Logistics Automation Market- Global Opportunity Analysis And Industry Forecast (2024-2031)
Meticulous Research ® —a leading global market research company, published a research report titled, ‘ Global Logistics Automation Market by Offering (Hardware, Software, Services), Type (Inbound, Outbound), Automation Mode, Application (Inventory Management, Others), End User (Retail & E-commerce, Automotive, Others) & Geography - Global Forecast to 2031.’ According to this latest publication from Meticulous Research ® , the logistics automation market is projected to reach $65.14 billion by 2031 , at a CAGR of 10% from 2024 to 2031. The growth of the logistics automation market is driven by the rapid growth in e-commerce and the increasing incorporation of robots in logistics. However, high capital investment requirements and the lack of standardization in the logistics sector restrain the growth of this market. Furthermore, the digital transformation of the logistics industry, advancements in sensor technologies, and the outsourcing of logis...