Canada Logistics Automation Market Size & Outlook
Canada logistics automation market, 2018-2030 (US$M)
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Canada logistics automation market highlights
- The Canada logistics automation market generated a revenue of USD 3,796.4 million in 2023 and is expected to reach USD 10,012.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Logistics automation market data book summary
| Market revenue in 2023 | USD 3,796.4 million |
| Market revenue in 2030 | USD 10,012.7 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | KION GROUP AG, Daifuku Co Ltd, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Manufacturing Co Ltd, Kardex Holding AG Registered Shares, Toyota Industries Corp, Oracle Corp, SAP SE, Kuka Automatisering Robots, KNAPP AG, TGW Logistics Group, Mecalux Espana, BEUMER Group, SSI SCHAEFER, Witron, One Network Enterprises |
Other key industry trends
- In terms of revenue, Canada accounted for 11.0% of the global logistics automation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. logistics automation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10,012.7 million by 2030.
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Logistics Automation Market Scope
Logistics Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada logistics automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to logistics automation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 65.9% in 2023. Horizon Databook has segmented the Canada logistics automation market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Attabotics offers logistics automation solutions such as The Studio, an Automated Storage and Retrieval System (AS/RS). AS/RS is built to improve the overall flow of goods and is powered by technologies such as Artificial Intelligence (AI) and Machine Learning (ML).
In November 2022, Sanctuary Cognitive Systems Corporation, a Canada-based general-purpose robot developer, announced that it received funding of USD 22.2 million from the Government of Canada through the Strategic Innovation Fund (SIF).
The company used the funds to address the labor shortage by developing robotics and AI technology. Therefore, the growth of the Canadian logistics automation market can be attributed to such favorable government initiatives.
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Our clientele includes a mix of logistics automation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada logistics automation market , including forecasts for subscribers. This country databook contains high-level insights into Canada logistics automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada logistics automation market size, by component, 2018-2030 (US$M)
Canada Logistics Automation Market Outlook Share, 2023 & 2030 (US$M)
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