The logistics automation market was valued at US$37.748 billion in 2018 and is expected to grow at a CAGR of 10.88% over the forecast period to reach a total market size of US$70.162 billion by 2024. Growth of this market is majorly attributed to increasing focus of enterprises towards reducing their logistics costs in order to improve their margins. Various efforts by the companies aimed at streamlining their logistics segment are driving the adoption of various logistics automation solutions by them, thus boosting the growth of this market. However, unawareness among many end-users regarding changing trends in this sector has been limiting the adoption of logistics automation among them to some extent. Still, good growth of this market is anticipated over the projected period as awareness continues to increase and end users continue to invest in these solutions.
To give a clearer view of the market, it has been segmented by component, enterprise size, application, end-user industry, and geography. By component, the market has been segmented into hardware, software, and services. By enterprise size, the market has been segmented into small, medium and large. By application, the market has been segmented into warehouse and storage management, and transportation management. By end-user industry, the market has been segmented into retail, manufacturing, oil and gas, chemical, agriculture, pharmaceutical and others. By geography, the market has been segmented into North America, South America, Europe, Middle East and Africa and Asia Pacific. The regional markets have been further segmented into countries which hold a significant share in this market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Logistics Automation value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are Dematic, Daifuku, Swisslog, Honeywell Intelligrated, Murata Machinery, Knapp AG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Vitronic, Beumer Group and Toshiba Logistics.
The logistics automation market is segmented by component, enterprise size, application, end-user industry, and geography.
By Enterprise Size
Warehouse and Storage Management
By End-User Industry
Oil and Gas
Middle East and Africa