Automated Logistics Equipment Market was valued at USD 34.5 Billion in 2022 and is projected to reach USD 75.0 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The logistics industry is undergoing a profound transformation, driven by the integration of automated equipment designed to streamline operations, enhance efficiency, and reduce costs. This comprehensive analysis explores the current state, growth drivers, technological advancements, and future prospects of the Automated Logistics Equipment Market.
Automated logistics equipment encompasses a range of technologies and systems that facilitate the movement, storage, and management of goods within supply chains without direct human intervention. These systems include:
Automated Guided Vehicles (AGVs): Mobile robots that transport materials across facilities.
Automated Storage and Retrieval Systems (AS/RS): Systems that automatically store and retrieve products from storage locations.
Conveyor Systems: Mechanized systems that move goods efficiently within warehouses and distribution centers.
Robotic Picking Systems: Robots designed to select and handle items for order fulfillment.
Warehouse Management Systems (WMS): Software solutions that oversee and control warehouse operations.
The Automated Logistics Equipment Market has experienced significant growth, with projections indicating continued expansion. According to a report by Grand View Research, the global automated material handling equipment market size was estimated at USD 61.04 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030. This growth is driven by the increasing need for automation across various industries, aiming to enhance efficiency, reduce labor costs, and improve product quality.
Several factors contribute to the robust growth of the automated logistics equipment market:
Labor Shortages: A global shortage of skilled labor has prompted companies to adopt automation to maintain operational efficiency.
Technological Advancements: Innovations in robotics, artificial intelligence, and machine learning have enhanced the capabilities of automated systems, making them more adaptable and efficient.
E-Commerce Expansion: The rapid growth of e-commerce has increased the demand for efficient logistics solutions to handle large volumes of orders and ensure timely deliveries.
Cost Reduction Imperatives: Companies are seeking to reduce operational costs, and automation offers a viable solution by minimizing labor expenses and improving process efficiency.
Advancements in technology are pivotal in transforming logistics operations. Notable innovations include:
Artificial Intelligence (AI) and Machine Learning: These technologies enable systems to learn from data, optimize routes, and predict maintenance needs, leading to more efficient operations.
Internet of Things (IoT): IoT devices provide real-time tracking and monitoring of goods, enhancing visibility and control over supply chains.
Collaborative Robots (Cobots): Designed to work alongside human operators, cobots enhance productivity and safety in warehouses and distribution centers.
The automated logistics equipment market can be segmented based on product type, system type, industry vertical, and region:
Product Type:
Robots
Automated Storage and Retrieval Systems (AS/RS)
Conveyor Systems
Sortation Systems
Cranes
Warehouse Management Systems (WMS)
Collaborative Robots
Autonomous Mobile Robots (AMRs)
Automated Guided Vehicles (AGVs)
System Type:
Unit Load Material Handling
Bulk Load Material Handling
Industry Vertical:
Automotive
Semiconductor & Electronics
E-Commerce
Third-Party Logistics (3PL)
Metals & Heavy Machinery
Food & Beverages
Chemicals
Healthcare
Aviation
Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Geographically, the Asia Pacific region holds a significant share of the automated logistics equipment market, driven by rapid industrialization and the expansion of manufacturing sectors in countries like China, Japan, and India. The region's flourishing manufacturing and automobile sectors are expected to spur the demand for automated material-handling equipment.
Despite the promising growth, several challenges persist:
High Initial Investment: The substantial upfront costs associated with implementing automated systems can be a barrier for small and medium-sized enterprises.
Integration Complexities: Integrating new automated systems with existing infrastructure requires careful planning and can be technically challenging.
Workforce Transition: The shift towards automation necessitates reskilling and upskilling of the workforce to manage and maintain advanced systems.
The future of the automated logistics equipment market appears robust, with continuous advancements in technology and increasing adoption across various industries. The integration of AI, IoT, and robotics
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Daifuku
Ssi Schaefer
Swisslog
Dematic
Murata Machinery
Tgw
Interroll
Knapp
Vanderlande
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automated Logistics Equipment Market
Automobile
Pharmaceuticals
Food and Beverage
Others
Based on Types the Market is categorized into Below types that held the largest Automated Logistics Equipment market share In 2023.
Automated Stereoscopic Warehouse
Automated Guided Vehicle (AGV)
Automated Sorter
Automated Conveyor
Palletizing Robot
Forklift
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automated Logistics Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automated Logistics Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automated Logistics Equipment Market, By Type
6. Global Automated Logistics Equipment Market, By Application
7. Global Automated Logistics Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automated Logistics Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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