BANGALORE, India, May 7, 2024 /PRNewswire/ -- Logistics Automation
Market is Segmented by Component (Hardware, Software, Services), by
Application (Warehouse and Storage Management, Transportation
Management), by End-Use Industry(Manufacturing, Healthcare and
Pharmaceuticals, Fast-Moving Consumer Goods, Retail and E-commerce,
Automotive, Others): Global Opportunity Analysis and Industry
Forecast, 2024-2030.
The global logistics automation market was valued at USD 49.7 Billion in 2020, and is projected to
reach USD 147.4 Billion by 2030,
growing at a CAGR of 11.9% from 2021 to 2030.
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Major Factors Driving the Growth of Logistics Automation
Market
The market for logistics automation is expanding rapidly, driven
mainly by the growing need to optimize operations, boost
productivity, and save expenses in the supply chain. Traditional
logistics procedures are being revolutionized by factors including
the quick improvements in technology, especially in the areas of
robots, artificial intelligence, and data analytics. Furthermore,
the necessity for real-time tracking and visibility, the growing
complexity of international trade, and the rise in e-commerce
activities are all pushing the use of logistics automation
systems.
Furthermore, a major factor driving market development is the
persistent trend towards warehouse automation, which is being
driven by labor shortages and the need for speedier order
fulfillment. The strategic necessity of establishing agility and
scalability in logistics operations is highlighted by the
integration of automation technology, as businesses struggle to
stay competitive in a constantly changing market.
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TRENDS INFLUENCING THE GROWTH OF LOGISTICS AUTOMATION
MARKET
In the industrial industry, accuracy and efficiency are
critical. Streamlining procedures from order fulfillment to
inventory management using logistics automation lowers mistakes and
boosts output. Complex processes like inventory management,
replenishing assembly lines, and packing may be handled by
automated systems, which helps businesses effectively adjust to
variations in demand. The pursuit of lean operations and
just-in-time manufacturing by firms has made logistics automation
crucial for streamlining supply chain procedures and preserving
competitive edge.
Adoption of logistics automation is fueled by strict safety and
compliance rules in the pharmaceutical and healthcare industries.
By ensuring precise tracking and traceability of delicate goods
like pharmaceuticals and medical equipment, automated solutions
reduce the possibility of mistakes or contamination. These
technologies, which range from automated medicine delivery to
temperature-controlled storage, improve operational efficiency
while enhancing patient safety and regulatory compliance.
Automation of logistics is now necessary to provide a safe and
dependable supply chain in the healthcare sector due to rising
demand and regulatory requirements. In order to satisfy customer
needs, the fast-moving consumer goods (FMCG) industry depends on
speed and scalability. FMCG firms may effectively manage inventory,
maximize order fulfillment, and expedite delivery times with the
help of logistics automation.
Agile and effective logistics operations are necessary in retail
and e-commerce to fulfill omnichannel expectations. Retailers can
optimize order fulfillment and inventory visibility while
integrating online and offline sales channels with ease thanks to
automated warehouse management systems (WMS) and transportation
management systems (TMS). Retailers may improve customer happiness
and loyalty by automating processes like order routing, inventory
restocking, and last-mile delivery scheduling. Logistics automation
becomes a strategic necessity for merchants looking to remain
competitive in a changing market scenario as e-commerce expands and
changes.
The foundation of logistics automation is warehouse and storage
management, which provides accuracy and efficiency in inventory
handling and fulfillment procedures. Robotics, RFID, and Internet
of Things sensors are just a few of the technologies that automated
warehouse systems use to maximize storage space utilization, lower
picking mistakes, and improve inventory visibility. Automation
helps firms increase order accuracy, reduce labor expenses, and
simplify operations by handling processes like inventory selection,
counting, and restocking. As warehouses transform into
sophisticated distribution hubs, logistics automation becomes
essential to fulfilling the ever-increasing needs of contemporary
supply chains.
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LOGISTICS AUTOMATION MARKET SHARE ANALYSIS:
Software is anticipated to be the most profitable industry.
Between 2021 and 2030, Asia-Pacific would have the highest CAGR of
13.4%.
The most profitable market sector is expected to be small and
medium-sized businesses.
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Key Players:
- Beumer Group GmbH & Co KG
- Daifuku
- Honeywell International Inc
- Jungheinrich AG
- Kion Group AG
- Knapp AG
- Mecalux
- Murata Machinery; Ltd.
- SSI Schaefer Group
- TGW Logistics Group GmbH
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Logistics Automation System Market
- The global logistics market size is valued at
USD 7641.20 billion in 2017 and is
projected to reach USD 12975.64
billion by 2027 registering a CAGR of 6.5% from 2020 to
2027.
- Logistics Automation System Integration Market
- The global Digital Logistics market size is
projected to reach USD 22170 million
by 2028, from USD 10230 million in
2021, at a CAGR of 11.5% during 2022-2028.
- The global contract logistics market size was
valued at USD 243.6 Billion in 2021,
and is projected to reach USD 505.3
Billion by 2031, growing at a CAGR of 7.5% from 2022 to
2031.
- In-plant Automated Logistics Market
- The global In-plant Logistics Automation revenue
was USD 16160 million in 2022 and is
forecast to a readjusted size of USD 44000
million by 2029 with a CAGR of 15.2% during the review
period (2023-2029).
- The global Drone Logistics and Transportation
market size is projected to reach USD
12180 million by 2028, from USD
5752.2 million in 2021, at a CAGR of 10.8% during
2022-2028.
- The global Industrial Automation market size is
projected to reach USD 212410 million
by 2027, from USD 130710 million in
2020, at a CAGR of 6.7% during 2021-2027.
- The global Freight Forwarding market was valued at
USD 386.7 million in 2023 and is
anticipated to reach USD 559.6
million by 2030, witnessing a CAGR of 5.5% during the
forecast period 2024-2030.
- Intelligent Logistics Conveying And Sorting System
Market
- The global In-plant Logistics Integrated Solutions
market is projected to reach USD 40180
million in 2029, increasing from USD
16160 million in 2022, with the CAGR of 15.3% during the
period of 2023 to 2029.
- The global supply chain management market was
valued at USD 27.2 Billion in 2022,
and is projected to reach USD 75.6
Billion by 2032, growing at a CAGR of 10.9% from 2023 to
2032.
- The global Same Day Delivery market was valued at
USD 17430 million in 2023 and is
anticipated to reach USD 58530
million by 2030, witnessing a CAGR of 18.5% during the
forecast period 2024-2030.
- Linear Transfer Automation Market
- Logistics Automation Software Developing Market
- The global Agricultural Products Logistics
market is projected to reach USD 3623.9
million in 2029, increasing from USD
1215 million in 2022, with the CAGR of 16.4% during the
period of 2023 to 2029.
- The global contract logistics market size was
valued at USD 243.6 Billion in 2021,
and is projected to reach USD 505.3
Billion by 2031, growing at a CAGR of 7.5% from 2022 to
2031.
- The global High Precision Component Logistics
market is projected to reach USD 406.3
million in 2029, increasing from USD
308 million in 2022, with the CAGR of 4.5% during the period
of 2023 to 2029.
- The global 3PL Warehouse Service market is
projected to reach USD 366400 million
in 2029, increasing from USD 257440
million in 2022, with the CAGR of 5.2% during the period of
2023 to 2029.
- Automated Airport Logistics Solution Market
- Automotive Cross-border Logistic - Global Market
- The global Automation as a Service market was
valued at USD 3254 million in 2023
and is anticipated to reach USD 16440
million by 2030, witnessing a CAGR of 26.8% during the
forecast period 2024-2030.
- Cold Chain Drug Logistics Market
- The global market for Linear Transfer Systems was
estimated to be worth USD 571.8
million in 2023 and is forecast to a readjusted size of
USD 976.6 million by 2030 with a CAGR
of 8.1% during the forecast period 2024-2030
- The warehousing and distribution logistics
market was valued at D12,018.98 billion in 2021, and is
estimated to reach D25,788.7 billion by 2031, growing at a CAGR of
7.7% from 2022 to 2031.
- The global Spare Parts Logistics Solution market is
projected to reach USD 26280 million
in 2029, increasing from USD 22160
million in 2022, with the CAGR of 2.5% during the period of
2023 to 2029.
- The global Forging Automation Solution market is
projected to reach USD 1637 million
in 2029, increasing from USD 837
million in 2022, with the CAGR of 9.6% during the period of
2023 to 2029.
- Robotic Automation Process Market
- Cognitive Process Automation Market
- The global Digitized Logistics market size is
expected to reach USD 5951.9 million
by 2029, growing at a CAGR of 18.3% from 2023 to 2029.
- The energy logistics market was valued at D351.20
billion in 2021, and is estimated to reach USD 1,383.74 billion by 2031, growing at a CAGR
of 14.7% from 2022 to 2031.
- Warehouse Automation Market
- 3PL Market
- Retail Logistics Market
- Air Cargo Market
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