The worldwide Logistics automation market is expected to grow at a compound annual growth rate of 8.4% until 2029, reaching USD 52.53 billion, up from an estimated USD 35.14 billion in 2024. Key factors driving market growth are smart warehousing systems with IoT, AI to analyze data optimizes supply chain operations and enhances decision-making efficiency and innovations in cold chain logistics are improving the efficiency of temperature-sensitive deliveries.
Top Companies in Logistics Automation Industry Include
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HONEYWELL
Honeywell has established itself as one of the leaders in the logistics automation market by offering advanced warehouse solutions that address the complexities of modern distribution and fulfillment operations. Their systems enhance efficiency and adaptability, enabling businesses to manage increased SKU diversity, meet stringent service level agreements, and tackle labor shortages effectively. By integrating cutting-edge technologies such as robotics, AI, and data analytics, Honeywell Intelligrated not only optimizes operational performance but also future-proofs organizations against evolving market demands. Their commitment to innovation and customer-centric solutions has solidified their competitive advantage in the rapidly changing landscape of logistics automation.
ABB
ABB has positioned itself as one of the key player in the logistics automation market by leveraging its extensive expertise in electrification, robotics, and digitalization. The company focuses on creating integrated solutions that enhance productivity and efficiency in supply chains, addressing challenges like labor shortages and increasing demand for faster delivery. By combining advanced technologies such as artificial intelligence and machine learning with their automation systems, ABB enables businesses to streamline operations and reduce costs. Their commitment to innovation and sustainability, along with strategic partnerships and acquisitions, has further solidified their competitive advantage, allowing them to adapt to the evolving needs of the logistics sector effectively.
Daifuku Daifuku Co., Ltd., established in 1937 and headquartered in Osaka, Japan, is a leading provider of material handling systems. The company specializes in the design, manufacture, and installation of automated systems for various industries, including automotive, electronics, and logistics. Daifuku's product offerings encompass conveyor systems, automated storage and retrieval systems (AS/RS), and sorting systems, all aimed at enhancing operational efficiency and productivity. With a global presence, Daifuku serves clients worldwide, delivering innovative solutions tailored to meet diverse material handling needs.
IBM IBM, founded in 1911 and headquartered in Armonk, New York, is a multinational technology and consulting company. The company offers a wide range of products and services, including hardware, software, cloud computing, and artificial intelligence (AI) solutions. IBM is renowned for its mainframe computers, data analytics capabilities, and contributions to AI through its Watson platform. Over the years, IBM has shifted its focus towards cloud-based services and AI, aiming to provide innovative solutions that drive digital transformation for businesses across various industries.
SAP SAP SE, founded in 1972 and headquartered in Walldorf, Germany, is a leading multinational software corporation specializing in enterprise resource planning (ERP) solutions. The company offers a comprehensive suite of applications, including SAP S/4HANA, SAP HANA, and various cloud-based services, designed to streamline business processes across finance, supply chain management, and customer relationship management. SAP has a significant global presence, serving clients in numerous countries and industries. In recent years, SAP has emphasized its transition to cloud computing and the integration of artificial intelligence into its offerings, aiming to enhance efficiency and drive innovation for its customers.
Related Reports:
Logistics Automation Market by Offering (Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Automated Storage & Retrieval Systems, Conveyors, Warehouse Management Systems), Technology (RPA, Big Data, Blockchain) - Global Forecast to 2029
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