Global Intralogistics Market is expected to reach USD 115.92 billion by 2030

The adoption of Industry 4.0 has significantly impacted the intralogistics industry by enhancing the overall efficiency and productivity of the supply chain.

According to a new research report by Next Move Strategy Consulting, the global intralogistics market was valued at USD 43.13 billion in 2023, and is expected to reach USD 115.92 billion by 2030, with a CAGR of 15.0% during the forecast period.

Industry 4.0 revolves around integrating advanced technologies like artificial intelligence, the internet of things (IoT), big data, and robotics to create a more interconnected and automated system. The intralogistics sector has experienced substantial growth due to the advancements brought about by these technologies.

Notably, the integration of Industry 4.0 technologies has given rise to smart warehouses, characterized by high automation and connectivity. Despite the evident benefits, it's noteworthy that more than 80% of warehouses currently lack automation capabilities. This underscores the potential for further growth and adoption of Industry 4.0 technologies in the intralogistics sector.

Moreover, the integration of robotics in the intralogistics industry has led to increased productivity, enhanced accuracy, and reduced operational costs. The real-time data gathering and analysis made possible by Industry 4.0 technologies have improved decision-making and enabled more accurate estimation of demand and inventory levels.

Additionally, the growing adoption in the e-commerce industry has led to the rise in online retail, which has significantly increased the demand for efficient intralogistics operations. As projected by Forbes in February 2023, the percentage of retail purchases occurring online is expected to rise from 20.8% in 2023 to 24% by 2026.

This surge in e-commerce has led to increased order volumes, faster turnaround times, and the need for a diverse range of products. Consequently, the logistics industry has adapted by investing in technologies such as automation, robotics, and artificial intelligence.

Furthermore, The rising usage of Automated Storage and Retrieval Systems (ASRS) in manufacturing has further fueled the demand for intralogistics. ASRS technology, including Vertical Lift Modules (VLMs), Automated Guided Vehicles (AGVs), and shuttle systems, reduces the reliance on manual labor, increases storage capacity, and enhances supply chain effectiveness.

In January 2023, Exotec expanded its product portfolio with innovative solutions, including a new conveyor system, an improved picking solution, and new proprietary warehouse software, catering to the demand for efficient, scalable, and modular warehouses. As the trend towards automation in manufacturing continues, the demand for intralogistics is poised to rise, presenting new opportunities for logistics companies to offer value-added services to their clients.

The high installation cost of intralogistics systems stands as a considerable restraint, potentially dimming the market prospects for these advanced systems. Intralogistics systems demand substantial investments in technology and infrastructure, encompassing specialized equipment, software, hardware, and the associated costs of installation and maintenance. This financial commitment may pose a significant challenge for organizations, particularly small and medium-sized enterprises (SMEs) with limited resources.

The varying factors affecting the overall cost of intralogistics systems include the scale and complexity of operations, the need for customization, and the desired level of automation. Consequently, some businesses may opt for less expensive and potentially less efficient alternatives, hampering the broader adoption and growth of intralogistics systems within the market.

On the contrary, the introduction of drones presents a promising avenue for future market prospects. Drones, also known as unmanned aerial vehicles (UAVs), are being increasingly integrated into intralogistics to automate various tasks such as inventory management, order picking, and delivery. This technological integration has the potential to bring about substantial growth opportunities for businesses reliant on streamlined supply chain operations.

By leveraging drone technology, businesses can enhance the accuracy and speed of their operations, reducing the time and costs associated with manual labor and transportation. Drones also contribute to the flexibility and scalability of intralogistics, enabling businesses to swiftly adapt to fluctuations in demand.

Request for a sample here: https://www.nextmsc.com/intralogistics-market/request-sample

According to the report, leading market players in the manufacturing of intralogistics include Daifuku Co. Ltd., Jungheinrich AG, Kion Group Ag, Honeywell International Inc., Midea Group, Vanderlande, SSI Schaefer Ag, KNAPP Group, Beumer Group Gmbh and Co. Kg, Autostore, and many more.

Key Insights from the Intralogistics Market Report:

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

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

  • The market share of players in the global intralogistics market, along with their competitive analysis is provided in the report.

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