Global Logistics Automation Market Share to Touch USD 144.08 Billion by 2032

Logistics Automation Market Size Worth $144.08 Billion By 2032 | CAGR: 15.90%


The global logistics automation market size is expected to reach USD 144.08 billion by 2032, according to a new study by Polaris Market Research. The report “Logistics Automation Guides Market Share, Size, Trends, Industry Analysis Report, By Function (Vertical, Inventory & Storage Management); By Component; By Organization; By Logistics; By Vertical; By Software; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapid growth of e-commerce has led to significant changes in supply chains and logistics management, with a shift towards online delivery platforms, click-and-collect models, and curbside collections. To meet these evolving demands, logistics providers are heavily investing in technologies like warehouse robotics, sorting systems, and warehouse management software. Automation, facilitated by collaborative robots, large-scale conveyor systems, and automated storage and retrieval systems, is becoming commonplace in warehouses to enhance productivity. Additionally, the integration of cutting-edge technologies like artificial intelligence, machine learning, and data analytics is gaining momentum, enabling more informed operational decisions.

Market growth is primarily driven by factors such as improved efficiency, enhanced workforce safety, the surge in e-commerce, the adoption of Industry 4.0 technologies, and advancements in robotics. However, the high initial investment may act as a growth impediment. On the other hand, the potential for the adoption of autonomous vehicles and drones, coupled with increasing demand for warehouse automation in emerging economies, offers promising opportunities for market growth.

The COVID-19 pandemic triggered global government restrictions that reshaped workforce patterns and performance quality. It also heightened the demand for automated solutions as disrupted supply chains and movement limitations amplified the need for automation. The surge in online shopping resulted in increased sales, prompting companies to adapt their warehouse operations. To prioritize safety and health, organizations began integrating automation into their supply chain and logistics processes. Even post-pandemic, labor shortages persist, contributing to the expected robust growth of the logistics automation market during the forecast period.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/logistics-automation-market/request-for-sample

Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Logistics Automation devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Logistics Automations throughout the forecast period.

Logistics Automation Market Report Highlights

  • The hardware segment is anticipated to demonstrate a consistent CAGR throughout the forecast period in 2022. It comprises various subsegments such as autonomous robots, conveyor systems, automated sorting systems, automated storage and retrieval systems, de-palletizing/palletizing systems, and automatic identification and data collection. Among these, the autonomous robots segment stands out, largely due to the growing need for automated transportation. Autonomous guided vehicles, a subset of autonomous robots, are expected to garner substantial investments.
  • The Sales Logistics segment secured the largest market share throughout the forecast period. The market is projected to maintain a consistent CAGR during this time frame. Sales logistics, a critical component of the supply chain, revolves around the movement and delivery of goods to the end consumers. It encompasses essential aspects such as order management, inventory management, shipping management, and vendor management. Sales logistics is witnessing a rise in the adoption of automation solutions, particularly autonomous robots and automated storage and retrieval systems, to boost efficiency and accelerate delivery times.
  • In 2022, North America took the lead in the largest market share. The region's dominance is attributed to the presence of numerous logistics automation solution providers and major players in the logistics industry, including UPS, DHL, and FedEx Corporation, among others. Furthermore, the rapid adoption of cutting-edge technologies and the presence of modern infrastructure create a conducive environment for the target market's growth in this region. The United States is expected to uphold its market leadership throughout the forecast period, driven primarily by the explosive growth of the e-commerce sector within the country.
  • The global key market players include Beumer Group GmbH & Co. KG, Daifuku Co. Limited, Dematic Corp. (Kion Group AG), Honeywell International Inc., Jungheinrich AG, Kardex Group, Knapp AG, Mecalux SA, Murata Machinery Ltd, One Network Enterprises Inc., Oracle Corporation, SAP SE, SSI Schaefer AG, Swisslog Holding AG (KUKA AG), TGW Logistics Group GmbH, Vanderlande Industries BV, WITRON Logistik.

Polaris Market Research has segmented the Logistics Automation market report based on component, logistics, organization, software, vertical and region:

Logistics Automation, Component Outlook (Revenue - USD Billion, 2019 - 2032)

  • Software
    • Transportation Management System
    • Warehouse Management System
  • Services
    • Deployment & Integration
    • Consulting
    • Support & Maintenance
  • Hardware
    • Automated Storage and Retrieval Systems (AS/RS)
    • De-palletizing/Palletizing Systems
    • Automated Sorting Systems
    • Autonomous Robots (AGV, AMR)
    • Automatic Identification and Data Collection (AIDC)
    • Automatic Identification and Data Collection (AIDC)

Logistics Automation, Logistics Outlook (Revenue - USD Billion, 2019 - 2032)

  • Production Logistics
  • Recovery Logistics
  • Sales Logistics
  • Procurement Logistics

Logistics Automation, Organization Outlook (Revenue - USD Billion, 2019 - 2032)

  • Small & Medium Enterprises
  • Large Enterprises

Logistics Automation, Software Outlook (Revenue - USD Billion, 2019 - 2032)

  • Yard Management
  • Shipping Management
  • Labor Management
  • Vendor Management
  • Customer Support
  • Inventory Management
  • Order Management

Logistics Automation, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

  • Automotive
  • Retail & E-commerce
  • Healthcare
  • Electronics & Semiconductors
  • Aerospace & Defense
  • Others

Logistics Automation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Logistics Automation Guides Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 44.37 billion

Revenue forecast in 2032

USD 144.08 billion

CAGR

15.90% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Component, By Function, By Logistics, By Organization, By Software, By Vertical, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

For Specific Research Requirements

Request for Customized Report

License and Pricing

Purchase Report Sections

  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
Request for Discount Pricing