Logistics Automation Market Poised for 14.3 % Growth, Set to Hit $356.87 Billion by 2029

What combination of drivers is leading to accelerated growth in the logistics automation market?
The advancement of the e-commerce industry is anticipated to drive the expansion of the logistics automation market. E-commerce is the process of selling and buying goods and services online. The e-commerce industry employs logistics automation for inventory management in warehouses and distribution centers. This facilitates the smooth transfer of goods across multiple departments within the organization. For example, Forbes LLC, a media company based in the UK, reported in June 2024 that the number of e-commerce users in the UK had risen to an estimated 60 million in 2023. They predicted this number could escalate to 62.1 million by 2025. Consequently, developments in the e-commerce realm are fueling the growth of the logistics automation market.

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What is the projected compound annual growth rate (CAGR) of the logistics automation market from 2025 to 2034, and what factors influence it?
In recent times, there has been a swift expansion in the size of the logistics automation market. The market value is projected to rise from $66.59 billion in 2024 to $73.9 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.0%. Factors such as cost reduction, increased demand for efficiency, the rise of e-commerce, globalization, evolving customer expectations, and sustainability issues have all contributed to this growth rate in the historical period.

The market size of logistics automation is anticipated to experience a swift expansion in the coming years. It is predicted to surge to $126.19 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 14.3%. The projected growth during this period can be ascribed to factors such as autonomous vehicles, warehouse robotics, robotic process automation (RPA), customization and flexibility, and collaborative robotics (Cobots). Key trends during the forecast period are expected to be blockchain technology, the integration of artificial intelligence (AI), technological advancements like autonomous vehicles and drones, as well as the use of robotics in warehousing.

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How are the latest trends influencing the growth of the logistics automation market?
Prominent players in the logistics automation market are concentrating on establishing strategic partnerships to deliver dependable services to their clients. Strategic collaborations involve a cooperative relationship between two or more autonomous entities that work in unison to attain collective goals that are consistent with their personal strategic priorities. To illustrate, Logistex, a software company based in the UK, forged a partnership with Geek+, a global technology firm from China, in December 2023 to facilitate comprehensive automation solutions for logistics to their customers. By pooling Logistex's warehouse design and software prowess with Geek+'s superior mobile robotic solutions, they have created a comprehensive suite that can optimize fulfillment processes and enhance productivity.

What are the major segments of the logistics automation market and their role in driving growth?
The logistics automation market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Function: Warehouse and Storage Management, Transportation Management
3) By Organization Size: Small-Medium Size Organizations, Large Scale Organization
4) By End-User: Retail and E-Commerce, Automotive, Food and Beverage, Logistics and Transportation, Other End Users

Subsegments:
1) By Hardware: Workstations and Desktops, Laptops and Mobile Devices, Printers and Scanners, Networking Equipment, Servers and Storage Devices, Audio-Visual Equipment, Security Hardware
2) By Software: Workplace Management Software, Collaboration and Communication Tools, Project Management Software, IT Service Management (ITSM) Software, Document Management Software, Customer Relationship Management (CRM) Software, Security Software (Antivirus, Firewalls)
3) By Services: Technical Support Services, Consulting Services, Training and Development Services, Maintenance and Repair Services, Implementation Services, Managed Services, Cloud Services

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Which regions are key players in the growth of the logistics automation market?
North America was the largest region in the logistics automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the logistics automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the logistics automation market?
Major companies operating in the logistics automation market include Oracle Corporation, ABB Ltd., Toshiba Logistics Corporation, Murata Manufacturing Co Ltd., Kion Group AG, Jungheinrich Aktiengesellschaft, Daifuku Co Ltd., Kuka Robotics GmbH, Yaskawa Electric Corporation, Dematic GmbH, JBT Corporation, SSI Schaefer AG, Knapp AG, Körber Supply Chain Solutions, Mecalux S.A., Beumer Group GmbH, TGW Logistics Group GmbH, Manhattan Associates Inc., Swisslog Holding AG, JDA Software Group Inc., WiseTech Global Limited, Descartes Systems Group Inc., System Logistics SpA, VITRONIC GmbH, Falcon Autotech Private Limited, One Network Enterprises Inc., HighJump Software LLC, Matternet Inc., FANUC Corporation, Kawasaki Heavy Industries Ltd.

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What Is Covered In The Logistics Automation Global Market Report?

•Market Size Forecast: Examine the logistics automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the logistics automation market for a structured understanding.
•Key Players Overview: Analyze major players in the logistics automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the logistics automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the logistics automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the logistics automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the logistics automation market.
•Competitive Landscape: Review strategic developments in the logistics automation market, including expansions, agreements, and new product launches.

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