Global Yard Management System Revenues to Reach $5B by 2032: Study

Following a spike in interest in technologies to digitalize and optimize yard operations last year, investments in yard management systems have continued their momentum into 2024.

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Following a spike in interest in technologies to digitalize and optimize yard operations last year, investments in yard management systems (YMS) have continued their momentum into 2024.

In fact, revenues for in-land facility yards are expected to grow at a CAGR of 31.6% to 2032, reaching $4.98 billion by 2032, according to ABI Research.

“While North American companies remain leaders in YMS investment, YMS revenues in Europe will surpass North America by 2028. North American companies have been early adopters, but the complexity and scale of yards in Europe will see a greater spend, both per yard and overall,” explains Ryan Wiggin, senior analyst at ABI Research.

 

Key takeaways:

  • Spending on yard technologies also differs by industry. Manufacturers and logistics service providers (LSPs) will remain the highest spenders on YMSs, surpassing $1 billion in revenues by 2032.
  • Automated yard trucks are now becoming deployable in in-land yard environments following successful pilot projects, with the first commercial deployments happening through 2024.
  • ABI Research forecasts that the installed base of autonomous yard trucks will grow at a CAGR of 104.4% to 2032 due to the current nascency and scale of rollouts planned.

“Yards of all sizes are realizing significant improvements from deploying dedicated YMSs, dock scheduling solutions, automated gate entry systems, and asset tracking capabilities. What was often a forgotten part of the supply chain is quickly becoming an integral piece of the operational puzzle to fortify fulfillment in the face of growing complexity,” adds Wiggin.

 

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