Global Logistics Automation Market

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 76.29 billion in 2022 and is poised to grow from USD 86.36 billion in 2023 to USD 232.85 billion by 2031, growing at a CAGR of 13.20% during the forecast period (2024-2031).

The logistics industry is undergoing some major changes as emphasis on efficiency increases around the world. Increasing burden on logistics companies on the back of booming e-commerce activity, industrialization, and urbanization is also promoting the demand for logistics automation.  Advancements in logistics automation technologies and high investments in development of the same are also favoring market growth. Moreover, rising costs of labor and shortage of skilled workforce are also expected to promote the demand for logistics automation across the study period and beyond. Growing demand for faster deliveries around the world will also act in favor of logistics automation companies going forward. Increasing emphasis on improving supply chains to optimize operations will also favor market development in the future. On the contrary, high costs of deployment, complexities in integration, and economic uncertainty are slated to key restraints for logistics automation demand in the long run.  

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FAQs

Global 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). 

Targeting e-commerce and retail companies will be crucial in determining the success of any logistics automation provider. Logistics automation companies should invest in the development of novel logistics automation solutions and services. Partnerships and collaborations will be essential strategies for new and established logistics automation market players going forward. Targeting the developing countries will also pay off big time for logistics automation providers in the long run.   '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) '

Growing popularity of same-day delivery around the world and booming e-commerce activity are also boosting the demand for highly efficient logistics operations. Rising emphasis on improving productivity and fulfilling faster delivery times is also slated to benefit logistics automation market growth going forward.   

Use of Autonomous Vehicles and Drones: Automation of transportation in logistics is a prime area of interest for many logistics automation companies. Experimenting with the use of autonomous vehicles and drones to improve transportation times and reduce issues related to tracking will provide lucrative opportunities for logistics automation providers in the long run.   

North America is projected to take the lead in terms of logistics automation demand on a global level. The presence of key logistics companies and their increasing investments in automation adoption are slated to help this region’s dominance going forward. The United States is projected to be the most opportune market owing to the presence of a developed technological infrastructure to support high adoption of logistics automation.  Moreover, the presence of key logistics companies and favorable regulatory environment for automation adoption are also contributing to the high market share of this region.  

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Global Logistics Automation Market

Report ID: SQMIG45B2063

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