REDDING, Calif., May 6, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Logistics Automation Market
by Offering (Hardware, Software, Services), Type (Inbound,
Outbound), Automation Mode, Application (Inventory Management,
Others), End User (Retail & E-commerce, Automotive, Others)
& Geography—Global Forecasts to 2031',
the logistics automation market is projected to reach
$65.14 billion by 2031, at a CAGR of
10.0% from 2024 to 2031.
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Logistics automation refers to the use of technology involving
machinery and logistics software to minimize human intervention and
ease the workflow of logistical processes from procurement to
production, inventory management, distribution, customer service,
and recovery. Besides reducing costs, logistics automation systems
help improve the overall efficiency of supply chains. Logistics
automation helps save businesses a massive number of repetitive
workloads such as manual picking or data entry.
Some of the factors driving the growth of this market are the
rapid growth in e-commerce and the increasing incorporation of
robots in logistics. However, high capital investment requirements
and the lack of standardization in the logistics sector restrain
the growth of this market.
The global logistics automation market is segmented by offering
(hardware (automated vehicle systems, automated storage &
retrieval systems, automated sorting & conveyer systems,
de-palletizing/palletizing systems, automatic identification &
data capture systems, automated container handling equipment,
packaging systems/machines, and other hardware), software
(cloud-based, and on-premise), and services(consulting services,
deployment & integration services, support & maintenance
services)), type (inbound logistics, and outbound logistics),
automation mode (semi-automatic systems, and fully automatic
systems), application (inventory management, packaging, order
management, cargo management, transportation management and other
applications) and end user (retail & e-commerce, manufacturing,
healthcare & pharmaceuticals, food & beverage, automotive,
aerospace & defense, fashion & apparel, courier, express,
and parcel, ports & warehouses, and other end users). The study
also evaluates industry competitors and analyses the market at the
regional and country levels.
Based on offering, the logistics automation market
is broadly segmented into hardware, software, and services. In
2024, the hardware segment is expected to account for the largest
share of 60% of the logistics automation market. However,
the software segment is expected to register the highest CAGR
during the forecast period. Factors such as the increasing use of
advanced technologies in logistics software, market players'
increasing focus on developing and enhancing logistics software,
and the easy integration of logistics automation software with
other supply chain management software are expected to drive the
growth of this segment.
Furthermore, the growing focus of market players on product
development and enhancement to optimize logistics operations,
enhance supply chain visibility, and help companies make informed
decisions is expected to drive the segment's growth. For instance,
in November 2022, Amazon Web
Services, Inc. (U.S.) launched the AWS Supply Chain. This new
application helps businesses increase supply chain visibility to
make faster, more informed decisions that mitigate risks, lower
costs, and improve customer experiences.
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Based on type, the logistics automation market is
segmented into inbound logistics and outbound logistics. In 2024,
the inbound logistics segment is expected to account for the larger
share of the global logistics automation market. However, the
outbound logistics segment is expected to record the highest CAGR
more than 11% during the forecast period. The growth of this
segment is attributed to the increasing focus of key players on
developing automated solutions for optimizing packaging and
the growing need to optimize order fulfillment, delivery, and
shipment processes to increase the effectiveness of outbound
logistics operations.
Based on automation mode, the logistics automation market
is segmented into fully automatic systems and semi-automatic
systems. In 2024, the semi-automatic systems segment is expected to
account for the larger share of the global logistics automation
market. However, the fully automatic systems segment is expected to
record the highest CAGR during the forecast period. The growth of
this segment is attributed to enterprises' increasing emphasis on
fully automating their logistics operations from partially
automated systems. Additionally, fully automatic systems are
capable of performing tasks more quickly and with greater
precision, contributing to their rising adoption.
Based on application, the logistics automation market is
segmented into inventory management, packaging, order management,
cargo management, transportation management, and other
applications. In 2024, the inventory management segment is expected
to account for the largest share of 36% of the logistics
automation market. Moreover, the inventory management segment is
expected to record the highest CAGR during the forecast period. The
growth of this segment is attributed to the growing use of
automated storage & retrieval systems for inventory storage and
the increasing adoption of RFID and barcodes for tracking inventory
levels across fulfillment centers and warehouses.
In addition, key players operating in this market are focusing
on product development and enhancement to accelerate the adoption
of robots to boost productivity and minimize inventory handling
times. For instance, in March 2022,
Vanderlande Industries B.V. (Netherlands) launched a new automated
piece-picking robot as an addition to its Smart Item Robotics (SIR)
portfolio of technologies, which fits with Vanderlande's strategy
of accelerating the use of robotics for warehousing.
Based on end user, the logistics automation market is
segmented into retail & e-commerce, manufacturing, healthcare
& pharmaceuticals, food & beverage, automotive, aerospace
& defense, fashion & apparel, courier, express, and parcel,
ports & warehouses, and other end users. In 2024, the retail
& e-commerce segment is expected to account for the largest
share of 22% of the logistics automation market. The large
market share of this segment is attributed to changing customer
expectations, retailers' focus on increasing their omni-channel
presence, and the growing deployment of logistics automation
solutions among retail & e-commerce companies to improve
effectiveness and profitability.
However, the automotive segment is expected to record the
highest CAGR during the forecast period. The growth of this segment
is attributed to the adoption of intralogistics equipment and
automation technologies by automotive players, the growing focus on
the efficient tracking of automotive parts across the automotive
industry supply chain, and increased activity in the automotive
sector due to the rising adoption of electric vehicles. In
addition, the growing focus of automotive businesses on investing
in digitalization is contributing to the segment's growth. For
instance, in July 2021, Jaguar Land
Rover Automotive plc (JLR) (U.K.), an automotive manufacturer,
initiated the second phase of its new logistics operations center
in collaboration with Dematic (U.S.), an intralogistics innovator,
in the West Midlands, England,
wherein Dematic began the installation of its intralogistics
equipment and automation technologies at the center.
Based on geography, the logistics automation market is
segmented into North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa. In 2024,
Asia-Pacific is expected to
account for the largest share of 42% of the logistics
automation market. The Asia-Pacific logistics automation market is
estimated to be worth USD 14.1
billion in 2024. Moreover, Asia-Pacific is also expected to record the
highest CAGR during the forecast period. Factors such as the
growing focus of companies on enhancing their omnichannel presence
to stay ahead of the competition and increasing logistics
automation across the region are expected to drive the growth of
this regional market in the coming years.
Furthermore, the growing focus of companies on the development
of automation solutions to use in warehouses to achieve faster and
more flexible movement of goods is contributing to segment growth.
For instance, in December 2021, the
Rhenus Group Hong Kong warehouse collaborated with Geekplus
Technology Co., Ltd. (China) to
co-develop smart logistics solutions through the automation of
warehousing operations with autonomous mobile robots (AMRs).
Key Players:
Some of the key players operating in the logistics automation
market are Dematic (U.S.), Daifuku Co., Ltd. (Japan), Honeywell International Inc. (U.S.),
and Vanderlande Industries B.V. (Netherlands), KNAPP
AG (Austria), SSI SCHAEFER
Group (Germany), BEUMER Group GmbH
& Co. KG (Germany), Konecranes
Plc (Finland), FORTNA Inc. (U.S.),
Oracle Corporation (U.S.), SAP SE (Germany), TGW Logistics Group GmbH
(Austria), Swisslog Holding AG
(Switzerland), Slip Robotics
(U.S.), and Locus Robotics (U.S.).
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Scope of the report:
Logistics Automation Market Assessment—by
Offering
- Hardware
- Automated Vehicle Systems
- Automated Storage & Retrieval Systems
- Automated Sorting & Conveyer Systems
- De-palletizing/Palletizing Systems
- Automatic Identification & Data Capture Systems
- Automated Container Handling Equipment
- Packaging Systems/Machines
- Other Hardware
- Software
- Services
- Consulting Services
- Deployment & Integration Services
- Support & Maintenance Services
Logistics Automation Market Assessment—by
Type
- Inbound Logistics
- Outbound Logistics
Logistics Automation Market Assessment—by
Automation Mode
- Fully Automatic Systems
- Semi-automatic Systems
Logistics Automation Market Assessment—by
Application
- Inventory Management
- Packaging
- Order Management
- Cargo Management
- Transportation Management
- Other Applications
Logistics Automation Market Assessment—by End
User
- Retail & E-commerce
- Manufacturing
- Healthcare & Pharmaceuticals
- Food & Beverage
- Automotive
- Aerospace & Defense
- Fashion & Apparel
- Courier, Express, and Parcel
- Ports & Warehouses
- Other End Users
Logistics Automation Market Assessment—by
Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
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