Professionals 229 Users Online

Smart Logistics Market

Market Study on Smart Logistics: Nearly 7X Market Growth Predicted for 10-year Period

Smart Logistics Market Segmented By Software, Hardware and Services (Professional and Managed Services)

Smart Logistics Market Outlook (2022-2032)

At present, revenue from smart logistics accounts for a market valuation of US$ 30.6 Bn and is projected to skyrocket to US$ 201 Bn by the end of 2032. This is because the global smart logistics market is anticipated to surge ahead at 20.7% CAGR over the next ten years.

The advent of smart technologies and rapid innovations have led to some major changes in all industries across the world and logistics is one of the prominent industries that is expected to change drastically in the future. Demand for smart logistics rose rapidly at 19.1% CAGR from 2017 to 2021 and ended up with a market valuation of US$ 25.5 Bn in 2021.

Digitization has played a pivotal role in paving the inroads for smart logistics in the conventional logistics and supply chain landscape. Growing digitization across the world, increasing adoption of smart technologies, the establishment of smart warehouses, flourishing e-commerce industry, rising number of global shipments, and implementation of smart transportation systems are other factors that are expected to boost smart logistics demand in the future.

Implementation of smart supply chain solutions, increasing demand for automation, and the emergence of logistics 4.0 are other factors that also could favor market development in the long run.

However, a lack of standardization in the logistics industry is anticipated to prove to be a major constraint to market growth throughout the forecast period. Moreover, the high costs associated with the deployment of smart logistics solutions are also expected to impede demand through 2032.

Attribute Details

Smart Logistics Market Size (2022)

US$ 30.6 Bn

Projected Market Value (2032)

US$ 201.2 Bn

Global Market Growth Rate (2022-2032)

20.7% CAGR

Manufacturing and Resources Segment Share (2021)

28.3%

China Market Growth Rate (2022-2032)

21.3% CAGR

Europe Market Share (2021)

20.7%

Sample Report

FREE Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get FREE Report Sample

Will Logistics 4.0 Revolutionize Supply Chains Across the World?

“Digitization & Automation Anticipated to Bolster Demand for Logistics 4.0”

Supply chains have been operating conventionally for ages now and the system is long due for an upgrade, which is what Logistics 4.0 brings to the shipping and freighting industry. High penetration of internet infrastructure, rising demand for automation, increasing integration of smart technologies, and growing adoption of new logistics solutions across the world to improve efficiency are some of the prime factors that will enable the adoption of Logistics 4.0 trends and therefore the evolution of shipping and supply chain activities around the world.

The new road towards Logistics 4.0 is being paved by the advent and onset of the Industry 4.0 trend that has enabled automation and smart industries across the world. Moreover, the integration of smart transportation, smart warehousing, and smart freight management technologies are also expected to create an opportune setting for smart logistics companies over the coming years.

smart-logistics-market

Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

How New Smart Logistics Companies Could Change the Future of the Industry?

“Development & Deployment of Innovative Logistics Solutions the Prime Focus of Start-ups”

Upcoming smart logistics providers are focusing on leveraging technologies such as IoT (Internet of Things), data analytics, smart transportation, etc., to create highly efficient and innovative smart logistics solutions that help them bolster their market presence across the world.

  • In September 2022, Celcius Logistics, an Indian cold-chain start-up, announced the launch of a new smart last-mile delivery platform that fixes the problems with the current cold supply chains in India. The company is working with giants such as Maersk, Zomato, Zepto, etc.

New companies in the smart logistics market are also focusing on securing new capital to expand their business scope and scale their business models to compete with major market players in the global landscape.

  • In November 2022, Grip, a perishable shipping company founded by Juan Meisel, announced that it was coming out of stealth mode with pre-seed funding of US$ 2 Mn backed by Western Technology, Soma Capital, and other investors. Grip’s technology has been dubbed as a “smart logistics engine,” which manages the shipping in real-time while monitoring weather events and the temperature of the carrier along with on-time delivery. 
  • In November 2022, GoFreight, a freight forwarding start-up, raised around US$ 23 Mn in a Series A funding round that was led by Headline and Flex Capital. The company is focused on revolutionizing the freighting and shipping industry by providing a backend software that helps its users run operations smoothly with a frontend to provide quick quotes.
  • In June 2021, GoBOLT, an Indian logistics start-up that provides smart logistics solutions, announced that it had raised US$ 20 Mn in a Series B funding round from Paragon Partners and Aavishkaar Capital.
Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

Which is the Most Attractive Market in North America?

“United States Accounts for Highest Share in North American Region”

Demand for smart logistics in the United States is anticipated to have a bright outlook in the future and this can be ascribed to the rapid adoption of smart technologies, the growing use of automation, the presence of key logistics solution providers, and the growing demand for more efficient supply chain solutions.

Flourishing e-commerce industry and rising online sales in the country are also expected to boost demand for smart warehousing and deployment of smart supply chain solutions. Demand for smart logistics in the U.S. accounted for 23.4% market share in 2021 and is projected to rise at a phenomenal CAGR of 18.2% over the next ten years.

Sales Team

Sales Team
Client Partner

Let's Connect

Connect me to identify winning opportunities

Ask An Expert
I'm Available

Why is Japan an Advantageous Market for Smart Logistics Providers?

“Robust Manufacturing Activity Offers Lucrative Business Scope”

Japan is home to one of the most prominent manufacturing industries in the East Asian region and this is a prime factor that is expected to lead the demand for smart logistics in the country throughout the forecast period. Japan is known for manufacturing consumer electronics, semiconductors, automobiles, etc., and these are the prime industries that propel market potential in the country.

Smart logistics demand in Japan is forecasted to increase at a prolific CAGR of 20.5% from 2022 to 2032. Meanwhile, the S. Korea smart logistics market is also expected to expand at a similar pace over the coming years.

Which Markets Have a Bright Demand Outlook in Europe?

“Germany to Account for Significant Market Share in Europe”

The market in Europe accounted for the second-highest share of 20.7% in the global landscape in 2021 and is estimated to maintain a similar stance throughout the forecast period. Germany is predicted to be a key market in this region owing to high investments by the government and private sector in the transportation sector. Moreover, the presence of robust industrial activity and automotive production in the country is also expected to provide future growth scope for smart logistics providers in the European region.

In 2021, demand for smart logistics in Germany accounted for 12.5% market share in the global landscape and is slated to exhibit expansion at a notable CAGR of 16.1% through 2032.

Category-wise Insights

Which Industry Leads Global Smart Logistics Demand?

“Manufacturing and Resources Industry Accounts for Highest Market Share”

In 2021, the manufacturing and resources industry held a dominant share of 28.3% in the global industry landscape and is projected to witness an increase in the demand for smart logistics at a robust 18.4% CAGR across the forecast period.

The need for improved tracking of pallets and goods during shipping in the manufacturing industry is expected to be a prime factor that influences growth in this industry over the coming years. Growing manufacturing activity and increasing investments to bolster the manufacturing sector in developing countries are other factors that will bolster the growth of this segment.

Demand for smart logistics in the services industry is expected to soar high at a prolific CAGR of 22.4% from 2022 to 2032.

Competitive Landscape

Prime smart logistics providers are focusing on expanding their business scope through collaborations, partnerships, and mergers.

  • In November 2022, Hyundai Glovis, a logistics company based in South Korea signed an MoU (Memorandum of Understanding) with Lion Group, Malaysia’s retail-to-steel company to provide smart logistics solutions for Lion’s business units in the Southeast Asian regional market.

Leading smart logistics companies are also focusing on launching new innovative services and platforms that simplify the implementation and deployment of a smart supply chain solution platform.

  • In October 2022, Shipsy, a leading smart logistics technology company, announced the launch of a no-setup, ready-to-access international logistics solution for businesses in India. This new solution will enable SMEs to manage their cross-border business with little to no hassle and provide impetus to the growing e-commerce and shipping industry in India.

Recent developments related to key providers of smart logistics have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Smart Logistics Industry Report Scope

Attribute Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Component
  • Industry
  • Region

Key Companies Profiled

  • AT&T Intellectual Property
  • IBM Corporation
  • Intel Corporation
  • SAP SE
  • Cisco Systems
  • Oracle Corporation
  • Freightgate Inc.
  • Arkessa
  • Bosch Connected Devices and Solutions GmbH
  • Honeywell International Inc.
  • Orbcomm Inc.

Pricing

Available upon Request

Key Segments of Smart Logistics Industry Research

By Component:

  • Software
  • Hardware
  • Services
    • Professional Services
    • Managed Services

By Industry:

  • Infrastructure
    • Telecommunication
    • Energy & Utilities
    • Building & Construction
  • Services
    • IT/Professional Services
    • Consumer & Personal Services
    • Media, Entertainment & Publishing
    • Travel & Hospitality
    • Legal Services
  • Distribution Services
    • Retail
    • Wholesales
    • Transportation/Logistics Services
    • Warehousing & Storage
    • Shipping
  • Public Sector
    • Government (State/Central)
    • Education
    • Healthcare
    • Aerospace & Defense
    • Non-profit
  • Finance
    • Banking
    • Insurance
    • Investment/Securities
  • Manufacturing and Resources
    • Discrete Manufacturing
    • Process Manufacturing
    • Resource Industries
    • Agriculture

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • Honeywell International Inc.
  • Robert Bosch GmbH
  • GAO Group
  • HID Global
  • RMS Omega
  • Onset Computer Corporation
  • Testo SE & Co. KGaA
  • MOKOSmart
  • ORBCOMM
  • Software AG
  • Cisco Systems, Inc.
  • SAP

- Frequently Asked Questions -

Worldwide revenue from smart logistics accounts for US$ 30.6 Bn value in 2022.

Smart logistics demand is predicted to surge at an impressive 20.7% CAGR over the next ten years.

By 2032, the market for smart logistics solutions is slated to reach US$ 201.2 Bn.

In 2021, North America accounted for the highest share of 32.9% in the global marketplace.

The market for smart logistics in China is projected to exhibit expansion at a stellar CAGR of 21.3% through 2032.

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy
Google translate