Pick to Light uses light devices mounted at item locations on flow rack, shelving, workstations or other storage media to guide operators to the correct product locations and quantities required to fill an order.
The growth of this market is propelled by the emergence of advanced automated warehouses, growth of the e-commerce industry, and globalization of supply chain network. Moreover, pick to light offers error-free and better productivity operations and enhanced labor utilization.
The retail and e-commerce industry is expected to capture the largest share of the pick to light market owing to the requirement of fast and efficient distribution of goods in this industry.
Moreover, growing online shopping trend increases the use of pick to light systems in its warehouses for fast and accurate delivery of goods. Increasing competition among e-commerce companies has pushed them to offer same-day delivery and products at high discounts. Pick to light systems, along with other distribution center technologies, help expedite the order fulfillment process.
According to this study, over the next five years the Pick to Light market will register a 5.3% CAGR in terms of revenue, the global market size will reach US$ 950 million by 2024, from US$ 730 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Pick to Light business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Pick to Light market by product type, application, key manufacturers and key regions and countries.
This study considers the Pick to Light value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Manual
Auto Guided
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Assembly & Manufacturing
Retail & E-Commerce
Pharma & Cosmetics
Food & Beverages
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Daifuku
Murata Machinery
SSI SCHAEFER
Dematic
Honeywell
Kardex Group
Sick AG
Knapp AG
Aioi-Systems Co
Swisslog
Vanderlande
ULMA Handling Systems
Hans Turck GmbH
Bastian Solutions
Weidmuller
Banner
CREFORM (Yazaki-Kako)
Wenglor Sensonic
Lightning Pick Technologies
ATOX Sistemas
KBS Industrieelektronik
Insystems Automation
Falcon Autotech
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Pick to Light consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Pick to Light market by identifying its various subsegments.
Focuses on the key global Pick to Light manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Pick to Light with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Pick to Light submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Pick to Light . Industry analysis & Market Report on Pick to Light is a syndicated market report, published as Global Pick to Light Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Pick to Light market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.