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 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 facilitate overall efficacy of business through streamlining as well as automating of overall business processes that involves 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.
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:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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.
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
By Vertical
By Region
List of Figures
1. Market research Type
2. Market research methodology
3. Global Logistics Automation Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Logistics Automation Market attractiveness, By Process
6. Global Logistics Automation Market attractiveness, By Vertical
7. Global Logistics Automation Market share by Process ,2020 and 2028 (USD Billion)
8. Global Logistics Automation Market by Warehouse & Storage Management, 2018–2028(USD Billion)
9. Global Logistics Automation Market by Transportation Management, 2018–2028(USD Billion)
10. Global Logistics Automation Market share by Vertical ,2020 and 2028 (USD Billion)
11. Global Logistics Automation Market by Logistics & Transportation , 2018–2028(USD Billion)
12. Global Logistics Automation Market by Manufacturing , 2018–2028(USD Billion)
13. Global Logistics Automation Market by Retail , 2018–2028(USD Billion)
14. Global Logistics Automation Market by Oil & Gas , 2018–2028(USD Billion)
15. Global Logistics Automation Market by Healthcare, 2018–2028(USD Billion)
16. Global Logistics Automation Market by Automotive, 2018–2028(USD Billion)
17. Global Logistics Automation Market by Aerospace & Defense, 2018–2028(USD Billion)
18. Global Logistics Automation Market by Food & Beverage, 2018–2028(USD Billion)
19. Global Logistics Automation Market share, by Region, 2020 and 2028
20. North America Logistics Automation Market, 2018–2028(USD Billion)
21. Europe Logistics Automation Market, 2018–2028(USD Billion)
22. Asia Pacific Logistics Automation Market, 2018–2028(USD Billion)
23. Latin America Logistics Automation Market, 2018–2028(USD Billion)
24. The Middle East and Africa Logistics Automation Market, 2018–2028(USD Billion)
List of Tables
1. Global Logistics Automation Market: snapshot
2. Drivers of the Logistics Automation Market: impact analysis
3. North America Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
4. North America Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
5. The U.S. Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
6. The U.S. Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
7. Rest of North America Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
8. Rest of North America Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
9. Europe Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
10. Europe Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
11. UK Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
12. UK Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
13. France Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
14. France Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
15. Germany Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
16. Germany Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
17. Rest of Europe Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
18. Rest of Europe Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
19. Asia Pacific Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
20. Asia Pacific Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
21. China Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
22. China Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
23. Japan Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
24. Japan Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
25. India Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
26. India Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
27. Rest of Asia Pacific Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
28. Rest of Asia Pacific Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
29. Latin America Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
30. Latin America Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
31. Brazil Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
32. Brazil Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
33. Rest of Latin America Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
34. Rest of Latin America Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
35. The Middle East and Africa Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
36. The Middle East and Africa Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
37. Saudi Arabia Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
38. Saudi Arabia Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
39. South Africa Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
40. South Africa Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Logistics Automation Market revenue, By Process ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Logistics Automation Market revenue, By Vertical ,2018–2028(USD Billion)
Logistic automation is the computer-aided programming and/or automated machinery used to improve the efficiency of logistics operations. Normally this alludes to activities inside a warehouse or distribution center, with more extensive undertakings embraced by supply chain management systems and enterprise resource planning systems. Logistics automation frameworks can capably supplement the facilities provided by these higher level computer systems. More specifically, the term logistics automation can be used to describe the process of automating the storage and distribution of goods in a warehouse and transportation, by using robots and centrally managed computer systems. Many warehouses still do not have completely mechanized frameworks yet depend on pallet trucks and conveyor belts which require human intervention at the time of implementation. However, times are changing and the utilization of robots in the materials handling and logistics industry is winding up progressively.
Growing penetration of IoT & Logistics 4.0 in transportation and warehousing primarily drives the global logistics automation market. Logistics 4.0 deals with various aspects of end-to-end logistics and supply chain management in the perspective of Industry 4.0, IoT, emerging technologies, cyber-physical systems, advanced data analytics, and (semi-)autonomous decisions enabled by Artificial Intelligence. Reduction in operational cost due to the advanced automated logistic systems is another major factor driving the growth of logistics automation market across the globe. Logistics automation inherits features such as integration to commodities via ERP system and access to user’s address book, automatic storage, and entry of fuel surcharges and accessorial. Furthermore, increasing need for real-time freight in transportation system propels the growth of global logistics automation market. Real-time freight helps shippers and brokers with freight execution, business automation, internal and external transparency, and data-fueled decision-making. Implementation of driverless vehicles and drones in logistics system has been considered as a potential opportunity in global logistics automation market. However, high installation cost may hinder the growth of logistics automation market across the globe.
The logistics automation market is segmented into component, vertical, and region. On the basis of the component, the market is categorized into transportation management and warehouse & storage management. Warehouse & storage management segment is expected to gain significant growth in the forecast period in the logistics automation market. This is due to the growing implementation of advanced technologies such as robotics and IoT, in various industries to improve warehouse operations. The vertical segment includes logistics & transportation, retail, manufacturing, oil & gas, healthcare, automotive, aerospace & defense, food & beverage, and others. Retail industry vertical is anticipated to have the highest share in the logistics automation market during the forecast period. This is due to rapid growth in the retail and e-commerce industry which can be attributed to an increase in the adoption of logistics automation solutions. The geographical regions where the logistics automation market is diversified are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key players profiled in the global logistics automation market include Honeywell Intelligrated, Murata Machinery, Knapp AG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Vitronic, Beumer Group, Daifuku, and Swisslog, among others.
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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.
According to Zion market research report, 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.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to increase in purchase of goods through e-commerce apps along with thriving online retailing activities in sub-continent. Rise in acceptance of industrial 4.0 tools in manufacturing sector across countries such as India and China is predicted to set up (or establish) strong growth foundations for logistics automation industry in Asia Pacific region. With China and Japan being early adopters of new technologies in transport & logistics sector, the market for logistics automation in Asia Pacific 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 improving logistics methods and supply chain activities in these countries, thereby driving regional market trends.
The key market participants include Beumer Group, Honeywell Intelligrated, Vitronic, Muratec Murata Machinery, Ltd., Knapp AG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Daifuku Co., Ltd., and Swisslog.
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