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Intralogistics Market

Intralogistics Market

Intralogistics Market Analysis by Component (Hardware, Software, Services), by End Use (Logistics, Food & Beverages, Retail & e-Commerce, Airports, Automotive, Chemicals, Industrial Manufacturing) & by Region- Global Forecast 2022-2032

Intralogistics Market
FACT3446MR

Intralogistics Industry Outlook (2022-2032)

The global Intralogistics market is likely to be valued at US$ 98.18 Billion in FY 2022, up from US$ 85 Billion in 2021. 

During the past year, the industry registered a Y-o-Y increase worth 15.5%. From 2022 to 2032, Intralogistics sales are poised to flourish at a CAGR of 15.5% to reach a value of US$ 415 Billion by the end of 2032.

Report Attributes Details

Anticipated Base Year Value (2021)

US$ 85 Billion

Expected Market Value (2022)

US$ 98.18 Billion

Projected Forecast Value (2032)

US$ 415 Billion

Global Growth Rate (2022-2032)

15.5% CAGR

Growth Rate of the U.S Market (2022-2032)

13.6% CAGR

Expected Market Value of China (2032)

US$ 275 Billion

U.K Market Expansion Rate (2022-2032)

12.4% CAGR

Key Companies Profiled

  • Daifuku Co., Ltd.
  • Interroll
  • Jungheinrich AG
  • KION Group
  • Korber AG
  • Krones AG
  • KUKA Group
  • Material Handling Systems
  • Murata Machineries Ltd.
  • Toyota Industries Corporation

Demand for Intralogistics software will continue to thrive, with a documented CAGR of 15.5% during the futuristic outlook, while demand for Intralogistics in Food & Beverage sector proliferated at a rate of 16% during the same period. The U.S region will dominate the global market, registering a market valuation worth US$ 295 Billion from 2022 to 2032.

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2015 to 2021 Intralogistics Market Revenue Analysis vs. Market Outlook 2022-2032

Over the past half-decade - 2015-to 2021, the global intralogistics market propagated at a resounding CAGR of 14.3%. Digitalization across industries enhanced productivity, and incorporation of the Industrial Internet of Things (IIoT) has been prime bellwethers for growth.

Internal supply chain optimization with the integration of intralogistics within plants is ensuring potential growth of the market. IIoT implementation for increasing productivity of plants by curtailing distances to bridge and lithe material flow is ensuring high growth of the market. By these aforementioned factors, the market is projected to surge ahead at an impressive CAGR of 15.5% over the forecast period.

Intralogistics market forecast by Fact.MR

Key Drivers Stimulating Intralogistics Industry Expansion

The Benefits of Using Automated Storage and Retrieval Systems in Manufacturing Processes

Automated storage and retrieval systems, formerly known as ASRS, are distinct computer-controlled systems that can automatically place and retrieve loads from desired storage locations with accuracy, speed, and precision.

ASRS provides several benefits when deployed in a manufacturing facility. To start with, these systems increase overall throughput and accuracy levels to 99.9%. Also, ASRS saves 85% of uncovered floor space and increases overall labor productivity to nearly 80%. They also provide real-time inventory control benefits. 

Also, heavy migration of user-generated data is now moving to the cloud, which is further bolstering the use of ASRS. Further, automated storage and retrieval systems are used in a myriad of industries such as automotive, F&B, hazmat, e-Commerce, and pharmaceuticals, to name a few. As such, the aforesaid factors posit immense benefits of ASRS used in intralogistics.

Efficient Deployment of IIoT Will Augment the Market Utility

The Industrial Internet of Things is in the midst of swift deployment of advanced technology in industrial processes. IIoT is ravaging manufacturing sectors and reshaping modern manufacturing processes. This, in turn, is bound to restructure almost every aspect of manufacturing, from how products are researched, designed, fabricated, produced, distributed, and consumed to how manufacturing supply chains integrate and factory floors operate. 

Furthermore, IIoT also vouchsafes consumers with cognitive computing. For example, Jungheinrich AG has completed its single largest project in its history. IKEA Russia has mobilized Jungheinrich to provide complete logistics solutions from a single source for its distribution center in Russia.

This includes a 15-aisle high-bay warehouse with 210,000 pallet spaces. Therefore, the deployment of high-end technology under the cutting-edge industrial Internet of Things revolution is poised to unclutter novel paths for the growth of the market.

Automated Guided Vehicles Likely to Shape the Future of Intralogistics

An automated guided vehicle is a moveable robot that trails along wires or long earmarked lines placed on the floor. AGVs also use radio waves, lasers, magnets, and vision cameras for navigating their route. These AGVs are most often used in industrial manufacturing applications where heavy materials are required to be shifted to and fro in a facility. AGVs can also be altered according to plant layout and structure, thereby achieving high levels of autonomous working and reduced need for manual labor. 

For instance, Krones AG emphasizes innovation and developing cutting-edge technology. The strategic approach of new product development and launching new products such as SHARK, which is a decisive AGV with cost-effective and robust operation capability for complex scenarios, sets the path for AGV manufacturers to think out of the box and innovate. The incorporation of advanced technologies such as machine learning and AI is already advanced AGVs is further boosting their capabilities and catalyzing market expansion.

E-Commerce Industry Ushers in a Positive Impact on the Intralogistics Market

E-Commerce is a niche industry where the full potential of intralogistics solutions emanates. E-Commerce platforms require swift coordination between internal employees, otherwise, a product might get delivered at the wrong place to the wrong person.

The e-Commerce industry has been long witnessing seasonal peaks, thereby offerings products to customers at lowered prices. These sales include Black Friday sales, Christmas Day, and Big Billion Days. Such events garner immense demand from consumers, and providers need to ensure the smooth working of their intralogistics systems.

E-Commerce purchase has now been integrated with return orders and has posited a bidirectional flow of orders. Consumers of today keep one thing in mind upon purchasing an item - a return policy. This brings an additional layer of intricacy from the consumer’s end, which intralogistics handles efficiently and smoothly. 

Companies are making headwinds with their shorter delivery period offers, but in actuality, the process is yet to reach its full efficiency. The availability of intralogistics solutions helps e-Commerce companies ensure shorter and timely delivery of a product. Furthermore, the recent use of drones by Amazon Inc. to deliver products is increasing the need to deploy proficient and suave intralogistics solutions across organizations.  

An Adaptive Approach to Modern-day Research Needs

Key Challenges to Intralogistics Industry Expansion

The cost of mobilizing intralogistics in an industry is still dear for small and medium enterprises, thereby restricting itself from the corpus opportunities that this small-medium enterprise could bestow in the market.

Further, the requirement of high-skilled labor for managing and working with intralogistics induces extra costs on manufacturers to hire and train a skilled workforce. Also, apprehension regarding unauthorized access control and systems failures cascades to adding extra cost and worries among manufacturers and restricts its widespread use.

Country-wise Analysis

How Opportunistic are Growth Prospects across the U.S Market?

During the historical period of 2015-2021, the U.S. intralogistics market expanded at an impressive pace of 13.6% CAGR. The United States has a history of early technological adoption, with supply chain digitalization as well as mobilization of high-end technologies such as 5G and intralogistics solutions. Fact.MR forecasted that the U.S Intralogistics market is likely to reach US$ 295 Billion by 2032 end, estimated at nearly US$ 72 Billion in 2021.

The extensive application of intralogistics in the automobile and e-Commerce industry has been the chief driving force for the categorical growth of the market in the country.

Moreover, the majority of companies such as Daifuku Co., Ltd, MHS, and Toyota Industries Corporation have a preponderant presence in the U.S. and generate a substantial amount of their revenue from the country. Consequently, the implementation of intralogistics across a myriad of industrial uses is poised to provide immense opportunity in the short- to medium-termination.

Why are Intralogistics Providers Venturing into China?

The market in China is poised for insurmountable growth over the forecast period, at an exploding pace of over 18% through 2032 to surpass US$ 275 Billion, estimated at nearly US$ 45 Billion in 2021. China, commonly known as the manufacturing hub of the world, is poised to canon the market over the decade due to extensive manufacturing cluster establishments within the country, which astringing with optimism for the implementation of intralogistics in their internal supply chains.

Moreover, China is set to dethrone the U.S. from the leading market crown for intralogistics by the end of 2032. This is due to a stable government in the country as well as a rock-solid push from the government to implement digital technologies across factories. Furthermore, increasing penetration of smart manufacturing practices in the country is poised to bolster demand for intralogistics over the coming years.

Why is the Potential for Intralogistics High in India?

The market in India is projected to expand at a vicious and foremost pace of more than 18% CAGR over the forecast period. India has been rapidly deploying advanced digital technologies in manufacturing to harness the potential of its manufacturing prowess.

Moreover, the emergence of non-conventional manufacturing clusters such as electronics and healthcare industries across the country is further poised to provide an ample amount of opportunity for the intralogistics market to proliferate.

Furthermore, increased adoption of intralogistics by Indi heavyweights - small and medium enterprises - is poised to take the intralogistics space northwards. Fact.MR’s report postulates that the India logistics market is likely to touch the US$ 250 Billion mark by 2032, estimated at nearly US$ 40 Billion in 2021.

Country-wise Value CAGRs for Intralogistics (2022-2032)

U.S

13.6%

U.K

13.1%

China

18.2%

India

18%

Category-wise Insights

What is the Potential of Industrial Robots in Manufacturing Processes?

Industrial robots are robotic systems that are used for manufacturing purposes. These bots are programmable, capable of movement, and automated to move on three or more axis. These robots provide a wide array of benefits in industries, as they reduce the risk of human error and increase the overall throughput of production. As per the recent analysis, the Industrial robot segment is forecasted to exceed the US$ 55 Billion mark, following a CAGR of 12% throughout the forecast period.

For instance, companies have enhanced the use of industrial robots by providing cobots, which are collaborative robots. Cobots such as packaging machines and mechanical arms decrease physical efforts involved in picking and packing operations, to keep lassitude to a minimum point. This way, it ensures controlled and evenly divided work through warehouse management software inbuilt into the intralogistics system.       

How big is the Opportunity in the Food & Beverage Industry?

Intralogistics solutions in the food & beverage industry provide immense benefits such as simulation models, prior data analysis to confirm product mix, processing of materials, etc. Cobots are extensively used in picking and packing solutions in the industry for beverages, foodstuff, confectionaries, dairy products, and deep-frozen foods.   

Companies specifically provide the required hardware for the food & beverage industry, and all these factors are poised to help the segment expand at a robust CAGR of over 16% over the next ten years.  

How are Software Providers Faring in Intralogistics?

Integrated software solution intralogistics is becoming ever popular and the need of an hour. Collecting all the data and analyzing it for a resounding corporate strategy is proficiently done by the software. 

Furthermore, real-time control of complex material flow process visualization is making its way to the factories of the future. Warehouse management software is a key step in integrating software along with intralogistics for an organization. The aforesaid segment is estimated to expand at CAGR of 15.5% during the conjecture period.

The software market in intralogistics is poised for rapid gain over the coming years, and more and more companies are adopting the integrated flow of providing hardware as well as software for organizations.

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Competitive Landscape

Prominent Intralogistics providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.

  • In October 2020, Interrol launched the new high-performance Crossbelt Sorter MX 025H, possessing the capability of handling up to 20,000 conveyed goods per hour
  • In July 2019, Cimcorp, a subsidiary of Murata Machinery, partnered with Conveyor Networks Ltd. to target the U.K. distribution market. This partnership has assisted in driving sales and improving support for Cimcorp’s robotic solutions in the United Kingdom.
  • In September 2019, in response to growing demand in the Vietnamese market, Daifuku Intralogistics Vietnam is managing local sales, installation, and aftersales services of material handling systems for the manufacturing and distribution sectors, through its newly established Vietnamese subsidiary.

Key Segments Covered in the Intralogistics Industry Survey

  • Intralogistics Market by Component :

    • Intralogistics Hardware
      • Automated Storage and Retrieval Systems (AS/RS)
        • Unit-Load
        • Fixed-aisle Cranes
        • Moveable-aisle Cranes
      • Mini-Load
        • AS/RS Cranes
        • AS/RS Shuttles
      • Automated Guided Vehicles (AGVs)
      • Conveyor Systems
        • Horizontal Carousels
        • Vertical Carousels
      • Vertical Lift Modules (VLMs)
      • Sorting Systems
      • Industrial Robots
      • Others
    • Intralogistics Software
    • Intralogistics Services
  • Intralogistics Market by End Use :

    • Logistics
    • Food & Beverages
    • Retail & e-Commerce
    • Airports
    • Automotive
    • Chemicals
    • Industrial Manufacturing
    • Other End Uses
  • Intralogistics Market by Region :

    • North America 
    • Latin America 
    • Europe 
    • East Asia 
    • South Asia & Oceania
    • The Middle East & Africa

- FAQs -

As of 2021, Fact.MR estimated the Intralogistics market to have reached US$ 85 Billion
By 2022, Fact.MR expected demand for Intralogistics to reach US$ 98.18 Billion
From 2015-to 2021, the Intralogistics market grew at a 14.3% value CAGR
From 2022-to 2032, Intralogistics demand is likely to surge at a 15.5% CAGR
By 2032, the market for Intralogistics is likely to be valued at US$ 415 Billion
By 2032, Fact.MR expects the U.S market for Intralogistics to reach US$ 295 Billion
China is expected to register an 18% CAGR in the Intralogistics industry
Intralogistics Software solutions will be maximum, expanding at a 15.5% CAGR
Food & Beverage Intralogistics will remain most preferred, expanding at a CAGR of 16% until 2032

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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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