Logistics Automation Market Size, Revenue Analysis, PEST, Region & Country Forecast, 2021–2028
Global Logistics Automation Market Forecast to
2028
The Global Logistics
Automation Market size is projected to reach USD 133.21 Billion
from USD 52.59 Billion in 2020, exhibiting a growth rate of 12.4% through 2028.
The market growth is driven by the immense growth in the e-commerce platforms,
increased focus on the reduction of human resources, growing adoption of
automated operation, and inclination of warehouse management & logistics
providers towards cutting-down on the overall OPEX (operating expenses).
Increased integration of automation in
logistics to reduce the involvement of human manual efforts to save both time
and money and curbing uncertainty in the successful accomplishment of
operations is the key factor stimulating the growth of the logistics automation
market over the forecast period.
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Key players operating in the global
logistics automation market are Murata
Machinery, Toshiba Logistics, Vitronic, Wisetech Global, ULMA Handling Systems,
Swisslog Holding AG, Deutsche Post DHL Group, FedEx Corp., United Parcel
Service, Inc., and DSV Air & Sea Inc., among others.
Further key
findings from the report suggest
- Based on end-use, the manufacturing
industries are anticipated to contribute a revenue close to USD 34.82
Billion and a growth rate of 13% over the forecast timeline.
- The e-Commerce segment is estimated to
experience exponential growth of nearly 17.3% through 2028.
- Based on automation type, the
hardware-centric segment accounted for 37.6% of the logistics automation
market share in 2020 and is set to grow at 16.0% through 2028.
- The software-centric automation segment
is estimated to contribute a revenue share of approximately USD 61.84
Billion by 2028. Software-centric automation employs all the operational
works that do not require any machine for the purpose of product handling.
Cataloging, inventory management, tracking of the product delivery,
resource management, and others are entitled to this product type for
automation enhancement.
- On the basis of the component of
logistics, the material handling & transportation segment is estimated
to witness a growth rate of 15.3% over the analysis period.
- Based on logistics model type, the first
party logistics segment accounted for 15.3%, and the third party logistics
segment held 45.6% of the global market share in 2020.
- In the regional landscape, North America
accounted for the largest market share of 35.1% in 2020, followed by the
APAC region, accounting for 26.2% of the logistics automation market share
in the same year.
- The APAC region is forecast to exhibit a
notable growth rate of 17% with a revenue generation of nearly USD 43.83
Billion by 2028 on account of major growth in the consumer base in the
retail and e-Commerce sector along with the presence of a large number of
manufacturing industries in the region.
- Europe is forecast to account for 22% of
the logistics automation market share, exhibiting a CAGR of 11% over the
projected timeframe.
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For the purpose of this report, Reports and
Data has segmented the Global Logistics Automation Market on the basis of
end-user, automation type, components of logistics, logistics model, and
region:
End-User Outlook
(Revenue: USD Billion; 2020-2028)
- Manufacturing Industries
- Retails
- eCommerce
- Oil & Gas Industries
- Food & Beverages
- Government Utilities
- Healthcare Market
- IT Industries
- Others
Automation Type
Outlook (Revenue: USD Billion; 2020-2028)
- Hardware Centric
- Software Centric
Components of
Logistics Outlook (Revenue: USD Billion; 2020-2028)
- Warehouse Management
- Material Handling & Transportation
Logistics Model
Outlook (Revenue: USD Billion; 2020-2028)
- First Party Logistic Model
- Second Party Logistic Model
- Third Party Logistic Model
- Fourth Party Logistic Model
- Fifth Party Logistic Model
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France,
Rest of EU)
Asia Pacific (India, Japan, China,
South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil,
Argentina, Rest of Latin America)
Middle East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Global Logistics Automation Market
Report:
· Comprehensive analysis of the changing market
dynamics
· A futuristic outlook on different factors
influencing the market
· An 8-year forecast of the market growth and
expected revenue growth
· Ease of understanding of the market, key
segments, and their future growth
· In-depth analysis of the competitive landscape
to give an advantageous edge for the companies
· Extensive insight into the market with
in-depth analysis of the segmentation
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