Global Logistics Automation Market – Analysis and Forecast (2021 – 2027)

Industry Insights by Component (Transportation Management (Software and Services) and Warehouse & Storage Management (Hardware, Software and Services)), by Organization Size (Large Enterprises and Small and Medium Enterprises), by Vertical (Manufacturing, Pharmaceuticals & Healthcare, Retail & E-Commerce, Aerospace & Defense, Logistics & Transportation, Chemicals, Food & Beverage, Oil, Gas, & Energy, Automotive and Others)

Industry Overview

The global logistics automation market is anticipated to grow at a significant pace from USD 47.8 billion in 2020 to USD 90.2 billion in 2027, at a CAGR of 10.8% during the forecast period 2021-2027. Logistic automation refers to the application of automation software and machinery in logistics services which helps companies to improve the effectiveness of logistics procedures. The use of driverless vehicles and drones plays an important role in global logistics automation market growth.

In addition, these systems consist of devices, software, and related services. These systems help in providing improved quality products to the customers as they have to comply with cost-effectiveness and timely delivery of the products. Furthermore, the emergence of IoT, growth of e-commerce industry, and advanced technology of robotics are the factor that improves the growth of logistics automation markets around the world. 

The COVID-19 outburst had a severe impact on the logistics automation market globally. Logistics and supply chain is affected severely in North America. Retail, industrial goods, and consumer goods are some of the industries that are hugely affected by the pandemic. APAC has also suffered due to the COVID-19 pandemic as the production of electronic devices has been suspended due to logistical delays and unavailability of labor. In addition, some e-commerce companies in the region have stopped supplying non-essentials. Due to the imposition of lockdowns, a reverse migratory trend is observed in the region. Companies in the logistics industry need to understand the specific demand effects of their business and create a short-term demand synchronization strategy and prepare themselves for possible shifts.

Market Segmentation

Insight by Component

Based on component, the logistics automation market is divided into transportation management and warehouse & storage management. Transportation management is further sub-divided into software and services. Furthermore, warehouse & storage management is further sub-divided into hardware, software, and services. Of these two broad segments, the transportation management segment is expected to experience a higher CAGR during the forecast period. The growth of this segment is due to the increasing demand for timely delivery of goods and services and reduced transportation cost among various business enterprises. 

Insight by Organization Size

Based on organization size, the logistics automation market is categorized into large enterprises and small and medium enterprises. Of these two segments, small and medium enterprises will exhibit higher growth during the forecast period due to technological developments, intensive competition among the key players, and reduced cost of automated warehouses. These factors encourage SMEs to adopt these systems, thereby enhancing the growth of the logistics automation market globally.

Insight by Vertical

Based on vertical, the logistics automation market is segmented into manufacturing, pharmaceuticals & healthcare, retail & e-commerce, aerospace & defense, logistics & transportation, chemicals, food & beverage, oil, gas, & energy, automotive, and others. Of all the verticals, the automotive segment provides the largest revenue to the logistics automation market due to massive competition in the logistics automation industry. It has facilitated and propelled the demand for flexible logistic systems and automated production solutions in order to upscale the design, supply, and manufacturing of vehicles.  

Industry Dynamics

Trends

The growing acceptance of IoT technology helps businesses create, store, process, and share large amounts of data with other connected devices such as radio frequency identification (RFID), sensors, and gateways. In addition, the demand for connectivity technology, smart devices, and applications is increasing. These are the main trends observed in the market, on a global scale. IoT plays an important role in enhancing, automating, and connecting, thus, helping companies to develop profitable and efficient warehouses. Furthermore, the growing demand and benefits of IoT are driving the growth of the logistics automation market. 

Growth Drivers

The key factors driving the growth of the logistics automation market include the extensive growth of the e-commerce industry, increasing demand to improve warehouse efficiency, reduce operational cost, and advancement of robotics. According to a recent study, it has been observed that the development in the e-commerce industry has affected the growth of the retail, manufacturing, and logistics sectors. The transition from physical stores to online stores is exerting considerable pressure on the labor, warehousing, transportation, and supply chain requirements of various business organizations. 

Therefore, these problems are solved by implementing the automation of logistics in the organization to maintain and improve the smooth and efficient running of business operations. Nevertheless, economic development, a rise in disposable income, and the change in purchase patterns of consumers are other factors that will propel the global logistics automation market during the forecast period.

Challenges

There is a lack of uniformity in government standards, high capital investment, and lack of skill and expertise in operating advanced systems are the factors that hinder the growth of the logistics automation market globally. Moreover, security and safety issues related to logistics are anticipated to further hamper the growth of the global logistics automation market.

Industry Ecosystem

Globally, industry players are capitalizing on market growth through the implementation of various strategies such as new product development, partnerships, joint ventures, acquisitions, collaborations, and agreements, thus are influencing industry players to make decisions in order to sustain themselves in the market.

Geographic Overview

Geographically, the logistics automation market in North America is contributing to the world’s largest revenue and will show high growth during the forecast period. Growth in the region's logistics automation market is due to the existence of many enterprises that constantly uses logistic automation solutions to improve the supply chain method, including transport, manufacturing, and the assembly of the product. 

In addition, economic growth in US, Canada, and Mexico have increased the investment avenues in the logistics automation market in North America. Also, the Asia Pacific market will have the highest CAGR during the forecast period, owing to the rise in demand for automated material hold in various warehouses and manufacturing industries. Thus, the expansion of the logistics and transportation segment in the Asia-Pacific region is another element of the growth of the logistic automation markets in this region.  

Competitive Insight

The logistics automation market is fragmented. The logistics automation market industry offers significant opportunities for small manufacturers and start-ups to offer efficient solutions in the production of logistics automation products. Customer demand continues to grow, which may prompt some start-ups to launch innovative products in this market. Key players operating in this market include Dematic Corporation, Murata Machinery, Ltd., Daifuku Co., Ltd., SSI Schaefer AG, Mecalux, S.A., VITRONIC, BEUMER Group, Toshiba Logistics Corporation, Honeywell Intelligrated, Inc., Swisslog Holding AG, KNAPP AG, TGW Logistics Group GmbH, Jungheinrich AG, WiseTech Global Limited, Falcon Autotech, System Logistics Spa, Matternet Inc., Pcdata BV, and JBT Corporation.

Honeywell collaborated with Fetch Robotics, a firm that delivers cloud-based robotic solutions. Fetch Robotics will introduce the PalletTransport1500, an autonomous mobile robot designed for contactless pallet movement between distribution centers.

Manhattan Associates introduced the Manhattan Active Warehouse Management solution. It's the first cloud-native enterprise-class Warehouse Management System (WMS) that combines all aspects of distribution and never has to be upgraded. Manhattan Active WM ushers in a new era of distribution management in terms of speed, adaptability, and ease of use.

Source:VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Component
                1.2.2.    By Organisation Size 
                1.2.3.    By Vertical
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter's Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2027

5.    Market Segmentation Estimate and Forecast

        5.1.    By Component
                5.1.1.    Transportation Management and Warehouse
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2027  
                5.1.2.    Storage Management
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2027
                
        5.2.    By Organisation Size
                5.2.1.    Large Enterprises
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2027
                5.2.2.    Small and Medium Enterprises
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2027
                
        5.3.    By Vertical   
                5.3.1.    Manufacturing
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2027
                5.3.2.    Pharmaceuticals & Healthcare
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2027
                5.3.3.    Retail & e-commerce
                        5.3.3.1. Market Definition
                        5.3.3.2. Market Estimation and Forecast to 2027
                5.3.4.    Aerospace & Defence
                        5.3.4.1. Market Definition
                        5.3.4.2. Market Estimation and Forecast to 2027
                5.3.5.    Logistics & Transportation
                        5.3.5.1. Market Definition
                        5.3.5.2. Market Estimation and Forecast to 2027
                5.3.6.    Chemicals
                        5.3.6.1. Market Definition
                        5.3.6.2. Market Estimation and Forecast to 2027
                5.3.7.    Food & Beverage
                        5.3.7.1. Market Definition
                        5.3.7.2. Market Estimation and Forecast to 2027
                5.3.8.    Oil
                        5.3.8.1. Market Definition
                        5.3.8.2. Market Estimation and Forecast to 2027
                5.3.9.    Gas & Energy
                        5.3.9.1. Market Definition
                        5.3.9.2. Market Estimation and Forecast to 2027
                5.3.10.    Automotive
                        5.3.10.1. Market Definition
                        5.3.10.2. Market Estimation and Forecast to 2027
                5.3.11.    Others
                        5.3.11.1. Market Definition
                        5.3.11.2. Market Estimation and Forecast to 2027

6.    North America Market Estimate and Forecast

        6.1.    By Component
        6.2.    By Organisation Size 
        6.3.    By Vertical
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Component
        7.2.    By Organisation Size 
        7.3.    By Vertical
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Component
        8.2.    By Organisation Size 
        8.3.    By Vertical
        8.4.    By Country
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Singapore Market Estimate and Forecast
                8.4.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Component
        9.2.    By Organisation Size 
        9.3.    By Vertical
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Dematic Corporation
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Murata Machinery, Ltd.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Daifuku Co., Ltd
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    SSI Schaefer AG
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Mecalux, S.A.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    VITRONIC
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    BEUMER Group
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Toshiba Logistics Corporation
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Honeywell Intelligrated, Inc.
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Swisslog Holding AG
                10.10.1.Snapshot
                10.10.2.Overview
                10.10.3.Offerings
                10.10.4.Financial Insight
                10.10.5.Recent Developments
        10.11.    KNAPP AG
                10.11.1.Snapshot
                10.11.2.Overview
                10.11.3.Offerings
                10.11.4.Financial Insight
                10.11.5.Recent Developments
        10.12.    TGW Logistics Group GmbH
                10.12.1.Snapshot
                10.12.2.Overview
                10.12.3.Offerings
                10.12.4.Financial Insight
                10.12.5.Recent Developments
        10.13.    Jungheinrich AG
                10.13.1.Snapshot
                10.13.2.Overview
                10.13.3.Offerings
                10.13.4.Financial Insight
                10.13.5.Recent Developments
        10.14.    WiseTech Global Limited
                10.14.1.Snapshot
                10.14.2.Overview
                10.14.3.Offerings
                10.14.4.Financial Insight
                10.14.5.Recent Developments
        10.15.    Falcon Autotech
                10.15.1.Snapshot
                10.15.2.Overview
                10.15.3.Offerings
                10.15.4.Financial Insight
                10.15.5.Recent Developments
        10.16.    System Logistics Spa
                10.16.1.Snapshot
                10.16.2.Overview
                10.16.3.Offerings
                10.16.4.Financial Insight
                10.16.5.Recent Developments
        10.17.    Matternet Inc.
                10.17.1.Snapshot
                10.17.2.Overview
                10.17.3.Offerings
                10.17.4.Financial Insight
                10.17.5.Recent Developments
        10.18.    Pcdata BV
                10.18.1.Snapshot
                10.18.2.Overview
                10.18.3.Offerings
                10.18.4.Financial Insight
                10.18.5.Recent Developments
        10.19.    JBT Corporation
                10.19.1.Snapshot
                10.19.2.Overview
                10.19.3.Offerings
                10.19.4.Financial Insight
                10.19.5.Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Table 5 Global Logistics Automation Market Size, By Component, 2021b 2027 (USD Million)
Table 6 Global Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Table 7 Global Logistics Automation Market Size, By Organisation Size, 2021b 2027 (USD Million)
Table 8 Global Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Table 9 Global Logistics Automation Market Size, By Vertical, 2021b 2027 (USD Million)
Table 10 Global Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Table 11 Global Logistics Automation Market Size, by Region, 2021b 2027 (USD Million)
Table 12 North America Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Table 13 North America Logistics Automation Market Size, By Component, 2021b 2027 (USD Million)
Table 14 North America Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Table 15 North America Logistics Automation Market Size, By Organisation Size, 2021b 2027 (USD Million)
Table 16 North America Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Table 17 North America Logistics Automation Market Size, By Vertical, 2021b 2027 (USD Million)
Table 18 North America Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Table 19 North America Logistics Automation Market Size, by Region, 2021b 2027 (USD Million)
Table 20 Europe Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Table 21 Europe Logistics Automation Market Size, By Component, 2021b 2027 (USD Million)
Table 22 Europe Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Table 23 Europe Logistics Automation Market Size, By Organisation Size, 2021b 2027 (USD Million)
Table 24 Europe Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Table 25 Europe Logistics Automation Market Size, By Vertical, 2021b 2027 (USD Million)
Table 26 Europe Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Table 27 Europe Logistics Automation Market Size, by Region, 2021b 2027 (USD Million)
Table 28 Asia-Pacific Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Table 29 Asia-Pacific Logistics Automation Market Size, By Component, 2021b 2027 (USD Million)
Table 30 Asia-Pacific Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Table 31 Asia-Pacific Logistics Automation Market Size, By Organisation Size, 2021b 2027 (USD Million)
Table 32 Asia-Pacific Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Table 33 Asia-Pacific Logistics Automation Market Size, By Vertical, 2021b 2027 (USD Million)
Table 34 Asia-Pacific Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Table 35 Asia-Pacific Logistics Automation Market Size, by Region, 2021b 2027 (USD Million)
Table 36 RoW Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Table 37 RoW Logistics Automation Market Size, By Component, 2021b 2027 (USD Million)
Table 38 RoW Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Table 39 RoW Logistics Automation Market Size, By Organisation Size, 2021b 2027 (USD Million)
Table 40 RoW Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Table 41 RoW Logistics Automation Market Size, By Vertical, 2021b 2027 (USD Million)
Table 42 RoW Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Table 43 RoW Logistics Automation Market Size, by Region, 2021b 2027 (USD Million)
Table 44 Snapshot b Dematic Corporation
Table 45 Snapshot b Murata Machinery, Ltd.
Table 46 Snapshot b Daifuku Co., Ltd
Table 47 Snapshot b SSI Schaefer AG
Table 48 Snapshot b Mecalux, S.A.
Table 49 Snapshot b VITRONIC
Table 50 Snapshot b BEUMER Group
Table 51 Snapshot b Toshiba Logistics Corporation
Table 52 Snapshot b Honeywell Intelligrated, Inc.
Table 53 Snapshot b Swisslog Holding AG
Table 54 Snapshot b KNAPP AG
Table 55 Snapshot b TGW Logistics Group GmbH
Table 56 Snapshot b Jungheinrich AG
Table 57 Snapshot b WiseTech Global Limited
Table 58 Snapshot b Falcon Autotech
Table 59 Snapshot b System Logistics Spa
Table 60 Snapshot b Matternet Inc.
Table 61 Snapshot b Pcdata BV
Table 62 Snapshot b JBT Corporation

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Logistics Automation Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Logistics Automation Market Highlight
Figure 12 Global Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Figure 13 Global Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Figure 14 Global Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Figure 15 Global Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Figure 16 North America Logistics Automation Market Highlight
Figure 17 North America Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Figure 18 North America Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Figure 19 North America Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Figure 20 North America Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Figure 21 Europe Logistics Automation Market Highlight
Figure 22 Europe Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Figure 23 Europe Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Figure 24 Europe Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Figure 25 Europe Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Figure 26 Asia-Pacific Logistics Automation Market Highlight
Figure 27 Asia-Pacific Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Figure 28 Asia-Pacific Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Figure 29 Asia-Pacific Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Figure 30 Asia-Pacific Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)
Figure 31 RoW Logistics Automation Market Highlight
Figure 32 RoW Logistics Automation Market Size, By Component, 2015b 2027 (USD Million)
Figure 33 RoW Logistics Automation Market Size, By Organisation Size, 2015b 2027 (USD Million)
Figure 34 RoW Logistics Automation Market Size, By Vertical, 2015b 2027 (USD Million)
Figure 35 RoW Logistics Automation Market Size, by Region, 2015b 2027 (USD Million)