The global logistics automation market size was US$ 55 billion in 2021. The global logistics automation market size is forecast to reach US$ 133 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.7% during the forecast period from 2022 to 2030.
Logistics Automation involves integrating hardware, software, and controls to boost the effectiveness of logistical processes. Logistics automation offers increased efficiency, control, and organization for procurement, production, inventory management, distribution, customer service, and recovery. Logistics automation systems comprise a variety of automated storage and transportation systems such as automatic guided vehicles, robotic arms, autonomous mobile robots, automated storage & retrieval systems (AS/RS), warehouse management software, and transportation management software. Numerous advantages of logistics automation include real-time access to loading and data analysis, organizational control, better customer service, scalability, and speed.
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Factors Influencing Market Growth
Enhanced efficiency & workforce safety, increase in e-commerce, the popularity of industry 4.0 technologies, and advances in robotics technologies drive the global market.
The increased initial investment may slow down the overall market growth.
The rise in the adoption of autonomous vehicles and drones and increasing demand for warehouse automation from emerging economies are forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. Companies had to reorganize their warehouses to handle e-commerce logistics as a result of the increase in online sales. At the same time, firms have also had to preserve the health & safety of their people working along the entire supply chain. Several logistics organizations changed their workforces and chose logistics automation in order to meet e-commerce demand and adapt to the new environment.
Regional Analysis
North America accounted for major market revenue in 2021. As a result of the existence of a considerable number of retails, eCommerce, transportation, automotive, industrial, healthcare and pharma enterprises.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the rising adoption of new technologies, increase in online sales, and the development of logistics and transportation industries.
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Leading Competitors
The leading prominent companies profiled in the global logistics automation market are:
Beumer Group GmbH & Co. KG
Daifuku Co., Limited
Honeywell International Incorporated
Jungheinrich AG
Kion Group AG
Knapp AG
Mecalux, S.A.
Murata Machinery, Limited
SSI Schaefer Group
TGW Logistics Group GmbH
Other Prominent Players
Scope of the Report
The global logistics automation market segmentation focuses on Component, Function, Organization Size, Industry Vertical, and Region.
Segmentation based on Component
Hardware
Software
Services
Segmentation based on Function
Warehouse and Storage Management
Transportation Management
Segmentation based on Organization Size
Large Enterprises
SMEs
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Segmentation based on Industry Vertical
3PL
Aerospace and Defense
Chemicals
Fast-Moving Consumer Goods (FMCG)
Healthcare and Pharmaceuticals
Manufacturing
Oil, Gas, and Energy
Retail and eCommerce
Others (paper and printing, and textiles and clothing)
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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