Logistics Automation Market Share, Trend & Growth Forecast to 2032

 

As per a recent research report, Logistics Automation Market to surpass USD 158 bn by 2032.

Rising demand for e-commerce platforms along with the surging usage of logistics automation components will drive the industry demand. The increasing need for efficient and streamlined logistics operations has led to the higher adoption of automated solutions in warehouses and distribution centers. Robotics technology, including automated guided vehicles (AGVs) and robotic arms are extensively used for tasks, such as picking, packing, sorting, and inventory management. These automation solutions enhance operational efficiency, reduce labor costs, minimize errors, and improve the overall productivity, thereby fostering the market growth.

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Logistics automation market from the warehouse management system (WMS) software segment will grow at over 13% CAGR till 2032. WMS software offers extensive inventory management features, allowing businesses to optimize their warehouse operations. It enhances visibility and delivers real-time information on stock levels, locations, and movements by automating inventory tracking. The surging focus of companies on eliminating stockouts, and excess inventory, and increasing the overall inventory accuracy with precise inventory data for cost savings and effective supply chain management will contribute to the market growth.

Logistics automation market from the warehouse and storage management application segment is poised to depict more than 12.5% CAGR up to 2032. Lately, several businesses are turning to automation solutions, such as autonomous mobile robots, palletizing systems, and other hardware in warehouses for improved operations. Additionally, numerous market players are launching new software and services to assist warehouse owners to adopt new technologies, including robotics, AI, and IoT for revolutionizing the way goods are stored, retrieved, and transported.

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Asia Pacific recorded more than USD 10 billion for the logistics automation market in 2022 and is projected to witness substantial expansion over 2023-2032. The rapid economic growth, expanding e-commerce sector, and increasing focus on supply chain efficiency are driving the regional adoption of logistics automation solutions. The surging labor costs have led to massive investments in warehouse automation, robotics, and intelligent transportation systems in countries, such as China, Japan, South Korea, and India. The booming cross-border trade along with the higher need for seamless logistics operations will also fuel the regional market growth.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Logistics automation market 360º synopsis, 2018 - 2032

2.2    Business trends

2.3    Regional trends

2.4    Component trends

2.5    Organization size trends

2.6    Logistics type trends

2.7    Application trends

2.8    End-use trends

Chapter 3   Logistics Automation Market Insights

3.1    Impact on COVID-19

3.2    Russia- Ukraine war impact

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Increased adoption by the e-commerce platforms

3.10.1.2    Rising adoption of big data in automated logistics technologies

3.10.1.3    Increasing use of IoT platform in logistics and supply chain management

3.10.1.4    The high penetration of robotics in warehouse management

3.10.1.5    Reduced cost due to decreasing need for manpower

3.10.2    Industry pitfalls & challenges

3.10.2.1    Requirement of high capital investment

3.10.2.2    Data privacy concerns

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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