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Production Logistics Market Trends

  • Report ID: GMI10159
  • Published Date: Jul 2024
  • Report Format: PDF

Production Logistics Market Trends

To increase productivity and flexibility in production logistics, collaborative robotics, or cobots, are increasingly being utilized. Cobots assist human workers by carrying out monotonous jobs including packing, assembly, and material handling. Automation technologies lower labor costs, increase productivity, and enhance safety in manufacturing settings. Robotic arms, autonomous drones, and automated guided vehicles (AGVs) are being used by production logistics systems to improve overall productivity and optimize warehouse operations.
 

For instance, in March 2024, Schneider Electric unveiled two new collaborative robots (cobots), the Lexium RL 3 and RL 12, at MODEX 2024 in Atlanta, with a third model, the Lexium RL 18, scheduled for release later in 2024. These advanced cobots are designed to address production, flexibility, and sustainability challenges faced by manufacturers.
 

Another major trend in the production logistics market is omni-channel fulfillment. Omni-channel fulfillment requires real-time visibility of inventory across all sales channels and distribution centers. Inventory management software is integrated with production logistics systems to track product availability, locations, and stock levels. This lowers the possibility of stockouts and raises customer satisfaction by guaranteeing that customers may examine correct inventory information both online and in-store.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of production logistics reached USD 73.7 billion in 2023 and is set to witness over 4.5% CAGR between 2024 and 2032, led by the growing emphasis on sustainability factors.

The hardware segment in the production logistics industry accounted for over 41% share in 2023, owing to the technological innovations in the fields of IoT, AI, and robots.

Asia Pacific market generated over 35% share in 2023, attributed to the fast industrialization and growth in the manufacturing sector.

DHL Supply Chain, UPS Supply Chain Solutions, Inc., Kuehne + Nagel International AG, DB Schenker Logistics, XPO Logistics, Inc., CEVA Logistics AG, DSV Panalpina A/S, and Nippon Express Co., Ltd.

Production Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 22
  • Pages: 240
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