From manual to mechanical, the logistics automation revolution and its impact on global trade

Due to advancements in technology, a growing need for efficient supply chains, and the growth of e-commerce, the logistics automation sector has experienced significant growth in recent years. These technologies include automated storage and retrieval systems (ASRS), robotics, artificial intelligence (AI), the Internet of Things (IoT), self-driving vehicles, and warehouse management systems. The early 2000s saw the growth of e-commerce, driven by businesses like Amazon, which raised demand for quicker and more effective fulfilling processes. This period witnessed the creation of automated storage and retrieval systems (ASRS) and the incorporation of robots into warehouse operations. According to the research report, "Global Logistics Automation Market Outlook 2029" published by Bonafide Research, the market is anticipated to cross USD 69 Billion by 2029, increasing from USD 34.63 Billion in 2023. The market is expected to grow with a 12.54% CAGR from 2024 to 2029. A significant advancement in robotics in logistics was made possible by Amazon's acquisition of Kiva Systems in 2012. The application of AI and machine learning to logistics in the 2010s, which enhanced inventory management, demand forecasting, and route planning, was another noteworthy development. One of the most revolutionary innovations has been the use of drones and autonomous mobile robots (AMRs).

E-commerce saw a sharp growth in Global during the pandemic, and worldwide sales are predicted to rise in 2020. This led to an urgent demand for additional automated fulfillment centers, which prompted businesses like Walmart, Alibaba, and Ocado to step up their automation efforts. Automation technologies like as AMRs, drone-based contactless delivery, and AI-powered route optimization were deployed to deal with the increase in demand and limit human touch. Businesses in the market for logistics automation are collaborating more and more to improve their skills. For instance, DHL and Locus Robotics have installed AMRs in DHL's warehouses. Walmart also collaborated with Symbotic to automate supply chain processes. Marketing campaigns usually emphasize how automation may increase productivity, save expenses, and speed up delivery. During major shopping holidays like Singles' Day, Alibaba and JD.com have aggressively marketed their automated warehouses and fulfillment centers, highlighting the value of automation in handling high order volumes. Another interesting last-mile delivery innovation is the use of drones. In 2016, Amazon successfully completed its first drone delivery in the UK, suggesting that unmanned aerial vehicles (UAVs) could find widespread application in logistics. In a similar vein, companies like DHL and UPS have been testing drone delivery services in remote and challenging-to-reach areas. Furthermore, the use of autonomous vehicles (AVs) for freight transportation has grown in acceptance.

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A variety of logistical operations, including manufacturing, sales, recovery, and procurement logistics, play different roles in the Global logistics automation market and all add to the overall efficacy and efficiency of the supply chain. Because efficient order fulfillment is necessary due to the expansion of e-commerce, Sales Logistics is now leading the industry in the implementation of automation. Automation technologies such as advanced WMS, robotics, and autonomous delivery systems are vital for managing the high volume and speed demanded in sales logistics. Leading companies such as Amazon, Alibaba, and DHL are utilizing cutting-edge automation solutions to boost efficiency and meet the increasing demands of their clientele. The administration of supplies and products during the manufacturing process is referred to as production logistics. Its main objective is to guarantee timely delivery of raw materials to production lines and effective transportation of finished items to storage or distribution centers. Reverse logistics, also referred to as recovery logistics, is the process of having customers return goods to the manufacturer or supplier. Items can be thrown away, recycled, or returned. Recovery logistics hasn't gotten much attention in the past, but as environmental concerns and customer expectations for hassle-free returns increase, it will become more important. The process of locating and obtaining the supplies and products needed for production is known as procurement logistics. Inventory control, purchasing procedures, and supplier management are all involved. Organizational size has a significant influence on the adoption and use of automation technology in the logistics automation sector. Large businesses and small and medium-sized organizations (SMEs), each with distinct needs and features for logistics automation, are the two market categories that are frequently separated apart. At the moment, big businesses are adopting automation at the highest rate. Their extensive supply chain operations and significant financial resources drive the need for state-of-the-art automation systems. Through large investments in technology and innovation, they frequently set industry standards and shape market trends. However, SMEs are taking part in and profiting from logistics automation more and more as more affordable and adaptable automation solutions become available. Small and medium-sized businesses face a variety of challenges. Smaller businesses and those with limited financial means usually find it difficult to invest in large-scale automation technologies. SMEs are, nevertheless, quickly putting into place scalable and modular automation systems that are tailored to their unique needs and financial constraints.

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Within the logistics automation industry, inventory and storage management, together with transportation logistics are essential services that each have a distinct function in supply chain optimization. In terms of automation usage, Transportation Logistics is currently in the lead. This trend is being driven by the growing need for faster delivery times as well as the growing complexity of global supply chains. Transportation logistics automation technology includes things like telemetry systems, self-driving cars, and sophisticated route optimization algorithms. Through the use of artificial intelligence and machine learning, route optimization finds the most efficient delivery routes, saving fuel and speeding up delivery times. Among the top companies in the sector offering complete transportation management and visibility solutions are Trimble, Project44, and ClearMetal. In the logistics automation market, value-added services (VAS), maintenance, consultancy, deployment and integration, support and maintenance, hardware, software, and transportation management systems (TMS) are some of the essential elements that propel operational efficiency and effectiveness. Software is currently the most significant and commonly used of these components. Sophisticated software solutions are now required to enhance performance and connect multiple automation systems due to the increasing complexity of logistics operations and the need for real-time data analytics. Among the leading companies in the software sector are SAP, Oracle, and JDA Software (Blue Yonder), which offer comprehensive solutions for integrating and streamlining logistics operations. For automation systems to function properly and for data to be used effectively in decision-making, software is essential.

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Asia-Pacific is the leader in the global logistics market because of its advantageous location, fast expanding economies, and extensive networks for commerce and manufacturing. China, the biggest exporter in the world, is important, as are other big players like Japan, India, and the nations of Southeast Asia. Massive volumes of cargo can be handled effectively in the region, because of its strong infrastructure, which includes contemporary ports, railroads, and highways, as well as its emphasis on digital transformation in logistics. The need for logistics services has increased as a result of the growth of e-commerce, especially in China and India. Automation, warehousing, and supply chain management innovations have increased operational efficiency and garnered international attention. Prominent logistics firms in this area include SF Express (China), Nippon Express (Japan), Yusen Logistics (Japan), and DHL (Germany), which has significant operations throughout Asia. Alibaba's logistics division, Cainiao Network, has grown quickly and now employs cutting edge technologies to maximise delivery times. Global Swiss player Kuehne + Nagel also benefits from Asia's expansion. Asia-Pacific is more competitive due to government policies that support free trade and logistics-friendly laws, in addition to developments in infrastructure and digital technology. The region's dominance in global logistics is further cemented by its strong linkages to international trade accords, such as the Regional Comprehensive Economic Partnership (RCEP).

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Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Logistic Automation market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:
Asia-Pacific: (South Korea, China, India, Japan)
North America: (United States, Canada)
Europe: (Germany, France, United Kingdom, Italy)
South America: (Brazil, Argentina)
Middle East & Africa: (UAE, South Africa, Saudi Arabia)

By Logistics Type
• Production Logistics
• Sales Logistics
• Recovery Logistics
• Procurement Logistics

By End User
• Retail and E-Commerce
• Manufacturing
• Healthcare and Pharmaceuticals
• Food and Beverage
• Automotive
• Logistics and Transportation
• Others (chemicals, aerospace)

By Organization Size
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

By Function
• Inventory and Storage Management
• Transportation Logistics

By Component
• Hardware (AMRs, AGVs, AS/RS, Automated Sorting and Conveyor Systems, De-Palletizing/Palletizing Systems, AIDC, Order Picking Systems)
• Software (Warehouse Management System (WMS), Transportation Management System (TMS))
• Services (VAS, Maintenance, Consulting, Deployment and Integration, Support and Maintenance)

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Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
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Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

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