In-Plant Logistics Market Growth Continues, Projected to Hit USD 19.5 Billion by 2028

From a projected size of USD 12.3 billion in 2023, the In-Plant Logistics Market is anticipated to rise at a CAGR of 9.7% to reach USD 19.5 billion by 2028.

Pune, 23/08/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The In-Plant Logistics Market is projected to grow significantly, reaching USD 19.5 billion by 2028, up from USD 12.3 billion in 2023, at a robust CAGR of 9.7% during the forecast period. This growth is driven by the increasing adoption of automation and advanced technologies within manufacturing facilities to enhance efficiency and reduce operational costs.

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Key products such as robots, Automated Storage and Retrieval Systems (ASRS), conveyors, and sortation systems are increasingly being utilized across various industries to streamline material handling processes. Additionally, the integration of Warehouse Management Systems (WMS) and Real-Time Location Systems (RTLS) is further optimizing logistics operations by providing precise tracking and management of inventory. The demand for these technologies is particularly strong in critical areas like receiving and delivery docks, assembly/production lines, storage facilities, and packaging workstations, where efficiency and accuracy are paramount.

The rapid growth of the in-plant logistics market is primarily driven by the increasing adoption of advanced technologies and automation within manufacturing facilities. Industries are progressively embracing innovative solutions such as robotics, real-time tracking systems, and automated material handling equipment to optimize internal logistics processes. These technologies significantly enhance operational efficiency, minimize manual errors, and enable real-time monitoring of material flow, effectively addressing the complexities of modern supply chain management. This tech-driven transformation not only boosts productivity but also leads to substantial cost savings, making the integration of cutting-edge in-plant logistics solutions essential for industries aiming to remain competitive and agile in today's fast-paced business environment.

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The assembly/production lines segment is expected to account for the largest share of the in-plant logistics market based on location during the forecast period.

The assembly and production lines segment is crucial in manufacturing processes across various industries, serving as the core operational zones within a facility. Efficient in-plant logistics are essential for ensuring the seamless movement of materials, components, and finished products along these lines. The demand for advanced logistics solutions is particularly high in this segment, driven by the need for precision, speed, and flexibility in managing diverse production requirements. The integration of automated guided vehicles (AGVs), conveyor systems, and robotic technologies within assembly and production lines is anticipated to reinforce the dominance of this segment, underscoring the industry's focus on enhancing productivity and maintaining a competitive edge.

The metals & heavy machinery industry is projected to account for the second-largest share of the in-plant logistics market during the forecast period.

The Metal and Heavy Machinery industry is a dominant force in the in-plant logistics market due to the unique demands of handling and moving large, heavy materials and components. Manufacturing processes within this sector require specialized logistics solutions for the efficient transportation of raw materials, intermediate products, and finished goods. Cranes, automated material handling systems, and advanced tracking technologies are vital for ensuring precise and safe movement of heavy loads. The industry's strict safety regulations make the adoption of advanced in-plant logistics technologies essential not just for efficiency but also for regulatory compliance. This emphasis on precision, safety, and operational efficiency positions the Metal and Heavy Machinery sector at the forefront of driving innovation and leading the in-plant logistics market.

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Asia Pacific is expected to register the highest CAGR during the forecast period.

Asia Pacific is set to experience the highest growth in the in-plant logistics market, driven by its dynamic industrial landscape. As a manufacturing powerhouse, the region is home to diverse industries, including automotive, electronics, textiles, and heavy machinery. Rapid industrialization and increased foreign direct investment have led to the expansion of manufacturing facilities, creating a surge in demand for efficient in-plant logistics solutions. The adoption of advanced technologies and automation is also accelerating in Asia Pacific, fueled by the need for enhanced productivity and cost-effectiveness. As a critical player in global supply chains, the region's focus on optimizing internal logistics processes to meet rising production demands positions Asia Pacific as a leading contributor to the market's growth, solidifying its status as a dominant force in the global in-plant logistics market.

The report profiles key players such as Daifuku Co., Ltd. (Japan), JBT (US), KION GROUP AG (Germany), KUKA AG (Germany), and Toyota Industries Corporation (Japan).

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