Logistics Automation Market Opportunities Worth US$ 137.7 Billion by 2028 | Industry Growth Rate (CAGR) 13.93%

The latest report by IMARC Group, titled "Logistics Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global logistics automation market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global logistics automation market size reached US$ 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 137.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.93% during 2023-2028.

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Logistics automation represents an integration of software, machinery, and control systems to improve the overall operational efficiency across warehouses and storage facilities. It aids in reducing manual data entry errors and enhancing customer services by using features, such as real-time freight tracking, auto pick-up, proper insurance, automatic notifications, etc. In addition to this, logistics automation assists in minimizing the workforce needed for processing tasks, including weighting, barcoding, counting, picking, packing, etc. Furthermore, it is scalable, speedy, accurate, etc. Consequently, logistics automation finds wide-ranging applications in various industries, such as automotive, retail, food and beverage (F&B), etc.

Logistics Automation Market Trends and Drivers:

The inflating popularity of e-commerce platforms, on account of the increasing penetration of high-speed internet connections, is primarily driving the logistics automation market. Additionally, the rising number of logistics and warehousing companies is also propelling the product demand.

Besides this, the leading manufacturers are developing warehouse robots to eliminate the need for manual involvement in a variety of activities, such as warehousing and material handling, by automating laborious tasks and ensuring the safety of the workforce, which is acting as another significant growth-inducing factor.

Moreover, the growing integration of automated logistics with numerous advanced technologies, including global positioning systems (GPS), biometrics, artificial intelligence (AI), etc., for improved operational efficiency is augmenting the global market.

Apart from this, the introduction of autonomous heavy-duty freight vehicles and flying drones for performing several intralogistics processes within the storage facilities is anticipated to fuel the logistics automation market over the forecasted period.

Global Logistics Automation Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

ABB Ltd., Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Jungheinrich AG, Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Oracle Corporation, SAP SE and Swisslog Holding AG (KUKA AG).

The report has segmented the market on the basis of region, component, function, enterprise size and industry vertical

Breakup by Component:
• Hardware
o Mobile Robots (AGV, AMR)
o Automated Storage and Retrieval Systems (AS/RS)
o Automated Sorting Systems
o De-palletizing/Palletizing Systems
o Conveyor Systems
o Automatic Identification and Data Collection (AIDC)
o Order Picking
• Software
o Warehouse Management Systems (WMS)
o Warehouse Execution Systems (WES)
• Services
o Value Added Services
o Maintenance

Breakup by Function:
• Warehouse and Storage Management
• Transportation Management

Breakup by Enterprise Size:
• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Industry Vertical:
• Manufacturing
• Healthcare and Pharmaceuticals
• Fast-Moving Consumer Goods (FMCG)
• Retail and E-Commerce
• 3PL
• Aerospace and Defense
• Oil, Gas and Energy
• Chemicals
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/logistics-automation-market

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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