PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608239
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608239
Market Overview
The global in-plant logistics market is projected to generate $12.7 billion in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 10.2% from 2024 to 2030, reaching $22.8 billion by 2030. This growth is driven by the increasing adoption of automation and digitalization within manufacturing facilities, aiming to enhance operational efficiency and reduce costs. Technologies such as mobile robots, automated guided vehicles (AGVs), and real-time location systems (RTLS) are pivotal in streamlining material movement, inventory management, and order fulfillment processes.
Key Insights
The Asia-Pacific region holds the largest market share, attributed to the rapid industrialization and expansion of manufacturing sectors in countries like China and India.
North America is anticipated to exhibit the fastest growth, with a focus on adopting advanced technologies and automation solutions to enhance productivity.
The robots category is expected to dominate the market, driven by the need for efficient material handling and the reduction of human errors in production processes.
The automotive industry is a significant end-user, leveraging in-plant logistics solutions to optimize assembly lines and supply chain operations.
The integration of artificial intelligence (AI) and the Internet of Things (IoT) is enhancing predictive maintenance and real-time decision-making capabilities within in-plant logistics systems.
The emphasis on green logistics and sustainability is leading companies to adopt eco-friendly practices, such as using AGVs and optimizing routes to reduce fuel consumption and emissions.
The market is fragmented, with numerous players focusing on technological innovations and strategic partnerships to gain a competitive edge.
The increasing focus on workplace safety is driving the adoption of automated in-plant logistics solutions to minimize human intervention and reduce the risk of injuries.