Logistics Automation Market Size, Share, Growth Report 2030

Logistics Automation Market Size

The global Logistics Automation Market accrued earnings worth approximately 53.01 (USD Billion) in 2020 and is predicted to gain revenue of about 134.11 (USD Billion) by 2028, is set to record a CAGR of nearly 12.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Logistics Automation Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Logistics Automation Market: Overview

Logistics automation is use of either computer software or automated device for enhancing efficacy of logistics functions. Reportedly, logistics automation devices perform different functions in warehouse. In addition to this, logistics automation tools carry operations such as automated goods in processes, repackaging of goods, automated dispatch processing, and automated goods retrieval for orders. Apparently, logistics automation is rapidly replacing conventional logistics processes as it facilitates the overall efficacy of business through streamlining as well as automating of overall business processes that involve freight operation processing, process tracking, and documentation.

Key benefits of logistic automation are reduction in errors as compared to those caused due to conventional or manual handling of logistics. Apart from this, it helps in improving customer services along with scalability of business operations.  Moreover, logistics automation has become a key component of supply chain practices for large number of firms offering freight consolidation, warehousing, inventory management, order fulfillment, and transport services.

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Logistics Automation Market: Growth Drivers

Massive demand for reducing shipping costs and effective stock record keeping will drive market trends. Rise in e-commerce activities in retail industry will produce new growth avenues for logistics automation market. Apart from this, surge in acceptance of robots in a slew of industries is projected to spur expansion of logistics automation market. Massive requirement of bringing proficiency in warehousing & inventory management activities is anticipated to generate new growth opportunities over ensuing years. In addition to this, onset of industrial internet of things helping in performing of multiple tasks including material batching, warehouse security, ordering, picking of goods & materials, and material inspection is expected to embellish expansion of logistics automation industry.

Moreover, application of IoT tools in warehouse for real-time transfer of data and big data analytics will prop up growth of logistics automation industry. Nonetheless, outbreak of COVID-19 pandemic adversely impacted warehouse & logistics operations due to less movement of goods from one place to another, thereby putting brakes on market growth.

Report Scope:

Logistics Automation Market: Regional Landscape

Asia Pacific To Contribute Majorly Towards Market Size Over 2021-2028

Rise in acceptance of industrial 4.0 in manufacturing activities is projected to create new dimensions of growth for logistics automation industry in Asia Pacific Zone. Increase in purchase of goods through e-commerce apps along with thriving online retailing activities will steer regional market growth. With China and Japan being early adopters of new technologies in transport & logistics sector, the market for logistics automation is predicted to gain traction in upcoming years. Furthermore, countries such as India, New Zealand, and Australia have also started accepting & investing in production of logistics automation equipment for enhancing logistics methods and supply chain activities in these countries, thereby driving regional market growth.  

Logistics Automation Market: Competitive Landscape

Key players leveraging market progression and profiled in study are Beumer Group, Honeywell Intelligrated, Vitronic, Muratec Murata Machinery, Ltd., Knapp AG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Daifuku Co., Ltd., and Swisslog.

The global Logistics Automation Market is segmented as follows:

By Process

• Warehouse & Storage Management
• Transportation Management

By Vertical

• Logistics & Transportation
• Manufacturing
• Retail
• Oil & Gas
• Healthcare
• Automotive
• Aerospace & Defense
• Food & Beverage

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa