As per the latest study by Fact.MR, a market research and competitive intelligence provider, the global intralogistics market has reached a size of US$ 18.94 billion in 2022 and is expected to expand rapidly at a CAGR of 14.8% from 2022 to 2032.
Intralogistics can be defined in many different ways but its core idea always remains the same. Intralogistics is the planning, execution, installation, and control of all internal activities associated with the material flow of a company. It plays a vital role in the warehousing and manufacturing sectors as it is a smooth and efficient interplay of each and every process. However, the implementation of intralogistics is a challenging task.
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Intralogistics is the automation and optimization of every small piece of information available for the operating company. The utilization of intralogistics improves the flexibility of work, future-proofs operations, and provides a safe workplace. With the help of technologies such as IIoT, 5G, and others, the efficiency of intralogistics can be improved to a greater extent.
The trend of Industry 4.0 has compelled many industries to adopt digital platforms and improve their supply chains. Hence, several end-use industries such as logistics, food & beverages, automotive, chemicals, industrial manufacturing, and others are changing their direction towards intralogistics as the world pushes for better ways of execution of operations.
Key Takeaways from Market Study
“Integration of hardware & software for bundled services and end-to-end solutions aiding market growth,” says a Fact.MR analyst.
Some of the leading players include
During the COVID-19 pandemic, the intralogistics sector gained high importance as most companies shifted their ways to digital platforms. Intralogistics is paving its way ahead in terms of system integration with the warehouse and distribution networks of end-use industries.
Key suppliers of intralogistics are channelizing their energy towards improving their efficiency through automation. Additionally, industry participants are working to grow their client base by providing collaborative platforms.
Through collaborative approaches and integrated service offerings, prominent market participants are capturing a significant market share.
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