In-Plant Logistics Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

In-plant logistics refers to the process or management of movement of raw materials, machinery, unfinished and finished goods within a manufacturing or production facility.  It involves activities like handling and storage of goods from receiving the raw materials to making of finished products with the help of conveyor systems, forklifts, racking systems, automated guided vehicles, storage and retrieval systems etc.

MARKET OVERVIEW

The In-plant logistics market is estimated to be worth USD 12.3 billion in 2023 and projected to reach USD 19.5 billion by 2030 at a CAGR 9.7% due to the cutting-edge technology advancements and adaptation of robotics and rapid industrialization.

GROWTH DRIVERS

Increasing automation of manufacturing facilities for less human intervention and more operational efficiency using solutions like automated storage and retrieval systems, racking systems, conveyor systems etc. within the plants to increase productivity, to meet the fulfillment deadlines remain competitive in market. Growth of e-commerce and Omni channel shopping is driving the need for automated sorting systems, picking solutions and handling tools to meet the demands of online shopping individuals.

In plants where harmful chemicals or bulky goods are involved, to ensure the workplace safety and regulations lifting devices like cranes becomes necessary to install. Growing awareness and benefits of in-plants logistics solutions is compelling the need to install the equipment.

MARKET SEGMENTATION:

·         By Product type – Automated Storage and Retrieval System, Cranes, Conveyors, Sortation System, Automated Guided Vehicles.

·         By Location – Production Lines and Storage Units

·         By Industry – Automobiles, Healthcare, Food and Beverages, Metals and Heavy Machinery, Electronics.

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

In-Plant Logistics Market by Product Type Segment Review:

AS/RS are automated storage and retrieval systems used for storing and retrieving the goods from the storage location helping in the efficiency of storage space utilization and minimizing human intervention which will take more time. Sortation systems are used for sorting or differentiating items based on categorized segments like size, color, weight etc.

which is very useful in navigating the product. Cranes are commonly used in manufacturing plants for performing heavy load tasks like loading and unloading between storage locations. Automated guided vehicles are equipped with sensors and cameras to navigate through the environment and perform handling and stacking tasks.

In-Plant Logistics Market by Location Segment Review:

The in-plant logistic ensures the timely flow of materials and components along the production lines facilitating smooth work in progress between different stages of production line, solutions such as conveyer systems and handling plays a crucial role in it. Storage units and warehouses require efficient solutions for managing the inventory and maximizing the storage space utilization, storage and stacking systems ensures easy and accurate access of inventory control. Each location inside the plant has specific needs and challenges and providing appropriate in-plant logistics solutions optimizes efficiency, minimizing buffer time ad enhance productivity.

In-Plant Logistics Market by Industry Analysis:

In-plant logistics are universally applicable across various industries contributing to improved and smooth operation with reduced costs and efficient performance whether it be metals/heavy machinery and automobiles industry for managing the movement of parts and components and further assembling of parts, healthcare sector for managing storage and retrieval of medical supplies with reducing search times and minimizing errors, in food and beverages plants stacking with the streamline packaging process. In electronics, handling assists in safe loading and unloading of fragile materials.

In-Plant Logistics Market by Regional Analysis:

In Asia Pacific, China is exceptional in manufacturing and production which leds to increased investments in advanced and automated in-plant logistics solutions. America has a big e-commerce influence that requires smart in-plant inventory logistics solutions. Europe has big market for clothing and furniture which requires inventory and storage and there in-plant logistics is a must for smooth and efficient operations. Middle East and Africa is the growing market for in-plant logistics market because of the infrastructure development and industrial projects.

Key Challenges:

The major concern about the in-plants logistics is the space constraints, many manufacturing plants have small operational space and logistics solution requires space, resulting in accommodation problem. The in-plants logistics are already costly and requires timely maintenance for efficient and smooth workflow which is an additional cost for the companies.

Competitive Landscape:

Companies are investing in research and development to innovate new technologies to that are more efficient, productive and easy to operate and companies try to bring products that require minimal maintenance. Companies offering customized solutions tailoring specific needs and requirements of the clients. Superior customer service and support are essential for long term relationships, on-time delivery of the product demonstrate reliability and trust, which are beneficial in competitive markets.

Global Key Players:

·         Daifuku

·         KION group

·         JBT

·         KUKA AG

·         DB Schenker

·         BLG Logistics

·         Genex Logistics