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Intralogistics Market Size, Share, Growth And Forecast Report 2024 To 2033
Intralogistics Market Size
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According to The Business Research Company's, The intralogistics market size has grown strongly in recent years. It will grow from $58.00 billion in 2023 to $63.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to the introduction of drones in the intralogistics industry, the increasing investment in infrastructure development, the growing popularity of online shopping, the growing adoption in the e-commerce industry, and the purpose of lowering downtime and labor costs.
The intralogistics market size is expected to see strong growth in the next few years. It will grow to $92.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to the adoption of Industry 4.0, the rising need for the overall efficiency and productivity of the supply chain, rising demand for automation, green logistics initiatives, and increasing regulatory pressures and consumer awareness regarding environmental sustainability. Major trends in the forecast period include the development of smart warehouses, advanced technologies, integrating robotics, integrating artificial intelligence (AI), incorporating machine learning, and product innovations.
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Market Drivers and Trends:
The expansion of e-commerce is expected to propel the growth of the intralogistics market going forward. E-commerce refers to the buying and selling goods and services over the internet, encompassing online retail, digital transactions, and electronic business activities. The demand for e-commerce is due to improving consumer convenience, easy accessibility, and social media integration. Intralogistics solutions enhance e-commerce operational efficiency and provide real-time updates on inventory levels, ensuring that e-commerce platforms display accurate stock availability to customers. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, consumer e-commerce constituted 36.3% of the total UK retail market in 2021. Additionally, e-commerce revenue is expected to reach $285.60 billion by 2025, with a growth rate of 12.5%. Therefore, the expansion of e-commerce is driving growth in the intralogistics market.
Major companies operating in the intralogistics market are focused on developing advanced solutions, such as automated systems, to enhance efficiency, reduce operational costs, and improve the speed and accuracy of material handling processes. Automated systems for intralogistics refer to the technology-driven solutions used to manage and optimize the flow of goods and materials within a warehouse, distribution center, or production facility. These systems aim to enhance efficiency, reduce manual labor, and improve accuracy in item handling, storage, and movement. For instance, in May 2024, LexxPluss Inc., a US-based company specializing in smart automation solutions for intralogistics, introduced four automated systems designed to improve intralogistics in the U.S. market. This facilitates collaborative tasks such as calling an elevator, controlling production equipment lines, or fire prevention functions. These products aim to provide U.S. manufacturers of all sizes with greater intralogistics automation, removing barriers to scaling up and integrating with existing equipment.
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Major Key Players of the Market:
DHL Group, Honeywell International Inc., DSV A/S, Daifuku Co. Ltd, Dematic Corporation, SSI Schaefer Group, Fives Group, Mecalux S.A., KNAPP AG, Beckhoff Automation GmbH & Co. KG, Kardex Group, Witron, Fortna Inc., Stow Group, Bastian Solutions LLC, System Logistics S.p.A, Locus Robotics Corporation, Element Logic Ltd., XNG Automation Solutions Pvt. Ltd., GEBHARDT Intralogistics Group GmbH & Co. KG
Intralogistics Market 2024 Key Insights:
• The intralogistics market size is expected to see strong growth in the next few years. It will grow to $92.52 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
• Rising E-Commerce Drives Expansion In The Intralogistics Market With Enhancing Convenience, Efficiency, And Consumer Experience
• Leading Companies In The Intralogistics Market Drive Innovation With Advanced Automated Systems To Boost Efficiency And Operational Excellence
• North America was the largest region in the intralogistics market in 2023
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