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Logistics Automation Market Size
- Report ID: GMI5584
- Published Date: May 2023
- Report Format: PDF
Logistics Automation Market Size
Logistics Automation Market size surpassed USD 50 billion in 2022 and is anticipated to grow at 12% CAGR from 2023 to 2032. E-commerce platforms are becoming increasingly popular around the world with the rise in smartphone sales and wide availability of high-speed internet connections.
This increase in investments can be attributed to the growing demand for efficient warehousing and inventory management as well as lower labor costs, which are driving business development. Furthermore, market leaders are introducing warehouse robots to eliminate the need for manual involvement in various activities, such as warehousing and material handling, by automating laborious & dangerous tasks and ensuring worker safety.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Logistics Automation Market Size in 2022: | USD 51.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 12% |
| 2032 Value Projection: | USD 158 Billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 403 |
| Segments covered: | Component, Organization Size, Application, Logistics Type, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The high capital investments in technologies such as machines, robots, artificial intelligence, and other similar technologies is expected to restrain logistics automation market growth in coming year. Such large capital investments are making it difficult for small-scale warehouse owners to integrate automation into their logistics operations, limiting industry statistics.
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Logistics Automation Market Scope
