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2024 Logistics Automation Market Report

As per Straits Research, the global Logistics Automation Market size was valued at USD 58.05 Billion in 2022. It is projected to reach from USD XX Billion in 2023 to USD 139.14 Billion by 2031, growing at a CAGR of 10.2% during the forecast period (2023u20132031).

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2024 Logistics Automation Market Report

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  1. Logistics Automation Market Overview The global logistics automation market is experiencing significant growth, driven by increasing demand for efficient and cost-effective logistics operations. As per Straits Research, the global Logistics Automation Market size was valued at USD 58.05 Billion in 2022. It is projected to reach USD 139.14 Billion by 2031, growing at a CAGR of 10.2% during the forecast period (2023–2031). Request a free request sample (Full Report Starting from USD 995) :https://straitsresearch.com/report/logistics-automation- market/request-sample

  2. Market Segmentation By Component By Function By Logistics Type Hardware, Software, Services Inventory & Storage Management, Transportation Management Sales Logistics, Production Logistics, Recovery Logistics, Procurement Logistics

  3. By Component (Hardware, Software, Services) Hardware Software 1 2 Includes automated guided vehicles (AGVs), robots, conveyors, and other physical equipment. Provides the control and management systems for automated logistics processes. Services 3 Offers installation, maintenance, and support services for logistics automation solutions.

  4. By Function (Inventory & Storage Management, Transportation Management) Inventory & Storage Management Transportation Management Focuses on optimizing inventory levels, warehouse space utilization, and order picking efficiency. Covers route planning, vehicle scheduling, and real-time tracking of goods in transit. Get Detail Market Segmentation @ https://straitsresearch.com/report/logistics- automation-market/segmentation

  5. By Logistics Type (Sales Logistics, Production Logistics, Recovery Logistics, Procurement Logistics) Sales Logistics Focuses on the distribution and delivery of goods to customers. Production Logistics Manages the flow of materials and products within a manufacturing facility. Recovery Logistics Deals with the reverse flow of goods, such as returns, repairs, and recycling. Procurement Logistics Involves sourcing raw materials and components from suppliers.

  6. By Organization Size (Large Enterprises, Small & Medium Enterprises) Large Enterprises 1 Typically have more resources and complex logistics operations, making them prime adopters of automation. Small & Medium Enterprises 2 Increasingly adopting automation solutions to improve efficiency and compete with larger companies.

  7. Market Drlvers and Restralnts Rlslng E-commerce Labor Shortages The rapid growth of online shopping fuels the demand for faster and more reliable logistics. Automation helps address labor shortages and reduce reliance on manual processes. Cost Optlmlzatlon Hlgh Inltlal Investment Automation can significantly reduce labor costs and improve overall efficiency. The cost of implementing automation solutions can be a barrier for some companies.

  8. Reglonal Analysls North Amerlca 1 A major hub for logistics automation due to the presence of large e-commerce companies and advanced technology infrastructure. Europe 2 Significant growth potential driven by a focus on efficiency and sustainability in logistics. Asla-Paclflc 3 Rapidly developing economies and increasing adoption of automation in manufacturing and retail sectors.

  9. Competitive Landscape Amazon KUKA Robotics Siemens A global leader in e-commerce and logistics automation, investing heavily in robotics and warehouse technology. A leading provider of industrial robots and automation solutions, including those for logistics applications. A global technology powerhouse offering a wide range of automation solutions for various industries, including logistics.

  10. Ke× Pa×e«¯ aˆd S·«a·egle¯ S·«a·eglc Pa«·ˆe«¯hl¨¯ Re¯ea«ch & DeÐe¨‡eˆ· 1 2 Collaborating with technology providers, software developers, and logistics service providers to enhance automation capabilities. Continuously investing in innovation to develop cutting- edge automation technologies. Ma«}e· EÖ¨aˆ¯lˆ C¼¯·‡e« Fc¼¯ 3 4 Expanding into new geographies and targeting emerging markets with high growth potential. Providing tailored automation solutions to meet the specific needs of different industries and businesses.

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