Logistics Automation Market Size, Share & Growth Report 2031
Logistics Automation Market Size, Share & Growth Report 2031
Segments - Logistics Automation Market by Logistic Type (Production Logistics, Sales Logistics, Procurement Logistics, and Recovery Logistics), Component (Software [Transportation Management System (TMS) Software and Warehouse Management System (WMS) Software], Services [Deployment & Integration, Consulting, and Support & Maintenance], and Hardware [Automated Storage and Retrieval Systems, Automated Sorting Systems, Automatic Identification & Data Collection, Conveyor Systems, De-palletizing/Palletizing Systems, Mobile Robots, and Order Picking]), Organization Size (Large Enterprises and SMEs), Application (Yard Management, Inventory Management, Labor Management, Vendor Management, Order Management, Customer Support, Shipping Management, and Others), End-user (Retail & E-commerce, Manufacturing, Oil & Gas, Food & Beverage, Automotive, Healthcare & Pharmaceutical, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Growth, Share, Size, Trends
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| Report ID :ICT-SE-4572
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Report Description
Logistics Automation Market Outlook 2031
The global logistics automation market size was valued at USD 29.92 Billion in 2022 and is expected to surpass USD 66.61 Billion by 2031 expanding at a CAGR of 9.3% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing technological advancements in robotics.
Logistic automation generally refers to using automation software and control systems to enhance the effectiveness of logistics operations. The use of logistics automation reduces human error and almost negates error factors in business operations. It makes things easy for organizations, instead of replacing labor with robots’ automation-adopted logistic companies are assigning duties to staff which involve close participation with robots. The shortage of labor, technological advances, and rising demand from online retailers is manipulating industries to adopt automation in logistics.
There are numerous advantages to executing services related to automating jobs such as documentation, tracking, and freight operations. Moreover, the technology offers several advantages such as rate transparency, extraordinary scalability, and improved user experiences for companies.
The COVID-19 pandemic has impacted the market similar to every other industry, as during that period several businesses face labor issues owing to the lockdown imposed, and several restrictions were made. Moreover, e-commerce is also making its way during the midst of the pandemic. Omni-channel distribution is also growing as it sells across a variety of channels and in online marketplaces. Furthermore, collaborative robots were working alongside human staff to reduce errors.
Artificial Intelligence (AI) Impact on Logistics Automation Market
With the increasing technological advancements in Artificial Intelligence and machine Learning, nearly every industry is adopting some of its aspects. When it comes to logistics automation, AI has a significant impact on this field as well.Automation in logistics and warehouse-related things precisely means robots working in warehouses to reduce the workload and on-time delivery of products. Companies including Alibaba and PepsiCo’s Frito Lay Operations use robots to reduce workforce issues.
Moreover, to improve efficiency logistic companies are introducing wristband that vibrates and guided vehicles that move around the warehouse and virtual reality goggles. For instance, A Belgium logistics company 2XL implements automation to solve efficiency barriers. The company launched automatic guided vehicles, ensuring that it will solve the related issues and pay their investments back.
Logistics Automation Market Dynamics
Major Drivers
Logistic automation helps in accessing real-time data which is expected to drive the market. By doing this companies are able to manage their inventory and invoices better this in turn helps in maintaining timely payments. Moreover, with the help of automation in logistics errors can be reduced as the data entered during shipping or the documentation process is automated. Manual data entry or documentation error correction is too expensive when it comes to logistics thus, automation is needed.
Existing Restraints
High cost of initial investment is expected to restrain the market. Automation is an essential part of logistics, however, the cost of setting up the whole procedure is costly including purchasing automated storage and retrieval systems, automation endeavor, and others. Moreover, lack of trained individuals in these sectors further restraints the market as organizations need skilled individuals to handle the automation process. Thus, this is another restraining factor to hinder the market.
Emerging Opportunities
Integration of advanced technology such as industry 4.0 deployment and cloud-based platforms is projected to offer several growth opportunities for the market.
Rising advancements in modern technologies such as advanced software, cloud computing, and big data, as well as increasing usage of Internet of Things (IoT)-enabled linked devices are projected to propel the market in the coming years.
Scope of Logistics Automation Market Report
The market report includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Logistics Automation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Logistic Type (Production Logistics, Sales Logistics, Procurement Logistics, and Recovery Logistics), Component (Software [Transportation Management System (TMS) Software and Warehouse Management System (WMS) Software], Services [Deployment & Integration, Consulting, and Support & Maintenance], and Hardware [Automated Storage and Retrieval Systems, Automated Sorting Systems, Automatic Identification & Data Collection, Conveyor Systems, De-palletizing/Palletizing Systems, Mobile Robots, and Order Picking]), Organization Size (Large Enterprises and SMEs), Application (Yard Management, Inventory Management, Labor Management, Vendor Management, Order Management, Customer Support, Shipping Management, and Others), and End-user (Retail & E-commerce, Manufacturing, Oil & Gas, Food & Beverage, Automotive, Healthcare & Pharmaceutical, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
6 River Systems, LLC; BEUMER GROUP; ABB; Daifuku Co., Ltd; Blue Yonder Group, Inc.; ek robotics GmbH; SCHAEFER SYSTEMS INTERNATIONAL PVT LTD; Dematic; GreyOrange; Falcon Autotech; Honeywell International Inc.; HighJump; KNAPP AG; Jungheinrich AG; Manhattan Associates; Locus Robotics; System Logistics S.p.A.; ZEBRA; Seegrid Corporation; TGW Logistics Group; and Swisslog Holding AG |
Logistics Automation Market Segment Insights
Logistic Type Segment Analysis
On the basis of logistic type, the market is classified as production logistics, sales logistics, procurement logistics, and recovery logistics. The sales logistic segment is likely to dominate the market during the forecast period. Sales logistics is the process of completing an order as it moves through a company's supply chain.
It includes ordering inventory from suppliers and forecasting demand, it also makes sure that products are delivered to customers on time. It is the most important role in automation logistics as it moves products from the producer to the consumer.
Component Segment Analysis
Based on component, the logistics automation market is segmented into software, services, and hardware. The hardware segment is further classified into automated storage and retrieval systems (AS/RS), automated sorting systems, automatic identification & data collection (AIDC), conveyor systems, de-palletizing/palletizing systems, mobile robots, and order picking.
The hardware segment is projected to hold a significant market share. Warehouse and transportation management are aggressively deploying logistics automation robots to automate the process of storing and transferring things throughout supply chain procedures. These robots are widely deployed in warehouse and storage facilities to help with product movement and arrangement.
Organization Size Segment Analysis
On the basis of organization size, the market is bifurcated into large enterprises and SMEs. The large enterprises segment is anticipated to account for a substantial market share due to the growing use of IoT technology and large capital investments. Moreover, rapid growth of e-commerce platforms and wide requirement for robust logistic services for these sectors are likely to boost the segment.
Application Segment Analysis
In terms of application, the logistics automation market is segmented as yard management, inventory management, labor management, vendor management, order management, customer support, shipping management, etc.
The warehouse management system (WMS) segment is projected to expand robustly during the forecast period due to the wide application of technology for warehouse management. The technology is widely used for rearranging, dumping, and packing for shipment in warehouses as cataloging, resource management, inventory management, and internal product handling are all converted into automation.
End-user Segment Analysis
Based on end-user, the market is segregated into retail & e-commerce, manufacturing, oil & gas, food & beverage, automotive, healthcare & pharmaceutical, and others. The manufacturing segment is anticipated to register a substantial growth rate in the coming years as a vast expansion of the manufacturing sectors.
Besides the requirement for the management of raw materials at every stage of production, manufacturers need to maintain the smooth functioning of supplies to merchants or supply chains.
The retail and e-commerce segment, however, is anticipated to hold a substantial market share. Logistics automation services and software providers play a vital role in retail industries striving to implement online and e-commerce channel strategies.
Customers now expect free shipping, thus retailers are turning to logistics automation solution providers to manage their supply chain activities to meet customer expectations.
Regional Analysis
In terms of region, the logistics automation market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to the technological innovations across numerous sectors, particularly in countries including India, Japan, China, Australia, and New Zealand.
These countries have traditionally encouraged and supported technical for industrial development. They also have a robust technology infrastructure, which encourages the use of logistics automation solutions across all industrial verticals.
Furthermore, the strong presence of e-commerce firms in the region and rising massive investment to enhance their supply chain network and logistics procedures by implementing logistics automation solutions present another key driver of the regional market.
Segments
The global logistics automation market has been segmented on the basis of
Logistic Type
- Production Logistics
- Sales Logistics
- Procurement Logistics
- Recovery Logistics
Component
- Software
- Transportation Management System (TMS) Software
- Warehouse Management System (WMS) Software
- Services
- Deployment & Integration
- Consulting
- Support & Maintenance
- Hardware
- Automated Storage and Retrieval Systems
- Automated Sorting Systems
- Automatic Identification & Data Collection
- Conveyor Systems
- De-palletizing/Palletizing Systems
- Mobile Robots
- Order Picking
Organization Size
- Large Enterprises
- SMEs
Application
- Yard Management
- Inventory Management
- Labor Management
- Vendor Management
- Order Management
- Customer Support
- Shipping Management
- Others
End-user
- Retail & E-commerce
- Manufacturing
- Oil & Gas
- Food & Beverage
- Automotive
- Healthcare & Pharmaceutical
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Player
- 6 River Systems, LLC
- BEUMER GROUP
- ABB
- Daifuku Co., Ltd
- Blue Yonder Group, Inc.
- ek robotics GmbH
- SCHAEFER SYSTEMS INTERNATIONAL PVT LTD
- Dematic
- GreyOrange
- Falcon Autotech
- Honeywell International Inc.
- HighJump
- KNAPP AG;
- Jungheinrich AG
- Manhattan Associates
- Locus Robotics
- System Logistics S.p.A.
- ZEBRA
- Seegrid Corporation
- TGW Logistics Group
- Swisslog Holding AG
Competitive Landscape
Key players competing in the global logistics automation market are 6 River Systems, LLC; BEUMER GROUP; ABB; Daifuku Co., Ltd; Blue Yonder Group, Inc.; ek robotics GmbH; SCHAEFER SYSTEMS INTERNATIONAL PVT LTD; Dematic; GreyOrange; Falcon Autotech; Honeywell International Inc.; HighJump; KNAPP AG; Jungheinrich AG; Manhattan Associates; Locus Robotics; System Logistics S.p.A.; ZEBRA; Seegrid Corporation; TGW Logistics Group; and Swisslog Holding AG.
These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
- In June 2023, Kingston Technology Far East Corp., a leading global manufacturer of memory and storage solutions, has selected to implement Blue Yonder’s SaaS-based supply planning solution, to improve its supply chain planning capabilities and customer satisfaction. It will enable Kingston to produce more accurate, insightful, and coordinated plans to streamline manufacturing and supply.
- In May 2023, 6 River Systems is pleased to announce that Ocado Group, a leading global fulfillment solutions provider headquartered in the UK, has started an agreement to acquire the company. This partnership enables 6 River Systems to combine their products and services with Ocado’s operations, while also allowing them to focus on building and improving their “Chuck” based offerings in use in over 100 warehouses by over 70 customers around the world.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Logistics Automation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Logistics Automation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Logistics Automation Market - Supply Chain
4.5. Global Logistics Automation Market Forecast
4.5.1. Logistics Automation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Logistics Automation Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Logistics Automation Market Absolute $ Opportunity
5. Global Logistics Automation Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Logistics Automation Market Size and Volume Forecast by Applications
5.3.1. Transportation Management System
5.3.2. Warehouse Management System
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Logistics Automation Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Logistics Automation Market Size and Volume Forecast by End Users
6.3.1. Retail & E-commerce
6.3.2. Manufacturing
6.3.3. Oil & Gas
6.3.4. Food & Beverage
6.3.5. Automotive
6.3.6. Healthcare & Pharmaceutical
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Logistics Automation Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Logistics Automation Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Logistics Automation Demand Share Forecast, 2019-2026
8. North America Logistics Automation Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Logistics Automation Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Logistics Automation Market Size and Volume Forecast by Applications
8.4.1. Transportation Management System
8.4.2. Warehouse Management System
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Logistics Automation Market Size and Volume Forecast by End Users
8.7.1. Retail & E-commerce
8.7.2. Manufacturing
8.7.3. Oil & Gas
8.7.4. Food & Beverage
8.7.5. Automotive
8.7.6. Healthcare & Pharmaceutical
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Logistics Automation Demand Share Forecast, 2019-2026
9. Latin America Logistics Automation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Logistics Automation Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Logistics Automation Market Size and Volume Forecast by Applications
9.4.1. Transportation Management System
9.4.2. Warehouse Management System
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Logistics Automation Market Size and Volume Forecast by End Users
9.7.1. Retail & E-commerce
9.7.2. Manufacturing
9.7.3. Oil & Gas
9.7.4. Food & Beverage
9.7.5. Automotive
9.7.6. Healthcare & Pharmaceutical
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Logistics Automation Demand Share Forecast, 2019-2026
10. Europe Logistics Automation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Logistics Automation Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Logistics Automation Market Size and Volume Forecast by Applications
10.4.1. Transportation Management System
10.4.2. Warehouse Management System
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Logistics Automation Market Size and Volume Forecast by End Users
10.7.1. Retail & E-commerce
10.7.2. Manufacturing
10.7.3. Oil & Gas
10.7.4. Food & Beverage
10.7.5. Automotive
10.7.6. Healthcare & Pharmaceutical
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Logistics Automation Demand Share Forecast, 2019-2026
11. Asia Pacific Logistics Automation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Logistics Automation Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Logistics Automation Market Size and Volume Forecast by Applications
11.4.1. Transportation Management System
11.4.2. Warehouse Management System
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Logistics Automation Market Size and Volume Forecast by End Users
11.7.1. Retail & E-commerce
11.7.2. Manufacturing
11.7.3. Oil & Gas
11.7.4. Food & Beverage
11.7.5. Automotive
11.7.6. Healthcare & Pharmaceutical
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Logistics Automation Demand Share Forecast, 2019-2026
12. Middle East & Africa Logistics Automation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Logistics Automation Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Logistics Automation Market Size and Volume Forecast by Applications
12.4.1. Transportation Management System
12.4.2. Warehouse Management System
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Logistics Automation Market Size and Volume Forecast by End Users
12.7.1. Retail & E-commerce
12.7.2. Manufacturing
12.7.3. Oil & Gas
12.7.4. Food & Beverage
12.7.5. Automotive
12.7.6. Healthcare & Pharmaceutical
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Logistics Automation Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Logistics Automation Market: Market Share Analysis
13.2. Logistics Automation Distributors and Customers
13.3. Logistics Automation Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. 6 River Systems, LLC
13.4.2. BEUMER GROUP
13.4.3. ABB
13.4.4. Daifuku Co., Ltd
13.4.5. Blue Yonder Group, Inc.
13.4.6. ek robotics GmbH
13.4.7. SCHAEFER SYSTEMS INTERNATIONAL PVT LTD
Methodology
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