The latest report by IMARC Group, 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. 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:

  • Growth of E-Commerce:

The logistics automation industry is primarily driven by the rapid expansion of e-commerce. With the rise of online shopping, there is an increased demand for faster and more efficient delivery services. Consumers now expect same-day or next-day delivery, pressurizing logistics companies to optimize their operations. Logistics automation enables companies to meet these high consumer expectations using advanced technologies such as automated sorting systems, robotic pick-and-pack solutions, and autonomous vehicles. Moreover, the integration of automation enhances operational efficiency and reduces errors and operational costs, making it a vital component for businesses seeking to stay competitive in the fast-paced e-commerce market.

  • Increasing Demand for Efficiency and Accuracy:

The pressure to enhance operational efficiency and accuracy is driving the adoption of logistics automation. In the competitive market of today, companies are focused on minimizing errors, reducing operational costs, and speeding up delivery times. Automated systems help achieve these goals by reducing manual handling errors, optimizing workflows, and increasing throughput. For instance, automated warehouses can operate 24/7 with minimal human intervention, significantly boosting productivity. Moreover, automation helps in better inventory management and order fulfillment, leading to higher consumer satisfaction. With businesses striving to meet high service standards and operational benchmarks, the demand for automation solutions that deliver greater efficiency and accuracy continues to rise.

  • Frequent Technological Advancements:

The logistics automation industry is significantly impacted by technological advancements and continuous innovation. The development of cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and big data analytics has revolutionized the logistics sector. These technologies enable more intelligent and adaptive automation systems that can predict demand, optimize routes, and manage inventories more effectively. Furthermore, innovations in robotics, such as collaborative robots (cobots) and automated guided vehicles (AGVs), are increasingly being adopted in warehouses and distribution centers to streamline operations. The ongoing innovation in automation technology provides scalable solutions that can be customized to meet the specific needs of different logistics operations, facilitating market expansion.

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

 

Leading Companies Operating in the Global Logistics Automation Market

  • 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: 

By Component:

·         Hardware

o    Mobile Robots (AGV, AMR)

o    Automated Storage and Retrieval Systems (AS/RS)

o    Automated Sorting Systems

o    De-palletizing/Palletizing Systems

o    Conveyor Systems

o    Automatic Identification and Data Collection (AIDC)

o    Order Picking

·         Software

o    Warehouse Management Systems (WMS)

o    Warehouse Execution Systems (WES)

·         Services

o    Value Added Services

o    Maintenance

Hardware dominates the market due to its foundational role in implementing and operating automated systems, encompassing robotics, sensors, and conveyors that are essential for streamlining logistics operations.

By Function:

  • Warehouse and Storage Management
  • Transportation Management

Transportation management holds the maximum number of shares as it optimizes the planning, execution, and tracking of shipments, which is crucial for improving efficiency and reducing costs in the supply chain.

By Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Large enterprises represent the largest segment as they have the resources and scale to invest in sophisticated automation technologies that enhance their complex and extensive supply chains.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 dominates the market as it requires extensive and efficient management of raw materials, components, and finished goods, making automation essential for optimizing production and supply chain processes.

Regional Insights:



  • 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’s dominance in the logistics automation market can be attributed to its advanced technological infrastructure, high adoption rates of automation solutions, and the presence of numerous leading logistics and manufacturing companies.

Global Logistics Automation Market Trends:

The logistics automation industry is significantly influenced by the increasing focus on sustainability and environmental responsibility. With businesses and consumers becoming more conscious of their environmental impact, there is a growing demand for logistics solutions that can minimize carbon footprints and reduce waste. Logistics automation plays a significant role in achieving these goals by optimizing resource utilization, reducing energy consumption, and minimizing errors that lead to waste. For instance, automated systems can optimize transportation routes to reduce fuel consumption, while warehouse automation can improve space utilization and reduce the need for excess packaging. Additionally, the integration of automation with data analytics allows companies to monitor and manage their environmental impact more effectively, enabling them to comply with regulations and meet sustainability targets. This shift toward greener logistics practices is propelling companies to invest in automation technologies that align with their sustainability goals, creating a favorable market outlook.

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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