IMARC Group, a leading market research company, has recently releases report titled “Logistics Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global logistics automation market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Logistics Automation
Logistics automation refers to the usage of advanced technologies and software systems to streamline and optimize various aspects of the supply chain process. It encompasses a range of functionalities, including inventory management, order fulfillment, transportation, and warehouse operations. It helps to enhance the overall efficiency, accuracy, and cost-effectiveness of the supply chain, thereby ensuring a seamless flow of goods from manufacturers to consumers. It streamlines operations, reducing manual tasks and minimizing errors, which results in faster order processing, improved inventory management, and reduced operational costs. It leads to substantial cost savings by optimizing routes, reducing labor costs, and minimizing fuel consumption. It minimizes human errors, ensuring that orders are delivered accurately and on time, which enhances customer satisfaction and loyalty.
How Big Is the Logistics Automation Market?
The global logistics automation market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 137.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.93% during 2023-2028.
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What are the growth prospects and trends in the logistics automation industry?
The growing demand for logistics automation, as it provides real-time tracking and monitoring of shipments, enabling businesses to respond swiftly to disruptions, thereby increasing overall supply chain resilience represents one of the key factors offering a favorable market outlook. In addition, automated systems can easily adapt to changing business demands, making it easier for companies to scale their logistics operations as needed.
Besides this, the rising number of online shopping platforms is leading to increasing demand for efficient logistics solutions to manage the surge in deliveries. Moreover, innovations in robotics, artificial intelligence (AI), and Internet of Things (IoT) are making automation more accessible and cost-effective, attracting businesses to invest in logistics automation. In line with this, expanding global trade necessitates efficient logistics operations to handle international shipments, which is propelling the growth of the market.
Additionally, sustainability initiatives are driving companies to adopt automation to reduce carbon footprints by optimizing routes and minimizing energy consumption. Apart from this, the increasing demand for logistics automation, as it addresses the challenges posed by labor shortages, making it a viable solution in markets where finding skilled labor is difficult.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Mobile Robots (AGV, AMR)
- Automated Storage and Retrieval Systems (AS/RS)
- Automated Sorting Systems
- De-palletizing/Palletizing Systems
- Conveyor Systems
- Automatic Identification and Data Collection (AIDC)
- Order Picking
- Warehouse Management Systems (WMS)
- Warehouse Execution Systems (WES)
- Value Added Services
Breakup by Function:
- Warehouse and Storage Management
- Transportation Management
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Healthcare and Pharmaceuticals
- Fast-Moving Consumer Goods (FMCG)
- Retail and E-Commerce
- Aerospace and Defense
- Oil, Gas and Energy
Breakup by Region:
- 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
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Who are the key players operating in the industry?
The report covers the major market players including:
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 and Swisslog Holding AG (KUKA AG).
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