Logistics Automation Market

This study intends to analyse diverse aspects of the global logistics automation market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.

Report Summary

• Opportunities abound with rapid Industry 4.0 expansion
• Logistics automation industry remains challenged by absence of unform regulatory standards
• Rampant growth of e-Commerce industry brings in an influx of opportunities
• Last mile delivery innovations provide a strong breeding ground for logistics automation market
• Investments across key Asian markets likely to soar high

Rapid e-Commerce Expansion Holds a Profound Impact on Adoption

Especially over the last decade, there has been a steady increase in the prominence of the e-Commerce sector. Greater penetration of the internet and a growing user base are major factors that have contributed to this outcome. Players in the e-Commerce sector are always looking for innovative approaches that will reduce delivery times and increase operational productivity, Moreover, the inclusion of same-day or –hour delivery timelines and better last mile delivery solutions have also contributed to a greater demand for improved logistics solutions. These are major factors expected to have a profound impact on the growth trajectory of the global logistics automation market in the coming years. Greater investments by leading e-Commerce vendors are also expected to lead to higher digitization of both inbound and outbound logistics operations. As more individuals begin to use these digital platforms more often, industry players in the market are slated to continue to generate higher revenues.

Widening Industry 4.0 Adoption Creates a Stream of Opportunities

There has been a steady increase in the transition of traditional warehouses to smart, connected, automated warehouses. This has been achieved by integrating industry 4.0 with warehouse and logistics robots. The outcome of the integration of warehouse automation is that the warehouse facilities would be more capable of adapting to significant changes in their business operations, thus leading to more efficient and coordinated warehouse systems operation. Moreover, industry 4.0 allows warehouse operators to perform time-critical and high-velocity operations at a low cost. As increasing technological advancements and greater affordability are achieved, with robotics solutions becoming faster, more accurate, and flexible, a surge in productivity and market growth opportunities is expected to further augment the global logistics automation market.

Lack of Standardization Poses a Challenge Facing Logistics Automation Market

A common obstacle in the logistics industry is the lack of uniform regulatory standards. For example, the standards implemented in North America, and Europe vastly differ from the logistics standards in China, and Korea. This can be attributed to a lack of governmental involvement as well as the absence of regional authorities or organizations that can effectively implement and unify multinational logistics standardization. This standardization would make it easier and more convenient for vendors to offer many solutions in one package. This is a major factor that is expected to adversely influence growth prospects for the global logistics automation market.

COVID-19 Impact

The onset of the COVID-19 pandemic resulted in the imposing of restrictions by respective governments on the movement of people and goods, as well as the hampered supply of necessary raw materials, among other operational hurdles. This led to a significant decline in generated revenues for many industries and this was no different for the global logistics automation market. However, as restrictions were gradually relaxed, post the 3^rd and 4^th waves, the market regressed to its pre-COVID-19 state of operations. Additionally, there was a notable increase in the use of e-commerce solutions due to this restriction in the movement of goods and individuals, subsequently leading to a greater demand for products and services offered by the market.

Asia Pacific Likely to Index the Highest CAGR

Owing to the increasing population figures of various countries in the Asia Pacific, as well as higher disposable incomes, and higher globalization levels, the logistics automation market here is expected to register the highest CAGR over the forecast period. Moreover, several organizations are now keener on investing higher sums to ensure the adoption of these logistics automation solutions. This is another major element that is slated to have a positive impact on the growth trajectory of this regional market.

Key Competitors       

Major players in the logistics automation market include Beumer Group, Daifuku Co. Ltd., Dematic, Honeywell Intelligrated, Knapp AG, Murata Machinery Ltd., Swisslog Holding AG, TGW Logistics Group, Toshiba Infrastructure Systems & Solutions Corporation, and Vitronic Dr ING. Stein, to name a few. To gain a competitive edge, various established industry players are now more focused on new product launches, partnerships, collaborations, acquisitions, and alliances.

Recent Notable Developments

• In May 2021, Trelleborg Sealing Solutions installed a Dematic AutoStore System, allowing for warehouse and order picking to be automated using this compact solution
  
  
• In February 2021, Dematic made public an agreement with Merchants Distributors (MDI) a wholesale grocery distributor, to supply an automated mixed case fulfillment solution. This was done as a part of upcoming renovation and expansion efforts for their primary operation center
  
  
• In October 2021, Honeywell launched its smart, flexible depalletizer. It employs AI to minimize the need for manual labor to break down pallet loads, and to ease the implementation of robotic depalletizing technologies
  
  
• In March 2020, Kion Group, a Chinese company that manufactures materials handling equipment, acquired Digital Applications International Limited (DAI), for US$133 million. This move is expected to extend Kion Group’s software portfolio and systems engineering capabilities, to deliver advanced intralogistics globally, and to cater to future challenges

Regional Classification of Global Logistics Automation Market Can be Given as Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Logistics Automation Market:

• Logistics Automation Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2019 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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