Logistics Automation Market is expected to reach US$ 85.19 million by 2030
According to our latest market study on "Logistics Automation Market Size and Forecast (2023–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Mode of Freight Transport, Application, and End-User Industry," the market was valued at US$ 35.21 billion in 2022 and is expected to reach US$ 85.19 million by 2030; it is estimated to record a CAGR of 11.7% from 2022 to 2030. The report includes growth prospects owing to the current logistics automation market trends and their foreseeable impact during the forecast period.
Logistics automation is replacing traditional logistics processes as it helps enhance the industry's overall efficiency by automating and streamlining the whole process, involving several tasks such as process tracking, freight operations, and documentation. The most common advantages of implementing logistic automation are reduced human errors as it shows enhanced customer services, improved scalability, and clear visibility of freight rates.
Logistics Automation Market – by Geography, 2022
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Source: The Insight Partners Analysis
Logistic automation became a substantial part of the supply chain process for small and large businesses. These businesses provide warehousing, transportation, inventory management, order fulfillment, distribution, and freight consolidation services. With the help of logistic hardware, software, and services, manufacturing companies can focus on sales, product development, and other main operations. The escalating demand for timely delivery management and shipping cost reduction, focus on core business, and record keeping of stock are among the factors forecasted to propel the global logistics automation market.
Moreover, factors such as growth in the development and adoption of e-commerce in the retail sector are expected to generate remarkable growth opportunities for the industry players. Also, every day, many businesses integrate new technologies—such as AI, big data, and the Industrial Internet of Things (IIoT) —to automate various processes in their warehouses. This tendency is reflected, for instance, in the growing use of automatic guided vehicles (AGVs) and autonomous mobile robots. This equipment maintains nonstop workflows while redeploying operators to higher-value tasks. Automated solutions are proving to be the best tools for optimizing the efficiency of logistics processes, which indicates that many businesses are installing automated storage and retrieval systems (AS/RS) and automated transportation solutions.
The logistics automation market analysis is carried out by identifying and evaluating key players in the market across different regions. Honeywell International Inc.; Beumer Group, Daifuku Co., Ltd.; KNAPP AG; Mecalux, S.A.; Dematic (KION Group); Murata Machinery, Ltd.; TGW Logistics Group; Swisslog Holding AG; and Toshiba Infrastructure Systems and Solutions Corp are among the key players profiled in the logistics automation market report. Several other major companies have been analyzed during this research study to get a holistic view of the ecosystem.
The scope of the logistics automation market report covers North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In terms of revenue, North America dominated the logistics automation market share in 2022.
The North America logistics automation market consists of the US, Canada, and Mexico. The region is developed in terms of advancement and adoption of modern technologies, improved standard of living, expansion of infrastructure, and so on. With the increasing customer demand for high-quality products and services, companies are constantly innovating to serve their customers in the best possible way.
Traditionally, logistics and warehouse management were highly manually intensive; however, the scenario has changed, and logistics systems today are almost completely automated and effective in terms of assisting the manager with product tracking at various levels of warehousing and distribution processes. Logistics automation is being implemented, and it spans from simple computer automation systems to more sophisticated management programs, which provide enhanced facilities such as monitoring inventory management, order picking, and enhanced dock logistics facilities.
The digital changes, particularly those influenced by the penetration of e-commerce, have enabled customers in North America to create an immediate and real-time demand impact on order fulfillment operations. Such real-time demand impact, coupled with the emerging multichannel distribution support business model, is expected to drive the demand for highly adaptive and scalable logistics automated systems, fueling the North America logistics automation market growth.
The supply chain industry in North America has been constantly transforming, substantially impacting the fundamentals of warehousing and distribution. Emerging technologies play a major role in these developments by filling the gap between supply chain operations and customers. The growing trend of digitalization and technological changes is fueling the penetration of e-commerce, leading to the demand for an impactful, immediate, and real-time order fulfillment process.
With the high adoption in varied sectors, robotics solutions are gaining momentum in logistics and transportation industries to enable companies to effectively cater to the needs of end users by delivering their orders to the doorsteps of customers. In addition, the logistics automation market players are expanding their businesses in the region to cater to the growing demand for automated solutions in the region, further driving the logistics automation market in the region. For example, in June 2023, ABB Robotics opened US packaging and logistics headquarters in Atlanta. The new facility serves as ABB's dedicated center for robotic automation solutions in logistics and packaging industries.
Logistics players and regulatory bodies have taken initiatives intending to accelerate the integration of autonomous drones with US airspace; they are working closely with drone-based technology companies as part of these initiatives. Dematic (KION Group); Honeywell International Inc.; and Mecalux, S.A. are developing and providing logistics automation hardware and software to their customers.
The logistics automation market growth in the US is attributed to the increasing number of logistics automation software and hardware providers in the country that are focusing on investments and partnerships to enhance their business. For instance, in December 2023, Yusen Logistics (Americas) Inc., one of the leading global supply chain logistics companies, entered into a strategic collaboration with Pickle Robot Company, one of the leaders in Physical AI and robotic automation. The partnership increased the integration of Pickle Unload systems at Yusen's Contract Logistics Group transloading operation in Long Beach, California. Moreover, the US Department of Transportation (USDOT) is working collaboratively with its stakeholders to resolve their safety issues. It is investing in the development of technology and systems to enhance the safety of automated vehicles. Thus, the increasing investments and the growing partnerships of the companies present in the US are likely to have a significant impact on the US logistics automation market forecast in the next few years. Moreover, with technological advancements, the adoption of automated machines across various industries is gaining high momentum, especially in the manufacturing & retail industry. The acceptance of automation in this industry has helped reduce human errors.
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