Logistics Automation Market

Dematic (US) and Daifuku (Japan) are the Key Players in the Logistics Automation Market

The logistics automation market is estimated to be USD 46.22 Billion in 2018 and is projected to reach USD 80.64 Billion by 2023, at a CAGR of 11.8% during the forecast period. The growth of the logistics automation market can be attributed to the exponential growth of the e-commerce industry, advancements in robotics, and the emergence of IoT. The implementation of driverless vehicles and drones in logistics is expected to provide lucrative growth opportunities to vendors of logistics automation solutions in the near future.

Key players operating in the logistics automation market include Dematic Corporation (US), Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), Honeywell Intelligrated, Inc. (US), KNAPP AG (Austria), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), SSI Schaefer AG (Switzerland), Mecalux, S.A. (Spain), VITRONIC (Germany), BEUMER Group (Germany), Toshiba Logistics Corporation (Japan), Jungheinrich AG (Germany), WiseTech Global Limited (Australia), System Logistics Spa (Italy), Falcon Autotech (India), SI Systems, LLC (US), ULMA Handling Systems (Spain), Inspirage (US), FRAMOS (Germany), Matternet Inc. (US), Pcdata BV (Netherlands), and Hinditron (India). These players have adopted key growth strategies, such as new product launches, partnerships, collaborations, and acquisitions to expand their product portfolios and enhance their presence in the logistics automation market.

Dematic (US), a key player in the logistics automation market, has adopted both, organic and inorganic growth strategies to strengthen its foothold in the logistics automation market. In April 2018, Dematic launched an enhanced Goods-to-Person (GTP) solution that combines the secure, high-density inventory management benefits of Dematic Multishuttle with the compact, high-speed advantages of patented inter-Aisle Transfer (iAT) capability. In September 2017, Dematic signed an agreement with AutoStore (Norway). This agreement enabled Dematic to expand its omni-channel integrated solution offering. It also helped Dematic design, configure, engineer, install, and support AutoStore as a sub-system within the overall Dematic solution.

Daifuku (Japan), another key player in the logistics automation market, adopted both, organic and inorganic growth strategies to enhance its market presence. In April 2017, Daifuku launched several 3D virtual reality material handling solutions at ProMat 2017. The company showcased various products, including robotics, conveyors and sorters, mini-load shuttle systems, and other ASRS models. In April 2016, Wynright Corporation, a wholly-owned subsidiary of Daifuku North America Holding Company, and its sister company, Jervis B. Webb, received a contract to provide automated warehouse technology for an innovative technical education program at Lansing Community College (LCC) in Lansing, Michigan. This development strategy enabled both these companies to enhance their market share and widen their customer base in the logistics automation market.

Related Reports:

Logistics Automation Market by Component (Warehouse & Storage Management, Transportation Management), Organization Size (Large Enterprises, SMEs), Vertical (Retail & E-commerce, Automotive, Manufacturing), and Region - Global Forecast to 2023

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Report Code
TC 6270
Published ON
May, 2018
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