USD 59.54 billion
Logistics Automation Market Size, Share, Growth Analysis, By Component(Hardware, Software, Services), By Organization Size(Large Enterprises, Small and Medium Enterprises), By Software Application(Inventory Management, Order Management, Yard Management, Shipping Management), By Function(Inventory and Storage Management, Transportation Logistics), By Logistics Type(Sales Logistics, Production Logistics, Recovery Logistics, Procurement Logistics), By Vertical(Retail & e-commerce, Manufacturing, Healthcare & Pharmaceuticals, Food & Beverages), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2063 |
Region:
Global |
Published Date: June, 2024
Pages:
197
|Tables:
92
|Figures:
76
Logistics Automation Market Insights
Logistics Automation Market size was valued at USD 76.29 billion in 2022 and is poised to grow from USD 86.36 billion in 2023 to USD 232.85 billion by 2031, growing at a CAGR of 13.20% during the forecast period (2024-2031).
The logistics industry is undergoing some major changes as emphasis on efficiency increases around the world. Increasing burden on logistics companies on the back of booming e-commerce activity, industrialization, and urbanization is also promoting the demand for logistics automation. Advancements in logistics automation technologies and high investments in development of the same are also favoring market growth. Moreover, rising costs of labor and shortage of skilled workforce are also expected to promote the demand for logistics automation across the study period and beyond. Growing demand for faster deliveries around the world will also act in favor of logistics automation companies going forward. Increasing emphasis on improving supply chains to optimize operations will also favor market development in the future. On the contrary, high costs of deployment, complexities in integration, and economic uncertainty are slated to key restraints for logistics automation demand in the long run.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Warehouse management systems (WMS)
Fastest Growth
logistics control systems (LCS)
Growth Rate
13.2% CAGR
Global Logistics Automation Market ($ Bn)
Country Share for North America Region (%)
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Logistics Automation Market Segmental Analysis
Global logistics automation market Share is segmented on the basis of component, logistics type, organization size, software application, function, vertical, and region. By component, the market is segmented into hardware, software and services. By function, the market is segmented into inventory and storage management and transportation logistics. Based on organization size, the market is divided into large enterprises and SMEs. On the basis of logistics type, the market is segmented into sales logistics, production logistics, recovery logistics, and procurement logistics. Based on software application, the market is segmented into Inventory management, order management, yard management, shipping management, labor management, vendor management, customer support, and others. In terms of vertical, the market is segmented into retail and ecommerce, manufacturing, healthcare & pharmaceuticals, food & beverages, automotive, aerospace and defense, chemicals, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Function
Inventory and storage management is slated to account for a dominant share of the global logistics automation market. Growing complexities in inventory management and the rising number of items in inventories are helping this segment’s high market share. Rising establishment of smart warehouses and rapid expansion of storage capacity for logistics companies are also helping boost market growth around the world.
Meanwhile, the demand for automation in transportation logistics is surging rapidly around the world. High emphasis on sustainability in the logistics industry and growing demand for better tracking and tracing capabilities are promoting adoption of logistics automation in this segment.
Analysis by Organization Size
Large enterprises are projected to account for a dominant share of the global logistics automation demand outlook. Need for efficiency in large-scale warehouses and logistics operations is pushing large enterprises to opt for logistics automation solutions. High spending potential and availability of human resources to test out new technologies also help this segment hold a dominant market share.
On the other hand, the demand for logistics automation in small and medium enterprises (SMEs) is forecasted to rise rapidly over the coming years. Rising awareness regarding the benefits of logistics automation adoption is slated to primarily help market growth via this segment. Moreover, increasing availability of affordable logistics automation solutions specifically designed for SMEs will also help boost logistics automation adoption in this segment.
Global Logistics Automation Market By Organization Size
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Logistics Automation Market Regional Insights
North America is projected to take the lead in terms of logistics automation demand on a global level. The presence of key logistics companies and their increasing investments in automation adoption are slated to help this region’s dominance going forward. The United States is projected to be the most opportune market owing to the presence of a developed technological infrastructure to support high adoption of logistics automation. Moreover, the presence of key logistics companies and favorable regulatory environment for automation adoption are also contributing to the high market share of this region.
The booming e-commerce activity in the Asia Pacific region is primarily making it the fastest-growing regional market for logistics automation companies going forward. Industrialization, urbanization, and digitization are also key factors that will augment the demand for logistics automation in this region. Japan, China, and India are projected to spearhead logistics automation adoption in this region over the coming years.
Global Logistics Automation Market By Geography
- Largest
- Fastest
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Logistics Automation Market Dynamics
Drivers
Rising Demand for Faster Delivery
- Growing popularity of same-day delivery around the world and booming e-commerce activity are also boosting the demand for highly efficient logistics operations. Rising emphasis on improving productivity and fulfilling faster delivery times is also slated to benefit logistics automation market growth going forward.
Dearth of Skilled Labour
- Handling logistics equipment and machinery requires skilled labor and there is a huge shortage for the same around the world. Hence, logistics companies are moving towards adoption of automation of logistics to optimize their operations and boost revenue.
Restraints
Complexity in Integration
- Integrating automation solutions with legacy logistics infrastructure is a major challenge that not only adds up to the costs of deployment but also leads to disruptions in operations to a certain extent. This is why challenging integration is slated to impede market growth.
High Initial Investments
- Deploying logistics automation is a very capital and resource intensive task as procurement of automation solutions is expensive and so is the deployment through skilled professionals. Not all companies have the budget to spend on expensive automation solutions, which also slows down logistics automation demand to certain extent.
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Logistics Automation Market Competitive Landscape
Targeting e-commerce and retail companies will be crucial in determining the success of any logistics automation provider. Logistics automation companies should invest in the development of novel logistics automation solutions and services. Partnerships and collaborations will be essential strategies for new and established logistics automation market players going forward. Targeting the developing countries will also pay off big time for logistics automation providers in the long run.
Top Player’s Company Profiles
- Dematic Corporation (US)
- Honeywell Intelligrated (US)
- Daifuku (Japan)
- Oracle (US)
- SAP (Germany)
- IBM(US)
- SSI Schaefer (Germany)
- Knapp (Austria)
- Manhattan Associates (US)
- Swisslog Holding AG (Switzerland)
- Blue Yonder (US)
- Mantis (US)
- Murata Machinery (Japan)
- TGW Logistics Group (Austria)
- Jungheinrich (Germany)
- System Logistics (Italy)
- Zebra Technologies (US)
- ABB (Switzerland)
- BEUMER Group (Germany)
- Korber(Germany)
Recent Developments
- In May 2024, Fox Robotics, a company known for its trailer loader/unloader offering called FoxBot joined hands with KION North America through a non-exclusive partnership. Through this move, KION will manufacture and assemble Fox’s FoxBot in its South Caroline facilities.
- Mecalux, Universal Robotics, Siemens, and Zivid came together back in March 2024 to develop an innovative path breaking technology for warehouse automation. The companies aimed to resolve intralogistics challenges through this extensive collaborative effort.
Logistics Automation Key Market Trends
- Use of Autonomous Vehicles and Drones: Automation of transportation in logistics is a prime area of interest for many logistics automation companies. Experimenting with the use of autonomous vehicles and drones to improve transportation times and reduce issues related to tracking will provide lucrative opportunities for logistics automation providers in the long run.
Logistics Automation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, shortage of skilled labor, rising labor costs, and high demand for efficiency in logistics operations are slated to be the top drivers for logistics automation market. However, high costs of deployment and complexities in integration remain key constraints for market growth in the future. North America is slated to be the dominant regional market for logistics automation companies owing to the presence of key logistics organizations and favorable regulatory framework. Logistics automation companies should explore the use of autonomous drones and vehicles to maximize their business scope in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 67.40 Billion |
| Market size value in 2031 | USD 181.73 Billion |
| Growth Rate | 13.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Logistics Automation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Logistics Automation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Logistics Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Logistics Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Logistics Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Logistics Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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