Overview and Scope
Logistics automation refers to the application of computer software or automated machinery to improve efficiency in managing logistics. This helps to replace manual operations and handling equipment with automated facilities and processes. Logistics automation helps develop logistics operations in various end-use industries and used in warehouses and distribution centers, which help in maintaining huge stocks.
Sizing and Forecast
The logistics automation market size has grown rapidly in recent years. It will grow from $60.7 billion in 2023 to $68.08 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to cost reduction, demand for efficiency, e-commerce growth, globalization, customer expectations, sustainability concerns.
The logistics automation market size is expected to see rapid growth in the next few years. It will grow to $109.51 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to autonomous vehicles, warehouse robotics, robotic process automation (RPA), customization and flexibility, collaborative robotics (Cobots). Major trends in the forecast period include blockchain technology, artificial intelligence (AI) integration, technological advancements, autonomous vehicles and drones, robotics in warehousing.
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Segmentation & Regional Insights
The logistics automation market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Function: Warehouse and Storage Management, Transportation Management
3) By Organization Size: Small-Medium Size Organizations, Large Scale Organization
4) By End-User: Retail and E-Commerce, Automotive, Food and Beverage, Logistics and Transportation, Other End Users
North America was the largest region in the logistics automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the logistics automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of the e-commerce industry is expected to propel the growth of the logistics automation market going forward. Ecommerce refers to the buying and selling of goods and services with the help of the Internet. Logistics automation is used by the e-commerce industry to maintain its stock in warehouses and distribution centers. This helps in the easy handling of goods between different departments in the company. For instance, in February 2022, according to Forbes, a US-based business magazine, during the time of the pandemic, e-commerce sales grew by 50%, and the business of eCommerce during this time stood at $870 billion. Therefore, the growth of the e-commerce industry is driving the logistics automation market growth.
Key Industry Players
Major companies operating in the logistics automation market report are Oracle Corporation, ABB Ltd., Toshiba Logistics Corporation, Murata Manufacturing Co Ltd., Kion Group AG, Jungheinrich Aktiengesellschaft, Daifuku Co Ltd., Kuka Robotics GmbH, Yaskawa Electric Corporation, Dematic GmbH, JBT Corporation, SSI Schaefer AG, Knapp AG, Körber Supply Chain Solutions, Mecalux S.A., Beumer Group GmbH, TGW Logistics Group GmbH, Manhattan Associates Inc., Swisslog Holding AG, JDA Software Group Inc., WiseTech Global Limited, Descartes Systems Group Inc., System Logistics SpA, VITRONIC GmbH, Falcon Autotech Private Limited, One Network Enterprises Inc., Hinditron Group Of Companies, SI Systems Inc., HighJump Software LLC, Matternet Inc., FANUC Corporation, Kawasaki Heavy Industries Ltd.
The logistics automation market report table of contents includes:
1. Executive Summary
2. Logistics Automation Market Characteristics
3. Logistics Automation Market Trends And Strategies
4. Logistics Automation Market – Macro Economic Scenario
5. Global Logistics Automation Market Size and Growth
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32. Global Logistics Automation Market Competitive Benchmarking
33. Global Logistics Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Logistics Automation Market
35. Logistics Automation Market Future Outlook and Potential Analysis
36. Appendix
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