Global Logistics Automation Market Outlook and Forecast (2024–2030)
The global logistics automation market was valued at USD 34.56 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2030. Logistics automation encompasses a broad range of hardware and software solutions designed to streamline and enhance key logistics operations, including transportation, storage, retrieval, and data management. By automating these functions, businesses can significantly improve operational efficiency, reduce manual errors, and decrease turnaround times. The adoption of automation enables companies to scale operations effectively, as larger volumes of goods can be managed more efficiently with the aid of autonomous mobile robots (AMRs), conveyor systems, automated guided vehicles (AGVs), and automated storage and retrieval systems (AS/RS). One of the primary drivers behind the rapid expansion of this market is the growing consumer preference for online shopping, which is accompanied by increasing ex...