ID: MRFR/ICT/6547-HCR | February 2021 | Region: Global | 111 pages
The global logistics automation market is estimated to reach USD 89.72 Billion by 2026, registering a CAGR of 10% during the forecast period. The exponential growth of e-commerce is a major factor propelling the growth of the global logistics automation market. Digitalization has transformed the shopping experience among users and has provided a potential platform for small and medium size vendors, apart from the large-sized vendors. Logistics automation allows industries to improve customer services by providing information in real time; for instance, automation has increased the productivity in transportation, allowing the user to get the information such as freight rates and transportation modes in real time. Moreover, automation in logistics has revolutionized the transportation industry by reducing the errors, resulting in the reduction of expenses, as errors in supply chain can increase the shipping cost. Moreover, with the advancements in technology has led the user to control the process or a machine through mobile gadgets and smartphones. Automation has as increased the working speed and scalability in the logistics industry.
Moreover, the companies present in the global logistics automation markets are developing new solutions, hardware, and software. In 2016, The KION Group acquired Dematic Corp., one of the key players in the supply chain of automation present in US. The acquisition was made to enhance the former’s position in the market. In 2017, Toyota Industries Corporation (TICO) signed an agreement to acquire Vanderlande Industries BV—the acquisition was made to improve customer services and to offer automation solutions to industries globally. The companies are focusing on strategies such as partnership, acquisition, and investments in research and development, which are contributing to the growth of the market. However, high capital is required to deploy the logistics automation solutions, as large warehouse facilities require the installation of software, solutions, and automation equipment that increases the expenses of a company, limiting the market for small- and medium-size companies; this acts as a restraint for the global logistics automation market.
The key players in the global logistics automation market are Dematic Corp. (US), Daifuku Co., Ltd (Japan), Swisslog Holding AG (Switzerland), Honeywell Intelligrated (US), Murata Machinery Limited(Japan), Knapp AG(Austria), Jungheinrich AG (Germany), SSI Schaefer LLC (UAE), MecaluxSA (Spain),, VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), and Falcon Autotech (UK).
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Global Logistics Automation, 2019–2026 (USD Billion)
Source: MRFR Website
The market for global logistics automation market is estimated to grow at a significant rate during the period from 2019 to 2026. The geographical analysis of logistics automation has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, and the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).
At present, North America holds the largest market share being an early adopter of the technology. Moreover, the presence of various manufacturing, transportation, retail, automotive, healthcare, and pharmaceutical industries, which are some of the earliest adopters of automation software and solution, are also contributing to the market growth. Moreover, the presence of key players in the region such as XPO Logistics, Americold Logistics, and Honeywell Intelligrated, that offer solutions, services, and software also contributes to the growth of the market.
Europe held the second largest market share in the global logistics automation market in 2019 due to the presence of various global players in the region, such as Jungheinrich AG, Knapp AG, and Swisslog. Asia-Pacific is expected to be the fastest growing regional market due to the rapid adoption of the technology among the manufacturing, retail, transportation, automation, and other industries.
|Market Size||USD 89.72 Billion (2026)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Component, By Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Dematic Corp. (US), Daifuku Co., Ltd (Japan), Swisslog Holding AG (Switzerland), Honeywell Intelligrated (US), Murata Machinery Limited(Japan), Knapp AG(Austria), Jungheinrich AG (Germany), SSI Schaefer LLC (UAE), MecaluxSA (Spain),, VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), and Falcon Autotech (UK).|
|Key Market Opportunities||The exponential growth of e-commerce is a major factor propelling the growth of the global logistics automation market.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The logistics automation market can thrive at 10% CAGR by 2026.
The logistics automation market can value at USD 89.72 Bn by 2026.
Toshiba Infrastructure Systems & Solutions Corporation (Japan), WiseTech Global (Australia), and TGW Logistics Group GmbH (Austria) are some reputed names in the logistics automation market.
Transportation management and warehouse management are areas of applications of logistics automation.
Retail, manufacturing, e-commerce, healthcare, oil & gas, pharmaceuticals, and automation are some of the end-users of logistics automation.