According to the latest market research study published by P&S Intelligence, 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.
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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.
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