The Global In-Plant Logistics Market size is expected to reach $24.5 billion by 2030, rising at a market growth of 10.4% CAGR during the forecast period.
Automated storage & retrieval system are expected to be increasingly vital in optimizing these logistics operations as technology advances. Therefore, the automated storage & retrieval system segment captured $1,485.4 million revenue in the market in 2022. The market is witnessing a rise in demand for automated storage & retrieval systems due to their capacity to optimize space utilization, enhance efficiency, optimize inventory management, and cater to the changing requirements of contemporary manufacturing and logistics settings. Some of the factors impacting the market are Rising demand for the solutions in various industries, Growing need for supply chain optimization and High cost of deployment and maintenance.
An increasing number of industries significantly emphasize the market, which is emerging as a vital growth driver. The growing dependence on streamlined and effective supply chain operations in manufacturing facilities is a significant driver behind the increased demand for the solutions. Automotive, pharmaceutical, electronic, and consumer products sectors are beginning to understand the importance of optimizing internal logistics to increase output and decrease operational expenses. The increasing need for supply chain optimization is a response to the evolving dynamics of modern business environments. Globalization has expanded supply chains across borders, leading to increased complexity and the need for more efficient coordination. Thus, the increasing need for supply chain optimization is driving the demand for more advanced and integrated solutions. Companies are seeking ways to optimize their internal operations to better align with their broader supply chain strategies, improve flexibility and agility, and enhance visibility and control. This trend is leading to increased investment in technologies and processes that can enable more efficient and responsive operations, driving the growth of the market.
However, due to the high expenses associated with implementing and maintaining complex logistics systems, the market is severely constrained. Implementing sophisticated technologies, including robotics, automation, and cutting-edge warehouse management systems, may necessitate a significant initial investment. The continuous expenditures associated with system maintenance and enhancements and the initial deployment costs augment the overall financial strain on organizations implementing the logistics solutions. In light of the perpetual advancement of technology, organizations might encounter the necessity for frequent enhancements and updates to sustain competitiveness and conform to industry norms. Therefore, the high cost and maintenance of the logistics systems are hampering the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
On the basis of location, the market is segmented into assembly/production lines, storage facilities, packaging workstations, and others. In 2022, the assembly/production lines segment registered the highest revenue share in the market. The rising demand for assembly/production lines is fueled by the necessity for streamlined, efficient, and technologically advanced manufacturing processes. Organizations strive to maximize the efficiency of their production processes to sustain competitiveness, adapt to evolving market needs, and ensure the timely and economical delivery of superior-quality products.
Based on product, the market is divided into robots, automated storage & retrieval system, conveyors & sortation systems, cranes, automated guided vehicles, warehouse management system, and others. The conveyors & sortation segment attained a significant revenue share in the market in 2022. The demand for conveyors & sortation systems continues to grow due to its integral role in optimizing material handling, streamlining operations, and enhancing efficiency within manufacturing plants, warehouses, and distribution centers. The demand for conveyors and sortation systems in the market is driven by their ability to enhance operational efficiency, improve throughput, adapt to changing logistics needs, and contribute to optimizing material handling processes within industrial facilities.
Based on application, the market is categorized into automotive, metal & heavy machinery, food & beverages, healthcare, semiconductor & electronics, aviation, and others. The semiconductor & electronics segment witnessed a substantial revenue share in the market in 2022. The semiconductor & electronics sector enforces rigorous standards regarding the hygiene and manipulation of critical elements, including circuit boards, wafers, and final electronic devices. Product damage-causing hazards such as electrostatic discharge, particle contamination, and vibration are mitigated through these logistics. Thus, the increasing semiconductor industry is propelling the growth of the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 11.2 Billion |
| Market size forecast in 2030 | USD 24.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 10.4% from 2023 to 2030 |
| Number of Pages | 319 |
| Number of Table | 440 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Location, Application, Region |
| Country scope |
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| Companies Included | JBT Corporation, KION GROUP AG, Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, SSI Schaefer Group, Murata Machinery, Ltd., BEUMER Group GmbH & Co. KG, Honeywell International, Inc., Daifuku Co., Limited and Kuka AG (Midea Group Co., Ltd.) |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region witnessed the maximum revenue share in the market. The expansion can be linked to the proliferation of the manufacturing industry in the region and a transition towards supply chain models that are more structured and effective. Developed nations with substantial populations, such as India and China, spearhead this expansion by capitalizing on their formidable manufacturing capacities and investing in industrial automation to enhance efficiency and decrease expenditures. Additionally, expanding the region's e-commerce sector stimulates the implementation of advanced systems.
Free Valuable Insights: Global In-Plant Logistics Market size to reach USD 24.5 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include JBT Corporation, KION GROUP AG, Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, SSI Schaefer Group, Murata Machinery, Ltd., BEUMER Group GmbH & Co. KG, Honeywell International, Inc., Daifuku Co., Limited and Kuka AG (Midea Group Co., Ltd.)
By Location
By Product
By Application
By Geography
The Market size is projected to reach USD $24.5 billion by 2030.
Growing need for supply chain optimization are driving the Market in coming years, however, High cost of deployment and maintenance restraints the growth of the Market.
JBT Corporation, KION GROUP AG, Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, SSI Schaefer Group, Murata Machinery, Ltd., BEUMER Group GmbH & Co. KG, Honeywell International, Inc., Daifuku Co., Limited and Kuka AG (Midea Group Co., Ltd.)
The expected CAGR of this Market is 10.4% from 2023 to 2030.
The Cranes segment is leading the Market by Product in 2022; thereby, achieving a market value of $8.4 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.6 billion by 2030.
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