The logistic automation market generated a value of USD 33.0 billion in 2023, which will rise to USD 61.0 billion, with a 9.2% compound annual growth rate, by 2030.  

Automation technology has enhanced efficiency and management; and assists in buying various goods with many advantages. It is very beneficial in inventory management and the production process.  

Logistics automation comprises the incorporation of control systems, software, and equipment to enhance success rate. They comprise various automated and transportation storage systems, including independent mobile robots, automated retrieval or storage systems, and robotic arms. 

The advantages related to these systems comprise speed, flexibility, managerial control, enhanced customer service, and data analysis. A major area where these systems are making a large difference is transportation management.  

Moreover, businesses can expand their transportation networks as well as decrease fuel spending via advanced route optimization methods along with constant monitoring systems. 

The size of the logistic automation market was USD 33.0 billion in 2023, and it is projected to grow at a CAGR of 9.2% from 2024 to 2030, reaching USD 61.0 billion by 2030.

The hardware category was the largest contributor to the industry in 2023, with approximately 50% share. Hardware is the foundation of this industry because various physical parts are important for executing different logistical tasks. Moreover, an increasing count of sectors requires automation technologies, which is resulting in significant expenses on hardware. 

The transportation logistics category accounted for the largest logistic automation market share. The logistics industry largely involves moving products from one place to another; therefore, transportation is its central requirement. Automation technology is playing an important part in enhancing the benefits for the transportation industry. 

The sales category led the industry in 2023, with approximately 45% share, and it will further advance at more than 9.3% CAGR in the years to come. Sales performance is essential for any business or organization to generate profits.  

The large enterprises category accounted for the leading share of the industry. This can be because of the well-developed organization’s competitive advantage since they have significant financial resources. This advantage allows them to make large funding in innovative automation technologies. 

North America was the largest contributor to the industry, and the regional industry is also likely to remain the largest throughout this decade. Technological advancement is one of the major reasons for the largest share because the continent has always had an advantageous R&D situation for all sectors. 

Moreover, because of its robust infrastructure and booming logistics industry, the continent is the hub of automation technology. Additionally, with the surging acceptance of technologies like warehouse management systems, AI, and automated robots, the regional industry will further advance. 

It is because of the rise in utilization of e-commerce platforms, the logistic automation industry will continue to grow significantly in the years to come.