Press release
In-Plant Logistics Market Poised for Significant Growth, Forecasted to Reach $19.5 Billion by 2028
The in-plant logistics market (or materials handling market) is on a trajectory of substantial growth, with projections indicating a rise from USD 12.3 billion in 2023 to USD 19.5 billion by 2028, representing a noteworthy CAGR of 9.7% during the forecast period.https://www.marketresearchdirect.com/report/in-plant-logistics-market-by-product-robots-asrs-conveyors-sortation-systems-cranes-agvs-wms-rtls-location-receiving-delivery-docks-assembly-production-lines-storage-facilities-packag/
This surge in demand for in-plant logistics solutions is driven by various industries, including manufacturing, automotive, electronics, and more, recognizing the importance of streamlined material flow, efficient inventory management, and optimized production processes to enhance operational efficiency and reduce costs.
Advancements in automation and technology play a pivotal role in shaping the market landscape, with the integration of automated guided vehicles (AGVs), robotics, real-time tracking systems, and sophisticated material handling equipment transforming in-plant logistics, providing unprecedented levels of precision, flexibility, and scalability.
Key Market Insights:
Conveyors & Sortation Systems: Conveyors and sortation systems are anticipated to hold the second-largest share of the in-plant logistics market, offering seamless and automated solutions for transporting goods within manufacturing facilities, distribution centers, and warehouses. These systems play a crucial role in enhancing productivity and overall efficiency by ensuring streamlined and high-speed material flow, accurate sorting, and order processing.
Metals & Heavy Machinery Industry: The Metals and Heavy Machinery industry is poised to hold a significant share of the in-plant logistics market, driven by the production and movement of large and heavy components. Specialized logistics solutions, including overhead cranes, automated material handling systems, and real-time tracking, are essential to ensure the smooth and safe flow of materials within manufacturing facilities, enhancing overall operational efficiency.
European Market Dynamics: Europe is expected to hold the second-largest market share of the in-plant logistics market, driven by the region's commitment to sustainability, stringent quality standards, and proactive adoption of advanced technologies such as automation, robotics, and real-time tracking systems. The European manufacturing landscape places a premium on efficient in-plant logistics to optimize production processes across diverse sectors.
The in-plant logistics market is characterized by the presence of major players such as Daifuku Co., Ltd., JBT, KION GROUP AG, KUKA AG, and Toyota Industries Corporation, who are actively engaged in product development, innovation, and market expansion strategies to maintain their competitive edge.
About the Report:
The comprehensive report segments the in-plant logistics market by product, location, industry, and region, providing insights into drivers, restraints, opportunities, and challenges influencing market growth. It also offers stakeholders valuable information to understand the competitive landscape and plan suitable go-to-market strategies.
https://www.marketresearchdirect.com/report/in-plant-logistics-market-by-product-robots-asrs-conveyors-sortation-systems-cranes-agvs-wms-rtls-location-receiving-delivery-docks-assembly-production-lines-storage-facilities-packag/
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