Report : Asia Pacific Logistics Automation Market Forecast to 2030 - Regional Analysis - by Component (Hardware, Software, and Services), Mode of Freight Transport (Land, Water, and Air), Application (Warehouse Management and Transportation Management), and End-user Industry (Manufacturing, Retail and E-Commerce, Oil and Gas, Food and Beverages, Automotive, Healthcare and Pharmaceutical, and Others)
At 13.2% CAGR, Asia Pacific Logistics Automation Market is Projected to be Worth US$ 23,204.73 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific logistics automation market was valued at US$ 8,580.84 million in 2022 and is expected to reach US$ 23,204.73 million by 2030, registering a CAGR of 13.2% from 2022 to 2030. Continuous growth in retail & e-commerce sector and implementation of autonomous vehicles and drones are among the critical factors attributed to the Asia Pacific logistics automation market expansion.
Logistic automation is one of the substantial components of e-commerce for managing the issues of inventory, tracking, packing, warehousing, and shipping. In retail and e-commerce, the business is liable for safeguarding timely delivery and return policy. If the goods or products need to be replaced, the company must handle all the operations in reverse logistics. In the retail and e-commerce business, a logistics automation provider delivers upgraded technology, scalability and flexibility, and efficiency. Additionally, the e-commerce sector is growing. For instance, India has gained 125 million online shoppers since 2020, with another 80 million expected by 2025.
The logistics requirements and services provided by the logistic automation software firms to retail and e-commerce businesses include warehouse management, supply chain management, consolidated services, and order fulfillment. There are several benefits related to e-commerce that can be fulfilled if the company outsources its logistics requirements through a logistic automation service provider. This allows the retail and e-commerce participants to perform their specific roles; accordingly, it is a reliable substitute for using the third-party organization in the retail & e-commerce ecosystem. Logistics automation firms specialize in supply chain management, allowing online stores to accentuate marketing and other business operations. The logistics automation software allows warehouse managers to deal efficiently with various processes such as multiline item sorting, split case picking, and palletizing. Therefore, logistics automation software has an enormous opportunity in the retail & e-commerce sector globally. This can propel the growth of the growth of the Asia Pacific logistics automation market.
On the contrary, high cost of implementation of logistics automation hampers the growth Asia Pacific logistics automation market.
Based on component, the Asia Pacific logistics automation market is segmented into hardware, software, and services. The hardware segment held 67.7% share of the Asia Pacific logistics automation market in 2022, amassing US$ 5,810.74 million. It is projected to garner US$ 14,963.98 million by 2030 to expand at 12.6% CAGR during 2022-2030.
In terms of mode of freight transport, the Asia Pacific logistics automation market is segmented into land, water, and air. The land segment held 57.2% share of the Asia Pacific logistics automation market in 2022, amassing US$ 4,904.46 million. It is estimated to garner US$ 12,305.87 million by 2030 to expand at 12.2% CAGR during 2022-2030.
By application, the Asia Pacific logistics automation market is bifurcated into warehouse management and transportation management. The warehouse management segment held 84.1% share of Asia Pacific logistics automation market in 2022, amassing US$ 7,214.60 million. It is predicted to garner US$ 19,200.60 million by 2030 to expand at 13.0% CAGR during 2022-2030.
In terms of end-user industry, the Asia Pacific logistics automation market is segmented into manufacturing, retail and e-commerce, oil and gas, food and beverages, automotive, healthcare and pharmaceutical, and others. The manufacturing segment held 21.3% share of the Asia Pacific logistics automation market in 2022, amassing US$ 1,831.80 million. It is estimated to garner US$ 5,426.57 million by 2030 to expand at 14.5% CAGR during 2022-2030.
Based on country, the Asia Pacific logistics automation market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 33.5% share of Asia Pacific logistics automation market in 2022, amassing US$ 2,874.58 million. It is projected to garner US$ 7,682.83 million by 2030 to expand at 13.1% CAGR during 2022-2030.
Key players operating in the Asia Pacific logistics automation market are BEUMER Group GmbH & co KG, Daifuku Co Ltd, Dematic Corp, Honeywell Intonational Inc, KNAPP AG, Murata Machinery Ltd, Swisslog Holding AG, TGW Logistics Group GmbH, and Toshiba Infrastructure Systems and Solutions Corp, among others.
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