Logistics Automation Market Size, Share, Trends, Report 2024-2032

 IMARC Group, a leading market research company, has recently releases report titled “Logistics Automation Market Report by Component (Hardware, Software, Services), Function (Warehouse and Storage Management, Transportation Management), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Industry Vertical (Manufacturing, Healthcare and Pharmaceuticals, Fast-Moving Consumer Goods (FMCG), Retail and E-Commerce, 3PL, Aerospace and Defense, Oil, Gas and Energy, Chemicals, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the market.

How Big Is the Logistics Automation Market?

The global logistics automation market size reached US$ 73.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 204.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.7% during 2024-2032.

Factors Affecting the Growth of the Logistics Automation Industry:

• E-commerce Growth and Consumer Expectations:

The significant growth of e-commerce and evolving consumer expectations for faster, more reliable delivery services are pivotal drivers of the logistics automation market. As online shopping becomes increasingly prevalent, businesses are under pressure to streamline their logistics and supply chain operations to meet demand efficiently. Automation technologies, including robotics, artificial intelligence (AI), and advanced software systems, play a crucial role in optimizing warehouse operations, inventory management, and transportation, enhancing speed and accuracy. Market analysis indicates that the rise in e-commerce sales is propelling the demand for logistics automation solutions, significantly contributing to market growth. This trend is expanding the market size as companies invest in automation to retain a competitive edge and satisfy consumer demands.

• Technological Advancements and Integration:

Technological advancements in robotics, AI, the Internet of Things (IoT), and machine learning are driving the logistics automation market forward. These technologies enhance the capabilities of logistics automation systems, making them more efficient, flexible, and intelligent. Additionally, the integration of these advanced technologies enables real-time tracking, predictive analytics, and autonomous operations, streamlining logistics processes from warehouse management to last-mile delivery. Market trends show a growing adoption of these technological solutions as businesses seek to reduce operational costs, improve productivity, and enhance decision-making processes. The continuous innovation and integration of cutting-edge technologies are key factors contributing to market growth and are shaping the market outlook.

• Labor Shortages and Operational Efficiency:

Labor shortages in the logistics and warehousing sectors are a significant factor propelling the adoption of automation solutions. Automation helps mitigate the impact of labor constraints by performing repetitive tasks, reducing the reliance on manual labor, and improving operational efficiency. As businesses face challenges in recruiting and retaining skilled labor, logistics automation presents an effective solution to maintain high levels of productivity and service quality. Market analysis underscores the role of automation in addressing labor challenges, with market growth being driven by companies investing in automated systems to ensure resilience and efficiency in their supply chain operations. The emphasis on operational efficiency and the need to overcome labor shortages are driving market trends and influencing market size and share.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/logistics-automation-market/requestsample

Leading Companies Operating in the Global Logistics Automation Industry:

• ABB Ltd.
• Beumer Group GmbH & Co. KG
• Daifuku Co. Ltd.
• Dematic (Kion Group AG)
• Honeywell International Inc.
• Jungheinrich AG
• Kardex Group
• Knapp AG
• Mecalux S.A.
• Murata Machinery Ltd.
• Oracle Corporation
• SAP SE
• Swisslog Holding AG (KUKA AG)

Logistics Automation Market Report Segmentation:

Breakup by Component:

• Hardware
  • Mobile Robots (AGV, AMR)
  • Automated Storage and Retrieval Systems (AS/RS)
  • Automated Sorting Systems
  • De-palletizing/Palletizing Systems
  • Conveyor Systems
  • Automatic Identification and Data Collection (AIDC)
  • Order Picking
• Software
  • Warehouse Management Systems (WMS)
  • Warehouse Execution Systems (WES)
• Services
  • Value Added Services
  • Maintenance

Hardware represents the largest segment due to the essential role of physical automation equipment such as robots, conveyors, and sorting systems in enhancing the efficiency and speed of logistics operations.

Breakup by Function:

• Warehouse and Storage Management
• Transportation Management

Transportation management represents the largest segment as optimizing transportation operations is crucial for reducing costs and improving service delivery in the logistics chain, making it a primary focus for automation technologies.

Breakup by Enterprise Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Large enterprises constitute the largest segment as they have the capital to invest in comprehensive logistics automation solutions, enabling them to significantly improve operational efficiency and maintain competitive advantage.

Breakup by Industry Vertical:

• Manufacturing
• Healthcare and Pharmaceuticals
• Fast-Moving Consumer Goods (FMCG)
• Retail and E-Commerce
• 3PL
• Aerospace and Defense
• Oil, Gas and Energy
• Chemicals
• Others

Manufacturing represents the largest segment due to the critical need for streamlined logistics and supply chain operations to support production processes, manage inventory, and ensure timely distribution of goods.

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

North America is the largest market, attributed to its advanced technology infrastructure, strong e-commerce sector, and the presence of leading logistics and automation solution providers, driving adoption and innovation in logistics automation.

Global Logistics Automation Market Trends:

The logistics automation market is witnessing a significant trend toward the adoption of green and sustainable practices, as companies aim to reduce their carbon footprint and energy consumption in logistics operations. This shift is driving the development and implementation of energy-efficient automated systems and vehicles, contributing to environmentally friendly supply chains.

Additionally, there's an increasing emphasis on the use of data analytics and cloud-based platforms for enhanced visibility and control over logistics processes, enabling predictive maintenance and optimized resource allocation. Moreover, the collaboration between logistics firms and technology providers is fostering innovation, leading to the creation of more integrated and intelligent automation solutions, further propelling market growth.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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