Logistics Automation Market Size ‚ Segmented by Component (Hardware, Software and Services), Organization Type (SME and Large Enterprises), Application (Warehouse Management and Transportation Management), End-user Industry (Retail and E-commerce, Manufacturing, and Automotive), and Region - Growth, Trends, and Forecasts (2019 - 2024)

Logistics Automation Market Size ‚ Segmented by Component (Hardware, Software and Services), Organization Type (SME and Large Enterprises), Application (Warehouse Management and Transportation Management), End-user Industry (Retail and E-commerce, Manufacturing, and Automotive), and Region - Growth, Trends, and Forecasts (2019 - 2024)

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Logistics Automation Market 

The logistics automation market is expected to reach USD 85.9 billion in 2023 from USD 43.9 billion in 2017, witnessing a CAGR of 12.1%, during the forecast period 2018 - 2023.

Logistics automation is the application of computer software and/or automated machinery to improve the efficiency of logistics operations. It refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain management systems and enterprise resource planning systems. A logistics automation system compliments the facilities provided by higher level computer systems. Changes due to economic development, enhancement of disposal income, affordability, and buying a pattern of customers has led to the growth of the logistics automation market. The increasing affordability is, thereby, raising expectations for better services, in terms of product portfolio, delivery time, and cost, which in turn is increasing the demand for logistics automation as it can increase the efficiency of warehousing and transportation.

The exponential growth of the e-commerce industry and the emergence of cloud-based technologies and IoT are boosting the growth of the logistics automation market, while high capital investment and lack of skilled personnel are restraining the growth of the market.

Exponential Growth of the E-Commerce Industry is driving the Logistics Automation Market 

The era of digitalization has increased internet penetration in the recent years. The exposure to the internet has raised the desire for luxury among people. In the recent years, people started spending more on luxury and comfort. E-commerce provides a wide variety of products and services over the internet and the flexibility to shop at any time from any place. This flexibility has increased people’s interest in e-commerce. Increasing demand for e-commerce is bolstering the demand for packaging and transportation. In order to manage the transportation from several places and deliver orders on-time and meet customer expectations, organizations are paying attention to the benefits of logistics automation and are investing in it. Thus, investments in logistics automation due the expanding e-commerce industry are driving the market.

Logistics Automation Market

Asia-Pacific to be the Major Region for Logistics Automation Market , Over the Forecast Period 

Asia-Pacific has witnessed an exponential growth in the logistics automation market in the recent years, which is estimated to continue over the forecast period. The increasing demand for automated machine handling solutions from manufacturing industries and warehouses, to provide customers with improved service efficiency, is boosting the market in the region. The increasing adoption of logistics automation solutions by enterprises in emerging economies, such as India and China, is driving the growth of the logistics automation market in the Asia-Pacific region. Developing countries, like China, India, Japan, Australia, and South Korea are majorly contributing to a significant growth of the market in this region.

Logistics Automation Market

Key Developments in the Logistics Automation Market 

  • Dec 2017: Mecalux planned to install an automated warehouse for pallets in Cosmopak’s Logistics center, a cosmetics product maker and packager, located in the northern Portuguese city of Ovar. 
  • Feb 2018: Muratec planned to acquire all of the issued stock of AGVE AB of Goteborg Sweden (AGVE), a leading manufacturer of Automated Guided Vehicle (AGV), from the existing shareholders.

Logistics Automation Market Key Players:

  • Dematic Corp.
  • Daifuku Co. Ltd
  • Swisslog Holding Ltd
  • Honeywell Intelligrated
  • Murata Machinery Ltd
  • Knapp AG
  • Jungheinrich AG
  • SSI Schaefer LLC
  • Mecalux, S.A
  • Vitroinc
  • Beumer Group 
  • TGW Logistics Group GmbH
  • Toshiba Infrastructure System
  • Solutions Corporation

Logistic Automation Market Report Summary

                  Metrics

Details

Industry/Market

Logistics Automation Market

Base Year

2017

Forecast Period

(2018-2023)

Market Size in 2017

USD 43.9 billion

Market Size in 2023

USD 85.9 billion

CAGR

12.1%

Report Offerings

The report on the Logistics Automation Market offers the latest trends, growth prospects, industry competitiveness,   major players, value/supply chain, regional market share, and forecast till 2023.

Reasons to Purchase Logistic Automation Market Report

  • Understand the impact of e-commerce on the logistics automation market
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segments that are expected to dominate the market
  • Regional analysis of the market during the forecast period
  • Latest developments, market shares, and strategies employed by the major market players and key innovators
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

            1.1 Key Study Deliverables of the Logistic Automation Market Study

            1.2 Logistic Automation Market - Study Assumptions

            1.3 Logistic Automation Market - Definition

            1.4 Key Findings of the Logistic Automation Market Study

2. Research Approach and Methodology

3. Executive Summary

4. Logistic Automation Market Insights

            4.1 Logistic Automation Market Overview

            4.2 Industry Value Chain Analysis

            4.3 Factors Driving the Logistic Automation Market         

                        4.3.1 Exponential Growth of E-Commerce Industry

                        4.3.2 Advancements in Robotics

                        4.3.3 The Emergence of Cloud-based technologies and IOT

            4.4 Factors Restraining the Logistic Automation Market

                        4.4.1 High Capital Investment

                        4.4.2 Lack of Skilled Personnel

                        4.4.3 Lack of Uniform Governance Standards

            4.5 Industry Attractiveness – Porter’s Five Industry Forces Analysis

                        4.5.1 Bargaining Power of Suppliers

                        4.5.2 Bargaining Power of Consumers

                        4.5.3 Threat of New Entrants

                        4.5.4 Threat of Substitute Products or Services

                        4.5.5 Competitive Rivalry among Existing Competitors

5. Global Logistics Automation Market - Segmentation

            5.1 Logistic Automation Market By Component     

                        5.1.1 Hardware

                        5.1.2 Software

                        5.1.3 Services

            5.2 Logistic Automation Market By Organization Size

                        5.2.1 Small- and Medium-size Enterprises

                        5.2.2 Large Enterprises

            5.3 Logistic Automation Market By Application

                        5.3.1 Warehouse Management

                        5.3.2 Transportation Management

            5.4 Logistic Automation Market By End-user Industry

                        5.4.1 Retail and E-Commerce

                        5.4.2 Manufacturing

                        5.4.3 Food and Beverages

                        5.4.4 Pharmaceuticals and Health Care

                        5.4.5 Oil and Gas

                        5.4.6 Automotive

                        5.4.7 Aerospace and Defense

                        5.4.8 Chemicals

                        5.4.9 Other End-user Industries

            5.5 Logistic Automation Market By Region

                        5.5.1 North America

                                    5.5.1.1 Canada

                                    5.5.1.2 United States

                        5.5.2 Europe

                                    5.5.2.1 France

                                    5.5.2.2 United Kingdom

                                    5.5.2.3 Germany

                                    5.5.2.4 Spain

                                    5.5.2.5 Rest of Europe

                        5.5.3 Asia-Pacific

                                    5.5.3.1 China

                                    5.5.3.2 Japan

                                    5.5.3.3 India

                                    5.5.3.4 South Korea

                                    5.5.3.5 Rest of Asia-Pacific

                        5.5.4 Middle East & Africa    

                                    5.5.4.1 UAE

                                    5.5.4.2 Saudi Arabia

                                    5.5.4.3 Africa

                                    5.5.4.4 Rest of Middle East & Africa

                        5.5.5 Latin America

                                    5.5.5.1 Brazil

                                    5.5.5.2 Argentina

                                    5.5.5.3 Mexico

                                    5.5.5.4 Rest of Latin America

6. Logistic Automation Market Competitive Intelligence – Company Profiles

            6.1 Dematic Corp.

            6.2 Daifuku Co. Ltd

            6.3 Swisslog Holding Ltd 

            6.4 Honeywell Intelligrated

            6.5 Murata Machinery Ltd

            6.6 Knapp AG 

            6.7 Jungheinrich AG

            6.8 SSI Schaefer LLC

            6.9 Mecalux, SA

            6.10 Vitroinc

            6.11 Beumer Group 

            6.12 TGW Logistics Group GmbH 

            6.13 Toshiba Infrastructure System and Solutions Corporation

            *List Not Exhaustive

7. Investment Analysis of the Logistic Automation Market

8. Future of the Global Logistic Automation Market

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