The recent research, Logistics Automation market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Logistics Automation market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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The global is forecast to reach USD 1.49 Billion by 2026, according to a new report by Reports and Data. Growth in the trade of food-grade liquids, non-toxic chemicals, and pharmaceutical liquids are the major driving factors of the flexible tank market.
Flexitank is a bulk liquid container that consists of multiple layers of polyethylene that has an outer covering of woven polypropylene and can be used for transportation of any non-toxic liquids using the standard 20-foot railway or sea container. Flexitank is used to transport almost any non-toxic liquids, for industrial as well as food application, like juice concentrate, food, edible and animal oils, and fats, syrups, juices, wine, water, pharmaceutical, and food additives among other products.
Key participants include Murata Machinery, Vitronic, Toshiba Logistics, Wisetech Global, Swisslog Holding AG, ULMA Handling Systems, Deutsche Post DHL Group, DSV Air & Sea Inc., FedEx Corp., United Parcel Service, Inc.
End Users Method Outlook (Revenue, USD Billion; 2016-2026)
- Manufacturing Industries
- Retails
- eCommerce
- Oil & Gas Industries
- Food & Beverages
- Government Utilities
- Healthcare Market
- IT Industries
- Others
Automation Type Outlook (Revenue, USD Billion; 2016-2026)
- Hardware Centric
- Software Centric
Components of Logistics Outlook (Revenue, USD Billion; 2016-2026)
- Warehouse Management
- Material Handling & Transportation
Logistics Model Type Outlook (Revenue, USD Billion; 2016-2026)
- First Party Logistic Model
- Second Party Logistic Model
- Third Party Logistic Model
- Fourth Party Logistic Model
- Fifth Party Logistic Model
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The report charts the future of the Logistics Automation market for the forecast period, 2019 to 2026. The perfect balance of information on various topics including the sudden upswing in spending power, end-use, distribution channels and others add great value to this literature. A collaboration of charts, graphics images and tables offers more clarity on the overall study. Researchers behind the report explore why customers are purchasing products and services from immediate competitors.
Further key findings from the report suggest
- Among the end-users in the logistics automation market, manufacturing industries segment is likely to continue being the leader of the market with almost 29.0% of market possession and would grow with a CAGR of 13.0% by 2026. Manufacturing Industries are the core participator of this market. Raw materials are essential in every stage of the production or manufacturing of products. Apart from raw materials, the manufactured products are also required to be delivered to the retailers or supply chains. Almost all the manufacturing industries are required to have their own or partnered logistics for smooth operational functioning.
- The rise in the eCommerce industry compels a vast demand for the logistics chain. As the online-purchased products have to be delivered to the buyers' place. Being solely dependent upon the logistics chain, the eCommerce industry encounters a higher growth rate of 17.3% by 2026.
- Material handling in warehousing and end-delivering involves some highly productive machines. Automation helps gain higher productivity with nearly zero percentage of errors. Hardware-centric sub-segment of automation type segment thus had a market share of 37.6% in 2018 in the logistics automation market.
- The warehouse is where the to-be-delivered products are dumped, rearranged, and packed accordingly for the shipment. Automation for the warehouse functionality entangles cataloging, inventory management, resource management, internal products handling, and others. The segment is forecasted to grow with a CAGR of 10.5% during the forecast period.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/logistics-automation-market
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