Logistics Automation Market Size Worth $85.19 Billion, Globally, by 2030

According to a new comprehensive report from The Insight Partners, the development and adoption of e-commerce in the retail sector are expected to generate remarkable growth opportunities for the industry players. Also, every day, many businesses integrate new technologies—such as AI, big data, and the Industrial Internet of Things (IIoT)—to automate various processes in their warehouses. This tendency is reflected, for instance, in the growing use of automatic guided vehicles (AGVs) and autonomous mobile robots. This equipment maintains nonstop workflows while redeploying operators to higher-value tasks.

Automated solutions are proving to be the best tools for optimizing the efficiency of logistics processes, which indicates that many businesses are installing automated storage and retrieval systems (AS/RS) and automated transportation solutions. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Logistics Automation Market comprises of component, mode of freight transport, application, and end-user industry which are expected to register strength during the coming years.

Overview of Report Findings:

    Market Growth: The Logistics Automation Market Size is expected to reach US$ 85.19 billion by 2030 from US$ 35.21 billion in 2022, at a CAGR of 11.7% during the forecast period.
    Robotics in Warehouses: With the increasing consumer expectations, the market players are focusing on investing in IT and operational functions in warehouses. There is growing development in connectivity technology globally, as tech companies make everything from sortation to arranging pallets in the warehouse internet-ready. They are leveraging the latest supply chain technology and the Internet of Things (IoT).
    Implementation of Autonomous Vehicles and Drones: Autonomous vehicles and drones are important components of automated logistics systems. Google and Tesla, for example, have made substantial advances in driverless vehicle technologies. Autonomous driving has progressed from science fiction to a very feasible possibility in the last two decades, owing to significant advances in radar technology and computer power.
    SMEs implementing Supply Chain Logistics: SMEs rely heavily on strong transport systems for expansion, which makes logistics a vital component of their operations. SMEs can benefit greatly from dependable logistics partners who use proper 3PL technologies. Their storage knowledge, extensive network with 3PL suppliers across the country, and ability to handle deliveries during peak demand cycles make them important for SMEs.
    Geographical Insights: North America dominated the Logistics Automation Market in 2022. Europe is the second-largest contributor to the global Logistics Automation Market, followed by APAC, Middle East and Africa, and South America.