Latest News- Logistics Automation Market: Hardware is expected to lead the Component segment during 2025-2029

The Logistics Automation Market is being driven by Rising adoption of big data in automated logistics technologies

The Logistics Automation Market is expected to grow at a CAGR of 9.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 22714.2 million. The global logistics automation market is experiencing a transformative shift towards the implementation of robotics in warehouse management. This trend is driven by the multifaceted advantages that robotics offer, including heightened efficiency, enhanced accuracy, and substantial cost savings. Consequently, businesses worldwide are integrating robotic solutions to automate their warehouse functions and optimize their supply chain processes. A primary factor fueling the widespread adoption of robotics in logistics is the imperative for heightened productivity and efficiency. Conventional manual operations are frequently marred by inefficiencies, such as human error, protracted processing times, and limited scalability. Robotics, with their precision and consistency, provide a viable solution to these challenges. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Hardware
  • Software
  • Services
• End-user
  • Retail and ecommerce
  • Automotive
  • Healthcare
  • Aerospace
  • Others
• Technology
  • Conveyor systems
  • AGVs
  • Robotic arms
  • Sorting systems
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of big data in automated logistics technologies
• Increased adoption of E-commerce platforms
• Supply chain resilience and visibility as challenge in logistics automation

However, the market also witnesses some limitations, which are as follows:

• Requirement of high initial capital investment
• Risk involved regarding cyber threats and data breaches
• Complex integration and implementation in logistics automation

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Market Scope in Logistics Automation Market Research Report

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Research Analysis Overview

The Logistics Automation Market encompasses a range of technologies and solutions designed to streamline and optimize various aspects of the logistics process. These include automated material handling systems, logistics process mapping tools, network optimization software, inventory control strategies, order management software, delivery network design, warehouse layout design, dock scheduling systems, carrier management systems, freight rate optimization, reverse logistics solutions, warehouse safety procedures, labor productivity metrics, on-time delivery rates, order accuracy metrics, fulfillment speed metrics, transportation cost analysis, inventory turnover rates, service level agreements, shipping label generation, parcel tracking systems, returns management processes, integrated logistics platforms, and smart warehouse technologies.

Market Research Overview

The logistics automation market encompasses revenue generated by providers of warehouse management systems, automated guided vehicles, robotic process automation, and supply chain optimization within the global air freight and logistics industry. According to Technavio, the market size is determined by the earnings of companies offering air freight transportation, courier services, and logistics solutions, including package and mail delivery and customs agents. Key growth drivers for this market include the surge in cross-border e-commerce activities, which involve purchasing goods from foreign sources, and the implementation of advanced technologies for streamlined warehouse management and efficient supply chain optimization.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/