What is Automotive In-plant Logistics Technology Market?
In-plant logistics technology is widely used in various manufacturing plants for material handling and other in-factory transportation applications. In automotive manufacturing companies, it is more complex to handle raw materials, components, vehicles & spare parts. More and more automotive manufacturers are adopting advanced technologies to improve production processes and reduce labor costs. The evolution of industry 4.0 has created a huge market for advanced technologies like IoT, AI, and the adoption of automation across the various industries that will create significant opportunities.
Highlights from Automotive In-plant Logistics Technology Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mahindra Logistics Ltd. (India), GXO Logistics (United States), DHL Supply Chain North America (United States), Americold (United States), Ryder Supply Chain Solutions (United States), GEODIS (North America), Lineage Logistics (United States), Kenco Logistic Services LLC (United States), NFI Logistics (United States) and FedEx Supply Chain (United States) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Mahindra Logistics Ltd. (India), GXO Logistics (United States), DHL Supply Chain North America (United States), Americold (United States), Ryder Supply Chain Solutions (United States), GEODIS (North America), Lineage Logistics (United States), Kenco Logistic Services LLC (United States), NFI Logistics (United States) and FedEx Supply Chain (United States) are some of the key players profiled in the study. Automotive In-plant Logistics Technology Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Raw Material Handling, In-Plant Logistic Management and Others |
Components | Software,Hardware |
End User | Automotive Vehicle Manufacturers,Automotive Component Manufacturers |
On the basis of geography, the market of Automotive In-plant Logistics Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Innovation and Growing Preference Towards the AI-integrated In-Plant Logistics Management Suits
Market Growth Drivers:
Surging Demand of In-Plant Logistics for Milk-Run System in the Automotive Industry and Increased adoption of AGVs in the Automotive Plants to Improve the Productivity
Challenges:
Lack of Visibility
Restraints:
High Cost Associated with New Technologies and Maintenance Cost of AGVs
Opportunities:
High Growth of In-Plant Logistic Technology for Automotive OEMs
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automotive In-Plant Logistics Technology Providers, End-Users and Others
Market Leaders & Development Strategies
In February 2022, third-party logistics solutions provider Mahindra Logistics acquired a majority stake in ZipZap Logistics, a last-mile logistics service provider operating under the brand 'Whizzard'. Rs 71.73 crore through 1st and 2nd purchase in two stages.
In May 2022, on-site power generation provider Mainspring Energy Inc. announced that Lineage Logistics, the world's largest provider of REIT and logistics solutions for the temperature control industry, has entered into an agreement to deploy up to 150 Mainspring linear generators across a network of distribution facilities at: I did. The USA. The two companies will also explore deploying Mainspring units outside the US and using 100% green fuel to power their flexible Mainspring products.