Logistics Automation Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast 2029

Logistics Automation Market Values:

The Logistics Automation Market was valued at US$ 55.60 billion in 2022 and is expected to reach US$ 115.29 billion by 2029. The global Logistics Automation Market size is projected to grow at a CAGR of 10.98% throughout the forecast period.

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Logistics Automation Market Segment Analysis:

Based on Function, Depending on Function The segment responsible for managing transport is expanding at the highest CAGR?during the anticipated timeframe. One of the most important elements thought to be propelling the expansion of the transportation management industry is the necessity to assure prompt delivery of goods while lowering transportation expenses. The global logistics automation market is expanding as a result of the rising adoption of cutting-edge technology in the logistics industry. This offers benefits connected to TMSs, which can assist firms in organising, carrying out, and optimising the physical movement of commodities. Transportation management systems can offer better visibility, which can spur market growth, in daily transportation operations, trade compliance documents, and in assuring timely delivery of goods.

Based on component, using the component, Due to the increasing demand for robotics and automation technologies among food and beverage firms globally over the forecast period, the hardware-integrated systems category is anticipated to have the largest market share. The Automated Storage and Retrieval System (ASRS), conveyors and sortation systems, robotic handling systems, Autonomous Mobile Robots (AMRs), and Automated Guided Vehicles (AGVs) are included in the hardware-integrated systems sector. Since robots are being used more frequently throughout the whole supply chain, their use is anticipated to significantly increase in the near future, driving the market. Radnor Hills, a manufacturer of soft beverages for RMGroup, deployed three ABB end-of-line robotic palletizers for the company's shipping operations in 2022.

Logistics Automation Market Report Scope:

The Logistics Automation Market encompasses the use of technology, machinery, and logistics software to optimize various aspects of logistical processes, from procurement to production, inventory management, distribution, customer service, and recovery. This includes the integration of automation technologies such as automatic guided vehicles, robotic arms, and automated storage and retrieval systems (AS/RS), as well as logistics software solutions for sales, WMS, CRM, billing, tracking, and more. The market focuses on enhancing warehouse efficiency and automating processes ranging from goods receipt to order dispatch.

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Research Methodology: The report leverages data provided by market participants and covers regions including North America, Asia Pacific, Europe, Middle East & Africa, and South America. The analysis spans from 2017 to 2020 and is based on historical data, facts, figures, illustrations, and presentations. The report examines drivers, limitations, prospects, and barriers in the Global Logistics Automation Market, offering investor recommendations based on a comprehensive competitive scenario.

Market Drivers: Key drivers for the growth of the Logistics Automation Market include the increasing adoption of big data in automated logistics technologies, the use of IoT platforms in logistics and supply chain management, and the popularity of Logistics 4.0 in transportation and warehousing. High penetration of robotics in warehouse management and the rise of e-commerce sales further fuel market growth.

Market Restraints: High capital costs required for automation implementation pose a challenge for smaller enterprises. Additionally, the lack of uniform governance standards complicates full automation of supply chain and logistics operations.

Logistics Automation Market Regional Insights:

• North America experiences significant growth driven by adoption of logistics automation solutions in healthcare, pharmaceuticals, food and beverages, and manufacturing industries.
• Asia Pacific exhibits the highest growth rate due to large-scale industrialization in countries like India and China, rising population, increasing disposable income, and expanding transportation and logistics sectors.
• Europe, Middle East & Africa, and South America also contribute to the market's growth with their unique dynamics and opportunities.

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Key Players: 1. Toshiba Logistics 2. TGW Logistics Group GmbH 3. Wisetech Global 4. System Logistics SPA 5. Falcon Autotech 6. Dematic 7. Daifuku 8. Swisslog 9. Honeywell Intelligrated 10. Murata Machinery