Logistics Automation Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2028
The global logistics automation market size is projected to grow from USD 32.7 billion in 2023 to USD 51.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. The logistics industry is benefiting from advances in technology, such as robotics, artificial intelligence, and the Internet of Things (IoT) in logistics automation market.
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By Components, Hardware segment to account for largest market share during the forecast period
Hardware account for largest market share during the forecast period and these systems include hardware segment includes Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Automated Storage and Retrieval Systems (AS/RS), Automated Sorting and Conveyor Systems, De-palletizing/Palletizing Systems, and Automatic Identification and Data Collection (AIDC). AMRs are becoming increasingly popular in warehouses and distribution centers, as they can autonomously move goods around the facility without the need for human intervention. This technology can help to reduce labor costs and increase efficiency.
By Software Application, Shipping management segment to account for largest market share during the forecast period
Shipping management account for largest market share during the forecast period .Shipping management is the process of effectively managing the goods transportation into and out of storage to the warehouse in real time. The warehouse management solution offers an on-demand, web-based solution that helps companies increase order throughput, accuracy, and speed by streamlining the picking and shipping process when the order is received. Inventory levels are automatically updated into the warehouse system after each shipment is sent to ensure accurate, real-time inventory visibility and control.
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The major vendors covered in the logistics automation market include Dematic (US), Honeywell Intelligrated (US), Daifuku (Japan), Oracle (US), SAP (Germany),IBM(US) ,SSI Schaefer (Germany), Knapp (Austria), Manhattan Associates (US), Swisslog (Switzerland), Blue Yonder (US),Mantis(US),Murata Machinery (Japan), TGW Logistics Group (Austria), Jungheinrich (Germany), System Logistics (Italy), Zebra Technologies (US), ABB (Switzerland), BEUMER Group (Germany),Korber(Germany), O9 Solutions(US), JR Automation(US), Automated Logistics Systems(US),SBS Toshiba Logistics (Japan), SAVOYE(France), Symbotic(US), Locus Robotics(US), GreyOrange (US), Eyesee (Hardis Group) (France), Falcon Autotech (India), Logistically(US),and Logiwa(US).These players have adopted various growth strategies, such as partnerships, business expansions, mergers and acquisitions, partnerships, agreements, and collaborations, new product launches to expand their presence in the logistics automation market. Partnerships and new product launches have been the most adopted strategies by major players from 2020 to 2022, which helped them innovate their offerings and broaden their customer base.
Daifuku was founded in 1937 and is headquartered in Osaka, Japan. It offers consulting, designing, manufacturing, planning and engineering, installation and operation, and after-sales services for logistics systems and automated material handling equipment. The core businesses of the company are intralogistics, cleanroom, automotive, airport technologies, auto wash, and electronics. Daifuku has operations worldwide, with affiliate companies and offices in 26 countries. Key products offered by the company include manufacturing and distribution systems, semiconductor manufacturing system, flat panel display manufacturing system, automobile assembly line systems, airport products, and car washing machines. The company also provides material handling products, including conveyor systems, AGVs, ASRS, sorting systems, and picking systems.
SAP was founded in 1972 and is headquartered in Walldorf, Germany. The company is a leading provider of enterprise application software. It specializes in analytics and business intelligence services. SAP has expertise in various technologies, including analytics, application platform and infrastructure, data management, IT management, and security software. SAP operates through two segments: Cloud and Software, and Services. SAP offers warehouse and transportation management system solutions through the Cloud and Software segment. It also caters to various verticals that include energy and natural resources, financial services, consumer industries, discrete industries, service industries, and public services.
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