Press release
Logistics Automation Market Future Trends, Demand Growth, Top Companies, Size, Share, Recent Developments and Forecast to 2028
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 Logistic
The global logistics automation market [https://www.marketsandmarkets.com/Market-Reports/logistics-automation-market-83657139.html?utm_campaign=logisticsautomationmarket&utm_source=abnewswire.com&utm_medium=paidpr] is expected to expand from USD 32.7 billion in 2023 to USD 51.2 billion by 2028, registering a compound annual growth rate (CAGR) of 9.3% during the forecast period. The logistics industry is experiencing significant growth, driven by technological advancements such as robotics, artificial intelligence (AI), and the Internet of Things (IoT) in automation solutions.
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By Components, Hardware segment to account for largest market share during the forecast period
Hardware account for largest market share during the forecast period and these systems include hardware segment includes Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Automated Storage and Retrieval Systems (AS/RS), Automated Sorting and Conveyor Systems, De-palletizing/Palletizing Systems, and Automatic Identification and Data Collection (AIDC). AMRs are becoming increasingly popular in warehouses and distribution centers, as they can autonomously move goods around the facility without the need for human intervention. This technology can help to reduce labor costs and increase efficiency.
By Software Application, Shipping management segment to account for largest market share during the forecast period
Shipping management account for largest market share during the forecast period .Shipping management is the process of effectively managing the goods transportation into and out of storage to the warehouse in real time. The warehouse management solution offers an on-demand, web-based solution that helps companies increase order throughput, accuracy, and speed by streamlining the picking and shipping process when the order is received. Inventory levels are automatically updated into the warehouse system after each shipment is sent to ensure accurate, real-time inventory visibility and control.
By Verticals ,Retail and eCommerce segment is expected to grow at the highest CAGR during the forecast period
Retail and eCommerce segment is expected to grow at the highest CAGR during the forecast period.The retail & eCommerce industry has emerged as one of the most dynamic and fast-paced industries, due to the advent of new players, such as Daifuku, Dematic, and Honeywell Intelligrated, offering logistics automation solutions. Technological improvements in logistics management solutions have helped companies in this industry to manage logistics operations, enhance customer satisfaction, increase customer loyalty, and expand market reach. The retail & eCommerce industry faces the challenge of delivering quick, accurate, and undamaged goods to consumers. The need to ensure the timely delivery of products exerts pressure on distributors to ship products in the shortest possible time.
Among regions, North America region is estimated to hold the largest market share in the logistics automation market
North America is expected to hold the largest market share during the forecast period. North America is a global focus on innovation with regards to breakthrough technologies in the logistics automation industry. Companies in North America focus on reducing operational costs and transforming factories, warehouses, and distribution centers, and hence, adopting logistics automation solutions to improve supply chain operations, including the manufacturing, assembly, and transportation of goods.
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Unique Features in the Logistics Automation Market
A key feature of the logistics automation market is the seamless integration of advanced technologies, including robotics, artificial intelligence (AI), and the Internet of Things (IoT). These technologies work together to optimize supply chain operations, enhance efficiency, and improve decision-making processes.
Robotics is a significant component of logistics automation, with the use of automated guided vehicles (AGVs), drones, and robotic picking systems. These robots help automate repetitive tasks such as order picking, packing, and sorting, reducing human error and increasing throughput.
The logistics automation market leverages real-time data analytics to enhance operational efficiency and decision-making. By collecting and analyzing data from various sources-such as transportation routes, inventory levels, and customer orders-companies can gain valuable insights into their supply chain performance.
Logistics automation provides improved visibility and transparency across the supply chain. With IoT-enabled devices and tracking systems, companies can monitor the status and location of shipments in real-time.
One of the unique features of logistics automation is its flexibility and scalability. Automation solutions can be tailored to meet the specific needs of different organizations, whether they are small businesses or large enterprises.
Major Highlights of the Logistics Automation Market
The market is being propelled by rapid advancements in technology, including robotics, artificial intelligence (AI), and the Internet of Things (IoT). These technologies enhance operational efficiency, optimize supply chain management, and enable companies to respond more effectively to market demands.
The logistics industry is facing increasing pressure to improve efficiency and reduce costs. As a result, businesses are turning to automation to streamline processes, enhance productivity, and minimize errors. Automated systems help organizations achieve faster order fulfillment and better resource management.
Robotics plays a crucial role in logistics automation, with the rising adoption of automated guided vehicles (AGVs), drones, and robotic picking systems. These innovations help automate repetitive tasks, reduce manual labor, and improve overall operational efficiency, driving the market forward.
One of the major highlights of the logistics automation market is the enhanced visibility and tracking capabilities provided by IoT and data analytics. Companies can monitor shipments and inventory in real time, leading to better decision-making, improved customer service, and proactive issue resolution.
The logistics automation market is increasingly emphasizing sustainability. Automation solutions contribute to greener supply chain practices by optimizing transportation routes, reducing fuel consumption, and utilizing energy-efficient technologies. This aligns with the growing demand for sustainable operations in the logistics sector.
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Top Companies 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).
Daifuku (Japan)
Daifuku was founded in 1937 and is headquartered in Osaka, Japan. It offers consulting, designing, manufacturing, planning and engineering, installation and operation, and after-sales services for logistics systems and automated material handling equipment. The core businesses of the company are intralogistics, cleanroom, automotive, airport technologies, auto wash, and electronics. Daifuku has operations worldwide, with affiliate companies and offices in 26 countries. Key products offered by the company include manufacturing and distribution systems, semiconductor manufacturing system, flat panel display manufacturing system, automobile assembly line systems, airport products, and car washing machines. The company also provides material handling products, including conveyor systems, AGVs, ASRS, sorting systems, and picking systems.
SAP (Germany)
SAP was founded in 1972 and is headquartered in Walldorf, Germany. The company is a leading provider of enterprise application software. It specializes in analytics and business intelligence services. SAP has expertise in various technologies, including analytics, application platform and infrastructure, data management, IT management, and security software. SAP operates through two segments: Cloud and Software, and Services. SAP offers warehouse and transportation management system solutions through the Cloud and Software segment. It also caters to various verticals that include energy and natural resources, financial services, consumer industries, discrete industries, service industries, and public services.
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