PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1587950
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1587950
The Logistics Automation market is projected to grow from USD 35.14 billion in 2024 to USD 52.53 billion by 2029, at a compound annual growth rate (CAGR) of 8.4% during the forecast period. The market is anticipated to grow due to the rise of online retail and the demand for faster delivery, integration of AI, machine learning, and IoT in logistics systems, and growing labor shortages and rising labor costs have pushed companies to invest in automation technologies like robotics to maintain operational efficiency. However, growth may be restrained by the cost of implementing automation technologies, including robotics, AI, and autonomous vehicles, which can be prohibitively expensive, and the unexpected downtimes of automated logistics systems, which could disrupt logistics operations and lead to financial losses.
Scope of the Report | |
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Years Considered for the Study | 2019-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | USD Billion |
Segments | By Offering, By Logistics Type, By Technology, By End User. |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
"Storage solutions segment is expected to hold the largest market share during the forecast period"
The storage solutions segment will hold the largest market share in logistics automation due to the growing demand for optimized warehouse space, driven by e-commerce and high-volume inventory management. Automated storage and retrieval systems (AS/RS) are key enablers, allowing companies to maximize storage density, reduce labor dependency, and enhance picking accuracy. AS/RS solutions also improve order processing speed and inventory tracking, crucial for meeting consumer expectations for faster delivery. Their ability to handle diverse inventory types and minimize warehouse footprints makes them indispensable for large-scale logistics operations.
"The retail and e-commerce enterprise type will have the fastest growth rate during the forecast period"
The retail and e-commerce sector within the enterprise segment is poised to have the fastest growth rate in the logistics automation market, driven by the rapid expansion of online shopping and the increasing demand for faster delivery services. Retailers and e-commerce platforms face immense pressure to optimize supply chains, reduce order processing times, and manage high-volume inventories. Automation technologies such as robotics, AI-driven warehouse management, and automated sorting systems are crucial in meeting these demands. Additionally, the surge in omnichannel retailing and same-day delivery expectations further fuels the need for automated logistics solutions in this sector.
"Asia Pacific's to witness rapid logistics automation growth fueled by innovation and emerging technologies"
The Asia Pacific region is expected to witness the fastest growth rate in the logistics automation market due to the rapid expansion of e-commerce, rising manufacturing activities, and increasing investments in infrastructure and technology by countries like China, India, and Japan. The region's large consumer base and the rise of online retail platforms have fueled the need for streamlined logistics processes, including automated warehouses, autonomous vehicles, and AI-powered inventory management systems. Additionally, government initiatives promoting smart manufacturing and digitalization, particularly in China and India, are accelerating the adoption of logistics automation technologies. Asia Pacific's robust infrastructure development, coupled with its focus on innovation and investment in automation technologies, positions it as the dominant player in the global logistics automation market.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the Logistics Automation market.
The report includes the study of key players offering Logistics Automation solutions and services. It profiles major vendors in the Logistics Automation market. The major players in the Logistics Automation market include KION Group (Germany), Honeywell (US), Daifuku (Japan), IBM (US), SAP (Germany), Oracle (US), ABB (Switzerland), Manhattan Associates (US), KUKA Group (Germany), Jungheinrich (Germany), Toshiba (Japan), Toyota Industries (Japan), Zebra Technologies (US), Kardex Group (Switzerland), Symbotic (US), KNAPP (Austria), SSI Schaefer (Germany), Blue Yonder (US), Murata Machinery (Japan), TGW Logistics (Austria), Korber AG (Germany), Beumer Group (Germany), Mecalux International (Spain), Hardis Group (France), JR Automation (US), Ecovium (Germany), System Logistics (Italy), Automated Logistics Systems (US), Savoye (US), Locus Robotics (US), GreyOrange (US), Falcon Autotech (India), Logistically (US), Logiwa (US) and Rossum (Czech Republic).
Research coverage
This research report categorizes the Logistics Automation market By Offering (automated systems (robotic systems, storage solutions, automatic identification & data collection, others), automation software (transport management systems, warehouse management systems, order management software), software by deployment mode (cloud and on-premises)), By Logistics Type (inbound logistics (procurement logistics, production logistics), outbound/sales logistics, reverse logistics), By Technology (robotic process automation (RPA), artificial intelligence & analytics, internet of things (IoT) platform, blockchain, big data, others), By end user, enterprise type (retail & e-commerce, healthcare & pharmaceuticals, manufacturing, automotive, food & beverages, metal & machinery, third party-logistics (3PL), other enterprises), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the logistics automation market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the logistics automation market. Competitive analysis of upcoming startups in the logistics automation market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall logistics automation market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.