With 9.7% CAGR, In-Plant Logistics Market Growth to Surpass USD 19.5 billion

The in-plant logistics market is estimated to be worth USD 12.3 billion in 2023 and is projected to reach USD 19.5 billion by 2028 at a CAGR of 9.7% during the forecast period. The in-plant logistics market is primarily driven by the imperative for heightened operational efficiency and streamlined material handling within manufacturing facilities. With a growing emphasis on cost optimization and process improvement, companies are increasingly investing in advanced in-plant logistics solutions. The integration of cutting-edge technologies, including automation, real-time tracking, and RFID systems, plays a pivotal role in meeting the demands for precision and visibility in material flow.

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In-plant logistics refers to the comprehensive management and optimization of material flow, storage, and distribution processes within a manufacturing facility or industrial setting. It encompasses a range of activities aimed at enhancing the efficiency and effectiveness of internal logistics, including the movement of raw materials, components, and finished products. In-plant logistics involves strategic planning, coordination, and the integration of advanced technologies such as automation and real-time tracking systems to ensure a seamless and streamlined flow of materials within the confines of a production facility. The primary objective is to minimize operational costs, reduce lead times, and improve overall productivity by systematically managing the movement and storage of goods within the manufacturing environment.

The cranes segment accounted for the largest share in product segmentation of the in-plant logistics market in 2022. Cranes play a pivotal role in material handling within manufacturing facilities, facilitating the efficient movement of heavy loads and components throughout the production process. Their versatility and ability to navigate various working environments make them indispensable for lifting, positioning, and transporting materials, contributing significantly to the optimization of in-plant logistics. Industries across diverse sectors, including automotive, aerospace, and manufacturing, rely on cranes to enhance operational efficiency and ensure a smooth flow of materials, thereby solidifying the crane segment's prominence within the in-plant logistics market.

The automotive industry is one of the major industries that dominates the in-plant logistics market during the forecast period. In automotive production, the timely and efficient movement of raw materials, components, and finished products is critical to maintaining high productivity levels and meeting stringent production schedules. As the automotive sector increasingly adopts advanced technologies such as robotics and automation, the demand for sophisticated in-plant logistics solutions, including automated guided vehicles (AGVs), conveyor systems, and robotic arms, has surged. This reliance on precision and automation in material flow positions the automotive industry at the forefront of driving innovation and growth in the in-plant logistics market, setting a benchmark for other industries with complex manufacturing operations.

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Key players in the market are Daifuku Co., Ltd. (Japan), JBT (US), KION GROUP AG (Germany), KUKA AG (Germany), and Toyota Industries Corporation (Japan). These players are equipped with a comprehensive and diverse product portfolio along with a strong geographic presence. These players focus on developing innovative in-plant logistics techniques owing to the emergence of new application areas in various industries.

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This release was published on openPR.