In-Plant Logistics Market Size

In-Plant Logistics Market Future Prospects

The in-plant logistics market will generate an estimated revenue of USD 12.7 billion in 2024 and is projected to grow at a CAGR of 10.2% from 2024 to 2030, reaching USD 22.8 billion by 2030.

Automation stands as a significant driver for market growth, with various automated systems, such as mobile robots and guided vehicles, playing pivotal roles in material movement, inventory management, and order picking. These advancements lead to heightened accuracy and speed in operations.

Additionally, the growing demand for digitalization and automation also contributes to the market. Several smart factories are using advanced and hi-tech solutions such as AI, big data analytics, and IoT to enhance internal processes.

Moreover, with the growing concern for the environment, the market is focusing on green logistics and sustainability. Several companies are lowering the number of harmful gases in their plants by adopting eco-friendly practices, such as automated guided vehicles (AGVs) and enhanced route optimization for reduced fuel consumption, resulting in significant market growth.

Furthermore, this approach has a significant role in increasing workplace safety. In-plant logistics leverages advanced technologies, such as AI and IoT, to automate management processes, thereby reducing the risk of injuries and mishaps for companies.