Global Logistics Automation Market Size, Trends, By Component (Software, Hardware, Services), By Logistics Type (Production Logistics, Sales Logistics, Recovery Logistics), By Enterprise Size (Large Enterprises, SMEs), By Application (Retail, Healthcare, Automotive, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Logistics Automation Market
The Global Logistics Automation Market was valued at US$ 35.12 Bn in 2022, estimated to reach US$ 70.89 Bn by 2030, with a CAGR of 8.84% from 2023-2030.
Logistics automation is the process of implementing technology and software systems to streamline and automate various supply chain management processes. This includes the use of robotics, automated storage and retrieval systems (AS/RS), warehouse management systems (WMS), transportation management systems (TMS), and other technologies to optimize the flow of goods and information from the point of origin to the point of consumption. By automating these processes, businesses can improve their efficiency, accuracy, speed, and scalability, while reducing costs, errors, and labor requirements.
Market Drivers
The global logistics automation market is being driven by several factors, including the need for cost optimization and increased efficiency in supply chain operations. The increasing demand for faster and more accurate delivery of goods is also fueling the growth of the market.
Additionally, the rise of e-commerce and the resulting growth in parcel shipments is creating a need for automation solutions in order to handle the increased volume of orders. The growing adoption of Industry 4.0 and the use of IoT devices, robotics, and artificial intelligence in logistics operations are also contributing to the growth of the market.
Market Restraints
The global logistics automation market may face restraints concerning the high initial investment required to implement automation systems. Small and medium-sized businesses may find it difficult to afford such investments and this limits market growth.
Another factor is the shortage of skilled personnel to operate and maintain the automation systems, which can lead to increased costs and downtime. The integration of logistics automation systems with existing systems can also be a challenge, leading to the need for significant investments in infrastructure and training. Moreover, issues regarding data security and privacy, particularly in industries such as healthcare and finance, can deter potential users from adopting logistics automation.
Market Segmentation
The scope of the global logistics automation market covers segmentation based on component, logistics type, enterprise size, application, and region.
Based on components, the market is segmented into software, hardware, and services. Based on logistics type, the market is divided into production logistics, sales logistics, and recovery logistics.
Further, the market is segmented into enterprise sizes, such as large enterprises and SMEs. By Application, the market is segmented into retail, healthcare, automotive, and others.
Regional Analysis
The global logistics automation market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the logistics automation market due to the early adoption of advanced technologies, the presence of key market players, and the need for efficient and cost-effective logistics operations.
Europe also holds a significant share of the market due to the growth of the e-commerce sector and the increasing demand for automated solutions in the manufacturing industry.
Asia-Pacific is expected to witness the fastest growth in the logistics automation market due to the increasing demand for automation in emerging economies such as China and India, the growth of the e-commerce sector, and the presence of a large number of manufacturing facilities in the region.
Key Players
Dematic, Daifuku Co Ltd, Honeywell Intelligrated, Knapp AG, Murata Machinery Ltd, SSI Schaefer AG, Swisslog Holding AG, System Logistics Spa, TGW Logistics Group GmbH, SBS Toshiba Logistics, Oracle, SAP, etc.
Market Taxonomy
By Component
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