views
North America Logistics Automation Market
The North America logistics automation market is experiencing significant growth, driven by technological advancements and the increasing adoption of automated solutions across various industries. Valued at US$ 12,454.02 million in 2022, it's projected to reach US$ 28,794.65 million by 2030, demonstrating a robust CAGR of 11.0% from 2022 to 2030.
Autonomous Trucks and Truck Platooning Fuel Growth
A key driver of this market's expansion is the rise of autonomous trucks and truck platooning. These innovations leverage advanced connectivity and automated driving systems to enhance logistics efficiency. Truck platooning allows multiple trucks to travel in close formation, with only the lead vehicle requiring active driver control. The following trucks automatically adapt to the lead vehicle's movements, significantly reducing human error and improving safety and fuel efficiency. For example, companies like Scania are developing semi-autonomous platoons where a single driver manages a lead truck followed by a train of unmanned vehicles. This approach promises to make road journeys safer, cleaner, and more efficient.
📚Download Full PDF Sample Copy of Market Report @
https://www.businessmarketinsights.com/sample/BMIRE00030507
Overview of the North America Logistics Automation Market
The growing retail and e-commerce sectors are making logistics automation essential for businesses striving for omnichannel and online strategies. Logistics automation streamlines critical processes such as inventory management, tracking, reporting, forecasting, packaging, transportation, and warehouse management. By embracing automation, retailers can offer competitive advantages like free and fast delivery, which attracts customers. The continuous influx of technological advancements and the surging demand for automation are positively impacting the market.
North America, with its advanced IT infrastructure and early adoption of technologies, is at the forefront of this trend. The United States, in particular, hosts numerous major logistics automation firms. Increased investment from industries like manufacturing and automotive to automate their operations is a significant factor. Additionally, government initiatives, such as the US President's "Made in America" initiative, are actively promoting the adoption of automated solutions within the manufacturing sector. The booming retail and e-commerce industries are further accelerating the integration of automation in warehouses and logistics facilities, ultimately boosting the growth of the North America logistics automation market.
Strategic Insights: North America Logistics Automation Market
Strategic insights into the North America logistics automation market deliver a comprehensive, data-driven analysis of the evolving industry landscape. These insights highlight emerging trends, key market players, and regional variations that influence operational strategies. By identifying untapped opportunities and crafting distinct value propositions, stakeholders can gain a competitive edge.
Utilizing advanced data analytics, these insights support proactive decision-making—enabling investors, manufacturers, and other market participants to navigate changes with confidence. A forward-looking approach ensures stakeholders are well-positioned to capitalize on future growth, drive profitability, and achieve long-term business objectives in this fast-moving sector.
Ultimately, these insights serve as a vital tool for making informed, strategic decisions in the highly competitive North American logistics automation market.
Market leaders and key company profiles
BEUMER Group GmbH & co KG
Daifuku Co Ltd
Dematic Corp
Honeywell Intonational Inc
KNAPP AG
Mecalux SA
Swisslog Holding AG
TGW Logistics Group GmbH
Toshiba Infrastructure Systems and Solutions Corp
North America Logistics Automation Regional Insights
The geographic scope of the North America Logistics Automation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Logistics Automation Market Overview
The North America logistics automation market is a dynamic and growing sector, driven by advancements in technology and the increasing demand for efficient supply chain operations. This market is segmented across several key areas: component, mode of freight transport, application, end-user industry, and country.
Market Segmentation
- Component: The market is divided into hardware, software, and services. In 2022, hardware accounted for the largest market share, indicating a strong foundational investment in physical automation systems.
- Mode of Freight Transport: Segmentation by transport mode includes land, water, and air. Land transportation held the dominant share in 2022, highlighting its crucial role in regional logistics.
- Application: The market is bifurcated into warehouse management and transportation management. Warehouse management represented the larger share in 2022, underscoring the importance of automated solutions within storage and distribution centers.
- End-User Industry: This segment encompasses manufacturing, retail and e-commerce, oil and gas, food and beverages, automotive, healthcare and pharmaceutical, and others. The manufacturing sector held the largest share in 2022, demonstrating its significant adoption of logistics automation.
- Country: The North America market includes the US, Canada, and Mexico. The US was the leading country in 2022, signifying its strong market presence and investment in logistics automation.
Key Players
Several prominent companies are at the forefront of the North America logistics automation market. These include:
- BEUMER Group GmbH & Co KG
- Daifuku Co., Ltd.
- Dematic Corp
- Honeywell International Inc
- KNAPP AG
- Mecalux SA
- Swisslog Holding AG
- TGW Logistics Group GmbH
- Toshiba Infrastructure Systems and Solutions Corp
These companies are instrumental in developing and implementing the innovative solutions that are shaping the future of logistics in North America.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
Comments
0 comment