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Logistics Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4974
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Market Overview:
The global logistics automation market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 137.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.93% during 2023-2028.
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Report Attribute
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Key Statistics
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Base Year
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2022
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Forecast Years
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2023-2028
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Historical Years
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2017-2022
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| Logistics Automation Market Size in 2022 | US$ 64.8 Billion |
| Logistics Automation Market Forecast in 2028 | US$ 137.7 Billion |
| Logistics Automation Market Growth Rate 2023-2028 | 13.93% |
Logistics automation relies on the utilization of computer software or automated machinery to improve the efficiency of logistics operations. It assists in minimizing manual data entry errors and improving customer services by using features like auto pick-up, real-time freight tracking, proper insurance, and automatic notifications. It also aids in reducing the workforce required for processing tasks like sorting, weighting, barcoding, counting, picking, and packing. Moreover, as it is scalable, speedy, and accurate, its demand is rising across the globe.
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Logistics Automation Market Trends:
Presently, e-commerce platforms worldwide are gaining immense popularity on account of the increasing sales of smartphones and the rising penetration of high-speed internet connections. This represents one of the key factors driving the market. Apart from this, there is a significant rise in the number of warehouses and a consequent increase in investments for warehouse automation. This can be accredited to the surging need for efficient warehousing and inventory management and reducing the cost of labor, which is contributing to market growth. Furthermore, leading market players are introducing warehouse robots to eliminate the need for manual involvement in a variety of activities, such as warehousing and material handling, by automating laborious and dangerous tasks and ensuring the safety of the workforce. They are also automating logistics with advanced technologies, such as global positioning systems (GPS), artificial intelligence (AI), biometrics, and real-time tracking for streamlining businesses. Other major factors, including the development of autonomous heavy-duty freight vehicles and flying drones for performing numerous intralogistics processes within the warehouse and storage facilities and their expanding applications in retail, automotive, and food and beverage (F&B) industries, are anticipated to strengthen the market growth.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global logistics automation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, function, enterprise size and industry vertical.
Breakup by Component:
- Hardware
- Mobile Robots (AGV, AMR)
- Automated Storage and Retrieval Systems (AS/RS)
- Automated Sorting Systems
- De-palletizing/Palletizing Systems
- Conveyor Systems
- Automatic Identification and Data Collection (AIDC)
- Order Picking
- Software
- Warehouse Management Systems (WMS)
- Warehouse Execution Systems (WES)
- Services
- Value Added Services
- Maintenance
Breakup by Function:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Warehouse and Storage Management
- Transportation Management
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Manufacturing
- Healthcare and Pharmaceuticals
- Fast-Moving Consumer Goods (FMCG)
- Retail and E-Commerce
- 3PL
- Aerospace and Defense
- Oil, Gas and Energy
- Chemicals
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Jungheinrich AG, Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Oracle Corporation, SAP SE and Swisslog Holding AG (KUKA AG).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Component, Function, Enterprise Size, Industry Vertical, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ABB Ltd., Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Jungheinrich AG, Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Oracle Corporation, SAP SE and Swisslog Holding AG (KUKA AG) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global logistics automation market was valued at US$ 64.8 Billion in 2022.
We expect the global logistics automation market to exhibit a CAGR of 13.93% during 2023-2028.
The growing popularity of logistics automation software for improving the efficiency of logistics operations, such as minimizing manual data entry errors and automating freight tracking and documentation, is primarily driving the global logistics automation market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of logistics automation software in the e-commerce industry, for providing same-day delivery of essential items, particularly during the lockdown regulations across several nations.
Based on the component, the global logistics automation market has been divided into hardware, software, and services. Among these, hardware exhibits a clear dominance in the market.
Based on the function, the global logistics automation market can be categorized into warehouse and storage management and transportation management, where transportation management holds the majority of the total market share.
Based on the enterprise size, the global logistics automation market has been segmented into small and medium-sized enterprises and large enterprises. Currently, large enterprises represent the largest market share.
Based on the industry vertical, the global logistics automation market can be bifurcated into manufacturing, healthcare and pharmaceuticals, Fast-Moving Consumer Goods (FMCG), retail and e-commerce, 3PL, aerospace and defense, oil, gas and energy, chemicals, and others. Among these, the manufacturing industry currently accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global logistics automation market include ABB Ltd., Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Jungheinrich AG, Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Oracle Corporation, SAP SE, and Swisslog Holding AG (KUKA AG).
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