In-Plant Logistics Market is expected to reach USD 22.5 billion by 2034

 

The market for in-plant logistics market is expected to be valued at USD 12.8 billion in 2024 and grow at a compound annual growth rate (CAGR) of 12.7% to reach USD 22.5 billion by 2034 as a result of growing industrialization, robotics adoption, and cutting-edge technological improvements.

The movement of machinery, raw materials, and completed and unfinished commodities within a manufacturing or production facility is referred to as "in-plant logistics." From receiving raw materials to creating final products, it entails handling and storing commodities with the aid of automated guided vehicles, racking systems, conveyor systems, forklifts, storage and retrieval systems, etc.

 

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GROWTH DRIVERS

Utilizing automated storage and retrieval systems, racking systems, conveyor systems, and other solutions within the plants to boost productivity, meet fulfillment deadlines, and maintain market competitiveness will increase the automation of manufacturing facilities for less human intervention and more operational efficiency. In order to satisfy the needs of online shoppers, the growth of e-commerce and omnichannel shopping is increasing the demand for automated sorting systems, picking solutions, and handling tools.

Cranes and other lifting equipment must be installed in plants that handle hazardous chemicals or heavy cargo in order to maintain worker safety and legal requirements. The demand to install the equipment is being driven by the growing benefits and awareness of in-plant logistics solutions.

MARKET SEGMENTATION:

·         By Product type – Automated Storage and Retrieval System, Cranes, Conveyors, Sortation System, Automated Guided Vehicles.

·         By Location – Production Lines and Storage Units

·         By Industry – Automobiles, Healthcare, Food and Beverages, Metals and Heavy Machinery, Electronics.

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Global Key Players:

·         Daifuku

·         KION group

·         JBT

·         KUKA AG

·         DB Schenker

·         BLG Logistics

·         Genex Logistics

 

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