UK Logistics Automation Market Size & Outlook, 2023-2030
UK logistics automation market, 2018-2030 (US$M)
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UK logistics automation market highlights
- The UK logistics automation market generated a revenue of USD 1,238.5 million in 2023 and is expected to reach USD 3,537.0 million by 2030.
- The UK market is expected to grow at a CAGR of 16.2% 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 1,238.5 million |
| Market revenue in 2030 | USD 3,537.0 million |
| Growth rate | 16.2% (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, UK accounted for 3.6% 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 Europe, Germany logistics automation market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 3,537.0 million by 2030.
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Logistics Automation Market Scope
Logistics Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 66.25% in 2023. Horizon Databook has segmented the UK logistics automation market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. has a well-developed technological infrastructure and a significant adoption of smartphones and the internet. According to GSM Association (GSMA), in 2021, the smartphone penetration in the U.K. was accounted for 86%.
Businesses concerned about staff availability are among the leading adopters of automation systems. Logistics automation solutions such as AGVs and AMRs can address labor shortage challenges for businesses.
Therefore, the labor shortage in the country is driving the adoption of automation systems, which is subsequently favoring the growth of the logistics automation market in the U.K.
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Target buyers of UK logistics automation market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK logistics automation market , including forecasts for subscribers. This country databook contains high-level insights into UK logistics automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK logistics automation market size, by component, 2018-2030 (US$M)
UK Logistics Automation Market Outlook Share, 2023 & 2030 (US$M)
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