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

Global Logistics Automation Market size was valued at USD 67.40 Billion in 2023 and is poised to grow from USD 76.29 Billion in 2024 to USD 181.73 Billion by 2031, at a CAGR of 13.2% during the forecast period (2024-2031). 

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.   '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) '

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.   

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.   

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.