Kings Research today announced the release of its latest market intelligence study, “Global Logistics Automation Market: Size, Share, Trends & Forecast 2024–2031.” The report provides an in-depth analysis of market size, growth drivers, technological trends, regional outlook, and competitive dynamics.
According to Kings Research, the global logistics automation market was valued at USD 34.54 billion in 2023 and is projected to reach USD 97.16 billion by 2031, expanding at a CAGR of 14.04% during the forecast period. Market growth is being propelled by rising demand for faster, more accurate, and cost-efficient supply chain operations, driven by e-commerce growth, omni-channel retail expansion, and technological advancements in robotics, AI, IoT, and warehouse management systems.
Logistics automation technologies streamline inventory handling, order fulfillment, transportation, and labor management while minimizing human error and improving throughput. Companies are increasingly investing in these solutions to meet consumer expectations for speed and accuracy.
Kings Research identifies the following drivers for the logistics automation market
- Efficiency & Accuracy Demands: Automation enhances workflow precision, reduces errors, and increases order fulfillment speed. In September 2024, GXO partnered with Reflex Robotics to pilot humanoid robots in live warehouse operations, enhancing tasks such as tote transfer and product picking (Source: GXO.com).
- AI-Driven Manufacturing Solutions: AI integration optimizes operations, predicts maintenance needs, and automates routine tasks, boosting productivity. In June 2024, Rockwell Automation collaborated with NVIDIA to integrate AI and robotics technologies with OTTO Motors’ autonomous mobile robots (Source: rockwellautomation.com).
- E-Commerce and Omni-Channel Expansion: Growing online retail and consumer demand for faster deliveries are driving adoption of automated warehouse and transport solutions.
- Technological Integration: Advanced robotics, IoT-enabled devices, and data analytics enhance scalability and supply chain visibility.
B2B leaders in manufacturing, retail, healthcare, and logistics can benefit from automation through
- Improved Throughput and Accuracy: Streamlined workflows reduce errors and returns, enhancing customer satisfaction.
- Cost-Efficiency: Automation reduces labor dependency, operational costs, and downtime.
- Scalable Solutions: AI and robotics enable flexible deployment across warehouses, transportation networks, and supply chains.
Regional Outlook
- North America: Held 33.24% market share in 2023 (USD 11.48 billion), supported by advanced infrastructure, technology adoption, and investments in automated warehouse and cold storage solutions.
- Asia-Pacific: Poised for rapid growth at a CAGR of 15.10%, driven by industrialization, e-commerce expansion, smart manufacturing initiatives, and favorable government policies. Key contributors include China, Japan, and India.
- Europe: Growth supported by adoption of automation in manufacturing, retail, and logistics operations, along with integration of AI and robotics technologies.
Competitive Landscape
The global logistics automation market is moderately fragmented, with companies focusing on strategic partnerships, acquisitions, and technological innovation to enhance product offerings and market share. Key players include KION GROUP AG, Honeywell International Inc., Daifuku Co., Ltd., IBM, SAP SE, Oracle, and ABB.
The full Kings Research report provides detailed segmentation by component, application, end use, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/logistics-automation-market-1914.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include the International Transport Forum (www.itf-oecd.org), the U.S. Department of Transportation (www.transportation.gov), and the World Economic Forum (www.weforum.org).