million annually, until 2026 to provide solutions for the more flexible organizing of work processes or the support of mobile work. Thus, the growing government support to boost automation will further boost logistics automation market growth.
Logistics automation is being implemented, and it spans from simple computer automation systems to more sophisticated management programs, which provide enhanced facilities such as monitoring inventory management, order picking, and enhanced dock logistics facilities. The digital changes, particularly those influenced by the penetration of e-commerce, have enabled customers to create an immediate and real-time demand impact on order fulfillment operations. Such real-time demand impact, coupled with the emerging multichannel distribution support business model, is expected to drive the demand for highly adaptive and scalable logistics automated systems, fueling the growth of the logistics automation market. In addition, the supply chain industry has been undergoing a constant transformation, substantially impacting the fundamentals of warehousing and distribution. The growing trend of digitalization and technological changes is fueling the penetration of e-commerce, leading to the demand for an impactful, immediate, and real-time order fulfillment process which is further fueling the market growth globally.
The report from The Insight Partners, therefore, provides several stakeholders—including component providers, system integrator, system manufacturers and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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