How big is the Logistics Automation Market?

The Logistics Automation Market size is expected to reach USD 75.24 billion in 2024 and grow at a CAGR of 9.90% to reach USD 120.63 billion by 2029. Read More

What is the current Logistics Automation Market size?

In 2024, the Logistics Automation Market size is expected to reach USD 75.24 billion. Read More

Who are the key players in Logistics Automation Market?

Dematic Group (Kion Group AG), Daifuku Co. Limited, Swisslog Holding AG (KUKA AG), Honeywell International Inc. and Jungheinrich AG are the major companies operating in the Logistics Automation Market. Read More

Which is the fastest growing region in Logistics Automation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Logistics Automation Market?

In 2024, the Asia Pacific accounts for the largest market share in Logistics Automation Market. Read More

What years does this Logistics Automation Market cover, and what was the market size in 2023?

In 2023, the Logistics Automation Market size was estimated at USD 67.79 billion. The report covers the Logistics Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Logistics Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges in implementing Logistics Automation Market?

Major challenges in the Logistics Automation Market are: a) High initial investment costs b) Integration complexities with existing systems c) Shortage of skilled professionals d) Adapting to rapidly evolving technologies Read More

What future trends are expected in the Logistics Automation Market?

Future trends in the Logistics Automation Market are: a) Increasing use of AI and machine learning for predictive analytics b) Greater adoption of autonomous vehicles c) Collaborative robots in warehouses Read More

What are the challenges in implementing Logistics Automation Market?

Major challenges in the Logistics Automation Market are: a) High initial investment costs b) Integration complexities with existing systems c) Shortage of skilled professionals d) Adapting to rapidly evolving technologies Read More

Logistics Automation Market - Size, Companies & Growth

Logistics Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Logistics Automation Software Market Report is Segmented by Warehouse Automation Market (Component (Hardware (Mobile Robots (AGV, AMR), Automated Storage and Retrieval Systems (AS/RS), Automated Sorting Systems, De-Palletizing/Palletizing Systems, Conveyor Systems, Automatic Identification and Data Collection (AIDC), Order Picking), Software, and Services)), by End-User Industry (Food and Beverage, Post and Parcel, Groceries, General Merchandise, Apparel, Manufacturing, Other End-User Industries), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), and Transportation Automation Market, Other Transportation Automation Market). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Segments.

Logistics Automation Industry Overview

Global players dominate a fairly consolidated market: The logistics automation market is dominated by global leaders like Robert Dematics Group, Honeywell International Inc., and Daifuku Co. Ltd., which collectively account for over 26% of the market share. These companies, along with SSI Schaefer AG, continue to drive innovation in logistics automation systems and maintain a strong market presence through cutting-edge solutions and strategic partnerships.

Innovation and strategic partnerships drive market leadership: Leading companies in the logistics automation sector maintain their edge through consistent R&D investments and innovation in robotics in logistics. For example, KNAPP's Open Shuttle Fork and Kardex Group’s AutoStore system are setting new standards in logistics automation. Additionally, partnerships like that between FANUC America and Bosch Rexroth have expanded their capabilities and market reach, highlighting the importance of collaborative strategies.

Factors for future success in the Logistics Automation Market: To thrive in this highly competitive market, companies need to focus on technological advancements such as AI-powered robotics, IoT integration, and developing scalable automation systems. Mergers and acquisitions are also key to expanding product portfolios, as demonstrated by Walmart’s acquisition of Alert Innovation. Companies must provide tailored logistics automation solutions to meet specific industry needs, ensuring they stay ahead in this rapidly evolving landscape.