Logistics Automation Market- Global Opportunity Analysis And Industry Forecast (2024-2031)

Meticulous Research®—a leading global market research company, published a research report titled, ‘Global Logistics Automation Market by Offering (Hardware, Software, Services), Type (Inbound, Outbound), Automation Mode, Application (Inventory Management, Others), End User (Retail & E-commerce, Automotive, Others) & Geography – Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the logistics automation market is projected to reach $65.14 billion by 2031, at a CAGR of 10% from 2024 to 2031. The growth of the logistics automation market is driven by the rapid growth in e-commerce and the increasing incorporation of robots in logistics. However, high capital investment requirements and the lack of standardization in the logistics sector restrain the growth of this market.

Furthermore, the digital transformation of the logistics industry, advancements in sensor technologies, and the outsourcing of logistics are expected to generate growth opportunities for market stakeholders. However, the lack of skilled operators and privacy & security concerns are major challenges impacting the market growth.

Additionally, an increasing focus on improving last-mile deliveries and the growing use of AI in supply chain and logistics management are prominent trends in the logistics automation market.

Based on offering, the global logistics automation market is broadly segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the global logistics automation market. The large market share of this segment is attributed to strong growth in e-commerce, changes in consumer behavior, increasing investments in logistics facilities for optimized process efficiency, and the increasing use of robots across supply chains.

Furthermore, the growing complexity of warehousing and the demand for agile and efficient operations are encouraging companies to invest in automating warehouse facili

Logistics Automation Market- Global Opportunity Analysis And Industry Forecast (2024-2031)

Meticulous Research®—a leading global market research company, published a research report titled, ‘Global Logistics Automation Market by Offering (Hardware, Software, Services), Type (Inbound, Outbound), Automation Mode, Application (Inventory Management, Others), End User (Retail & E-commerce, Automotive, Others) & Geography – Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the logistics automation market is projected to reach $65.14 billion by 2031, at a CAGR of 10% from 2024 to 2031. The growth of the logistics automation market is driven by the rapid growth in e-commerce and the increasing incorporation of robots in logistics. However, high capital investment requirements and the lack of standardization in the logistics sector restrain the growth of this market.

Furthermore, the digital transformation of the logistics industry, advancements in sensor technologies, and the outsourcing of logistics are expected to generate growth opportunities for market stakeholders. However, the lack of skilled operators and privacy & security concerns are major challenges impacting the market growth.

Additionally, an increasing focus on improving last-mile deliveries and the growing use of AI in supply chain and logistics management are prominent trends in the logistics automation market.

Based on offering, the global logistics automation market is broadly segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the global logistics automation market. The large market share of this segment is attributed to strong growth in e-commerce, changes in consumer behavior, increasing investments in logistics facilities for optimized process efficiency, and the increasing use of robots across supply chains.

Furthermore, the growing complexity of warehousing and the demand for agile and efficient operations are encouraging companies to invest in automating warehouse facili