According to a new report published by FAST.MR, titled, “Intralogistics Market” witnessed a market value of USD XXX billion in 2018 and is considered to surpass USD XXX billion by 2024, recording a compound annual growth rate (CAGR) of XX% between 2019 and 2024. The Intralogistics market is analyzed based on regions, by component, and by end-use. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in Intralogistics market, such as Siemens, Aethon, Invata, KION Group, Balluff, Datalogic, Omron, Pepperl & Fuchs, BÖWE SYSTEC GmbH, Hans Turck, UniCarriers Americas, and others.
“Novel coronavirus cases continue to rise and is negatively impacting the global Intralogistics market due to significant slowdown in spending during first half of 2024. A detailed outlook of Intralogistics market with and COVID-19 impact on market is presented in the report. This report aims to assist our clients with valuable insights which are required to make important business decisions during and post COVID-19 period.”
Market Summary:
Based on the component, the market has been classified into diverter rollers for conveying systems, support and guiding rollers, belt deflection wheels, bearing shields, shuttle wheels, shuttle flaps, and others. In the component segment, diverter rollers for conveying systems segment contributed around XX% market share of the Intralogistics market in 2018. Conveying systems are one of the most important parts of an intralogistics system. Conveying and transportation or material flow is an important part of the intralogistics system and with the rise in the adoption of the intralogistics system, the diverter rollers for conveying systems are poised to thrive at a considerable pace in coming years.
Intralogistics end-use type segment includes retail & consumer goods, industrial products, food & beverage, automotive, chemicals, and other segments. The retail & consumer goods segment was valued at USD XX million in 2018 and is expected to reach USD XX Million by 2024, progressing at a CAGR of XX% from 2019 to 2024. The rise of e-commerce platforms and ever-increasing consumer expectations have bolstered the growth of the retail & consumer goods market globally.
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Region-wise, the market has been segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. At present, The North America region has acquired significant market shares and is poised to continue its dominance in the coming years. The presence of technologically advanced infrastructure and intense market competition have backed the growth of North America Intralogistics Market in recent years. The competitive landscape of the market has been examined in the report. Some of the key players operating in the market include Siemens, Aethon, Invata, KION Group, Balluff, Datalogic, Omron, Pepperl & Fuchs, BÖWE SYSTEC GmbH, Hans Turck, UniCarriers Americas, and others, prominent players.
Impact Analysis on COVID-19:
The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 183 countries and territories have reported cases of coronavirus to date. On 11th March 2024, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. Due to which many countries such as China, India, Italy, Germany, Spain, France, and such other countries having a large number of COVID-19 patients went under lockdown conditions. With the ongoing situation of lockdown, many industries have been adversely impacted, and it is expected that the economy of the developing & developed nations are going to suffer a massive loss in the coming years, and also the global economy may slip into a recession. Along with this, in the United Nations Conference on Trade & Development, it was said that the impact of COVID-19 would hamper the global economy up to USD 2 Trillion in 2024. The report also considers the impact the impact of COVID-19 on global Intralogistics Market in the upcoming years.
Research Scope and Deliverables:
– Research Methodology & Executive Summary
– Market Drivers, Trends, Barriers and Opportunities
– Market Size and Forecast Projections
– Competitive Analysis
– Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
– Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
– Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the Intralogistics market by the following segments:
– Component
– End-Use Sector
Geographic Market Analysis:
The report offers a separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the further breakdown of market data and analysis of region into countries is covered in the report.
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