Spiralling AGV sales shaping future of intralogistics market

The global intralogistics market is expected to surge at a compound annual growth rate (CAGR) of 15.5% from 2020 to 2030. According to a study by Fact.MR, the market burgeoned at a spritely rate of 14.3% over the last five years owing to globally “transcendent demand for increased productivity & efficiency across industries”.

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, labour, 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.

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.

Market study findings

  • The global Intralogistics market is anticipated to add 4.2x value to its market by 2030.
  • The hardware segment is expected to expand at an impressive CAGR of 15% over the forecast period.
  • Automated guided vehicles (AGVs) are projected to achieve growth of 15.3% CAGR, while industrial robots are projected to add 4.8x value over the forecast period.
  • East Asia is set to unshackle its manufacturing prowess with a superlative growth of around 29% CAGR, owing to widespread implementation of intralogistic solutions to boost competitiveness in manufacturing clusters.
  • By industry vertical, the retail & e-Commerce industry is poised to impart courteous opportunity for the intralogistics market by virtue of increasing use of e-Commerce platforms by consumers, and with providers digitising supply chains to ensure the timely delivery of products to customers.

“Earmarked acquisitions and mergers are prime bellwethers of growth in the market,” says a report analyst Shubham Patidar, research consultant, industrial goods and automotive at Fact.MR.

Targeted M&As by key players

Shubham Patidar

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.

  • For instance, in 2019, Toyota Industries and Tompkins Robotics, a provider of autonomous mobile robots (AMRs), signed a strategic partnership with Bastian Solutions. Bastian Solutions is a company that was acquired by Toyota Industries Corporation
  • Similarly, Kion Group, in 2020, acquired U.K.-based software company Digital Applications International Limited (DAI), which has expertise in logistics automation solutions, for its subsidiary Dematic. This move is considered to fuel the group’s growth, considering the significance of automation and the shrewdness of DAI.

These insights are based on a report on Intralogistics Market by Fact.MR.

The author is Shubham Patidar, research consultant, industrial goods and automotive at Fact.MR.

About the author

Shubham Patidar is an experienced research consultant at Fact.MR, a research and consulting firm. Fact.MR is headquartered in Dublin, and has offices in UAE and India. These insights are based on a report on  Intralogistics Market by Fact.MR

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

RECENT ARTICLES

Motive and Navistar partner to equip fleet operators with robust vehicle telematics data and insights

Posted on: July 1, 2022

San Francisco, USA. 29 June 2022 – Motive, the specialist in Automated Operations, and Navistar, a manufacturer and solutions provider to the medium-, heavy- and severe-service trucks industry, announced today a strategic partnership and future product integration that will connect Motive’s Automated Operations Platform with Navistar’s OnCommand Connection telematics and Advanced Remote Diagnostics solutions.

Read more

Seamless indoor cellular coverage has earnt its rightful place as a 4th utility

Posted on: July 1, 2022

“Network infrastructure including fibre broadband and Wi-Fi access points are factored into all new building projects from the outset, with mobile coverage infrastructure taking second place. Both should be given equal status in a world driven by tech,” says Colin Abrey of Nextivity.

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox