Dublin, April 16, 2024 (GLOBE NEWSWIRE) -- The "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 Forecast to 2031" report has been added to ResearchAndMarkets.com's offering.
The logistics automation market is projected to reach $65.14 billion by 2031, at a CAGR of 10.0% from 2024 to 2031
The growth of the logistics automation market is driven by 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. Furthermore, the digital transformation of the logistics industry, advancements in sensor technologies, and the outsourcing of logistics are expected to generate growth opportunities for market stakeholders. However, the lack of skilled operators and privacy & security concerns are major challenges impacting the market growth.
Additionally, an increasing focus on improving last-mile deliveries and the growing use of AI in supply chain and logistics management are prominent trends in the logistics automation market.
In 2024, Asia-Pacific is expected to account for the largest share of the global logistics automation market. The large market share of this segment is attributed to the growing urbanization and industrialization, increasing fast delivery expectations of customers, and the increasing adoption of logistic automation systems to enhance the efficiency of fulfillment and distribution centers.
Moreover, Asia-Pacific is expected to record the highest CAGR during the forecast period. Factors such as companies' growing focus 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.
Based on offering, the global 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 the global logistics automation market. The large market share of this segment is attributed to strong growth in e-commerce, changes in consumer behavior, increasing investments in logistics facilities for optimized process efficiency, and the increasing use of robots across supply chains.
Based on type, the global 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. The large market share of this segment can be attributed to the comprehensive inbound logistics solutions offered by key players, along with the increasing adoption of advanced equipment and facilities to streamline core logistics processes.
Based on automation mode, the global 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. The large market share of this segment is attributed to key market players' growing focus on providing semi-automatic systems for facilities currently running manual operations and the advantages of semi-automatic systems over manual logistics operations, such as increased productivity and cost-effectiveness and the systems' ability to adapt to changing conditions or unexpected events.
Based on application, the global 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 the global logistics automation market. The large market share of this segment is attributed to the growing need to optimize inventory levels among enterprises and the increasing adoption of logistics automation systems for inventory management.
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 global 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 the global 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.
Key questions answered in the report
- Which are the high-growth market segments based on offering, type, automation mode, application, and end user?
- What was the historical market for logistics automation?
- What are the market forecasts and estimates for the period 2024-2031?
- What are the major drivers, restraints, and opportunities in the logistics automation market?
- Who are the major players in the logistics automation market?
- What is the competitive landscape like in the logistics automation market?
- What are the recent developments in the logistics automation market?
- What are the different strategies adopted by the major players in the logistics automation market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global logistics automation market, and how do they compete with the other players?
Market Insights
Factors Affecting Market Growth
- Rapid Growth in E-Commerce Driving the Demand for Logistics Automation Solutions
- Increasing Incorporation of Robots in Logistic Operations Boosting Market Growth
- High Capital Investment Requirements Limiting the Adoption of Logistics Automation Solutions
- Lack of Standardization in the Logistics Sector Restraining Market Growth
- Digital Transformation of the Logistics Industry Generating Growth Opportunities for Market Players
- Advancements in Sensor Technologies Expected to Accelerate Market Expansion
- Outsourcing of Logistics Expected To Increase the Adoption of Logistics Automation Solutions
- Lack of Skilled Operators Expected to Remain A Major Challenge for Market Stakeholders
- Privacy & Security Concerns Impacting the Acceptance of Logistics Automation Solutions
Key Trends
- Growing Emphasis on Enhancing Last-Mile Deliveries
- Growing Use of AI In Supply Chain and Logistics Management
Case Studies
- Case Study A (Automated Trailer Loading and Unloading Solution for Automotive Company)
- Case Study B (Daifuku Co., Ltd. Provided its Automated Storage and Retrieval Systems To Toho Pharmaceutical for the TBC Dynabase Facility)
- Case Study C (dm-drogerie markt GmbH + Co. KG adopted Swisslog Holding Ag Logistics Automation Solution)
- Case Study D (NorgesGruppen ASA Commissioned SSI SCHAEFER Group To Build A New Logistics Center for Its Subsidiary Company ASKO OSLOFJORD AS (ASKO))
Company Profiles
- Dematic (U.S.)
- Daifuku Co., Ltd. (Japan)
- Honeywell International Inc. (U.S.)
- 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.)
- Locus Robotics (U.S.)
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
- Cloud-based
- On-premise
- 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
- U.S.
- Canada
- 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
For more information about this report visit https://www.researchandmarkets.com/r/6279lq
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