Global Pick-to-Light Systems Market 2019-2023
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Automotive - Market size and forecast 2018-2023
Retail, e-commerce, and 3PL - Market size and forecast 2018-2023
Food and beverage - Market size and forecast 2018-2023
Manufacturing - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Bastian Solutions Inc.
Daifuku Co. Ltd.
Kardex Group
Matthews International Corp.
SSI Schaefer Group
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of vendor positioning
PART 15: EXPLORE TECHNAVIO
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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