Logistics Automation Market Size, Share, Growth Analysis, By Component(AMRs, AGVs, AS/RS, Automated Sorting & Conveyor Systems, AIDC, Palletizing Systems, Software, Services), Function, Logistics Type, Software Application, Design, Enterprise size, End-user, and Region - Industry Forecast 2024-2031


Report ID: SQMIG45B2063 | Region: Global | Published Date: June, 2024
Pages: 197 |Tables: 92 |Figures: 76

Logistics Automation Market Insights

Logistics Automation Market size was valued at USD 67.40 Billion in 2023 and is poised to grow from USD 76.29 Billion in 2024 to USD 181.73 Billion by 2031, at a CAGR of 13.2% during the forecast period (2024-2031). 

The global market for logistics automation is growing at a steady pace due to the increased use of technology to deal with evolving supply chains. Automation in logistics increases capacity, decreases cost of operations, and increases the flow and velocity the goods for satisfying customer demand for fast and accurate delivery services. While e-commerce is on the rise with the number of orders received increasing, companies face higher demands for developing the ways to manage the flows of orders and complex transportation systems. Some of the most important technologies which will further propel this market are robotics, artificial intelligence, machine learning, and the internet of things. AMRs as well as AGVs are the most innovative technologies that are modifying the nature of warehousing work by achieving efficient handling of storage, retrieval, and transportation tasks. Big aspects like, route planning, stock management, demand forecasts, and lead-time can be improved through predictive analytics which is efficiently executed through AI and machine learning. This element gives an indication of the operations in the supply chain and in particular goods tracking and checking through real time data acquired from the IoT devices. 

It has been observed that various industries have adopted logistics automation in one way or the other and the industries that are majorly inclined towards it are retail industry, manufacturing industries, and the healthcare industries. In retail, the number of goods that needs to be stored and the need to deliver goods faster has made the retail business to adopt automated materials handling and warehousing systems. The manufacturing industries apply the pull systems of production where the products are made only when they are needed in a process known as just in a time inventory while the medical industries apply the automation of the management of the medical products including the pharma business.  

Despite the promising growth trajectory, the market faces challenges such as high initial investment costs and concerns over data security and privacy. Additionally, the integration of new technologies into existing infrastructure requires significant expertise and adaptation. Nevertheless, continuous innovations and the proven benefits of automation are expected to drive sustained growth in the global logistics automation market, making it an indispensable component of modern supply chain management.

US Logistics Automation Market is poised to grow at sustainable CAGR for the next forecast year

Market Snapshot - 2024-2031

Global Market Size

USD 59.54 billion

Largest Segment

Warehouse management systems (WMS)

Fastest Growth

logistics control systems (LCS)

Growth Rate

13.2% CAGR

Global Logistics Automation Market ($ Bn)
Country Share for North America Region (%)

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Logistics Automation Market Segmental Analysis

Global Logistics Automation Market is segmented on the basis of Component, function, vertical, and region. By Component, the market is segmented into hardware, software and services . By Function, the market is segmented into Inventory and Storage Management and Transportation logistics By vertical, the market is segmented into Retail eCommerce, Manufacturing, Healthcare & Pharmaceuticals, Food & Beverages, Automotive, Aerospace and Defense, Chemicals and Other Verticals (paper and printing, and textiles and clothing). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Logistics Automation Market Analysis by Component 

Among these segments, the largest and most significant is the hardware segment. Automated storage, and retrieval systems segment to hold the highest market share during the forecast period. ASRS is a system used to automatically store and retrieve materials from a defined storage location. These systems comprise four major parts: storage racks, input/output systems, storage, and retrieval (S/R) equipment, and computer management systems. Some major automated functions performed by ASRS include unloading, sorting, storing, order picking, staging, and loading. These systems, based on their material handling capacity, can be categorized into unit load, mini load, carousel, shuttle, mid load, auto store, and goods-to-person. ASRS are used to reduce the monotonous work of picking and placing high volumes of inventory moving in and out of warehouses 

The fastest-growing segment in the logistics automation market is Software segment. . Even though hardware automates the physical grunt work in logistics, software is the brain behind the operation. It handles the strategic aspects by managing inventory levels, controlling robots, and planning efficient delivery routes. This leads to significant gains in efficiency. Software also plays a crucial role in data-driven decision making. By collecting and analyzing data from sensors and various systems, it provides valuable insights that can be used to optimize resource allocation and improve overall performance. As logistics operations become increasingly complex, software becomes even more critical. It acts as the glue that integrates all the hardware components and facilitates communication across different systems within the logistics network. This growing focus on data-driven logistics and the need for sophisticated automation solutions is a major driver behind the software segment's surge in the Global Logistics Automation Market.

Logistics Automation Market Analysis by Vertical 

Among these segments, the largest contributor to the market's growth is the manufacturing industry , driven by the surging demand for efficient supply chain management in the era of online shopping. The retail and e-commerce segment holds a dominant position due to the significant expansion of e-commerce platforms and the increasing adoption of automation technologies by retail giants. With the relentless growth of online shopping, businesses are facing the challenge of fulfilling orders promptly and accurately. This has fueled the need for streamlined logistics operations, inventory management, and order fulfillment processes. The retail and e-commerce sector's prominence in the logistics automation market can be attributed to several factors. Firstly, the segment benefits from the high volume of shipments and the need for efficient warehousing and distribution solutions. Automated systems enable these companies to optimize inventory control, enhance order accuracy, and expedite delivery times, thereby meeting customer expectations. Moreover, the intense competition in the retail and e-commerce space necessitates advanced logistics automation solutions to gain a competitive edge. Companies are increasingly investing in technologies such as robotics, artificial intelligence, and machine learning to automate various aspects of their supply chain, including order picking, sorting, packaging, and last-mile delivery. 

As for the fastest-growing segment, the retail and e-commerce sector stands out. Manufacturing operations rely heavily on logistics automation to enhance productivity, reduce operational costs, and improve overall efficiency. The sector is experiencing a significant shift towards smart factories and Industry 4.0, where automation plays a pivotal role in optimizing production processes and ensuring seamless material handling and inventory management. Manufacturers are leveraging robotics, autonomous vehicles, and advanced analytics to streamline their supply chains, minimize production downtime, and achieve higher levels of precision and quality control. The increasing focus on lean manufacturing, just-in-time delivery, and customization further drives the demand for logistics automation solutions in the manufacturing segment. 

Global Logistics Automation Market Size By Component (%)

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Logistics Automation Market Regional Insights

The leading region in the overall market was North America because it accounted for 74 % in 2023. This is due to the presence of numerous companies that offer logistics automation solutions as well as more than one logistics solution giants such as UPS, DHL, FedEx Corporation and so on located in North America. Further, the current and increased adoption of current technologies and development of current infrastructure is also supporting the expansion of the target market. The U. S is predicted to continue dominating through the forecast period due to significant development of the e-commerce market in the country. 

This market is expected to grow fast within the Asia-Pacific region at a Compound Annual Growth Rate (CAGR) of 12.35%. Energy consumption would also increase at an average annual rate of just 2% between now and 2030. Specifically, it is anticipated that the Asia Pacific region as a whole, alongside particular emphasis to such countries as China and India, would see significant increases in economic growth, particularly in e-commerce. also, several countries included in Asia Pacific region which are the attractive center for logistical activities like Singapore, Indonesia, China, India etc. At the same time technology integration and growing adoption of Industry 4. 0 They are China, India, Japan, and Southeast Asia countries, so it is expected to drive the logistics automation market over the forecast period.

Global Logistics Automation Market Size By Geography
  • Largest
  • Fastest

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Logistics Automation Market Dynamics

Logistics Automation Market Drivers

Technological Advancements 

  • Global demand for logistics automation is fueled greatly by the increasing trends in technological innovation. Technologies like Artificial Intelligence (AI) with associated applications like the Internet of Things (IoT) and robotics systems are giving new system to the traditional supply chain/logistics operations through minimizing human interference. Machine learning helps in planning efficient transportation routes and a smart delivery plan on one hand, and the internet of things aids in tracking the physical location of the shipment on another. Robotics employed in warehouses deals with sorting operations, packaging, and even transportation of goods, all functions that are bound to fasten. These developments are very effective in the improvement of efficiency of operations as well as effectiveness in the reduction of operation costs making logistics to be efficient as well as cheap. These technologies are coupling up as a necessity for firms that cares to face the rising competition from the global market. 

E-commerce Boom 

  • E-commerce is another key factor that is putting pressure on the logistics automation market as the use of internet transactions is rapidly increasing at an exponential rate. Since most of the consumers are now using online shopping to buy the goods and services they need, there is a pressure on delivery companies to deliver these goods as quickly as possible. There is need to automate the supply chain solution so that it can be able to process many orders, manage stock well and perform deliveries on time. Software solutions can handle orders and put them for storage or delivery depending on the model, and even handle the final mile delivery services with efficiency that is quite impressive in the current age. This means that logistics companies are under pressure to automate their operations as they seek to process increased numbers of orders within a shorter time and with higher order accuracy than can be achieved manually in the current climate of e-commerce growth. 

Logistics Automation Market Restraints 

High Initial Investment 

  • This is one of the key barriers to entry that have been observed in the global logistics automation market, including the high capital investment necessary to gain a foothold in the industry. Evaluating the effectiveness of sophisticated automation systems entails considerable expenses to back up the acquisition and deployment of tools and technologies. This h may greatly affect the adoption of automation technologies since Small and medium-sized enterprises (SMEs) especially may not afford such investments. Secondly, the costs involved in training qualified manpower to operate and maintain the automated systems may be very expensive. In this connection, financial aspect may become a limiting factor to the application of the logistics automation, particularly in the developing nations where capital is a restricted resource. 

Integration Complexities 

  • The need to incorporate new automation technologies into the existing one is also a constraint given the interaction difficulties between the two systems. It is important to understand that most logistics companies still use old typing methods and their systems are often incompatible with modern logistical automation. The movement of data and interoperation of these systems can be technically complex, time-consuming and even expensive. However, it has some drawbacks: hence, during the transition period, operational disruptions may have negative influence on the service quality and customer satisfaction. Thus, the need for integration and potential rise of technical problems may temporarily decelerate companies’ progress towards the adoption of automation technologies, hence, limiting the market development.

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Logistics Automation Market Competitive Landscape

The market for logistics automation is highly saturated due to the presence of numerous companies on the global level, which take turn trying to enhance their position on the market. Some of the recognized market players engage in significant expenditure on research and innovation in the hunt for better practices like automatic storage and retrieval, robotic technology and moving to smarter warehouse plans. Startups and regional players also play their part in the competition by creating solutions catering for niche markets of the developed customer base. Leveraging also implies cooperation and consolidation due to the acquisition of strategic partnerships, mergers, and acquisitions for improving the capabilities of the business as well as the coverage of the international market. The market faces constant advances in technologies and the increasing use of AI an IoT in the technology market, making the market efficient and cost-saving. There is nothing as crucial as having the ability to set economic prices for services that they offer, offer-customized services, and an ability to offer all round services amidst stiff competition.

Logistics Automation Market Top Player’s Company Profile

  • Dematic Corporation (US) 
  • Honeywell Intelligrated (US)
  • Daifuku (Japan) 
  • Oracle (US) 
  • SAP (Germany) 
  • IBM(US) 
  • SSI Schaefer (Germany) 
  • Knapp (Austria) 
  • Manhattan Associates (US)
  • Swisslog Holding AG (Switzerland) 
  • Blue Yonder (US) 
  • Mantis (US) 
  • Murata Machinery (Japan) 
  • TGW Logistics Group (Austria) 
  • Jungheinrich (Germany) 
  • System Logistics (Italy) 
  • Zebra Technologies (US) 
  • ABB (Switzerland) 
  • BEUMER Group (Germany) 
  • Korber(Germany)

Logistics Automation Market Recent Developments

  • In 2024, Sustainability in logistics is no longer just about the environment; in 2024, it's becoming a critical factor for business success. Leading companies are integrating environmental, social, and governance (ESG) considerations into their core strategies, even using partners' sustainability practices as a decision-making factor. 

  • In 2024, Rippey AI tackles paperwork bottlenecks in logistics with their conversational AI and machine learning solution. It streamlines tasks like security filings and shipment building, significantly reducing the time needed to complete them. 

  • In 2023, The rise of autonomous guided vehicles (AGVs) and drones is revolutionizing delivery and transportation, promising faster and more cost-effective services. 

  • In April 2023, TGW Logistics Group made an exciting announcement regarding their offering of innovative visualization dashboards to optimize the performance of intralogistics systems for both new and existing customers. This dashboard enables the combination, analysis, and graphical processing of data from various software sources. From goods-in monitoring to warehouse areas, and even sorters and scanners, the dashboard provides a comprehensive view of the entire system. This advanced solution aims to enhance operational efficiency and streamline processes within the intralogistics environment. 

  • In March 2023, KNAPP AG unveiled its cutting-edge robotics solutions for automation and digitalization at the LogiMAT 2023 trade fair. These robotics solutions are anticipated to drive cost reduction in logistics processes while simultaneously increasing shipping capacity. KNAPP AG has labeled this approach "zero-touch fulfillment," representing a forward-looking and future-proof strategy. By leveraging robotics technology, the company aims to minimize human intervention in logistics operations and achieve greater efficiency and productivity. 

Logistics Automation Key Market Trends

  • Growth in the usage of self-driving cars: An emerging trend in the global logistics automation market is the willingness to incorporate autonomous vehicles. Automated and connected vehicles like self-driven lorries and delivery drones are being designed and implemented to change the transport and delivery systems. Such vehicles are capable of being operated twenty-four hours a day, seven days a week, thus cutting on costs of employing human labor, and additionally decrease human intervention which lead to decreased operational costs and increased efficiency in the flow of stocks. The availability of L3’s implies that the use of autonomous technology will increase as regulatory measures ease and technology advances. This trend holds apparent potential for development in the logistics industry since it helps to enhance the speed of shipments, increase efficiency, and minimize further expenses. 
  • Sustainability Initiatives: This is the reason why Sustainability proves to be an emerging trend in the logistics automation market. Businesses have started implementing environmentally friendly policies and strategies to weed out impacts of other negative environmental effects. Techniques such as smart routing to minimize distance to be travelled and eradicating wastage, electrification and hybridization of vehicles and enhancing efficiency are part of the sustainability stratagem on the availability of automation technologies. Further, it simplifies and improves the usage and distribution of resources, effective and optimized reductions in material wastage and energy usage. This paper demonstrates that the drive towards sustainability is pushing the agenda for greater automation forward in logistics, offering greener solutions that also help deliver greater operational efficiencies and cost savings.

Logistics Automation Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. 

According to our global Logistics Automation Market analysis, market is expanding, as more businesses seek effective solutions for a rapid and cost-effective supply chain. Some of the most significant drivers that contribute to this growth include E-commerce, increasing pressure on faster order cycles or quicker TAT, and the incorporation of smart technologies like Artificial intelligence, Robotics, and IoT gadgets. Asia-Pacific region has claimed the biggest market share due to technological development and increasing dominance of e-commerce outlets in the China and India. North America and Europe are also important markets is also experiencing high demand, particularly from the retail, automotive, and manufacturing industries. The raised awareness of ecological issues and resistance to emissions within the field of logistics also stimulates the market’s advancement, as corporations integrate automated solutions to minimize their impact on the environment. Some of them include the implication of serious capital outlay in the initial installation of the systems and the requirement of specialized human resource to maintain the complex systems.

Report Metric Details
Market size value in 2022 USD 29.95 billion
Market size value in 2031 USD 66.95 billion
Growth Rate 9.35%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware (Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Automated Storage and Retrieval Systems (AS/RS), Automated Sorting and Conveyor Systems, De-palletizing/Palletizing Systems, and Automatic Identification and Data Collection (AIDC)), software (DCIM, virtualization, and others), services (consulting, deployment & integration, and support and maintenance).
  • Function
    • Inventory and storage management, transportation logistics
  • Logistics Type
    • Sales logistics, production logistics, recovery logistics, procurement logistics
  • Organization size
    • SMEs, large enterprises
  • Software Application
    • Inventory management, order management, yard management, shipping management, labor management, vendor management, customer support, others
  • Vertical
    • Retail & ecommerce, manufacturing, healthcare & pharmaceuticals, food & beverages, automotive, aerospace and defense, chemicals
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Dematic Corporation (US) 
  • Honeywell Intelligrated (US)
  • Daifuku (Japan) 
  • Oracle (US) 
  • SAP (Germany) 
  • IBM(US) 
  • SSI Schaefer (Germany) 
  • Knapp (Austria) 
  • Manhattan Associates (US)
  • Swisslog Holding AG (Switzerland) 
  • Blue Yonder (US) 
  • Mantis (US) 
  • Murata Machinery (Japan) 
  • TGW Logistics Group (Austria) 
  • Jungheinrich (Germany) 
  • System Logistics (Italy) 
  • Zebra Technologies (US) 
  • ABB (Switzerland) 
  • BEUMER Group (Germany) 
  • Korber(Germany)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Logistics Automation Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Logistics Automation Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Logistics Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Logistics Automation Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Logistics Automation Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Logistics Automation Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Logistics Automation Market size was valued at USD 29.95 billion in 2022 and is poised to grow from USD 32.75 billion in 2023 to USD 66.95 billion by 2031, growing at a CAGR of 9.35% during the forecast period (2024-2031). 

The market for logistics automation is highly saturated due to the presence of numerous companies on the global level, which take turn trying to enhance their position on the market. Some of the recognized market players engage in significant expenditure on research and innovation in the hunt for better practices like automatic storage and retrieval, robotic technology and moving to smarter warehouse plans. Startups and regional players also play their part in the competition by creating solutions catering for niche markets of the developed customer base. Leveraging also implies cooperation and consolidation due to the acquisition of strategic partnerships, mergers, and acquisitions for improving the capabilities of the business as well as the coverage of the international market. The market faces constant advances in technologies and the increasing use of AI an IoT in the technology market, making the market efficient and cost-saving. There is nothing as crucial as having the ability to set economic prices for services that they offer, offer-customized services, and an ability to offer all round services amidst stiff competition. 'Dematic Corporation (US) ', 'Honeywell Intelligrated (US)', 'Daifuku (Japan) ', 'Oracle (US) ', 'SAP (Germany) ', 'IBM(US) ', 'SSI Schaefer (Germany) ', 'Knapp (Austria) ', 'Manhattan Associates (US)', 'Swisslog Holding AG (Switzerland) ', 'Blue Yonder (US) ', 'Mantis (US) ', 'Murata Machinery (Japan) ', 'TGW Logistics Group (Austria) ', 'Jungheinrich (Germany) ', 'System Logistics (Italy) ', 'Zebra Technologies (US) ', 'ABB (Switzerland) ', 'BEUMER Group (Germany) ', 'Korber(Germany)'

Global demand for logistics automation is fueled greatly by the increasing trends in technological innovation. Technologies like Artificial Intelligence (AI) with associated applications like the Internet of Things (IoT) and robotics systems are giving new system to the traditional supply chain/logistics operations through minimizing human interference. Machine learning helps in planning efficient transportation routes and a smart delivery plan on one hand, and the internet of things aids in tracking the physical location of the shipment on another. Robotics employed in warehouses deals with sorting operations, packaging, and even transportation of goods, all functions that are bound to fasten. These developments are very effective in the improvement of efficiency of operations as well as effectiveness in the reduction of operation costs making logistics to be efficient as well as cheap. These technologies are coupling up as a necessity for firms that cares to face the rising competition from the global market. 

Growth in the usage of self-driving cars: An emerging trend in the global logistics automation market is the willingness to incorporate autonomous vehicles. Automated and connected vehicles like self-driven lorries and delivery drones are being designed and implemented to change the transport and delivery systems. Such vehicles are capable of being operated twenty-four hours a day, seven days a week, thus cutting on costs of employing human labor, and additionally decrease human intervention which lead to decreased operational costs and increased efficiency in the flow of stocks. The availability of L3’s implies that the use of autonomous technology will increase as regulatory measures ease and technology advances. This trend holds apparent potential for development in the logistics industry since it helps to enhance the speed of shipments, increase efficiency, and minimize further expenses. 

The leading region in the overall market was North America because it accounted for 74 % in 2023. This is due to the presence of numerous companies that offer logistics automation solutions as well as more than one logistics solution giants such as UPS, DHL, FedEx Corporation and so on located in North America. Further, the current and increased adoption of current technologies and development of current infrastructure is also supporting the expansion of the target market. The U. S is predicted to continue dominating through the forecast period due to significant development of the e-commerce market in the country. 

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