Analysis Predicts In-Plant Logistics Market to Reach $19.5 Billion by 2028

The In-Plant Logistics Market Size is projected to expand from its estimated USD 12.3 billion in 2023 to USD 19.5 billion by 2028 at a compound annual growth rate (CAGR) of 9.7%.

Pune, 01/04/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The In-Plant Logistics Market is expanding rapidly; it is expected to reach a value of USD 19.5 billion by 2028 from an estimated USD 12.3 billion in 2023. This represents an impressive Compound Annual Growth Rate (CAGR) of 9.7% over the course of the forecast period. A number of factors are driving this expansion, such as the growing focus on efficiency and optimisation in industrial facilities, the need for more efficient supply chain operations, and the expanding use of cutting-edge technologies like automation and robotics in logistics procedures. The industry for in-plant logistics is also expanding due to the need for improved inventory management, just-in-time delivery procedures, and affordable transportation options. The in-plant logistics market is expected to experience significant growth in the upcoming years as companies continue to place a high priority on productivity and responsiveness to market needs.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203013862  

Sophisticated in-plant logistics solutions are becoming more and more in demand as businesses look to maximise costs and improve operational efficiency within their manufacturing plants. The aforementioned solutions are designed to enhance the efficiency of material handling, optimise resource utilisation, and streamline internal logistics procedures in the manufacturing setting. Businesses can improve overall operational agility, cut lead times, minimise inventory holding costs, and increase productivity by implementing cutting-edge technologies like automation, robotics, and real-time tracking systems. Moreover, the incorporation of in-plant logistics solutions promotes just-in-time delivery procedures, improves supply chain visibility, and permits smooth coordination amongst different production phases, all of which contribute to increased productivity and economy in manufacturing processes.

The major players in the In-Plant Logistics Market with a significant global presence are Daifuku Co., Ltd. (Japan), JBT (US), KION GROUP AG (Germany), KUKA AG (Germany), and Toyota Industries Corporation (Japan). Companies in the market are dedicating resources to research and development with the aim of improving the effectiveness, adaptability, and scalability of their in-plant logistics solutions to meet the varied needs of industries globally. Furthermore, they are actively seeking partnerships and collaborations with local distributors, integrators, and technology providers in specific regions to solidify their international presence.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=203013862

Prominently involved in a broad range of activities, including design, engineering, manufacture, planning, and consulting for material handling equipment and logistics systems, is Daifuku Co., Ltd. The company offers a wide range of products through five business divisions, and for each one it provides extensive services, such as installation and after-sales support. Daifuku operates in six segments and serves a wide range of industries, including electronics, clean rooms, automobiles, airports, manufacturing and distribution automation, and lifestyle items. Its Intralogistics Business, in particular, is dedicated to delivering in-plant logistics solutions. It offers a range of products, including transport, sorting, picking, and automated storage and retrieval systems (ASRS). These solutions serve a wide range of industries, such as retail, e-commerce, food, pharmaceuticals, transportation, warehousing, and chemicals. They also improve operational efficiency in a variety of sectors by optimising material handling procedures.

John Bean Technologies (JBT) is a well-known provider of technology solutions for the food processing and aviation industries. It operates two separate business segments: JBT FoodTech and JBT AeroTech. JBT's broad range of products, which includes freezer solutions, fruit processing, protein processing, ground support equipment, gate equipment, and airport services, allows it to adapt to the changing demands of its customers in a number of different industries. With over 25 years of industry experience, the JBT FoodTech segment, in particular, is essential in meeting the needs of the in-plant logistics market by providing a wide range of solutions. The company has demonstrated a consistent increase in its ability to supply automated guided vehicles (AGVs), which are an incredibly effective way to streamline material handling procedures in manufacturing facilities. This has further solidified the company's position as a major player in the in-plant logistics industry.

Operating across three unique business segments—Industrial vehicles and Services, Supply Chain Solutions, and Corporate Services—KION GROUP AG is a leading participant in the manufacturing of industrial vehicles, automated material handling (AMH) solutions, and related services. KION GROUP AG extended its capacity to create cutting-edge material handling solutions and solidified its position in the market with the strategic purchase of Dematic in November 2016. Dematic is a well-known worldwide leader in intelligent intralogistics and materials handling solutions. Under a number of well-known brands, such as Linde, STILL, Baoli, Egemin Automation, Fenwick, OM STILL, Dematic, and Voltas, the corporation provides a wide range of goods and services. KION GROUP AG provides cutting-edge in-plant logistics solutions within the Industrial Trucks and Services and Supply Chain Solutions divisions that are specifically designed to satisfy the changing demands of its clientele. Forklift trucks, warehouse technology, and a broad range of associated services are sold here, demonstrating the company's dedication to offering state-of-the-art solutions for smooth and effective material handling operations in manufacturing facilities.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/in-plant-logistics-market-203013862.html  

KUKA AG is a well-known pioneer in the creation of automated production systems, robotics, and complete solutions for a range of sectors. Robotic systems, production equipment, and mobility items designed for use in engineering, medical, and industrial settings are all part of the company's broad portfolio. With operations in five different business segments—China, Swisslog, Healthcare, Robotics, and Systems—KUKA AG provides a broad range of goods and services to satisfy its clients' changing needs. The robotics division focuses on the creation, development, manufacturing, distribution, and maintenance of industrial robots. It also dabbles in the service robotics and healthcare industries. Furthermore, the Swisslog division concentrates on delivering customised automation systems for distribution centres and warehouses to the e-commerce/retail, warehouse logistics, and healthcare industries. Swisslog's Warehouse Distribution Solutions (WDS) segment provides industry-specific solutions along with general contracting, software solutions, implementation, and ongoing support services. This further demonstrates KUKA AG's dedication to promoting efficiency and innovation in a variety of industries.

With its three main business segments—automotive, materials handling equipment, and textile machinery—Toyota Industries Corporation is a well-known producer and distributor of automobiles and industrial gear. Notably, Toyota Industries Corporation has two well-known brands in its Material Handling Equipment segment: TOYOTA and RAYMOND. These brands are well-known for providing excellent materials handling solutions all over the world. Toyota's dedication to advanced logistics solutions was furthered in 2017 with the foundation of Toyota Advanced Logistics Group (TALG), which was made possible by the acquisition of Vanderlande Industries Holding B.V. and Bastian Solutions LLC. Operating under the Toyota Advanced Logistics division, Bastian Solutions makes a name for itself in the market for Automated Storage and Retrieval Systems (ASRS) by providing state-of-the-art system integration solutions. Their extensive product line includes conveyors, sorting, ASRS, automated guided vehicles (AGVs), mobile robots, and goods-to-person technologies. Toyota Industries Corporation's leadership in cutting-edge materials handling solutions is cemented by Bastian Solutions's renowned proficiency in high-speed ASRS integration, which offers effective throughput and sequencing capabilities.

News Covered:

https://www.prnewswire.com/news-releases/in-plant-logistics-market-worth-19-5-billion-by-2028---exclusive-report-by-marketsandmarkets-302011252.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com