The global intralogistics market is expected to surge at a CAGR of 15.5% from 2020 to 2030. The market burgeoned at a spritely rate of 14.3% over the last 5 years owing to transcendent demand for increased productivity & efficiency across industries, globally. Moreover, commencement of industry 4.0 has comprehensively compelled industry verticals to go digital with their supply chain networks.
Demand for intralogistics is projected to increase markedly with cutting-edge technologies such as IIOT (Industrial Internet of Things) and 5G adoption by manufacturing industries in order to boost productivity, thereby improving the use of technology, labor, and equipment harmoniously. Furthermore, smart supply chain use of technology is on the rise. Companies are investing heavily in warehouse management software to craft a shrewd supply chain. These software ensure on-time delivery capability, thereby providing a competitive edge to companies.
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In addition, COVID-19 exhibited massive opportunity for the manufacturing as well as services industry to go digital with their supply chain operations. The market is poised to consolidate over the coming years with increase in e-Commerce shopping by consumers.
Key Takeaways from Market Study
“Earmarked acquisitions and mergers are prime bellwethers of growth in the market,” says a Fact.MR analyst.
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Targeted Acquisitions and Mergers by Key Players
Key players such as Toyota Industries Corporation and Kion Group are hinging their importance on enhancing connectivity, with a wide market outreach through targeted acquisitions to capture substantial market presence.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global intralogistics market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the market on the basis of component (hardware, software, and services) and end use (logistics, food & beverages, retail & e-Commerce, airports, automotive, chemicals, industrial manufacturing, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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