Logistics automation will experience significant growth and
transform the way goods are stored, managed or transported – fuelled by
innovation and new consumer
expectations. In this blog, we’ll explore the logistics automation market
size, key segments, trends that are altering the future of logistics automation
and insights from the experts.
Market
Size and Growth
The logistics automation market was worth just around US$ 35.21
billion in 2022, but it is predicted that by 2030 it should be worth about US$
85.19 billion, at a compound annual growth rate (CAGR) of 11.7 percent from
2022-2030.
Key
Segmentation of the Logistics Automation Market
Logistics automation market can be categorised differently based
on its components, applications and its end-user industries. The exact
understanding of these segments can be a guideline for the businesses to penetrate
this market better.
1.
By
Components:
·
Hardware: This consists of physical devices
such as automated storage and retrieval systems (AS/RS) and conveyors and
robotics that operate within warehouses and distribution centres.
·
Software: You can access software solutions,
such as warehouse management systems (WMS), transportation management systems
(TMS) and other inventory management software, to make good decisions and run
things smoothly.
·
Services: This includes consulting,
implementation, and maintenance services that guarantees the system operates
efficiently.
2. By Applications:
·
Transportation Management: This app is used
for optimizing logistics and transportation processes, and includes route
optimisation, freight auditing and shipment tracking for more efficient
transportation of goods and commodities.
·
Warehouse management: Warehouse management
automates the storage, retrieval and dispatch of goods from a warehouse. The
major benefit of automated systems is increased accuracy and speed of order
fulfilment.
3. By End-user Industry
·
Manufacturing
·
Retail and E-Commerce
·
Oil and Gas
·
Food and Beverages
·
Automotive
In Conclusion, the logistics automation can become a significant
player in building the logistics future that will impact on decisions in supply
chain management and will take care of mounting logistics complexities to meet
the needs of customers, improve sustainability, save money and secure health
and safety. Firms that embrace logistics automation technologies will compete
and win as their operations become more intelligent, effective, efficient and
robust.
