Logistics and Warehouse Automation Market: Trends, Growth Drivers, and Future Outlook

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The global logistics and warehouse automation market is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2021 to 2028. The market size was valued at USD 75.3 billion in 2020 and is expected to reach USD 164.2 billion by 2028. The growing demand for automated solutions in the logistics and warehouse industry is primarily driving market growth.Get Sample at:- https://www.themarketinsights.com/request-sample/301292

Logistics and warehouse automation has become an important part of the supply chain management process for businesses. Automation helps in reducing the time, cost, and errors associated with the manual handling of goods. It has gained immense popularity in recent years due to its ability to streamline operations, increase productivity, and enhance efficiency. This report provides an overview of the logistics and warehouse automation market, including the current trends, market size, growth prospects, and recent developments.

Market Segmentation:-

The logistics and warehouse automation market can be segmented based on the following factors:

  • By Technology: Automated Storage & Retrieval System (ASRS), Automated Guided Vehicle (AGV), Conveyor Systems, Robotics, and Others
  • By Application: E-commerce, Automotive, Food & Beverage, Healthcare, Retail, and Others
  • By Geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

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Recent Developments:

  1. In March 2021, Siemens Logistics announced the launch of a new autonomous mobile robot (AMR) platform called “Simove”. The platform is designed to optimize warehouse logistics and improve supply chain efficiency by automating material handling processes.
  2. In April 2021, Honeywell announced the acquisition of a warehouse robotics company called “AutoGuide Mobile Robots”. The acquisition is expected to enhance Honeywell’s robotics and automation capabilities and strengthen its position in the logistics and warehouse automation market.
  3. In May 2021, Amazon announced the launch of a new “Amazon Robotics” fulfillment center in Louisiana, USA. The fulfillment center is equipped with the latest robotics and automation technologies to streamline warehouse operations and improve order processing times.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

The Asia Pacific region is expected to witness the highest growth rate during the forecast period. This can be attributed to the increasing adoption of automation solutions in the manufacturing and e-commerce industries in the region.

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Key Players:-

  • ABB
  • Omron
  • Amazon
  • Honeywell International
  • Jungheinrich AG
  • KION GROUP AG (Dematic)
  • Kuka Ag (Swisslog)
  • Schneider Electric
  • Siemens AG

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