Global Logistics Automation Market is expected to reach US$ 90.74 Bn by 2024 from US$ 37.15 Bn in 2016 at CAGR of 11.81%. 
The report of global logistics automation market is segmented by component, organization size, vertical, and region. In terms of component, the global logistics automation market is classified into warehouse & storage management, transportation management. Based on organization size, the global logistics automation market is segregated into small & medium-sized enterprises, large enterprises. On the basis of vertical, the global logistics automation market is categorized into retail & e-commerce, manufacturing, oil, gas & energy, pharmaceuticals & healthcare, logistics & transportation, automotive, aerospace & defence, food & beverage, chemicals, and others. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. One of the significant drivers of the logistics automation market growth is rising adoption of big data in automated logistics technologies. Increasing use of IoT platform in logistics and supply chain management is further boosting the growth of logistics automation market across the globe. Moreover, the growing popularity of Logistics 4.0 in transportation and warehousing drives the growth of the global logistics automation market. Logistics 4.0 has the potential to automate the value stream that consists of autonomous vehicles (driverless cars) and elimination of warehouse operation in favor of predictive deliveries with zero-lead time integration. Furthermore, high penetration of robotics in warehouse management fuelling the growth of the global logistics automation market. The robots follow a set of defined pathways, utilizing route marks from labels on the ground. Different systems utilize ultrasonic sensors such as those in automotive parking. However, high capital can restrain the growth of the global logistics automation market. On the basis component, the transportation management segment is estimated to grow at a higher CAGR as compared to the warehouse & storage management segment during the forecast period. The need to ensure timely delivery of goods and reduce transportation costs is one of the most significant factors estimated to drive the growth of the transportation management segment. Based on vertical, the automotive segment is estimated to lead the logistics automation market during the forecast period. Rising competition in the automotive industry has propelled the demand for automated production systems and flexible logistics systems to enhance the manufacturing and supply of vehicles. The automotive sector uses logistics & fleet management solutions to manage, track, and monitor the movement of goods and vehicle fleet. In terms of region, North America is expected to have the largest market share in the logistics automation market during the forecast period. Numerous companies in North America are adopting logistics automation solutions to improve supply chain operations. The Asia Pacific is anticipated to have the highest growth rate in the global logistics automation market during the forecast period. The reason behind the growth is large-scale industrialization in emerging economies such as India and China. Some of the key players in the global logistics automation market are Toshiba Logistics, TGW Logistics Group GmbH, Wisetech Global, System Logistics SPA, Falcon Autotech, Dematic, Daifuku, Swisslog, Honeywell Intelligrated, Murata Machinery, Knapp GG, Jungheinrich AG, SSI Schaefer, Mecalux, S.A., Vitronic, Beumer Group, Hinditron, JBT Corporation, UlMA Handling System, and SI system LLC.
The scope of the Global Logistics Automation Market
Global Logistics Automation Market by Component
• Warehouse & Storage Management • Transportation Management
Global Logistics Automation Market by Organization Size
• Small & Medium-sized Enterprises (SMEs) • Large Enterprises
Global Logistics Automation Market by Vertical
• Retail & E-commerce • Manufacturing • Oil, Gas & Energy • Pharmaceuticals & Healthcare • Logistics & Transportation • Automotive • Aerospace & Defense • Food & Beverage • Chemicals • Others
Global Logistics Automation Market by Geography
• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America
Key Players operating in the Global Logistics Automation Market
• Toshiba Logistics • TGW Logistics Group GmbH • Wisetech Global • System Logistics SPA • Falcon Autotech • Dematic • Daifuku • Swisslog • Honeywell Intelligrated • Murata Machinery • Knapp GG • Jungheinrich AG • SSI Schaefer • Mecalux, S.A. • Vitronic • Beumer Group • Hinditron • JBT Corporation • UlMA Handling System • SI system LLC
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