Logistics Automation Market to Reach $65.14 Billion by 2031

 

Meticulous Research®, a leading global market research company, published a research report titled, ‘Global Logistics Automation Market by Offering (Hardware, Software, Services), Type (Inbound, Outbound), Automation Mode, Application (Inventory Management, Others), End User (Retail & E-commerce, Automotive, Others) & Geography - Global Forecast to 2031.’

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The report predicts that the logistics automation market will reach $65.14 billion by 2031, at a compound annual growth rate (CAGR) of 10% from 2024 to 2031. This growth is driven by several factors, including the rapid growth of e-commerce and the increasing incorporation of robots in logistics.

Growth Drivers and Challenges

  • Growth Drivers
    • Rapid growth in e-commerce
    • Increasing incorporation of robots in logistics
    • Digital transformation of the logistics industry
    • Advancements in sensor technologies
    • Outsourcing of logistics
    • Increasing focus on improving last-mile deliveries
    • Growing use of AI in supply chain and logistics management
  • Challenges
    • High capital investment requirements
    • Lack of standardization in the logistics sector
    • Lack of skilled operators
    • Privacy & security concerns

Market Segmentation

The global logistics automation market is segmented by offering, type, automation mode, application, and end user.

  • By Offering
    • Hardware
    • Software
    • Services
  • By Type
    • Inbound Logistics
    • Outbound Logistics
  • By Automation Mode
    • Fully Automatic Systems
    • Semi-Automatic Systems
  • By Application
    • Inventory Management
    • Packaging
    • Order Management
    • Cargo Management
    • Transportation Management
    • Other Applications
  • By End User
    • Retail & E-commerce
    • Manufacturing
    • Healthcare & Pharmaceuticals
    • Food & Beverage
    • Automotive
    • Aerospace & Defense
    • Fashion & Apparel
    • Courier, Express, and Parcel
    • Ports & Warehouses
    • Other End Users

Key Findings

  • The hardware segment is expected to account for the largest share of the global logistics automation market in 2024.
  • The software segment is expected to register the highest CAGR during the forecast period.
  • The inbound logistics segment is expected to account for the larger share of the global logistics automation market in 2024.
  • The outbound logistics segment is expected to record the highest CAGR during the forecast period.
  • The inventory management segment is expected to account for the largest share of the global logistics automation market in 2024 and is expected to record the highest CAGR during the forecast period.
  • The retail & e-commerce segment is expected to account for the largest share of the global logistics automation market in 2024.
  • The automotive segment is expected to record the highest CAGR during the forecast period.
  • Asia-Pacific is expected to account for the largest share of the global logistics automation market in 2024 and is expected to record the highest CAGR during the forecast period.

Key Players

Some of the key players operating in the logistics automation market are Dematic (U.S.), Daifuku Co., Ltd. (Japan), Honeywell International Inc. (U.S.), Vanderlande Industries B.V. (Netherlands), KNAPP AG (Austria), SSI SCHAEFER Group (Germany), BEUMER Group GmbH & Co. KG (Germany), Konecranes Plc (Finland), FORTNA Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), TGW Logistics Group GmbH (Austria), Swisslog Holding AG (Switzerland), Slip Robotics (U.S.), and Locus Robotics (U.S.).

Conclusion

The logistics automation market is expected to grow significantly in the coming years, driven by the factors mentioned above. This growth will be fueled by the increasing demand for efficiency and productivity in the logistics industry.

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