The Europe In-Plant Logistics Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).
In order to facilitate accelerated operations and manage the substantial volume, these facilities are chosen on the basis of necessity, which may involve the implementation of automation systems like guided vehicles, conveyor belts, and robotics. However, small-scale facilities generally entail a reduced scope of operations compared to their larger counterparts. Cost-effectiveness and adaptability are the guiding principles of the need-based preference for these facilities. Alternatives that have reduced capital and operating costs are more suitable for small-scale plants, including modular conveyor systems, manual or semi-automated carts, and fundamental warehouse management software systems.
The increasing implementation of automation, robotics, and autonomous vehicles within manufacturing plants is revolutionizing in-plant logistics. These technologies optimize material handling, improve efficiency, and reduce labor-intensive tasks. IoT devices and sensors are pivotal in these logistics by providing real-time data on inventory levels, equipment status, and operational performance. This enables better decision-making, predictive maintenance, and optimization of workflows. Smarter and more efficient operations result from the digital transformation of warehouses through the implementation of cutting-edge technologies such as cloud-based inventory management systems, barcode scanning, Radio Frequency Identification (RFID), and AI-driven analytics.
According to the Office for National Statistics, in 2020, the United Kingdom spent £257.6 billion on healthcare, directly corresponding to £3,840 per individual. In 2020, the UK allocated 12.0% of its GDP towards total current healthcare expenditures, up from 9.9% in 2019. Healthcare expenditures increased by 15.7% in nominal terms and 10.0% in real terms when inflation was accounted for in 2020. In 2020, the government financed approximately 83% of total healthcare expenditures, amounting to £213.4 billion, an increase of 14.9% in real terms. Hence, the increasing healthcare expenditure drives the demand for the market.
The Germany market dominated the Europe In-Plant Logistics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,538 million by 2030. The UK market is exhibiting a CAGR of 8.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global In-Plant Logistics Market will Hit $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.)
By Location
By Product
By Application
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
