Market Research Future Insights
According to MRFR analysis, the global Logistics Automation Market is expected to register a CAGR of ~ 12.30% from 2022 to 2030 and hold a value of over USD 123.2 Billion by 2030. In the logistics industry, logistics automation raises the use of sophisticated automation technologies and machinery. This program contributes to the effective development of logistics activities. Major factors that are anticipated to boost the growth of the logistics automation market in the forecast period are the increase in the E-commerce industry.
Furthermore, the IoT is advancing quickly which is further expected to propel the growth of the market. Moreover, the increasing adoption of autonomous vehicles and drones is further projected to cushion the growth of the market. On the other hand, the dearth of uniform governance standards is further projected to impede the growth of the in the forecast period.
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Logistics Automation Market Report Scope:
|Revenue Forecast in 2030:||USD 123.2 Billion|
|Growth Rate:||CAGR of 12.30% from 2022 to 2030|
|Forecast Period:||2022 -2030|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
North America dominates the market owing to the increase in the owing deployment of logistics automation in several business verticals. Furthermore, the upsurge in oil & gas exploration will further enhance the growth of the logistics automation market in the region during the estimated period.
Asia-Pacific is expected to observe a significant amount of growth in the logistics automation market due to the upsurge in the economies. Moreover, the rise in the investments by manufacturers and suppliers in the installation of these vehicles at warehouses and distribution centers.
The Global Market has been segmented into components, organizations, and vertical
Based on components, The Global Market has been segmented into warehouse and storage management and transportation management. Warehouse and storage management is further sub-segmented into hardware, software, and services. Transportation management is additional sub-segmented into software and services.
Based on organization size, The Global Market has been segmented into large enterprises and small and medium-sized enterprises.
Based on vertical, The Global Logistics Automation Market has been segmented into retail and e-commerce, manufacturing, oil, gas, and energy, pharmaceuticals and healthcare, logistics and transportation, automotive, aerospace and defense, food and beverage, chemicals, and others.
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Some of the key market players are Jungheinrich AG (Germany), SSI Schaefer LLC (UAE), MecaluxSA (Spain), VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), Dematic Corp. (US), Daifuku Co., Ltd (Japan), Swisslog Holding AG (Switzerland), Honeywell Intelligrated (US), Murata Machinery Limited(Japan), and Knapp AG(Austria)
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