GMI Research analysis indicates that the Logistics Automation Market estimated at USD 53.6 billion in 2021 and is slated to register a double digit CAGR of 10.9% over the period 2022-2029 and is projected to reach USD 122.7 billion in 2029.

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Market Dynamic

Key Drivers and Emerging Trends

The global logistics automation market is driven by the surge in the exponential rise of the e-commerce sales through online portals worldwide and surge in demand in different industries such as hospitality, pharmaceutical, and food processing industries with increasing urban population have propelled the logistics automation market growth. For instance, as per the United Nations Conference on Trade and Development Organization Report in 2019, the global e-commerce sales of the products have been reached USD 26.7 Trillion, increased by 4% compared to 2018.

The rising trend towards adopting industry 4.0 and advanced technologies such as IIoT platforms, IoT, AI, etc. for minimizing the labor cost and enhancing productivity and monitoring the supply chain effectively have propelled the logistics automation market growth. For instance, in 2020, Locale.ai, a real-time operational analytics platform launched an optimization suite for delivering the logistics and on-demand company operations. For instance, in 2020, Kuehne+Nagel launched artificial intelligence-based digital road logistics platform eTrucknow in India. The online platform helps shippers with instant booking with competitive pricing and completes visibility.

Restraint in the Logistics Automation Market

However, high capital cost requires implementing the automation in the logistics operations may hamper the global logistics automation market. For instance, Also, the robotic automation technology line require in the logistics high capital cost for several manufacturing industry such as pharmaceutical, food and beverages, packaging, and logistic warehouse. Thus, such a high cost of automation is the entry barrier for the small and medium-sized enterprises.

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Segments Covered in the Report:

Function – Segment Analysis

Based on the Function, supply chain management is expected to grow at the fastest rate in the global logistics automation market during the forecast period due to the rising adoption of digital platforms and software for managing the logistic supply chain operations across the globe. For instance, in 2020, A.P. Moller – Maersk launched a digital supply chain management platform Maersk Flow to assist small and medium-sized businesses with the complexity of managing supply chains.

Component – Segment Analysis

Based on the Component, hardware is projected to capture the largest market share over the forecast period in the global logistics automation market due to the rising demand for robotics and automation technology worldwide for food and beverage companies. For instance, in 2021, RMGroup’s soft drinks producer Radnor Hills has installed three ABB end-of-line robotic palletizers robotics integrator for operating logistics operations of the company.

Organization Type – Segment Analysis

Based on the organization type, large enterprises hold the highest market share in 2020 in the global logistics automation market owing to their ability to invest in advanced technology and growing adoption by the leading organizations such as Amazon, Flipkart, etc.

End-user Industry – Segment Analysis

Based on the end-user industry, E-Commerce is expected to capture the largest market share in the global logistics automation market in upcoming years due to the automation by the leading e-commerce players such as Amazon, Flipkart, etc., for optimizing their operations. For instance, as of 2020, Amazon, one of the leading online retail giants, has more than 200,000 robots operating its warehouses in the United States.

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Regional – Segment Analysis:

North America is dominated by the packaging automation market primarily attributed to the surge in demand in the healthcare and pharmaceutical industry, growing food and beverages industry, and rising technology adoption at manufacturing facilities. The rising adoption of automation robots by the leading players in the North American region to optimize warehouse and logistics operations has propelled the market growth. For instance, according to the International Federation of Robotics, in first quarter of 2021, the annual shipments of multipurpose industrial robots, including packaging automation robots in the North American region reached 61,500 numbers of units, increased by 12.19% compared to FY 2020. 

Top Market Players

Major players operating in the market include Manhattan Associates, BEUMER Group, Murata Machinery, TGW Logistics Group, Swisslog, SAP SE, ABB, Blue Yonder, E&K Automation, Daifuku, Falcon Autotech, Honeywell, Locus Robotics, and among others.

Key Developments:

• • In 2021, Honeywell made a partnership with Fetch Robotics, one of the cloud-driven robotic solutions providers. The aim of the partnership is to launch an autonomous mobile robot called PalletTransport1500 for contactless pallet transportation by utilizing Honeywell Intelligrated’s Momentum warehouse execution system software.
  • In 2020, Manhattan Associates launched the world’s first cloud-native enterprise-class Manhattan Active Warehouse Management solution. This solution unifies every aspect of distribution with ease of use, new speed, adaptability, and effective distribution management.
  • In 2020, Dematic launched the latest version of warehouse automation solution named Dematic Multishuttle (DMS) 2 E.

Segments covered in the Report:

The global logistics automation market has been segmented based on Function, Component, organization type, end-user industry, and key regions. Based on Function, the market is segmented into storage management, warehouse, transportation management, supply chain management, etc. Based on Component, the market is segmented into Hardware, Software, Services, and others. The Software market is further segmented into cockroaches, ants, termites, flies, mosquitoes, and others.  Based on organization type, the market is segmented into SMEs, and large enterprises. Based on End-user Industry, the market is segmented into food and beverage, groceries, general merchandise, manufacturing, apparel and e-commerce. 

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Key questions answered in this research report:

• • At what pace is global logistics automation market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Logistics Automation market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Logistics Automation market?
  • Which components generated maximum revenues in 2021 and identify the most promising Function during the forecast period?
  • What are the various end-user industries of global logistics automation market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Logistics Automation Market by Function

• • Storage Management
  • Warehouse
  • Supply Chain Management
  • Transportation Management

Global Logistics Automation Market by Component

• • Hardware
  • Software
  • Services

Global Logistics Automation Market by Organization Type

• • SMES
  • Large Enterprises

Global Logistics Automation Market by End-user Industry

• • Food and Beverage
  • Retail
  • Chemicals and Pharmaceuticals
  • Manufacturing
  • E-Commerce
  • Others

Global Logistics Automation Market by Region

• • North America Logistics Automation Market (Option 1: As a part of the free 25% customization)
    • By Function
    • By Component
    • By Organization Type
    • By End-user Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Logistics Automation Market (Option 2: As a part of the free 25% customization)
    • By Function
    • By Component
    • By Organization Type
    • By End-user Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Logistics Automation Market (Option 3: As a part of the free 25% customization)
    • By Function
    • By Component
    • By Organization Type
    • By End-user Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Logistics Automation Market (Option 4: As a part of the free 25% customization)
    • By Function
    • By Component
    • By Organization Type
    • By End-user Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Logistics Automation (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Manhattan Associates
  • BEUMER Group
  • Murata Machinery
  • TGW Logistics Group
  • Swisslog
  • SAP SE
  • ABB
  • Blue Yonder
  • E&K Automation
  • Daifuku
  • Falcon Autotech
  • Honeywell
  • Locus Robotics