North America Leads the Global Logistics Automation Market with $13.2 Billion in Revenue, Asia-Pacific to Experience High Growth

News provided by

Jul 20, 2023, 10:30 ET

DUBLIN, July 20, 2023 /PRNewswire/ -- The "Logistics Automation: Global Market Outlook" report has been added to ResearchAndMarkets.com's offering.

The report offers a comprehensive overview of the global logistics automation market, analyzing its size, key trends, growth drivers, challenges, and competitive landscape. It also provides valuable insights into the strategies and products of major players in the market.

The report covers the period from 2023 to 2028, with 2022 as the base year. It presents estimated market data and revenue forecasts segmented by component, function, and industry. The analysis provides valuable information for businesses and investors looking to understand the current and future state of the logistics automation market.

The global logistics automation market has witnessed significant growth in recent years, driven by the increasing demand for efficient and streamlined supply chain operations. Logistics automation incorporates technologies such as robotics, artificial intelligence (AI), machine learning, and the Internet of Things (IoT) to optimize various aspects of logistics and supply chain management. By automating processes in warehousing, transportation, inventory management, and order fulfillment, businesses can enhance productivity, reduce costs, and improve accuracy.

Key Findings of the Report:

Market Size and Revenue Forecast: The global logistics automation market was valued at $33.1 billion in 2022. The report projects the market to reach $64.2 billion by 2028, indicating a compound annual growth rate (CAGR) of X% during the forecast period.
Component Analysis: The market is segmented based on components into hardware, software, and services. The hardware segment dominates the market, accounting for a significant share in terms of revenue. Major companies in this segment include Barco, Baxter International Inc., Canon Medical Systems Corp., Conmed Corp., Ge Healthcare, Getinge Group, Hill-Rom Holdings Inc., Karl Storz GmbH & Co. Kg, Koninklijke Philips N.V., Leica Microsystems, Mizuho Osi, Nds Surgical Imaging LLC, Olympus Corp., Siemens Healthineers, Skytron LLC, Smith & Nephew plc, Sony Medical Systems, Steris Corp., Stryker, and Toshiba Medical Systems Corp.
Function Analysis: The logistics automation market is categorized based on functions into warehouse and storage management and transportation management. Warehouse and storage management holds the largest market share, driven by the need for efficient inventory management and order fulfillment.
Regional Analysis: The market is segmented into North America, Europe, Asia-Pacific, and Rest of World (RoW). North America leads the global logistics automation market, with a significant share attributed to the presence of leading global companies and advanced technology infrastructure. Key players in this region include Baxter International Inc., Canon Medical Systems Corp., Hill-Rom Holdings Inc., Smith & Nephew Plc, Stryker Corp., and Steris Corp. Asia-Pacific is expected to witness high growth during the forecast period, driven by increasing industrialization and adoption of advanced technologies.

The report includes valuable market insights, such as historic revenue data for 2022, estimated market size for 2023, forecasts for 2024, and projected compound annual growth rates (CAGRs) through 2028. It also provides a detailed analysis of major growth drivers, challenges, technology updates, and macroeconomic variables influencing the logistics automation market. Furthermore, the report offers profiles of key players operating in the market, enabling readers to gain a comprehensive understanding of the competitive landscape.

Key Topics Covered:

Chapter 1 Market Outlook

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Market Dynamics

Market Drivers
Growing Adoption of Industry 4.0 Technology
Growth in E-Commerce
Reduction in Operational Cost and Improved Efficiency
Market Restraints
Limited Standardization
High Initial Investment
Security and Data Privacy Concerns
Market Opportunities
Advancement of Autonomous Vehicles and Drones
Implementation of Artificial Intelligence and Machine Learning

Chapter 5 Emerging Technologies and Developments

Overview
Key Emerging Technologies
Artificial Intelligence (Ai)
Internet of Things (Iot)
Blockchain
Robotics
Big Data and Data Analytics
Cloud Computing
Autonomous Vehicles
Elastic Logistics
Last-Mile Delivery

Chapter 6 Market Breakdown by Component, Function and Industry

Logistics Automation Market, by Component
Hardware
Software
Services
Market Size and Forecast
Logistics Automation Market, by Function
Warehouse and Storage Management
Transportation Management
Market Size and Forecast
Logistics Automation Market, by Industry
Manufacturing
Health and Pharmaceuticals
Fast-Moving Consumer Goods (Fmcg)
Retail and E-Commerce
Automotive
Others
Market Size and Forecast

Chapter 7 Market Breakdown by Region

Overview
North America
Europe
Asia-Pacific
Rest of the World

Chapter 8 Competitive Landscape

Overview
Key Players Market Share Analysis
Recent Key Developments

Chapter 9 Company Profiles

Chapter 10 Project Scope and Methodology

For more information about this report visit https://www.researchandmarkets.com/r/hkakcp

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets