Strategic Logistics Evolution: A Comprehensive Forecast of the Global Automation Market

 ​Industry Overview

The Logistics Automation Market is poised for substantial expansion, expecting to grow from $49.82 billion in 2023 to $90.2 billion by 2030, marking a robust CAGR of 10.8%. Logistic automation involves the integration of automated machinery and software in logistics services, enhancing the efficiency of logistical processes for businesses.

Logistics Automation Market Highlights
The global logistics automation industry development is significantly influenced by the adoption of drones and autonomous vehicles, incorporating hardware, software, and related services. These advancements facilitate cost-effective and timely product delivery, ensuring higher-quality products for consumers. The growth is further propelled by the evolution of IoT, the expanding e-commerce sector, and sophisticated robotic technology.

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The COVID-19 pandemic had a severe impact on the global logistics automation market due to disruptions in the supply chain. Sectors like industrial, retail, and consumer goods faced significant challenges. Despite challenges, businesses need to strategize short-term synchronization to address demand fluctuations and enhance their market position.

Market Segmentation
Insight by Component
  • Components include transportation management and warehouse & storage management.
  • Transportation management, encompassing software and services, projects a higher CAGR, driven by the demand for on-time delivery and cost-effective transportation.

Insight by Organization Size
  • Segmented into major organizations and small and medium enterprises (SMEs).
  • SMEs are expected to grow faster, fueled by technical advancements, intensified competition among major players, and reduced costs of automated warehouses.

Insight by Vertical
  • Verticals cover manufacturing, retail and online sales, pharmaceuticals and healthcare, aerospace & military, chemicals, logistics & transportation, food & beverage, automotive, oil, gas & energy, and others.
  • Automotive generates the highest revenue, addressing logistics automation's role in advancing supply, design, and production in the automotive sector.

Industry Dynamics
Trends
  • The surge in IoT technology adoption, utilizing connected devices like RFID, gateways, and sensors, enables organizations to process, store, and exchange massive data volumes. The rising demand for smart devices and connection technologies globally emphasizes IoT's critical role in automating, improving, and connecting business operations.

Growth Drivers
  • Key drivers include the expansion of e-commerce, lower operating costs, the need for enhanced warehouse productivity, and the evolution of robotics. The e-commerce industry's growth significantly impacts manufacturing, retail, and logistics, pushing businesses to adopt logistics automation for seamless operations.

Challenges
  • Constraints include a lack of standardization in regulatory requirements, a shortage of talent and knowledge in managing modern systems, and high capital investment. Security and safety concerns related to logistics further restrain market expansion.

Industry Ecosystem
  • Market participants deploy various strategies like new product development, partnerships, joint ventures, acquisitions, collaborations, and agreements for market expansion. Logistics automation encompasses technologies such as robotics, AI, machine learning, IoT, autonomous vehicles, warehouse management systems (WMS), and transportation management systems (TMS), applied to different logistics operations.

Geographic Overview
  • North America dominates the logistics automation market, contributing significantly to global revenue. The presence of numerous businesses utilizing logistics automation solutions and expanding economies in the US, Canada, and Mexico fuels market growth. Asia-Pacific anticipates the highest CAGR, driven by increased demand in various manufacturing and warehouse sectors and logistics and transportation sector growth.

Competitive Insight
  • The logistics automation market is dispersed, with small manufacturers and start-ups holding potential to offer effective solutions. Notable companies include Dematic Corporation, Daifuku Co. Ltd., Murata Machinery Ltd., KNAPP AG, SSI Schaefer AG, VITRONIC, Mecalux S.A., BEUMER Group, Honeywell Intelligrated Inc., Toshiba Logistics Corporation, Swisslog Holding AG, Jungheinrich AG, Falcon Autotech, System Logistics Spa, TGW Logistics Group GmbH, WiseTech Global Limited, and Matternet Inc.

About VynZ Research:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

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