Logistics Automation Market Size to Grow USD 51.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.3%

The logistics automation market refers to the use of technology and software to automate various tasks and processes in the logistics industry, including transportation, warehousing, and supply chain management. Logistics automation solutions include warehouse management systems, transportation management systems, inventory management systems, and other software and hardware solutions that can streamline operations, increase efficiency, and reduce costs.

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The global logistics automation market size is projected to grow from USD 32.7 billion in 2023 to USD 51.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. The logistics industry is benefiting from advances in technology, such as robotics, artificial intelligence, and the Internet of Things (IoT) in logistics automation market.

The logistics automation market has been growing rapidly in recent years, driven by the increasing adoption of technology and the need for faster, more efficient supply chain management.

The inventory and storage management segment is projected to account for larger market share in 2023 to 2028. Inventory and storage management includes tasks, such as material handling, order processing, demand forecasting, and packaging, in addition to inventory control, plant and warehouse site selection, distribution management, and salvage and disposal. Companies customize warehouse and storage management solutions according to their specific requirements. These solutions are aimed at improving safety and security and optimizing operations with real-time global positioning system (GPS) tracking. Thus, warehouse operating companies are adopting warehouse and storage management solutions to manage inventory by streamlining storage and distribution operations.

Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period

SMEs are focused on the deployment of logistics automation solutions to enhance competitiveness and reduce operating costs. Even though the high cost involved in automating logistics processes, the adoption of logistics automation solutions offers long-term RoI. However, SMEs are unable to automate logistics processes fully. With advancements in automation technology and intense competition among vendors, the cost of automating warehouses is declining. This, in turn, will enable SMEs to adopt automation solutions and services in the near opportunity. Furthermore, the adoption of cloud-based logistics automation software is expected to rise in SMEs as they require only required functions and features for small-scale warehouse operations.

Asia Pacific (APAC) region to record the highest CAGR in the logistics automation market

Asia Pacific is expected to grow at the highest CAGR during the forecast period. APAC is changing dynamically with respect to the adoption of new technologies across various sectors, especially in China, Japan and India. These countries have constantly supported and promoted industrial and technological growth. Moreover, the companies are significantly investing in manufacturing, automobile, retail, and healthcare industries in the region. Further, the expansion of the transportation and logistics industry and the increase in trade agreements are key factors projected to drive the growth of the logistics automation market in APAC.

By Company Type: Tier 1 - 45%, Tier 2 - 40%, and Tier 3 - 15%
By Designation: C-level - 40%, Directors - 35%, Managers- 15% and Others - 10%
By Region: North America - 15%, Europe - 35%, Asia Pacific - 40%, Middle East & Africa- 5%, and Latin America- 5%

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This research study outlines the market potential, market dynamics, and major vendors operating in the logistics automation market. Key and innovative vendors in the logistics automation market include Dematic (US), Honeywell Intelligrated (US), Daifuku (Japan), Oracle (US), SAP (Germany),IBM(US) ,SSI Schaefer (Germany), Knapp (Austria), Manhattan Associates (US), Swisslog (Switzerland), Blue Yonder (US),Mantis(US),Murata Machinery (Japan), TGW Logistics Group (Austria), Jungheinrich (Germany), System Logistics (Italy), Zebra Technologies (US), ABB (Switzerland), BEUMER Group (Germany),Korber(Germany), O9 Solutions(US), JR Automation(US), Automated Logistics Systems(US),SBS Toshiba Logistics (Japan), SAVOYE(France), Symbotic(US), Locus Robotics(US), GreyOrange (US), Eyesee (Hardis Group) (France), Falcon Autotech (India), Logistically(US),and Logiwa(US).

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