PUBLISHER: Global Insight Services | PRODUCT CODE: 1598933
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598933
The logistics automation market is anticipated to expand from $60.9 billion in 2023 to $158.5 billion by 2033, with a CAGR of 10.5%.
The logistics automation market encompasses the integration of advanced technologies and systems to streamline, optimize, and enhance the efficiency of logistics operations. This market includes automated storage and retrieval systems, robotics, conveyor systems, and software solutions like warehouse management systems. It focuses on reducing human intervention, improving accuracy, and accelerating processes within supply chains, thereby supporting the growing demand for faster, more reliable, and cost-effective logistics solutions across various industries.
The market is witnessing expansion, driven by the need for increased operational efficiency and cost reduction in supply chains. Warehouse and storage automation is the leading sub-segment, propelled by advancements in robotics and AI technologies that enhance inventory management. Transportation management systems follow closely as the second highest performing sub-segment, benefiting from the integration of IoT and real-time tracking solutions. Regionally, North America leads the market, attributed to early adoption of technology and substantial investments in automation infrastructure. Europe ranks as the second highest performing region, supported by strong government initiatives and the presence of key industry players. Within these regions, the United States and Germany emerge as top-performing countries, showcasing significant advancements in logistics automation solutions. The market's trajectory is further bolstered by the growing e-commerce sector and the increasing complexity of global supply chains, necessitating sophisticated automation solutions to meet evolving consumer demands.
Key Companies
Swisslog, Knapp, Dematic, Vanderlande, TGW Logistics Group, Daifuku, SSI Schaefer, Murata Machinery, Honeywell Intelligrated, Beumer Group, Fives Group, Mecalux, Elettric80, Grey Orange, Bastian Solutions, Kardex Group, System Logistics, Geek+, Fetch Robotics, Cimcorp, Logi Next, Grey Orange, Locus Robotics, Fetch Robotics, 6 River Systems, Geek+, In Via Robotics, Attabotics, Magazino, Exotec, Vecna Robotics, Seegrid, Autonomous Solutions, Scallog, Bionic HIVE, Tompkins Robotics, Right Hand Robotics, Plus One Robotics, Kiva Systems, Robotic Materials
Our research scope provides comprehensive market data, insights, and analysis across a variety of critical areas. We cover Local Market Analysis, assessing consumer demographics, purchasing behaviors, and market size within specific regions to identify growth opportunities. Our Local Competition Review offers a detailed evaluation of competitors, including their strengths, weaknesses, and market positioning. We also conduct Local Regulatory Reviews to ensure businesses comply with relevant laws and regulations. Industry Analysis provides an in-depth look at market dynamics, key players, and trends. Additionally, we offer Cross-Segmental Analysis to identify synergies between different market segments, as well as Production-Consumption and Demand-Supply Analysis to optimize supply chain efficiency. Our Import-Export Analysis helps businesses navigate global trade environments by evaluating trade flows and policies. These insights empower clients to make informed strategic decisions, mitigate risks, and capitalize on market opportunities.