Global Market for Logistics Automation is Anticipated to grow at a Significant Pace i.e., USD 90.2 Billion during the Forecast Period 2021-2027

Published Date: Jun, 2021

The global logistics automation market is expected to witness a CAGR of10.8% during the forecast period. The logistics automation market is gaining traction owing to the digital transformation in logistics, the emergence of IoT, the exponential growth rate of the e-commerce industry, the advancements of robotics, the growing need for efficient warehousing and inventory management, and the increasing demand for ensuring the safety of labor. There are many advantages of logistics automation such as improved customer experience, scalability and speed, organizational control, and minimize mistakes.

Amidst the COVID-19 pandemic, the warehouse and e-commerce markets have had a crippling impact on business operations due to major challenges caused by disruptions in supply chain management and lack of labor force. However, taking advantage of automated systems, companies expect to improve their operations, thus driving the growth of the logistics automation market globally.

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.

Browse 62 market data Tables and 35 Figures spread through 145 Pages and in-depth TOC on " Logistics Automation Market by Component (Transportation Management and Warehouse and Storage Management), 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), and Region - Global Forecast to 2027"

Retail and eCommerce segment is anticipated to witness a high CAGR during the forecast period

Retail and e-commerce are expected to have a higher CAGR during the forecast period. The adoption of logistics automation solutions has enabled online and multichannel retailers to track and monitor the movement of light freight vehicles, thus, ensuring rapid product delivery. The growth of the e-commerce industry can be attributed to the growing trend of electronic money transfers, internet marketing, online transaction processing, and electronic data exchange. Rapidly changing customer needs, increasing online shopping, the need for shorter delivery times, and stiff competition among online retailers have fueled the need for automated fulfillment centers, resulting in increasing the need for dedicated and adaptive logistics automation solutions in the e-commerce industry.

Global Logistics Automation Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Transportation Management and Warehouse & Storage Management

Transport Management & Warehouse (High CAGR)

 

Organisation Size

Large Enterprises and Small and Medium Enterprises

Small and Medium Enterprises (Highest)

 

Vertical

Manufacturing, Pharmaceuticals & Healthcare, Retail & e-commerce, Aerospace & Defence, Logistics & Transportation, Chemicals, Food & Beverage, Oil, Gas & Energy, Automotive, Others

Automotive  (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (High CAGR)

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“North America will hold Major Share of Global Logistics Automation Market”

North America dominates the logistics automation market and will have a prominent share in the forecast period due to the early adoption of advanced technology and high spending power. Equipment, vehicles, and infrastructure facilities are synchronized with the help of network connectivity to improve performance using IoT solutions. It is a global hub of innovation and companies are focused on reducing operational costs and modernizing factories, warehouses, distribution centers in the region.

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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2027

Segments Covered in the Study

Component, Organization Size, Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

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, JBT Corporation

Global Logistics Automation Market Coverage

Component Insight and Forecast 2020-2027

  • Transportation Management and Warehouse
  • Storage Management

Organisation Size Insight and Forecast 2020-2027

  • Large Enterprises
  • Small and Medium Enterprises

Vertical Insight and Forecast 2020-2027

  • Manufacturing
  • Pharmaceuticals & Healthcare
  • Retail & e-commerce
  • Aerospace & Defence
  • Logistics & Transportation
  • Chemicals
  • Food & Beverage
  • Oil
  • Gas & Energy
  • Automotive
  • Others

Geographical Segmentation

Logistics Automation Market by Region

North America

  • By Component
  • By Organisation Size
  • By Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Organisation Size 
  • By Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Organisation Size
  • By Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Organisation Size
  • By Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

Our Industry
Global Market for Logistics Automation is Anticipated to grow at a Significant Pace i.e., USD 90.2 Billion during the Forecast Period 2021-2027