A report, “Logistics Automation Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component; Application; Mode of Freight Transport; End-User Industry, and Geography” is now available from ResearchAndMarkets.com.
According to the report, the market valued at US$ 41.5 billion in 2019, is projected to reach US$ 91.7 billion by 2027, growing at a CAGR of 11.5% from 2020 to 2027.
Advances in technology are increasing the adoption of robots for various industries. Logistics automation is becoming essential, ensuring the management of the inventory, tracking, reporting and forecasting, packaging, transportation of goods, and warehouse management. A variety of industries are shifting toward the adoption of logistics automation to achieve effective supply chain processes as well as gain a competitive edge.
The report highlights the regions globally that are showing rapid growth, including North America, Europe, and APAC.
It also reviews COVID-19 impact, whereby factory shutdowns travel bans, trade bans, and border lockdowns to combat and contain the outbreak have adversely affected the logistics industry.
