What Is The Current and Historic Market Size Analysis Of The Intralogistics Market?
The intralogistics market has seen considerable growth due to a variety of factors.
• The size of the intralogistics market has seen a rapid expansion in recent times. The market, at $63.48 billion in 2024, will inflate to $69.92 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 10.1%.
The phenomenal growth during the past years can be linked to the introduction of drones into the intralogistics field, increased spending on infrastructure advancement, a surge in online shopping popularity, its increasing use in e-commerce, and an objective to reduce downtime and labor expenses.
What Is The Forecast For The Intralogistics Market Size?
The intralogistics market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next few years, the intralogistics market is anticipated to experience robust growth, anticipated to expand to $101.46 billion in 2029 with a 9.8% Compound Annual Growth Rate (CAGR). The projected expansion in this period can be attributed to factors like the implementation of Industry 4.0, the growing emphasis on enhancing the efficiency and productivity of supply chains, the surge in demand for automation, initiatives for green logistics, and increased regulatory pressures and consumer consciousness about environmental sustainability. The forecast period is likely to witness trends such as the emergence of smart warehouses, advancements in technologies, the incorporation of robotics and artificial intelligence (AI), the inclusion of machine learning, and product innovation.
What Are The Essential Drivers Behind The Growth Of The Intralogistics Market?
The growth of the intralogistics market is projected to be fueled by the burgeoning e-commerce industry. E-commerce, which encompasses the online trading of goods and services, has been driven by enhanced consumer convenience, accessibility, and social media integration. By providing real-time updates on inventory levels, intralogistics is instrumental in boosting the operational efficiency of e-commerce, and ensuring that platforms can accurately showcase product availability to their clientele. For example, the International Trade Administration - a government agency in the United States - revealed in November 2023 that e-commerce accounted for 36.3% of the UK's total retail market in 2021. It's also anticipated that e-commerce revenue will surge to $285.60 billion by 2025, exhibiting a growth rate of 12.5%. Thereby, the flourishing e-commerce industry is acting a dominant force propelling the growth of the intralogistics market.
How Is The Global Intralogistics Market Divided Into Key Segments?
The intralogisticsmarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Mode Of Transport: Railway, Airways, Roadways, Waterways
3) By End User: Retail And Consumer Goods, Industrial Products, Food And Beverage, Automotive, Chemicals, Other End-Users
Subsegment:
1) By Hardware: Automated Guided Vehicles (AGVs), Conveyor Systems, Robotics and Automation Equipment, Storage and Racking Systems
2) By Software: Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Inventory Management Software, Fleet Management Software
3) By Services: Consulting Services, Installation and Integration Services, Maintenance and Support Services, Training and Development Services
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What Trends Are Reshaping The Future Of The Intralogistics Market?
Major enterprises in the intralogistics market are striving to produce state-of-the-art solutions, including automated systems, to enhance effectiveness, lower operational expenses and boost the speed and precision of material handling processes. In the context of intralogistics, automated systems refer to tech-driven solutions utilized for managing and optimizing the distribution of goods and materials within a storage facility, distribution hub, or production location. The objective of these systems is to augment efficiency, minimize manual labor, and improve precision in handling, storing, and transferring items. For example, LexxPluss Inc., a firm based in the U.S. specializing in intelligent automation solutions for intralogistics, launched four automated systems in May 2024 to enhance intralogistics in the U.S. market. They promote cooperative tasks such as summoning an elevator, managing production line equipment, or preventing fires. The aim of these products is to offer U.S. manufacturers of all sizes greater automation in intralogistics, eliminating obstacles to expand and integrate with existing equipment.
Who Are the Key Players In The Intralogistics Market?
Major companies operating in the intralogistics market are:
• 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
What Are The Regional Insights Into The Intralogistics Market?
North America was the largest region in the intralogistics market in 2024. The regions covered in the intralogistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
