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The global logistics automation market was valued at US$ 58.65 Billion in 2021.
We expect the global logistics automation market to exhibit a CAGR of 13.35% during 2022-2027.
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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