Logistics Automation Market Size is Projected to Reach USD 79,887.05 Million by 2025 - Valuates Reports - Seite 2

The necessity of high capital investments to implement logistics automation solutions is a key restraining factor affecting the logistics automation market size. Installing automation equipment, software, and solutions that incur high costs requires the setting up large-scale automated warehouse facilities.

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LOGISTICS MARKET SHARE ANALYSIS

The retail & e-commerce segment is expected to hold the largest logistics automation market share based on vertical during the forecast period. The retail & e-commerce segment's growth can be attributed to retail and e-commerce companies' growing adoption of logistics automation solutions and the need for automated manufacturing and versatile logistics systems.

Based on the component, the warehouse & storage management segment held the largest logistics automation market share in 2018. The growth of the warehouse & storage management segment is attributed to smart technology, such as IoT and robotics, to boost warehouse operations.

Based on the region, North America held the largest logistics automation market share in 2018. Logistics automation technologies are being implemented by businesses in the North American region to optimize supply chain processes, including manufacturing, packaging, and transporting goods. In the North American region, the US, Canada, and Mexico are the main countries considered for market analytics. These countries' economic growth has led to increased investments in logistics automation.

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LOGISTICS AUTOMATION MARKET SEGMENTATION & COVERAGE:

This research report categorizes the Logistics Automation to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Component, the Logistics Automation Market studied across Transportation Management and Warehouse & Storage Management. Transportation Management further studied across Services and Software. The Warehouse & Storage Management further studied across Hardware, Services, and Software.