Global Logistics Automation Market Projected to Reach $65.14 Billion by 2031

1. "Global Logistics Automation Market Projected to Reach $65.14 Billion by 2031” J

2. Logistics Automation Market 2024-2031 Meticulous Research®, a leading global provider of comprehensive market intelligence, today unveiled its latest report titled “Logistics Automation Market by Offering (Hardware, Software, Services), Type (Inbound, Outbound), Automation Mode, Application (Inventory Management, Others), End User (Retail & E-commerce, Automotive, Others) & Geography - Global Forecast to 2031.” The report predicts that the global logistics automation market will soar to an impressive $65.14 billion by 2031, registering a Compound Annual Growth Rate (CAGR) of 10% from 2024 to 2031. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5801?utm_source=article&utm_medium=social&utm_campaign =product&utm_content=11-09-2024 Market Growth Catalysts The ongoing rapid expansion of the e-commerce sector and the increasing incorporation of robotics in logistics are major drivers of this growth. Companies are striving to streamline operations and enhance efficiency to meet the evolving demands of consumers, pushing the logistics automation sector to new heights. However, challenges such as high capital investments and a lack of standardization in the industry are noted as potential barriers to growth. Advancements in sensor technologies, along with the digital transformation of logistics, present opportunities for significant industry innovation. Outsourcing logistics operations is also becoming more prevalent, further fueling market growth. Yet, the logistics sector continues to face hurdles, including a shortage of skilled operators and persistent privacy and security concerns. Key Market Trends Several noteworthy trends are shaping the future of logistics automation, including a heightened focus on improving last-mile deliveries and the growing application of artificial intelligence (AI) in supply chain management. These advancements are expected to play a crucial role in optimizing logistics operations and providing a competitive edge to industry stakeholders. Segment Overview: Hardware Leads, Software to See Fastest Growth Based on offerings, the logistics automation market is segmented into hardware, software, and services. In 2024, the hardware segment is projected to hold the largest Page 1 of 5 © Meticulous Research| sales@meticulousresearch.com

3. Logistics Automation Market 2024-2031 market share, driven by increasing e-commerce activity, changes in consumer purchasing behavior, and greater investments in logistics infrastructure. The deployment of robotic technologies across supply chains is also contributing to the segment's dominance. As companies continue to invest in automation to meet the growing complexity of warehousing and enhance process efficiency, the hardware market remains strong. An example of this can be seen in the deployment of mini-load Automated Storage & Retrieval Systems (ASRS) by Prozo Distribution Private Limited in collaboration with Craftsman Automation Limited in India. Meanwhile, the software segment is expected to achieve the highest CAGR during the forecast period. The increasing use of advanced logistics software, the ability to integrate seamlessly with supply chain management platforms, and a focus on improving operational efficiency are key factors driving this growth. Leading tech players, such as Amazon Web Services (AWS), are innovating in this space. AWS recently launched its Supply Chain application, aimed at enhancing visibility across the supply chain to help businesses make informed decisions, minimize risks, and reduce costs. Request Sample Report Here @ https://www.meticulousresearch.com/request- sample- report/cp_id=5801?utm_source=article&utm_medium=social&utm_campaign =product&utm_content=11-09-2024 Inbound Logistics Dominates but Outbound Set for Accelerated Growth The logistics automation market is further categorized by type into inbound and outbound logistics. Inbound logistics is forecasted to capture the largest share in 2024, as comprehensive solutions from key market players streamline supply chain processes. For example, Fujitsu Limited offers integrated inbound logistics solutions that manage multiple real-time processes, enhancing the efficiency of logistics operations. However, outbound logistics is expected to register the highest CAGR over the forecast period. The growth is driven by the development of automated packaging solutions and the need to optimize order fulfillment, delivery, and shipment processes. Automation Mode: Semi-Automatic Systems Lead, but Fully Automatic Systems Gaining Momentum Automation in logistics is categorized into semi-automatic and fully automatic systems. Semi-automatic systems are predicted to dominate in 2024, due to their cost- Page 2 of 5 © Meticulous Research| sales@meticulousresearch.com

4. Logistics Automation Market 2024-2031 effectiveness, adaptability to evolving logistics environments, and ability to enhance productivity. Nevertheless, fully automatic systems are on track to grow at a faster rate, with enterprises increasingly adopting full automation to streamline logistics processes, reduce errors, and accelerate workflows. The precision and speed of fully automated systems are key contributors to their rising adoption. Application Spotlight: Inventory Management Takes the Lead Among applications, inventory management is expected to claim the largest share of the logistics automation market in 2024. This segment's growth is propelled by the need to optimize inventory levels and the increasing deployment of logistics automation systems across warehouses and fulfillment centers. Advanced technologies such as ASRS and RFID/barcode tracking are being implemented to enhance inventory accuracy. Additionally, the inventory management segment is poised for the fastest growth during the forecast period, as enterprises embrace robotics and automation to streamline their inventory handling processes. Industry leaders like Vanderlande Industries are driving innovation with products such as automated piece-picking robots, further supporting market expansion. End User Insights: Retail & E-commerce Dominates, Automotive Rising Fast Retail & e-commerce are forecasted to dominate the logistics automation market by end user in 2024. Retailers are under pressure to improve operational efficiency while enhancing customer experiences, driving significant investments in logistics automation. Companies such as Dematic are working with retailers like Bünting SCM/Logistik to automate fulfillment centers and optimize storage, material flow, and sequencing. Meanwhile, the automotive sector is projected to exhibit the highest CAGR, driven by the growing adoption of electric vehicles and the need for efficient tracking and management of automotive parts across the supply chain. Jaguar Land Rover’s investment in intralogistics technologies demonstrates the sector’s increasing reliance on automation. Regional Insights: Asia-Pacific Leads the Market Asia-Pacific is expected to claim the largest share of the logistics automation market in 2024, driven by rapid urbanization, industrialization, and customer demand for faster Page 3 of 5 © Meticulous Research| sales@meticulousresearch.com

5. Logistics Automation Market 2024-2031 deliveries. The region is experiencing significant growth in the adoption of automation technologies to improve warehouse and distribution center efficiency. The Asia-Pacific region is also set to experience the highest growth rate, fueled by increasing demand for omni-channel fulfillment capabilities and smart logistics solutions. Companies such as Rhenus Group and Geekplus Technology are at the forefront of deploying automation solutions that enhance operational flexibility and reduce costs. Key Players in the Market Notable companies in the logistics automation market include Dematic (U.S.), Daifuku Co., Ltd. (Japan), Honeywell International Inc. (U.S.), Vanderlande Industries B.V. (Netherlands), KNAPP AG (Austria), SSI SCHAEFER Group (Germany), BEUMER Group GmbH & Co. KG (Germany), Konecranes Plc (Finland), Oracle Corporation (U.S.), SAP SE (Germany), Swisslog Holding AG (Switzerland), and Locus Robotics (U.S.). Quick https://www.meticulousresearch.com/Checkout/66146248?utm_source=articl e&utm_medium=social&utm_campaign=product&utm_content=11-09-2024 Buy @ About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 4 of 5 © Meticulous Research| sales@meticulousresearch.com

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