Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The global logistics automation market, valued at USD 30.90 billion in 2022, is on a fast track for growth with a projected CAGR of 14.3% during the forecast period. Key factors propelling this remarkable expansion include the adoption of automation to cut operational costs, the rising demand for swift and precise order fulfillment, and advancements in technologies such as robotics, Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML).
Automation has ushered in a new era in the logistics industry, optimizing operations and revolutionizing how goods are managed. This transformation largely takes place in warehouses and distribution centers, reducing human intervention and enhancing efficiency, error reduction, and timely order fulfillment. For instance, Amazon, known for its logistical innovation, employs over 200,000 robots in its warehouses, which assist in tasks like order picking. These robots are powered by AI and ML, optimizing warehouse layouts, predicting demand patterns, and improving storage and retrieval.
Claim Your FREE Sample Copy with Table of content @ https://www.emergenresearch.com/request-sample/2403
Furthermore, the use of Internet of Things (IoT) devices, such as sensors and RFID tags, enables real-time tracking and monitoring of goods. AI-driven route optimization systems consider factors like traffic and weather, revolutionizing transportation efficiency.
However, the shortage of skilled workers capable of managing and maintaining automation systems poses a challenge, hindering technology adoption and operational efficiency. To address this issue, businesses are investing in training programs to upskill their existing workforce.
Components Insights
In 2022, the hardware components segment dominated the global logistics automation market. This segment includes autonomous robots, Automated Storage and Retrieval Systems (AS/RS), conveyor systems, and other machinery essential for automation. It's driven by logistics companies investing in infrastructure modernization to enhance operational efficiency and meet the demands of a digitized supply chain. The software segment is expected to grow steadily due to its data-driven decision-making capabilities, route optimization, and supply chain streamlining.
Logistics Type Insights
Production logistics holds the largest share in the global logistics automation market due to automation's increasing use in manufacturing processes. Automation in production logistics includes robotics, conveyors, and Automated Guided Vehicles (AGVs) that streamline processes and minimize labor, making it particularly crucial for the manufacturing sector. Sales logistics is expected to grow moderately due to the rising demand for automation in tasks such as order processing and inventory management, driven by the growth of e-commerce.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2403
Organization Size Insights
Large enterprises are projected to experience the fastest revenue growth rate in the global logistics automation market. These companies are investing in cutting-edge automation solutions, including robotic warehouse systems and AI-powered analytics. SMEs, on the other hand, will account for the largest revenue share, as they focus on meeting customer demands efficiently through automation. Government support and incentives play a role in SME adoption of automation.
Regional Insights
The Asia Pacific market leads in the global logistics automation market, driven by increasing automation adoption, partnerships, and the presence of leading companies. The North American market is expected to experience the fastest growth, thanks to the prevalence of automated logistics and major industry leaders. The European market is set to account for a considerable share, with a focus on cutting-edge technologies and digitalization.
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 30.90 Billion |
| CAGR (2023–2032) | 14.3% |
| Revenue Forecast To 2032 | USD 118.12 Billion |
| Base Year For Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Components, logistics type, organization size, application, end-use, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Russia, Rest of Europe, China, India, Japan, South Korea, ASEAN Countries, Oceania, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | Dematic, Vanderlande Industries, Berkshire Grey, SSI SCHAEFER Group, Siemens AG, Amazon Robotics, KNAPP AG, Interroll Group, Beumer Group, Swisslog Holding AG, Zebra Technologies, Locus Robotics, Murata Machinery, Blue Yonder, Witron, Daifuku Co., Ltd., Bastian Solutions, GreyOrange, Honeywell Integrated, and Mecalux, S.A. |
| Customization Scope | 10 hours of free customization and expert consultation |
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2403
Major Companies and Competitive Landscape
The global logistics automation market is fragmented with several large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective logistics automation solutions. Some major players included in the global logistics automation market report are:
-
- Dematic
- Vanderlande Industries B.V.
- Berkshire Grey
- SSI SCHAEFER Group
- Siemens AG
- Amazon Robotics
- KNAPP AG
- Interroll Group
- Beumer Group
- Swisslog Holding AG
- Zebra Technologies
- Locus Robotics
- Murata Machinery Ltd.
- Blue Yonder Group Inc.
- Witron Logistik
- Daifuku Co., Ltd.
- Bastian Solutions
- GreyOrange Inc.
- Honeywell Integrated Inc.
- Mecalux, S.A.
Strategic Development
- In September 2023, Flexport pioneered the first genuinely all-in-one, end-to-end global commerce system, enabling entrepreneurs to instantly access financing, freight, fulfilment, and replenishment to all major marketplaces and retail establishments. With the new technology, business owners can concentrate on increasing sales while cutting costs. In addition, business owners can also drastically reduce the amount of work required to manage their whole supply chain, freeing up valuable resources to concentrate on their consumers.
- In August 2022, Smart Robotics, a global pioneer in picking automation as a service for warehouses and logistics processes, announced the official debut of Smart Fashion Picker, its latest cobot. The Smart Fashion Picker addresses the issue of warehouse automation revolution. The requirement stems from the fact that, in comparison to other industries, the warehouse industry has been slow to adopt automation and is now facing a quick shift to modern operations.
Browse the complete Global Logistics Automation Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/logistics-automation-market
Segments Covered in Report
For the purpose of this report, Emergen Research has segmented the global logistics automation market on the basis of components, logistics type, organization size, application, end-use, and region:
- Components Outlook (Revenue, USD Billion; 2019-2032)
- Hardware
- Autonomous Robots
- De-palletizing/Palletizing Systems
- Automated Storage and Retrieval Systems (AS/RS)
- Conveyor Systems
- Automatic Identification and Data Collection (AIDC)
- Software
- Transportation Management System
- Warehouse Management System
- Hardware
- Logistics Type Outlook (Revenue, USD Billion; 2019-2032)
- Production Logistics
- Procurement Logistics
- Recovery Logistics
- Sales Logistics
- Organization Size Outlook (Revenue, USD Billion; 2019-2032)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Order Management
- Inventory Management
- Shipping Management
- Vendor Management
- Labor Management
- Customer Support
- End-use Outlook (Revenue, USD Billion; 2019-2032)
- Food & Beverage (F&B)
- Post and Parcel
- Groceries
- General Merchandise
- Apparel
- Manufacturing
- Other
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- ASEAN Countries
- Oceania
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- Israel
- Turkey
- South Africa
- Rest of Middle East & Africa
- North America
Curated Reports You Shouldn't Miss: Dive In Now!
Internet of Things (IoT) Insurance Market By Insurance Type, By Application (Connected Home, Connected Car, Connected Health, Commercial Lines, Others), By End-Use (Automotive, Retail, Industrial, Residential, Healthcare, Logistics, Others), and By Region, Forecast to 2028
Cloud Backup & Recovery Market By Type (Hybrid, Public, Private), By User Type (SMEs, Large Enterprise), By End-Use (BFSI, Healthcare, Manufacturing, Education, Government, Retail, Telecommunication and IT, Others), and By Region, Forecast to 2028
Sensors in Internet of Things (IoT) Devices Market By Application (Healthcare, Transport, Manufacturing), By Sensor Type (Temperature, Pressure, Chemical, Light, Motion), By Network Technology (Wired, Wireless), and By Region, Forecast to 2028
HD Maps for Autonomous Vehicles Market By Level of Automation (Semi-autonomous (Level 2&3), Autonomous (Level 4&5)), By Solution (Embedded, Cloud-based), By Services (Localization, Mapping), By Vehicle Type, and By Region, Forecast to 2028
Li-Fi Market By Component (Photo-detector, LEDs, Microcontroller, Optical Sensing, Others), By Application (Underwater communication, Standalone Tracker, Indoor networking, Smartphone, Advance Tracker, Location-Based Services, Others), By End-Use, and By Region, Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
