Industry: Construction & Manufacturing | Publish Date: 07-Dec-2023 | No of Pages: 75 | No. of Tables: 50 | No. of Figures: 21 | Format: PDF | Report Code : N/A
Middle East Intralogistics Market was valued at USD 142.62 million in 2022, and is predicted to reach USD 535.54 million by 2030, with a CAGR of 17.9% from 2023 to 2030. Intralogistics is a vital aspect of supply chain management, and its market is focused on the design, implementation, and maintenance of internal logistics systems. In order to maximise the flow of materials and effectively and economically meet the company's demands, it entails the movement, storage, and management of commodities within an organisation, such as a factory, warehouse, or distribution centre.
The intralogistics market involves the design, implementation, and maintenance of factory and warehouse systems and includes various industries such as manufacturing, retail, e-commerce, and healthcare. Material handling, inventory control, order fulfilment, and reverse logistics are some of the most frequent applications of intralogistics. The intralogistics industry is expanding as a result of rising need for quick and effective delivery, rising demand for automation, and rising demand for sustainable and environmentally friendly solutions.
The Middle East region includes countries such as Cyprus, Lebanon, Syria, Iraq, Iran, Israel, Jordan, Saudi Arabia, Kuwait, Qatar, Bahrain, UAE, Oman, and Yemen. The growth of the Middle East intralogistics market is being driven by factors such as the rising adoption of smart devices, industrial sensors, and industrial automation motion control systems. In Saudi Arabia, there has been significant investment in the field of robotics and artificial intelligence.
For instance, international businesses declared plans to invest in robots and artificial intelligence in Saudi Arabia in September 2022. The investment is anticipated to expand prospects and enhance the robots and AI sectors, supporting the expansion of intralogistics in this area. Additionally, about 46% of the country’s activities are becoming automated. This high percentage of automation showcases the growing demand and adoption of automated solutions in the region, including the warehouse industry.
The government of UAE is playing a major role in promoting the use of robotics and automation processes in several industries. The robotics and automation programme launch in Dubai is driving the growth of the intralogistics market in the Middle East. The Dubai Crown Prince unveiled the programme in September 2022, with the intention of making Dubai one of the top 10 global cities for robotics and automation technologies. The programme will provide up to 200,000 robots over the following ten years.
The high installation cost of intralogistics systems can be a significant barrier to adoption and can limit the market prospects for these systems. Intralogistics systems typically require significant investments in technology and infrastructure, including specialized equipment, software, and hardware, as well as the cost of installation and maintenance.
Some organisations, especially small and medium-sized enterprises (SMEs), which may have limited resources to invest in these technologies, may find this high upfront cost to be prohibitive. The scale and complexity of the operation, the level of customization needed, and the level of automation requested can all have an impact on how much intralogistics systems cost. As a result, some businesses may opt for less expensive and less efficient alternatives, which can limit the growth and adoption of intralogistics systems in the market.
The introduction of drones in intralogistics has the potential to create significant growth opportunities for businesses that rely on efficient supply chain operations. Drones, also known as unmanned aerial vehicles (UAVs), are being used in intralogistics to automate a range of tasks, including inventory management, order picking, and delivery.
Businesses may increase the accuracy and speed of their operations while cutting the time and expense of manual labour and transportation by utilising drone technology. Drones can also increase the flexibility and scalability of intralogistics, allowing businesses to quickly adjust to fluctuations in demand.
Moreover, drones can improve efficiency and reduce the risk of accidents or injuries for workers who might otherwise need to use ladders or other equipment to access these areas. In addition, drones can gather information on inventory levels, product quality, and other key metrics, providing businesses with valuable insights into their operations by using sensors and cameras. This data can be used to optimize processes, improve forecasting, and reduce waste, leading to cost savings and improved efficiency. All these above-mentioned factors are expected to create growth opportunities for the intralogistics market in the near future.
The Middle East intralogistics industry includes several market players such as Daifuku Co. Ltd., Jungheinrich AG, Kion Group AG, Honeywell International Inc., Midea Group, Vanderlande Industries B.V., SSI Schaefer AG, KNAPP AG, Beumer Group Gmbh and Co. KG, and Autostore.
The Middle East intralogistics Market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The competitive analysis of the market players along with their market share in the Middle East intralogistics Market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Hardware
Automated Storage and Retrieval Systems (AS/RS)
Unit-Load AS/RS
Mini-Load AS/RS
Vertical Lift Modules (VLMs)
Carousel AS/RS
Industrial Robots
Mobile Robots
Automated Guided Vehicles (AGV)
Autonomous Mobile Robots (AMR)
Conveyor Systems
Sortation Systems
Software
Services
Logistics
Food and Beverages
Retail and E-Commerce
Automotive
Chemicals
Pharmaceuticals
Airport
Mining
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2022 |
USD 142.62 Million |
Revenue Forecast in 2030 |
USD 535.54 Million |
Growth Rate |
CAGR of 17.9% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
The rising adoption of smart devices. The increasing government initiatives. |
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Daifuku Co. Ltd.
Jungheinrich AG
Kion Group AG
Honeywell International Inc.
Midea Group
Vanderlande Industries B.V.
SSI Schaefer AG
KNAPP AG
Beumer Group Gmbh and Co. KG
Autostore