Press release
Global Intralogistics Market Is Anticipated To Add 4.2x Value To Its Market By 2030
Global Intralogistics Industry Current and Future OutlookThe global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
However, with the relaxations in the government regulations and an expedited vaccination drive in countries like China, the U.S., the UK, and India, the Intralogistics Market industry is slowly picking up its pace. The manufacturers are preparing to reopen their production sites, abiding by the government regulations.
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Key Segments Covered in the Intralogistics Industry Survey
Intralogistics Market by Component :
Intralogistics Hardware
Automated Storage and Retrieval Systems (AS/RS)
Unit-Load
Fixed-aisle Cranes
Moveable-aisle Cranes
Mini-Load
AS/RS Cranes
AS/RS Shuttles
Automated Guided Vehicles (AGVs)
Conveyor Systems
Horizontal Carousels
Vertical Carousels
Vertical Lift Modules (VLMs)
Sorting Systems
Industrial Robots
Others
Intralogistics Software
Intralogistics Services
Intralogistics Market by End Use :
Logistics
Food & Beverages
Retail & e-Commerce
Airports
Automotive
Chemicals
Industrial Manufacturing
Other End Uses
Intralogistics Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
The Middle East & Africa
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Energy Consumption in the US is Leading to High Adoption of Intralogistics Market Systems
The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Intralogistics Market industry negatively.
However, the development in the Intralogistics Market industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Intralogistics Market systems in the region.
Prominent players in the Intralogistics Market industry such as Honeywell Int., and new entrants such as Apple and Google NEST are also focusing on residential construction projects to bring more innovation and comfort to the residents. Such new strategies are helping the Intralogistics Market industry gradually recover from the blow of the pandemic.
Competitive Landscape
Prominent Intralogistics providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
In October 2020, Interrol launched the new high-performance Crossbelt Sorter MX 025H, possessing the capability of handling up to 20,000 conveyed goods per hour
In July 2019, Cimcorp, a subsidiary of Murata Machinery, partnered with Conveyor Networks Ltd. to target the U.K. distribution market. This partnership has assisted in driving sales and improving support for Cimcorp's robotic solutions in the United Kingdom.
In September 2019, in response to growing demand in the Vietnamese market, Daifuku Intralogistics Vietnam is managing local sales, installation, and aftersales services of material handling systems for the manufacturing and distribution sectors, through its newly established Vietnamese subsidiary.
Technological Advancements are Leading Innovations in the Intralogistics Market in China
China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations.
Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Intralogistics Market industry in China. The growing interest in billboard automation and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.
India is Experiencing High Adoption of Intralogistics Market Systems
The Indian Intralogistics Market industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice.
With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Intralogistics Market industry negatively, affecting the overall growth of the industry.
Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.
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Key Long-Term Trends
The global Intralogistics Market industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Intralogistics Market industry will show an upward trend. Some new trends that are boosting the growth in the market are:
Internet of Things (IoT)
The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Intralogistics Market industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.
Edge Computing
As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Intralogistics Market industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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