Logistics Automation Market to Reach US$ 52.7 Bn in 2022, Exhibiting a CAGR of 10.3% during 2021-2028: Coherent Market Insights

Market Overview:
The global Logistics Automation Market is projected to reach a value of US$ 52.7 Bn by 2022, growing at a CAGR of 10.3% during the forecast period 2021-2028. Logistics automation involves the implementation of advanced technologies such as robotics, Internet of Things (IoT), and artificial intelligence (AI) to streamline various logistics operations. It encompasses tasks such as inventory management, warehouse management, order fulfillment, and transportation management. This market is witnessing significant growth due to the advantages it offers, including increased operational efficiency, improved productivity, reduced labor costs, enhanced accuracy, and faster order fulfillment. With the rapid growth of e-commerce, the demand for logistics automation solutions is expected to surge in the coming years.

Market Key Trends:
One of the key trends in the logistics automation market is the adoption of autonomous mobile robots (AMRs) for warehouse operations. AMRs are self-navigating robots that can move and perform tasks like picking, sorting, and transporting goods within a warehouse without human intervention. These robots use sensors and mapping technologies to navigate through the warehouse and can be programmed to optimize their routes, increasing overall efficiency. The use of AMRs eliminates the need for fixed conveyor belts or other expensive infrastructure, making them a cost-effective solution for warehouse automation. They also provide flexibility, scalability, and adaptability, allowing businesses to adapt quickly to changing market demands. The growing demand for faster order fulfillment, increased picking accuracy, and reduced labor costs is driving the adoption of AMRs in the logistics industry. This trend is expected to continue in the coming years, with companies increasingly investing in AMR technology to enhance their warehouse
Segment Analysis:

The logistics automation market can be segmented based on technology, component, and end-user industry.

Based on technology, the market can be further divided into robotics, conveyor systems, automated storage and retrieval systems (ASRS), warehouse management systems (WMS), and others. Among these, the robotics segment dominates the market. Robotic solutions offer various benefits such as increased efficiency, accuracy, and flexibility in logistics operations. They can handle various tasks, including picking, sorting, packaging, and transportation, thereby reducing labor costs and improving workflow management. Additionally, advancements in robotic technologies, such as autonomous mobile robots (AMRs) and collaborative robots (cobots), have further driven the adoption of robotics in the logistics industry.

Based on the component, the market can be categorized into hardware, software, and services. The hardware segment holds the largest market share. Hardware components, including robots, conveyors, ASRS, sensors, and control systems, form the backbone of logistics automation systems. Companies are investing in advanced hardware technologies to enhance their operational efficiency and reduce the overall cost of logistics.

In terms of the end-user industry, the logistics automation market serves various sectors such as retail and e-commerce, automotive, food and beverage, healthcare, and others. The retail and e-commerce sector dominate the market due to the rapid growth of online shopping and the need for efficient order processing, inventory management, and faster delivery. The increasing demand for same-day and next-day deliveries has compelled retailers to adopt advanced automation technologies in their warehouses and distribution centers.

Key Takeaways:

The global Logistics Automation Market Share is expected to witness high growth, exhibiting a CAGR of 10.3% over the forecast period of 2021-2028. The increasing adoption of automation technologies in the logistics industry is a major driver for market growth. Companies are realizing the benefits of automation in terms of improving operational efficiency, streamlining supply chain processes, reducing errors, and optimizing inventory management. Additionally, the growth of e-commerce and the need for faster order fulfillment and delivery are driving the demand for logistics automation solutions.

In terms of regional analysis, North America dominates the logistics automation market. The region has a mature logistics sector, advanced infrastructure, and a high adoption rate of automation technologies. The presence of major e-commerce players, such as Amazon and Walmart, along with the need for efficient supply chain management, has further contributed to the market growth in this region. However, Asia Pacific is expected to be the fastest-growing region during the forecast period. The increasing e-commerce penetration, rapid industrialization, and the need for efficient material handling and warehouse operations are driving the demand for logistics automation solutions in the region.

Key players operating in the logistics automation market include ABB, BEUMER GROUP, Blue Yonder Group, Inc, Daifuku Co., Ltd., E&K AUTOMATION LIMITED, Falcon Autotech Private Limited, GreyOrange, HighJump, Infor, Locus Robotics, Manhattan Associates, One Network Enterprises

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