Europe Intralogistics Market is expected to reach USD 44.03 billion by 2030

Increased use of industry 4.0 and presence of key market players are driving up demand for the Europe Intralogistics market during the forecast period

Europe Intralogistics Market was valued at USD 16.40 billion in 2022, and is predicted to reach USD 44.03 billion by 2030, with a CAGR of 13.07% from 2023 to 2030, according to new research by Next Move Strategy Consulting. Europe stands out as one of the leading regions in adopting industrial automation. The anticipated continuous growth in the intralogistics market in Europe can be attributed to factors such as the widespread adoption of Industry 4.0 and the expanding e-commerce sector in the region. The integration of Industry 4.0 is transforming intralogistics, enhancing its intelligence, connectivity, and overall effectiveness.

Systems used for intralogistics can now interact with one another and exchange data in real time thanks to IoT sensors and other connected devices. As a result, companies will gain better visibility into their operation and base their decisions on real-time data. However, the substantial initial expenses associated with implementing intralogistics systems pose a significant barrier to widespread adoption, potentially limiting market opportunities for these systems. Generally, integrating intralogistics systems demands considerable financial commitments in technology and infrastructure, encompassing specialized equipment, software, and hardware. Additionally, there are costs associated with installation and ongoing maintenance.

For certain organizations, particularly small and medium-sized enterprises (SMEs) with limited resources for such investments, the high upfront cost may prove to be a hindrance. The overall cost of intralogistics systems can be influenced by factors such as the scale and complexity of operations, the required level of customization, and the extent of desired automation. Consequently, some businesses might opt for more economical but less efficient alternatives, hindering the broader growth and adoption of intralogistics systems in the market.

On the other hand, the introduction of drones in intralogistics has the potential to create significant growth opportunities for businesses that rely on efficient supply chain operations. Drones, also known as unmanned aerial vehicles (UAVs), are being used in intralogistics to automate a range of tasks, including inventory management, order picking, and delivery.

Businesses may increase the accuracy and speed of their operations while cutting the time and expense of manual labour and transportation by utilising drone technology. Drones can also increase the flexibility and scalability of intralogistics, allowing businesses to quickly adjust to fluctuations in demand.

Moreover, drones can improve efficiency and reduce the risk of accidents or injuries for workers who might otherwise need to use ladders or other equipment to access these areas. In addition, drones can gather information on inventory levels, product quality, and other key metrics, providing businesses with valuable insights into their operations by using sensors and cameras. This data can be used to optimize processes, improve forecasting, and reduce waste, leading to cost savings and improved efficiency. All these above-mentioned factors are expected to create growth opportunities for the intralogistics market in the near future.

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According to the report, leading players in the Europe Intralogistics market include Daifuku Co. Ltd., Jungheinrich AG, Kion Group AG, Honeywell International Inc., Midea Group, Vanderlande Industries B.V., SSI Schaefer AG, KNAPP AG, Beumer Group Gmbh and Co. KG, Autostore.

Key Insights from the Europe Intralogistics Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Europe Intralogistics market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the Europe Intralogistics market is provided in the report along with their competitive analysis.

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