Press release
Logistics Automation Market Size, Share, Demand and Growth Analysis Report 2021-2028
Logistics Automation Market
Increased integration of automation in logistics to reduce the involvement of human manual efforts to save both time and money and curbing uncertainty in the successful accomplishment of operations is the key factor stimulating the growth of the logistics automation market over the forecast period.
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Key players operating in the global logistics automation market are Murata Machinery, Toshiba Logistics, Vitronic, Wisetech Global, ULMA Handling Systems, Swisslog Holding AG, Deutsche Post DHL Group, FedEx Corp., United Parcel Service, Inc., and DSV Air & Sea Inc., among others.
Further key findings from the report suggest
Based on end-use, the manufacturing industries are anticipated to contribute a revenue close to USD 34.82 Billion and a growth rate of 13% over the forecast timeline.
The e-Commerce segment is estimated to experience exponential growth of nearly 17.3% through 2028.
Based on automation type, the hardware-centric segment accounted for 37.6% of the logistics automation market share in 2020 and is set to grow at 16.0% through 2028.
The software-centric automation segment is estimated to contribute a revenue share of approximately USD 61.84 Billion by 2028. Software-centric automation employs all the operational works that do not require any machine for the purpose of product handling. Cataloging, inventory management, tracking of the product delivery, resource management, and others are entitled to this product type for automation enhancement.
On the basis of the component of logistics, the material handling & transportation segment is estimated to witness a growth rate of 15.3% over the analysis period.
Based on logistics model type, the first party logistics segment accounted for 15.3%, and the third party logistics segment held 45.6% of the global market share in 2020.
The second party logistics model is forecast to account for 23.5% of the market revenue share by 2028 due to extensive adoption by firms for handling operational management.
In the regional landscape, North America accounted for the largest market share of 35.1% in 2020, followed by the APAC region, accounting for 26.2% of the logistics automation market share in the same year.
The APAC region is forecast to exhibit a notable growth rate of 17% with a revenue generation of nearly USD 43.83 Billion by 2028 on account of major growth in the consumer base in the retail and e-Commerce sector along with the presence of a large number of manufacturing industries in the region.
Europe is forecast to account for 22% of the logistics automation market share, exhibiting a CAGR of 11% over the projected timeframe.
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For the purpose of this report, Reports and Data has segmented the Global Logistics Automation Market on the basis of end-user, automation type, components of logistics, logistics model, and region:
End-User Outlook (Revenue: USD Billion; 2020-2028)
Manufacturing Industries
Retails
eCommerce
Oil & Gas Industries
Food & Beverages
Government Utilities
Healthcare Market
IT Industries
Others
Automation Type Outlook (Revenue: USD Billion; 2020-2028)
Hardware Centric
Software Centric
Components of Logistics Outlook (Revenue: USD Billion; 2020-2028)
Warehouse Management
Material Handling & Transportation
Logistics Model Outlook (Revenue: USD Billion; 2020-2028)
First Party Logistic Model
Second Party Logistic Model
Third Party Logistic Model
Fourth Party Logistic Model
Fifth Party Logistic Model
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Detailed Regional Analysis Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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