Market Research Future (MRFR) has published a cooked research report on the “Global Logistics Automation Market” that contains information from 2022 to 2030. The Logistics Automation Market is estimated to register a CAGR of 12.30% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the global Logistics Automation Market—Dematic Corp., Daifuku Co. Ltd., Swisslog Holding AG, Honeywell Intelligrated, Murata Machinery Limited, Knapp AG, Jungheinrich AG, SSI Schaefer LLC, MecaluxSA, VITRONIC, Beumer Group, Toshiba Infrastructure Systems & Solutions Corporation, and TGW Logistics Group GmbH.
Market Highlights
The global Logistics Automation Market is accounted to register a CAGR of 12.30% during the forecast period and is estimated to reach USD 123.2 Billion by 2030.
The Logistics Automation Market refers to the industry segment that focuses on the use of automation technologies and systems to streamline and optimize various logistical processes within supply chain management.
The market for logistics automation is driven by factors such as the growing need for cost reduction and operational efficiency in logistics operations, increasing complexities in supply chain networks, rising demand for faster order fulfillment, and the adoption of advanced technologies in various industries.
Segment Analysis
The global Logistics Automation Market has been segmented based offerings, application and size.
On the basis of offerings, the market is segmented into Software, Hardware, and Services. Software plays a critical role in logistics automation by providing the intelligence, control, and connectivity required to manage and optimize automated processes.
Based on application, the market has been segmented into warehouse management and transportation management. Transportation management systems help reduce transportation costs, improve delivery times, enhance carrier collaboration, and increase overall transportation efficiency.
Based on size, the market has been segmented into SMEs and Large Enterprises. Large enterprise have the capacity to deploy extensive automation technologies, such as advanced robotics, AI-powered systems, and complex data analytics, to optimize their supply chain and logistics operations.
Regional Analysis
The global Logistics Automation Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Logistics Automation Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Logistics Automation Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Logistics Automation Market comprises of Middle East, Africa, and Latin America.
The North American region, comprising the United States and Canada, has a mature logistics automation market. The presence of established logistics and e-commerce companies, advancements in technology, and the need for efficient supply chain management drive the market growth in this region.
Europe is another significant region for logistics automation. The region's strong manufacturing and e-commerce sectors, along with government initiatives promoting automation, contribute to market growth.
The Asia-Pacific region, including countries like China, Japan, India, and South Korea, represents a rapidly growing logistics automation market. The rising e-commerce industry, expanding manufacturing sector, increasing consumer demands, and investments in infrastructure development are driving the adoption of logistics automation technologies in this region.
Furthermore, the rest of the world's Logistics Automation Market is divided into the Middle East, Africa, and Latin America. Latin America is also witnessing growth in the logistics automation market. Countries like Brazil, Mexico, and Argentina are adopting automation technologies to optimize their supply chain processes, improve operational efficiency, and enhance customer service.
Key Findings of the Study