Report : Middle East & Africa 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 9.1% CAGR, Middle East & Africa Logistics Automation Market is Projected to be Worth US$ 4,858.82 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa logistics automation market was valued at US$ 2,418.97 million in 2022 and is expected to reach US$ 4,858.82 million by 2030, registering a CAGR of 9.1% from 2022 to 2030. Implementation of autonomous vehicles and drones and SMEs implementing supply chain logistics are among the critical factors attributed to the Middle East & Africa logistics automation market expansion.
The importance of autonomous cars in the logistics business has grown in recent years as they have increasingly been deployed in precisely controlled environments such as warehouses and yards. However, deploying autonomous vehicles in shared and public locations, such as highways and city streets, might be the industry's next great step in optimizing logistics operations and increasing safety. The expanding technological developments in AI, as well as the increasing substantial investments in the development of sensors and visual technologies, can assist in self-driving vehicles. Autonomous vehicles and drones are important components of automated logistics systems. Google and Tesla, for example, have made substantial advances in driverless vehicle technologies. Autonomous driving has progressed from science fiction to a very feasible possibility in the last two decades, owing to significant advances in radar technology and computer power. Because portable technology has improved sufficiently to allow ultra-light hardware to make decisions based on self-improving algorithms, engineers have a better chance of mimicking human decision-making in autonomous vehicles.
On the contrary, high cost of implementation of logistics automation hampers the growth of Middle East & Africa logistics automation market.
Based on component, the Middle East & Africa logistics automation market is segmented into hardware, software, and services. The hardware segment held 68.8% share of the Middle East & Africa logistics automation market in 2022, amassing US$ 1,663.32 million. It is projected to garner US$ 3,188.96 million by 2030 to expand at 8.5% CAGR during 2022-2030.
In terms of mode of freight transport, the Middle East & Africa logistics automation market is segmented into land, water, and air. The land segment held 56.6% share of the Middle East & Africa logistics automation market in 2022, amassing US$ 1,369.28 million. It is estimated to garner US$ 2,538.81 million by 2030 to expand at 8.0% CAGR during 2022-2030.
By application, the Middle East & Africa logistics automation market is bifurcated into warehouse management and transportation management. The warehouse management segment held 85.2% share of Middle East & Africa logistics automation market in 2022, amassing US$ 2,061.99 million. It is predicted to garner US$ 4,082.97 million by 2030 to expand at 8.9% CAGR during 2022-2030.
In terms of end-user industry, the Middle East & Africa 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 21.9% share of the Middle East & Africa logistics automation market in 2022, amassing US$ 529.93 million. It is estimated to garner US$ 1,189.26 million by 2030 to expand at 10.6% CAGR during 2022-2030.
Based on country, the Middle East & Africa logistics automation market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 42.1% share of Middle East & Africa logistics automation market in 2022, amassing US$ 1,018.76 million. It is projected to garner US$ 2,257.22 million by 2030 to expand at 10.5% CAGR during 2022-2030.
Key players operating in the Middle East & Africa logistics automation market are BEUMER Group GmbH & co KG, Dematic Corp, Honeywell Intonational Inc, KNAPP AG, Swisslog Holding AG, and TGW Logistics Group GmbH, among others.
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