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Logistics Automation Market: Streamlining Supply Chain Efficiency for the Future (2023-2029)

Logistics Automation Market

Logistics Automation Market

Logistics Automation Market Set to Double by 2029, Driven by Rising Adoption of Industry 4.0 and Advanced Technologies

The Global Logistics Automation Market, valued at US$ 55.60 billion in 2022, is poised to witness substantial growth, reaching an estimated US$ 115.29 billion by 2029. According to the latest market research, the sector is expected to grow at a commendable CAGR of 10.98% throughout the forecast period.

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Driving Forces and Market Dynamics

The logistics automation market's growth is fueled by several factors, including the rising adoption of big data in automated logistics technologies, the use of IoT platforms in supply chain management, and the popularity of Logistics 4.0. The integration of robotics in warehouse management, coupled with the adoption of advanced technologies to minimize labor costs and enhance productivity, is propelling the market forward.

Logistics Automation Market Report Scope and Research Methodology

The report provides business statistics and analytical insights to help you understand the Logistics Automation market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Logistics Automation market size. Both primary and secondary research methodologies were used to clearly present the Logistics Automation market structure.

In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Logistics Automation key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Logistics Automation industry experts were interviewed.

The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Logistics Automation competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Logistics Automation market.

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Logistics Automation Market Regional Analysis

The report has been segmented into many key countries. This section provides a detailed analysis of the Logistics Automation market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:

North America- U.S., Canada, Mexico
Europe- UK, Germany, France, Spain, Rest of Europe
Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
South America- Brazil
Middle East and Africa.
Logistics Automation Market Segmentation:

by Function

Warehouse & Storage Management
Transportation Management

Function-wise, over the course of the projection period, the transport management segment is expected to grow at the fastest rate. One of the key factors expected to propel the growth of the transportation management segment is the need to guarantee timely delivery of goods and minimise transportation expenses.

by Organization Size

Small & Medium-sized Enterprises (SMEs)
Large Enterprises

by Vertical

Retail & E-commerce
Manufacturing
Oil, Gas & Energy
Pharmaceuticals & Healthcare
Logistics & Transportation
Automotive
Aerospace & Defense
Food & Beverage
Chemicals
Others

According to Vertical, the market for logistics automation is expected to be led by the automotive sector during the projected period. The automotive industry has witnessed a surge in competition, leading to a greater need for automated production systems and adaptable logistics systems to improve vehicle manufacturing and supply. Fleet management and logistics solutions are used by the automotive industry to track, manage, and keep an eye on the movement of vehicles and goods.

by Components

Hardware-integrated Systems
Software
Warehouse Management System (WMS) software
Transportation Management System (TMS) software
Services
Consulting
Implementation
Support and Maintenance

Based on component, the global demand for robotics and automation technology for food and beverage companies is expected to propel the hardware-integrated systems segment to the top of the market share forecasted period. The Automated Storage and Retrieval System (ASRS), robotic handling systems, conveyors and sorting systems, autonomous mobile robots (AMRs), and automated guided vehicles (AGVs) are all included in the hardware-integrated systems segment.

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Logistics Automation Market Key Players are:

1. Toshiba Logistics
2. TGW Logistics Group GmbH
3. Wisetech Global
4. System Logistics SPA
5. Falcon Autotech
6. Dematic
7. Daifuku
8. Swisslog
9. Honeywell Intelligrated
10. Murata Machinery
11. Knapp GG
12. Jungheinrich AG
13. SSI Schaefer
14. Mecalux, S.A.
15. Vitronic
16. Beumer Group
17. Hinditron
18. JBT Corporation
19. UlMA Handling System
20. SI system LLC
21. The Apache Software Foundation
22. KNAPP AG
23. Blue Yonder
24. E&K Automation
25. HighJump

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report: https://www.maximizemarketresearch.com/request-sample/7182

Key Questions answered in the Logistics Automation Market Report are:

What is Logistics Automation?
What will be the CAGR of the Logistics Automation market during the forecast period?
What trends are expected to generate additional revenue for the Logistics Automation market?
What are the opportunities for the Logistics Automation Market?
What factors are driving the Logistics Automation market growth?
Which company held the largest share in the Logistics Automation market?
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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