Meticulous Research® Projects Logistics Automation Market to Reach $65.14 Billion by 2031

 Meticulous Research®, a prominent global market research firm, has unveiled its latest report on the logistics automation industry. 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,” the report highlights significant growth trends and projections within this dynamic sector.

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According to the report, the global logistics automation market is set to achieve a substantial valuation of $65.14 billion by 2031, with a compound annual growth rate (CAGR) of 10% from 2024 to 2031. This robust growth trajectory is fueled by the accelerating expansion of e-commerce and the increasing deployment of robotics in logistics operations. Despite this, challenges such as high capital investment requirements and a lack of standardization are noted as potential constraints on market growth.

Key Market Insights:

  • Market Drivers: The rapid rise of e-commerce and advancements in robotics technology are major drivers of growth. Additionally, digital transformation in logistics, improvements in sensor technologies, and the trend toward outsourcing logistics functions present significant opportunities for stakeholders.
  • Challenges: The industry faces hurdles such as a shortage of skilled operators and concerns related to privacy and security, which may impact growth.
  • Trends: Noteworthy trends include a heightened focus on enhancing last-mile deliveries and the growing integration of artificial intelligence (AI) in supply chain and logistics management.

Segment Analysis:

  • By Offering: In 2024, the hardware segment is anticipated to dominate, driven by the surge in e-commerce, evolving consumer behaviors, and increased investments in optimizing logistics processes. Notably, Prozo Distribution Private Limited’s deployment of an Automated Storage & Retrieval System (ASRS) in partnership with Craftsman Automation Limited exemplifies this trend. Conversely, the software segment is projected to exhibit the highest CAGR due to advancements in logistics software and its seamless integration with supply chain management systems.
  • By Type: The inbound logistics segment is forecasted to hold the largest share in 2024, attributed to comprehensive solutions offered by key players and the growing adoption of advanced equipment. Fujitsu Limited’s partnership with One Network Enterprises highlights this segment's expansion. Meanwhile, the outbound logistics segment is expected to experience the highest CAGR, driven by automation solutions aimed at optimizing packaging and order fulfillment processes.
  • By Automation Mode: The semi-automatic systems segment is set to lead the market in 2024, benefiting from increased productivity and cost-effectiveness compared to manual operations. However, fully automatic systems are projected to achieve the highest CAGR, as enterprises increasingly adopt fully automated solutions for their logistics operations.
  • By Application: Inventory management is poised to capture the largest share in 2024 due to the growing need to optimize inventory levels and the adoption of automated systems like ASRS. Swisslog Holding AG’s collaboration with Walmart Inc. underscores the importance of inventory management solutions. The segment is also expected to record the highest CAGR, driven by advancements in RFID and barcode technologies.
  • By End User: The retail & e-commerce sector is forecasted to dominate in 2024, driven by changing customer expectations and the push for omni-channel presence. Dematic’s recent automation project with Bünting SCM/Logistik GmbH exemplifies this trend. Meanwhile, the automotive segment is anticipated to grow at the highest CAGR, with increased digitalization and intralogistics equipment adoption playing a key role.
  • By Geography: Asia-Pacific is expected to lead the market in 2024 due to rapid urbanization, industrialization, and increasing automation in fulfillment and distribution centers. The region is also projected to exhibit the highest CAGR, driven by enhanced omnichannel strategies and automation solutions. Noteworthy developments include Neoperl Group AG’s implementation of Swisslog’s AutoStore solution and Rhenus Group Hong Kong’s collaboration with Geekplus Technology Co., Ltd.

Key Players:

The logistics automation market features key players including 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.).

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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