The North America In-Plant Logistics Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030).
Logistics refers to the organization and transportation of resources, including personnel, merchandise, stock, and machinery, from a particular location to a designated storage area. Logistics operations typically commence with order processing, as it supervises the entire workflow that establishes the manner in which clients' orders are processed and delivered. It entails critical responsibilities such as item selection, packaging, and delivery, which are indispensable for satisfying customer requirements.
In-plant logistics is the comprehensive management and handling of materials, goods, and resources within manufacturing plants, warehouses, distribution centers, or industrial facilities. It encompasses the logistical processes within these facilities to ensure efficient movement, storage, and distribution of materials required for production or assembly. This specialized logistics area optimizes internal operations, streamlines workflows, and enhances productivity within industrial environments. It involves a range of activities, including material handling, inventory management, storage, packaging, and distribution, all aimed at improving the overall efficiency of the production process.
As per the International Trade Administration (ITA), the United States possesses one of the most significant automotive sectors. 14.5 million light vehicles were sold in the United States in 2020. The United States is the second-largest industry for selling and manufacturing vehicles worldwide. The United States exported 108,754 medium and heavy tractors and 1.4 million new light vehicles (equivalent to over $52 billion) to over 200 countries in 2020. Furthermore, the country exported automotive parts worth an additional $66.7 billion. Thus, the escalating expansion of the automotive industry in the region consequently drives the demand for these services.
The US market dominated the North America In-Plant Logistics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,919.5 million by 2030. The Canada market is experiencing a CAGR of 12.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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