Logistics Automation Market

Dematic (US) and Honeywell Intelligrated (US) are Leading Players in the Logistics Automation Market

The global logistics automation market size is projected to grow from USD 48.4 billion in 2020 to USD 88.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The logistics automation market is gaining traction due digital transformation in the logistics industry, emergence of IoT, exponential growth in the eCommerce industry, advancements in robotics, and growing need to ensure workforce safety.

The major vendors covered in the logistics automation market include 6 River Systems (US), ABB (Switzerland), BEUMER Group (Germany), Blue Yonder (US), Daifuku (Japan), Dematic (US), E&K Automation (Germany), Eyesee (Hardis Group) (France), Falcon Autotech (India), GreyOrange (US), HighJump (Korber) (US), Honeywell Intelligrated (US), Jungheinrich (Germany), Knapp (Austria), Locus Robotics (US), Manhattan Associates (US), Murata Machinery (Japan), Oracle (US), SAP (Germany), SBS Toshiba Logistics (Japan), Seegrid (US), SSI Schaefer (Germany), Swisslog (Switzerland), System Logistics (Italy), TGW Logistics Group (Austria), and Zebra Technologies (US). These players have adopted various growth strategies, such as partnerships, business expansions, mergers and acquisitions, partnerships, agreements, and collaborations, new product launches to expand their presence in the logistics automation market. Partnerships and new product launches have been the most adopted strategies by major players from 2019 to 2021, which helped them innovate their offerings and broaden their customer base.

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Dematic (US) is one of the leading vendors of the logistics automation market. Dematic has adopted both, organic and inorganic growth strategies to enhance its position in the logistics automation market. As a part of the organic growth strategies, in March 2020, the company launched Dematic launched the Dematic Multishuttle (DMS) 2 E, which is the latest version of the company’s warehouse automation solution. The company also focused on inorganic growth strategies, such as acquisition and partnerships, which facilitated the expansion of their portfolio. In Spetember 2019, Dematic partnered with OPEX Corporation that enabled Dematic to act as an integrator for a small item sorting system called Sure Sort.

Honeywell Intelligrated (US) is another top player in the logistics automation market and has majorly adopted inorganic growth strategies to diversify its product offerings with the help of innovative technologies. In line with its inorganic growth strategies, in February 2021, Honeywell Intelligrated partnered with Fetch Robotics, a company that provides cloud-driven robotic solutions. Fetch Robotics will launch an autonomous mobile robot called PalletTransport1500 for contactless pallet transportation across distribution centers. It will utilize Honeywell Intelligrated’s Momentum warehouse execution system software to move pallets and other large payloads up to 1,136 kg safely and efficiently.

Related Reports:

Logistics Automation Market by Component, Function (Warehouse and Storage Management, Transportation Management), Organization Size (SMES, Large Enterprises), Vertical (3PL, Retail and Ecommerce, FMCG, Manufacturing), and Region - Global Forecast to 2026

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Report Code
TC 6270
RI Published ON
3/11/2021
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