PUBLISHER: Grand View Research | PRODUCT CODE: 1493496
PUBLISHER: Grand View Research | PRODUCT CODE: 1493496
The global in-plant logistics market is anticipated to reach USD 23.28 billion by 2030, exhibiting a CAGR of 9.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is fueled by a confluence of factors, making it a key area for manufacturers to focus on.The increasing adoption of advanced technologies like automation, robotics, and real-time tracking systems, which are revolutionizing material flow precision and control within manufacturing facilities. Industries such as automotive, aviation, food & beverages, healthcare, and metals & heavy machinery are leveraging these technologies to enhance operational efficiency and streamline production processes.
Manufacturers are increasingly embracing automation technologies like robots, automated storage and retrieval systems (ASRS), and automated guided vehicles (AGVs) to optimize internal material handling and streamline production processes. Further, real-time location systems (RTLS) and warehouse management systems (WMS) are gaining traction. These solutions provide valuable data on inventory levels, material flow, and equipment performance, enabling data-driven decision-making for improved efficiency. Sustainable practices are also becoming a priority. Optimized logistics processes lead to lower operational costs and increased profitability, further boosting market growth.
However, there are a few challenges that persist in the market. Implementing advanced automation solutions can be expensive. The initial investment costs for robots, ASRS, and other technologies can be a hurdle for some manufacturers. Implementing advanced logistics technologies can pose challenges related to technical complexities and equipment downtime. Hence, the manufacturers need to ensure seamless integration to avoid disruption in operations. Organizational design directly impacts workflow efficiency, emphasizing the need for shorter lead times and streamlined inventory movement. While automation addresses the labor shortage to some extent, operating and maintaining these sophisticated systems requires a skilled workforce.
The global in-plant logistics market is highly competitive, with key players like Honeywell, Daifuku Co., Ltd., SSI Schaefer, Toyota Material Handling Group, and others dominating the industry. These companies offer a wide range of in-plant logistics solutions, including robots, ASRS, conveyors & sortation systems, cranes, AGVs, WMS, and RTLS, catering to various industries such as automotive, aviation, food & beverages, metals & heavy machinery, semiconductor & electronics, healthcare, and more.