The Asia Pacific In-Plant Logistics Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030).
Predictive analytics and machine learning algorithms help forecast demand patterns, optimize inventory levels, anticipate maintenance needs, and streamline logistics processes for improved efficiency. Additionally, there's a growing emphasis on implementing eco-friendly practices within the logistics, including using recyclable packaging materials, energy-efficient machinery, and optimizing transportation routes for reduced environmental impact. Augmented reality (AR) and Virtual reality (VR) technologies are increasingly employed in training programs and assisting workers in order picking, maintenance tasks, and optimizing layout design within manufacturing facilities.
Furthermore, large-scale facilities generally consist of extensive warehouse operations, many production lines, and substantial storage needs, in contrast to the adaptiveness that small-scale facilities demonstrate through the increasing adoption of these logistics. To effectively oversee the movement of materials, maintain inventory management, and transport products within the facility premises, these establishments require sophisticated logistics systems.
The semiconductor and electronics industry relies heavily on efficient in-plant logistics due to the complexity of its manufacturing processes and the need for precision in handling sensitive components. As per the Semiconductors Industry Association (SIA), with $13 billion in sales, China accounted for about 3.8% of the global semiconductor industry. According to an analysis by the SIA, the Chinese semiconductor sector experienced an unparalleled annual growth rate of 30.6% in 2020, resulting in total annual sales of $39.8 billion. China captured 9 percent of the global semiconductor industry in 2020, surpassing Taiwan for the second year in succession and closely trailing Japan due to the surge in growth. Hence, the growing semiconductors industry in the region is driving the demand in the market.
The China market dominated the Asia Pacific In-Plant Logistics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,391.1 million by 2030. The Japan market is registering a CAGR of 9.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11.3% during (2023 - 2030).
Based on Location, the market is segmented into Assembly/Production Lines, Storage Facilities, Packaging Workstations, and Others. Based on Product, the market is segmented into Cranes, Conveyors & Sortation Systems, Automated Storage & Retrieval System, Warehouse Management System, Automated Guided Vehicles, Robots, and Others. Based on Application, the market is segmented into Automotive, Aviation, Food & Beverages, Metals & Heavy Machinery, Semiconductor & Electronics, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global In-Plant Logistics Market is Predict to reach $24.5 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include JBT Corporation, KION GROUP AG, Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, SSI Schaefer Group, Murata Machinery, Ltd., BEUMER Group GmbH & Co. KG, Honeywell International, Inc., Daifuku Co., Limited and Kuka AG (Midea Group Co., Ltd.)
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