The Europe Logistics Automation Market would witness market growth of 11.5% CAGR during the forecast period (2020-2026). Logistics automation is considered as the automation of each process in logistics management.
It takes the help of various machines and software in order to carefully operate the logistics operation without human intervention. Automation monitors and captures each activity and thus facilitates smooth logistics management. With the help of logistics automation, complete supply chain processing has achieved high accuracy.
With the rising and shifting consumer expectations, the companies operating in the market are aiming to put investment in IT and operational features in warehouses. The increasing development in the connectivity technology across the world, as tech organizations facilitates every process from sortation to arranging pallets in the warehouse internet-ready. They are making use of the emerging supply chain technology and the Internet of Things (IoT), a “smart warehouse,” which has become the hub to improve the productivity and speed of the supply chain process. From wearables on workers to sensors and smart tools, internet-equipped equipment and technology can drastically bring change in logistics management.
The warehouse management and transport management are actively deploying logistics automation robots, which bring automation in the process of transferring goods and storing them across the supply chain procedures. The logistics automation robots are incorporated across storage and warehouse units for the purpose of arranging and transporting the products. These robots also provide a superior degree of uptime in comparison to manual labor, which contributes to the development of profitability and productivity of the industry.
The Germany market dominated the Europe Logistics Automation Services Market by Country 2019, growing at a CAGR of 11.9 % during the forecast period. The UK market is exhibiting a CAGR of 12.4% during (2020 - 2026). Additionally, The France market is poised to witness a CAGR of 14.1% during (2020 - 2026).
The Large Enterprises market dominated the Spain Logistics Automation Market by Enterprise Size 2019, thereby, achieving a market value of $1,008.1 million by 2026, growing at a CAGR of 12.5 % during the forecast period. The Small & Medium Enterprises market is showcasing a CAGR of 15.5% during (2020 - 2026).
Based on Function, the market is segmented into Warehouse & Storage Management and Transportation Management. Based on Component, the market is segmented into Hardware, Software and Services. Software segment is further categorized across Warehouse Management System (WMS) Software and Transportation Management System (TMS) Software. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Third Party Logistics (3PL), FMCG, Retail & eCommerce, Manufacturing, Oil, Gas & Energy, Aerospace & Defense, Chemicals & Pharmaceuticals and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Logistics Automation Market in Europe is expected to register a CAGR of 11.5% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kion Group, Honeywell International, Inc., Daifuku Co., Limited, Knapp AG, Kuka AG, Murata Manufacturing Co., Ltd., Oracle Corporation, BEUMER Group GmbH & Co. KG, Manhattan Associates, Inc., and SSI Schaefer Group.
By Function
By Component
By Enterprise Size
By End User
By Country
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