Logistics Automation Market (Component - Hardware, Software, and Services; Function - Warehouse & Storage Management, and Transportation Management; Logistics Type - Sales Logistics, Production Logistics, Recovery Logistics, and Procurement Logistics; Organization Size - Large Enterprises, and Small & Medium Enterprises; End-use Industry - Retail & E-commerce, Manufacturing, Automotive, Logistics & Transportation, Pharmaceutical & Healthcare, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2032

A recent report published by Infinium Global Research on logistics automation market provides in-depth analysis of segments and sub-segments in the global as well as regional logistics automation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional logistics automation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global logistics automation market.

Market Insight:

The global logistics automation market was valued at USD 35.44 billion in 2023 and is expected to reach USD 98.77 billion in 2032, with a CAGR of 12.10% during the forecast period of 2024-2032.

Logistics automation involves using technology and systems to streamline and optimize different aspects of logistics workflow. It integrates software, hardware, and intelligent algorithms to automate repetitive tasks, improve efficiency, and enhance operational performance. By automating logistics processes, businesses can eliminate manual errors, reduce dependency on human intervention, and achieve higher levels of accuracy and precision. This covers a wide range of functions, from inventory management and order processing to warehouse operations and shipping, enabling businesses to deliver products to customers faster and more efficiently. Logistics automation can also enhance the automation of incoming goods, dispatching, packaging, repackaging, and goods retrieval, and can help reduce workforce requirements. In logistics automation, the machinery includes automatic guided vehicles, robotic arms, and automated storage and retrieval systems (AS/RS) such as carousels and vertical lift modules. The logistics software side offers a wide range of solutions for sales, WMS, CRM, billing, accounting, tracking, business intelligence, and more.

The logistics automation market is experiencing significant growth primarily due to the increase in supply chain complexity. As global trade expands and businesses strive to meet the demands of a more interconnected world, the supply chains they operate become more intricate. Managing these complex networks requires advanced automation solutions to ensure efficiency, accuracy, and speed. Automation technologies such as robotics, artificial intelligence, and Internet of Things (IoT) devices help streamline operations, reduce errors, and enhance overall supply chain performance, driving the demand for logistics automation. Further, the growing e-commerce Industry is driving the growth of the logistics automation market. The rapid rise of online shopping has led to a significant increase in the volume of goods that need to be stored, sorted, and delivered promptly. To handle this surge efficiently, e-commerce companies are increasingly adopting automated logistics solutions. Automated warehouses, robotic sorting systems, and AI-driven inventory management are being used to meet the high expectations of consumers for fast and accurate deliveries. Thus, the e-commerce industry is fueling the growth of the logistics automation market. However, the high capital investments for logistics automation can impede the growth of the market. The cost of acquiring and integrating these technologies can be prohibitive for some organizations. This financial barrier can impede the adoption rate of automation solutions and limit market growth. Nonetheless, technological advancements offer lucrative opportunities for the growth of the logistics automation market. Innovations such as machine learning, artificial intelligence, IoT, and advanced robotics are continually enhancing the capabilities of automation solutions.

The global logistics automation market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among the regions, the North America region holds the largest share of the logistics automation market in terms of revenue. This can be attributed to the large number of established logistics and e-commerce companies that are early adopters of advanced technologies. Companies like Amazon, FedEx, and UPS invest heavily in automation to enhance their operational efficiency and meet the high demands of their customers. The presence of these industry giants drives the adoption of logistics automation solutions across the region. Additionally, increased e-commerce activity, and the rising manufacturing sector, resulted in expanding the logistics automation market. Moreover, the Asia Pacific region is expected to witness a rapid growth rate in the forecast years. The market is expected to grow significantly due to rising investments in implementing technology and automation in supply chain operations, distribution centers, and warehouses all over the region. Additionally, the region’s focus on improving production efficiency, accuracy, and scalability is expected to create opportunities for the logistics automation market in the forecast years.

Report Scope of the Logistics Automation Market:

Segment wise revenue contribution in the global logistics automation market

The report on global logistics automation market provides a detailed analysis of segments in the market based on Component, Function, Logistics Type, Organization Size, and End-use Industry.

Segmentation Based on Component

·       Hardware

·       Software

·       Services

Segmentation Based on Function

·       Warehouse & Storage Management

·       Transportation Management

Segmentation Based on Logistics Type

·       Sales Logistics

·       Production Logistics

·       Recovery Logistics

·       Procurement Logistics

Segmentation Based on Organization Size

·       Large Enterprises

·       Small & Medium Enterprises

Segmentation Based on End-use Industry

·       Retail & E-commerce

·       Manufacturing

·       Automotive

·       Logistics & Transportation

·       Pharmaceutical & Healthcare

·       Others

Company Profiled:

·       Dematic

·       Daifuku Co., Ltd.

·       Honeywell International Inc.

·       Swisslog Holding AG

·       Murata Machinery, Ltd.

·       Jungheinrich AG

·       KNAPP AG

·       Kardex

·       Mecalux, S.A.

·       SSI SCHAEFER Group

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the logistics automation market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.