Global Pick-to-Light Systems Market 2019-2023

The global pick-to-light systems market will grow by USD 247.45 million during 2019-2023. This report provides a detailed analysis of the market by application (automotive, retail, e-commerce, and 3PL, food and beverage, manufacturing, and others) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several pick-to-light systems manufacturers including Bastian Solutions Inc., Daifuku Co. Ltd., Kardex Group, Matthews International Corp., and SSI Schaefer Group.

Global pick-to-light systems industry overview

Pick-to-light systems optimize the efficiency of warehouse operations by guiding employees to pick up selected products through its digital light display. This improves picking accuracy, reduces the chances of return shipping and re-shipping, and enhances customer service. Pick-to-light systems also enable picking of multiple orders by employees in one pass through the warehouse. As the employee confirms picking the product, a light on the cart specifies the tote or bin in which the product needs to be placed. Such features will help improve the overall efficiency of the warehouse, increasing the demand for pick-to-light systems.

Integrating autonomous mobile robots (AMR) with pick-to-light systems improves picking efficiency and facilitates the picking of multiple products. AMRs connected with warehouse execution software (WES) create their routes, avoid obstacles, and reroute when necessary. This leads to faster picking of products and improves operational efficiency. As a result, many enterprises are focusing on integrating AMRs with pick-to-light systems to deliver better service. This growing trend of integrating AMRs with pick-to-light systems will boost pick-to-light systems market growth at a CAGR of over 6% during the forecast period.

Top pick-to-light system companies covered in this market research report

The global pick-to-light systems market is moderately fragmented. This research report provides a detailed analysis of the market’s competitive landscape and provides information on the products offered by various companies. Key insights provided by this pick-to-light systems market research report will help companies make informed business decisions to improve their market share.

The report offers a detailed analysis of several leading companies including:

Bastian Solutions Inc.

Daifuku Co. Ltd.

Kardex Group

Matthews International Corp.

SSI Schaefer Group

Pick-to-light systems market segmentation based on application

Automotive

Retail, e-commerce, and 3PL

Food and beverage

Manufacturing

Others

The growth of global e-commerce and 3PL industries is expected to increase the demand for pick-to-light systems from this segment. Moreover, increased investment by enterprises across the world in fulfillment centers to ensure timely delivery of products will also drive the need for these light systems. As a result of these factors, the retail, e-commerce, and 3PL-based application segment will account for the largest global pick-to-light systems market share by the end of the forecast period.

Pick-to-light systems market segmentation based on geography

APAC

Europe

MEA

North America

South America

The growth of the food and beverage industry and the increasing demand for new vehicles will contribute to the growth of the pick-to-light systems market size in Europe. This region will offer the maximum growth opportunities to companies in the pick to light system market throughout the forecast period.

 Key highlights of the global pick-to-light systems market report for the forecast period 2019-2023

CAGR of the market during the forecast period 2019-2023

Detailed information on factors that will accelerate the growth of the pick-to-light systems market during the next five years

Precise estimation of the global pick-to-light systems market size and its contribution to the parent market

Accurate predictions on upcoming trends and changes in consumer behavior

The growth of the pick-to-light systems industry across APAC, Europe, MEA, North America, and South America

A thorough analysis of the market’s competitive landscape and detailed information on several vendors

Comprehensive details of factors that will challenge the growth of pick-to-light systems companies

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