About Logistics Automation
Logistics automation refers to the application of automated machinery or computer software to improve the efficiency of logistics operations. Market players are focusing on technological developments in the logistics industry to improve their productivity. For instance, DHL Supply Chain invested USD 300 million in deploying new technology such as robotics, augmented reality, robotics process automation, IoT, and transportation control towers in 350 of its 430 North American facilities. Further, increasing demand for logistics automation from small and medium enterprises expected to drive the demand for logistics automation over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.18% |
The number of players is present in the market hence fragmented nature of the market. Market players are investing for technological advancement in the logistics automation industry. For instance, Panalpina a forwarding and logistics services provider built logistics test centre in Singapore. This is expected to generate lucrative opportunities for the companies involved in logistics automation. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Logistics Automation market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dematic Corporation (United States), Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), Honeywell Intelligrated, Inc. (United States), KNAPP AG (Austria), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria), SSI Schaefer AG (Switzerland), Mecalux, S.A. (Spain), VITRONIC (Germany), BEUMER Group (Germany), Toshiba Logistics Corporation (Japan), Jungheinrich AG (Germany), WiseTech Global Limited (Australia), System Logistics Spa (Italy) and XPO Logistics (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ULMA Handling Systems (Spain), Inspirage (United States), FRAMOS (Germany), Falcon Autotech (India), DHL Supply Chain (Germany), Matternet Inc. (United States), Pcdata BV (Netherlands), SI Systems LLC (United States), Hinditron (India), JBT Corporation (United States) and OPEX Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Logistics Automation market by and Region.
On the basis of geography, the market of Logistics Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small & Medium-sized Enterprises (SMEs) will boost the Logistics Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Retail & E-commerce will boost the Logistics Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Warehouse & Storage Management will boost the Logistics Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Chatbot and Robotics for Logistics Automation, The emergence of Blockchain technology for Logistics Automation and Rise in Adoption of Data Analytics and Big Data Logistics
Market Growth Drivers:
Robust Growth in E-Commerce Industry, Rise in Application of IoT Technology for Logistics Automation and Increasing Adoption of Logistic Automation for Warehouse & Storage Management
Challenges:
Security and Safety Issues with Logistics Automation and Lack of Acceptance in Emerging Economies
Restraints:
High Capital Investment for Logistics Automation and Lack of Skilled Professionals to Adopt New Technology
Opportunities:
Emergence of Industry 4.0, Increasing Demand for Driverless Vehicles and Drones for Logistics Management and Rising Adoption of Logistics Automation in Small and Medium Enterprises
Market Leaders and their expansionary development strategies
In June 2023, Hyundai Glovis Co. announced that it has signed a stock purchase agreement related to the acquisition of Altiall, a company that specializes in logistics automation solutions.
In December 2023, Emtec Digital, a leading technological solutions provider, launched OptimateIQ which is a digital platform offering a wide array of services for enhancing the productivity of supply chains. These services are automation solutions specifically designed for the logistics industry.
Key Target Audience
Logistics Solution Providers, Application Developers, System Integrators, Communication Equipment Providers, Government Agencies and Authorities, Original Equipment Manufacturers, Data Management and Predictive Analysis Companies, Wireless Infrastructure Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.