PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515524
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515524
Asia Pacific In-Plant Logistics Market was valued at USD 5,678.12 million in 2023, expanding at a CAGR of 9.8% from 2024 to 2032.
In-plant logistics pertains to the movement of raw materials, parts, and semi-finished products within a manufacturing plant to transform them into end products. This transfer may take place between storage areas or the assembly line for final product completion. Moreover, in-plant logistics encompasses the management of completed goods post-production. The Asia Pacific In-Plant Logistics Market is witnessing significant expansion as a result of the rising need for effective material handling and storage systems in manufacturing and production sites.
Asia Pacific In-Plant Logistics Market- Market Dynamics
The growing adoption of smart glass in automobiles is expected to drive the growth of the market
Smart glass, with the ability to alter its characteristics like transparency or sort in response to external triggers, is seeing a growing presence in the automotive industry for a variety of uses, such as windows, sunroofs, and rearview mirrors. As carmakers increasingly incorporate smart glass into their vehicles, the need for advanced, efficient, and accurate in-house logistics solutions is expected to surge. In May, China's vehicle production and sales volumes rose by 1.7% year-on-year and 1.5% year-on-year, respectively, as reported by the China Association of Automobile Manufacturers. Moreover, the expanding manufacturing facilities and the adoption of environmentally friendly logistics practices could present growth opportunities for the market. Nevertheless, the high initial investment required may pose a challenge to market expansion.
Asia Pacific In-Plant Logistics Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 9.8% over the forecast period (2024-2032)
Based on Product segmentation, the Robots sector was predicted to show maximum market share in the year 2023
Based on Application segmentation, the automotive sector was the leading type in 2023
Based on Countries, China was the leading revenue generator in 2023
The Asia Pacific In-Plant Logistics Market is segmented based on Location, Product, Application, and Country.
The market is categorized into three groups according to Location: Assembly/Production Lines, Storage Facilities, Packaging Workstations, and Others. The Asia Pacific In-Plant Logistics Market is divided based on different in-plant locations, each having specific needs and solutions. The market is influenced by the necessity to streamline material flow, improve efficiency, and lower operational expenses.
The market is segmented into six categories according to Product: Cranes, Conveyors & Sortation Systems, Automated Storage & Retrieval Systems, Warehouse Management Systems, Automated Guided Vehicles, Robots, and Others. The Robots sector leads the market. The integration of robotics in in-plant logistics is fueled by the necessity to mechanize repetitive duties, enhance material handling, and boost overall operational effectiveness.
The market is segmented into five sectors according to Application: Automotive, Aviation, Food & Beverages, Metals & Heavy Machinery, Semiconductor & Electronics, Healthcare, and Others. The automotive sector holds the largest share of the market. The Asia Pacific In-Plant Logistics Market plays a crucial role in the automotive industry, requiring extremely efficient and accurate logistics solutions to oversee intricate production processes and guarantee punctual component delivery.
Asia Pacific In-Plant Logistics Market- Geographical Insights
The examination of the Asia Pacific In-Plant Logistics market covers nations such as India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the remaining Asia Pacific (APAC) region. China dominates the Asia Pacific In-Plant Logistics Market, primarily because of the expansion of industrial infrastructure throughout Asia Pacific. The rapid industrial growth and urban development in China have resulted in significant investments in manufacturing plants, driving a high need for effective in-plant logistics solutions to enhance production efficiency.
Major players in the Asia Pacific In-Plant Logistics market adopt various strategic approaches to maintain competitiveness. Companies form strategic partnerships with other firms, which can involve collaborations with suppliers, distributors, or even competitors to expand market reach, access new technologies, or streamline operations. Additionally, companies often focus on diversifying their product offerings to cater to a broader range of customer needs and market segments. This diversification may involve introducing new types of plastic pipes, such as high-performance or specialty pipes, or expanding into related product lines such as fittings, valves, or accessories. By implementing these strategic approaches, companies in the Asia Pacific In-Plant Logistics market enhance their competitiveness, adapt to changing market conditions, and also capitalize on emerging opportunities in the industry.
In February 2021, PPS Plastic Pipe Industries Ltd. unveiled its official website, providing customers with a platform to purchase UPVC pipe and fittings products directly. This online presence offers convenience and accessibility, allowing customers to browse through a range of UPVC pipe and fittings options and make purchases from the comfort of their homes or offices. The launch of the website reflects PPS Plastic Pipe Industries' commitment to leveraging digital channels to enhance customer experience and expand its market reach in the plastic pipe industry.
ASIA PACIFIC IN-PLANT LOGISTICS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
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
Kuka AG (Midea Group Co., Ltd.)
ASIA PACIFIC IN-PLANT LOGISTICS MARKET, BY LOCATION - MARKET ANALYSIS, 2019 - 2032
Assembly/Production Lines
Storage Facilities
Packaging Workstations
Others
ASIA PACIFIC IN-PLANT LOGISTICS MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
Cranes
Conveyors & Sortation Systems
Automated Storage & Retrieval System
Warehouse Management System
Automated Guided Vehicles
Robots
Others
ASIA PACIFIC IN-PLANT LOGISTICS MARKET, BY APPLICATION - MARKET ANALYSIS, 2019 - 2032
Automotive
Aviation
Food & Beverages
Metals & Heavy Machinery
Semiconductor & Electronics
Healthcare
Others
ASIA PACIFIC IN-PLANT LOGISTICS MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC