Logistics Automation Market Revenues to Reach USD 109.76 Billion by 2028 – Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

According to the latest research report titled, “Logistics Automation Market Report (2023 – 2028)” by Mordor Intelligence, the market is estimated at USD 68.46 billion in 2023 and growing at a CAGR of 9.90% during the forecast period. 

The logistics automation market is driven by the growth of e-commerce as well as the need for effective warehousing and inventory management around the world. According to the United States Census Bureau’s Department of Commerce’s Retail E-commerce Sales in Q2 2022, the total sales in the U.S. were USD 257.3 billion, an increase of 2.7 percent from Q1 2022.  

Automation for warehouses provides superior convenience regarding cost-cutting for businesses and helps minimize errors in product deliveries. As per Dalsey, Hillblom, and Lynn, a prominent 3PL company and a significant end-user of warehouse automation solutions, about 80% of warehouses “still operate manually with no supporting automation” despite the advantages. 

Report Summary 

• Market Size (2023): USD 68.46 Billion
• Market Size (2028): USD 109.76 Billion
• CAGR (2023 – 2028): 9.90%
• Study Period: (2018-2028)
• Fastest Growing Market: Asia-Pacific
• Fastest Growing Market: Asia-Pacific
• Forecast Units: Value (USD Billion)
• Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends
• Key Market Drivers: Exponential Growth of the E-commerce Industry and Customer Expectation, Increasing Manufacturing Complexity and Technology Availability, and Improved Efficiency and Workforce Safety

Which are the Top Companies in the Logistics Automation Market?     

The logistics automation market is fragmented with long-standing established players like Honeywell, Swisslog, Daifuku, and Schaefer. These players have made significant investments in products and manufacturing plants. In March 2023, Swisslog’s CarryPickmobile robotic goods-to-person storage and retrieval system was released.  

 Prominent players in the logistics automation market are: 

• Dematic Corp. (Kion Group AG)
• Daifuku Co. Limited
• Swisslog Holding AG (KUKA AG)
• Honeywell International Inc.
• Jungheinrich AG
• Murata Machinery Ltd
• Knapp AG
• TGW Logistics Group GmbH
• Kardex Group
• Mecalux SA
• Beumer Group GmbH & Co. KG
• SSI Schaefer AG
• Vanderlande Industries BV
• WITRON Logistik
• Oracle Corporation
• One Network Enterprises Inc.
• SAP SE

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Key Highlights from the Logistics Automation Market Report 

 

1.  Mobile Robots are Expected to Witness Significant Growth 

• The main usage of logistics robots is in the form of automated guided vehicles (AGVs) in warehouses and storage facilities for transporting goods. AGVs play a vital role in reducing the cost of logistics as well as streamlining the supply chain.
• Automakers are increasing their production and shipment units, indicating the usage of AGVs and AMRs (Autonomous Mobile Robots). For instance, according to BMW, in 2022, the Bayerische Motoren Werke AG (BMW) shipped over 2.5 million autos worldwide.
• AMRs can adapt to different workflows, accommodate factory process changes, and allow integration with several top modules to meet payload requirements. This enables smart, reliable deliveries and optimizes overall processes. Consequently, AMRs are superior to AGVs regarding return on investment and productivity optimization.
• In March 2023, PeakLogix announced its partnership with Peer Robotics to bring innovative robots to the material handling industry. Their collaborative autonomous mobile robot (AMR) is revolutionizing robotics and material movement with its ability to learn from humans in real time.
• WEG announced the launch of the first version of the WMR (WEG Mobile Robot) in March 2023, which aims to enhance the operational efficiency of activities carried out in industries that require internal transport. 

2. Asia-Pacific Holds a Significant Market Share 

The Asia-Pacific warehouse automation market is rapidly expanding due to the region’s growing number of industries and their integration with automation to increase ROI. In Japan, the “New Robot Strategy” aims to establish the country as the leading hub for robotic innovation. The Japanese government already contributed more than USD 930.5 million in 2022 (according to the International Federation of Robotics). The manufacturing and service action plan includes initiatives like autonomous driving, advanced air mobility, and the creation of integrated technologies that are anticipated to form the basis of the next generation of robots and artificial intelligence. According to IFR, a budget of USD 440 million was given to robotics-related projects in the “Moonshot Research and Development Program” for five years from 2020 to 2025. 

The robust e-commerce sector in India is also significantly boosting the market’s growth. According to IBEF, India’s e-commerce market is expected to reach USD 111 billion by 2024 and USD 200 billion by 2026.   What are the Latest Developments in the Logistics Automation Market?    

• April 2023: TGW Logistics Group announced the offer of new and existing customer innovative visualization dashboards for optimizing the performance of the intralogistics system. With the help of this dashboard, data from many different software sources can be combined, analyzed, and processed graphically, from goods-in monitoring to the warehouse area to the sorters and scanners.
• March 2023: KNAPP AG developed innovative robotics for automation and digitalization at the LogiMAT 2023 trade fair. Its robot solutions are expected to help lower costs in logistics processes while increasing shipping capacity. The company calls this new, future-proof approach zero-touch fulfillment.
• March 2023: Dematic provided the most recent automation technologies for KION’s new logistics facility. The KION Group will likely utilize the facility to ship replacement components around Europe.

Mordor Intelligence Report on the Logistics Automation Market segments the market based on product type, application, and geography:     

• By Component (Market Size & Forecast based on Value (USD Billion), 2023-2028)
• 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
• Services
• By End-User Industry (Market Size & Forecast based on Value (USD Billion), 2023-2028)

• Food and Beverage
• Post and Parcel
• Groceries
• General Merchandise
• Apparel
• Manufacturing
• Other End-user Industries

• By Geography (Market Size & Forecast based on Value (USD Billion), 2023-2028)

• North America
• Europe
• Asia-Pacific
• Latin America

• Middle East and Africa

In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the logistics automation industry. Get a glance at the Logistics Automation Market Report (2023 – 2028) 

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.  

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.   

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