Global Logistics Automation Market Size Poised to Reach USD 127.94 Billion by 2030, Fueled by Technological Advancements and E-commerce Expansion

Maximize Market Research Pvt. Ltd. announces that the global Logistics Automation Market, valued at USD 61.70 billion in 2023, is projected to grow at a CAGR of 10.98%, reaching nearly USD 127.94 billion by 2030.

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Market Overview

Logistics automation encompasses the integration of advanced technologies such as automated guided vehicles (AGVs), robotic arms, and automated storage and retrieval systems (AS/RS) to enhance the efficiency of logistical processes. These technologies streamline operations from procurement to distribution, reducing human intervention and operational costs.

Key Market Drivers

  • E-commerce Expansion: The surge in online shopping has increased the demand for efficient and rapid order fulfillment, propelling the adoption of automated logistics solutions.​
  • Technological Advancements: Innovations in robotics, artificial intelligence, and machine learning are enabling more sophisticated automation in logistics operations.​
  • Labor Shortages: The scarcity of skilled labor in logistics is encouraging companies to invest in automation to maintain productivity.​
  • Cost Efficiency: Automation reduces operational costs by minimizing errors, improving inventory management, and enhancing overall process efficiency.​

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Market Segmentation

  • By Function: The market is segmented into warehouse and storage management, transportation management, and others. Warehouse and storage management hold a significant share due to the increasing need for efficient inventory handling.​
  • By Organization Size: Both large enterprises and small & medium-sized enterprises (SMEs) are adopting logistics automation, with large enterprises leading due to their higher investment capabilities.​
  • By Vertical: Key industries include retail & e-commerce, manufacturing, healthcare, and automotive. The retail & e-commerce sector dominates due to the high volume of online orders requiring efficient logistics solutions.​
  • By Component: The market comprises hardware, software, and services. Hardware components, such as AGVs and AS/RS, account for the largest share due to their critical role in automation.​

Regional Insights

  • North America: Leading the market with significant investments in automation technologies and a strong presence of key players.​
  • Asia-Pacific: Expected to witness the highest growth rate, driven by rapid industrialization, urbanization, and the expansion of the e-commerce sector.​
  • Europe: Demonstrates steady growth with increasing adoption of automation in manufacturing and logistics operations.​

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Competitive Landscape

Prominent players in the Logistics Automation Market include:​

  • Dematic Corporation​
  • Daifuku Co., Ltd.​
  • Murata Machinery, Ltd.​
  • Honeywell Intelligrated​
  • Swisslog Holding AG​

These companies are focusing on strategic partnerships, mergers and acquisitions, and technological innovations to strengthen their market position.​

Future Outlook

The Logistics Automation Market is poised for significant growth, driven by technological advancements, the rise of e-commerce, and the need for efficient supply chain operations. As companies seek to enhance productivity and reduce operational costs, the adoption of automation in logistics is expected to accelerate.

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