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Global Logistics Automation Market to grow at a CAGR of 13.2% During 2021-2026, Driven by Deployment in the Food and Beverage Industry

According to a new report by EMR titled, ‘Global Logistics Automation Market Report and Forecast 2021-2026’, the market attained a value of about USD 51.20 billion in 2020. The industry is further expected to grow at a CAGR of 13.2% in the forecast period of 2021-2026 to reach a value of nearly USD 107.70 billion by 2026.

Technological innovations around the world are increasingly being deployed in nearly every sector, including the food and beverage industry. Technological innovations such as material handling automation and advanced order picking technologies are being used to assist companies compete in the food and beverage industry. In addition, due to the rising demand for packed and canned foods, owing to the busy lifestyles, the industry demand for automation in packaging and transportation is further strengthening the market for logistics automation. The most popular hardware components deployed in the food and beverage industry are automated storage and retrieval systems (AS/RS), and order picking systems, coupled with software like voice commands by artificial intelligence (AI) to boost productivity. Furthermore, with the outburst of the coronavirus pandemic, the worldwide demand for consumables that are free from human intervention are propelling the industry growth for logistics automation. Additionally, in the presence of e-commerce websites like Amazon, automation in logistics is required to keep track of the inventory level, reduce costs, and boost productivity, thus aiding the industry growth.

Magaya Corporation, a global leader of logistics and supply chain software, recently announced that the company has acquired Qwyk, an industry-leading, cloud-based digital freight forwarder platform, and SimpliShip, a freight marketplace platform, in September 2021. The double acquisition is aimed at providing an optimising customer experience for multimodal freight, providing access to live data through an easy-to-use customer portal. The Qwyk platform provides a customisable, white-label, customer-facing portal with an interactive user interface to enhance the user experience. Hence, with technological integrations, the market demand for logistics automation is anticipated to be deployed in various end-use industries in the coming years. Thus, the market demand is expected to be augmented by such expansions over the forecast period.

Market Analysis by Component, End-Use Industry, and Region:

  • The market, on the basis of component, can broadly be classified into hardware, software, and services.
  • Based on end-use industry, the market can be categorised into food and beverage, post and parcel, groceries, general merchandise, apparel, and manufacturing, among others.
  • The major regional markets for logistics automation are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market for logistics automation is being driven by a change in business dynamics from offline to online modes of operations.
  • Technological innovations such as artificial intelligence (AI) and the Internet of Things (IoT) that aid in remote monitoring and provide real-time updates is propelling the growth of the industry.
  • Automation in logistics help in boosting productivity by speeding up the process, eliminating human error, and improving accuracy, thus aiding the industry growth.
  • The deployment of logistics automation in the food and beverage industry to eliminate human intervention and boost productivity is augmenting the market growth of logistics automation.

Key Offerings of the Report:

  • The EMR report gives an overview of the logistics automation industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for components, end-use industries, and major regions of logistics automation.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global logistics automation market are Kion Group AG, Daifuku Co., Ltd., KNAPP AG, Honeywell International Inc, and The Beumer Group GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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