Product Code: ANV809
REPORT HIGHLIGHT
The Pick-To-Light market is estimated to be worth US$ 460.7 million in 2020. Pick-To-Light market is expected to expand at a 9.8% CAGR during the forecast period.
Market Introduction
Pick-to-light is an order fulfillment system that uses alphanumeric displays and buttons at storage sites to guide manual "picking" and recording of products for dispatch. Pick-to-light is a paperless system that uses alphanumeric displays at storage locations to supervise people performing light-assisted manual selecting, placing, sorting, and assembling tasks. Some of the applications of Pick-to-light applications include Order completion systems (OCS), RF picking, and print-and-apply labeling. The Pick-to-light technology removes the errors that can occur when reading pick lists on paper. The technology also enhances the quality and speed of orders. Pick-to-light systems are reliable technologies that speed up warehouse picking processes, improving accuracy, efficiency, and production.
Market Dynamics
The advent of modern automated warehouses, the rise of the e-commerce business, and the globalization of the supply chain network have all resulted in the growth of pick-to-light technology. Pick-to-light also provides error-free and higher-productivity activities, as well as better worker utilization. With the increasing demand for fast and effective distribution of goods, the retail and e-commerce industries rely heavily on Pick-to-light technology and thus dominate the global market. In addition to this, the growing popularity of online shopping has further accelerated the growth of pick-to-light systems, especially in warehouses to ensure quick, timely, and correct delivery of items. Increasing rivalry among e-commerce businesses has pushed them to provide same-day delivery and deep discounts on their products, which provide key opportunities for the growth of the pick-to-light market.
Segmentation Analysis
The Pick-To-Light Market is segmented by power source, method, operation and end-user, regional distribution, and competitive landscape. Based on Method, the market is fragmented into Manual and Auto guided methods. The manual picking method dominates the global pick-to-light technology market due to its increasing adoption for a large number of applications in assembly and manufacturing in several industries, including e-commerce, retail, cosmetics, manufacturing, and pharma.
The manual method offers a number of advantages in contrast to an auto-guided method, such as high cost-effectiveness and a short payback period. Moreover, these systems are simple to implement and operate and also offer an advantage over sensor-based methods in terms of low operating costs. Based on power sources, the wired segment is expected to grow at a CAGR of 3.4% mainly due to the advantages offered by the former, the market for a wired pick to light is also expected to dominate the market. For the picking process, wired pick-to-light systems are easy to handle and cost-effective. Because of their great return on investment, wired pick-to-light systems are widely used. However, wireless pick-to-light systems have gained popularity in recent years and are expected to witness high growth of 6.8% during the forecast period.
Competitive Landscape
The Pick-To-Light market is fairly competitive and concentrated due to the existence of numerous players operating on a national and international basis. Murata Machinery, KNAPP, Turck, SSI Schaefer, Honeywell Intelligrated, KNAPP, and Lightning Pick Technologies are key participants that offer manual Pick-to-light systems, while companies such as AIOI-Systems, Panasonic, Banner Engineering, and Omron Corporation are some of the hardware manufacturers.
The players are adopting strategies such as product launches to strengthen their position in the market. For instance, in April 2019, Daifuku Co., Ltd. announced the acquisition of India-based Vega Conveyors & Automation, involved in the consulting, design, manufacture, installation, and after-sales service of conveyors and other material handling equipment within the Indian market.
Key features of the study:
- This proposed research study on Pick-To-Light market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2021-2027), considering 2020 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Pick-To-Light market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Pick-To-Light market.
- Impact of COVID-19 on Pick-To-Light market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Pick-To-Light market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Pick-To-Light market, we have also included competitive landscape and key innovator analysis for the Pick-To-Light market
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Pick-To-Light market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The Pick-To-Light market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Pick-To-Light Market Key Players
- Daifuku
- Dematic
- Knapp AG
- Murata Machinery
- SSI Schafer
- Swisslog Holding AG
- Honeywell Intelligrated
- Kardex Group
- Bastian Solutions
- Vanderlande Industries B.V.
- Kbs Industrieelektronik GmbH
Pick-To-Light Market by Power Source
Pick-To-Light Market by Method
Pick-To-Light Market by Operation
Pick-To-Light Market by End User
- Manufacturing
- Retail & E-commerce
- Food & Beverages
- Pharma & Cosmetics
- Others
Pick-To-Light Market by Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle-East and Africa
- GCC
- South Africa
- Rest of Middle-East and Africa
TABLE OF CONTENT
1. Pick-to-light Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Power Source
- 2.1.2. Market Snippet by Method
- 2.1.3. Market Snippet by Operation
- 2.1.4. Market Snippet by End-user
- 2.1.5. Market Snippet by Region
- 2.2. Competitive Insights
3. Pick-to-light Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Pick-to-light Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Pick-to-light Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Pick-to-light Market Landscape
- 6.1. Market Share Analysis, 2019
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Pick-to-light Market - By Power Source
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Power Source, 2020 & 2027 (%)
- 7.1.2. Wired
- 7.1.3. Wireless
8. Pick-to-light Market - By Method
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Method, 2020 & 2027 (%)
- 8.1.2. Manual
- 8.1.3. Auto-Guided
9. Pick-to-light Market - By Operation
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Operation, 2020 & 2027 (%)
- 9.1.2. Putting
- 9.1.3. Picking
10. Pick-to-light Market - By End-user
- 10.1. Overview
- 10.1.1. Segment Share Analysis, By End-user, 2020 & 2027 (%)
- 10.1.2. Manufacturing
- 10.1.3. Retail & E-commerce
- 10.1.4. Food & Beverages
- 10.1.5. Pharma & Cosmetics
- 10.1.6. Others
11. Pick-to-light Market- By Geography
- 11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
- 11.2. North America
- 11.2.1. Overview
- 11.2.2. Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.2.8. U.S.
- 11.2.8.1. Overview
- 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 11.2.8.3. U.S. Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 11.2.8.4. U.S. Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 11.2.8.5. U.S. Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 11.2.8.6. U.S. Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.2.9. Canada
- 11.2.9.1. Overview
- 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.1.3. Canada Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.1.4. Canada Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.3. Europe
- 11.3.1. Overview
- 11.3.2. Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.2. Germany
- 1.1.2.1. Overview
- 1.1.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.2.3. Germany Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.2.4. Germany Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.2.5. Germany Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.2.6. Germany Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.3. Italy
- 1.1.3.1. Overview
- 1.1.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.3.3. Italy Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.3.4. Italy Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.3.5. Italy Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.3.6. Italy Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.4. United Kingdom
- 1.1.4.1. Overview
- 1.1.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.4.3. United Kingdom Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.4.4. United Kingdom Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.4.5. United Kingdom Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.4.6. United Kingdom Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.5. France
- 1.1.5.1. Overview
- 1.1.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.5.3. France Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.5.4. France Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.5.5. France Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.5.6. France Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.6. Rest of Europe
- 1.1.6.1. Overview
- 1.1.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.6.3. Rest of Europe Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.6.4. Rest of Europe Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.6.5. Rest of Europe Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.6.6. Rest of Europe Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Key Manufacturers in Asia Pacific
- 11.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 11.4.4. Asia Pacific Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 11.4.5. Asia Pacific Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 11.4.6. Asia Pacific Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 11.4.7. Asia Pacific Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.4.8. India
- 1.1.6.7. Overview
- 1.1.6.8. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.6.9. India Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.6.10. India Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.6.11. India Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.6.12. India Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.7. China
- 1.1.7.1. Overview
- 1.1.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.7.3. China Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.7.4. China Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.7.5. China Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.7.6. China Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.8. Japan
- 1.1.8.1. Overview
- 1.1.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.8.3. Japan Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.8.4. Japan Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.8.5. Japan Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.8.6. Japan Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.9. South Korea
- 1.1.9.1. Overview
- 1.1.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.9.3. South Korea Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.9.4. South Korea Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.9.5. South Korea Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.9.6. South Korea Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.10. Rest of APAC
- 1.1.10.1. Overview
- 1.1.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.10.3. Rest of APAC Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.10.4. Rest of APAC Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.10.5. Rest of APAC Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.10.6. Rest of APAC Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.5. Latin America
- 11.5.1. Overview
- 11.5.2. Key Manufacturers in Latin America
- 11.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 11.5.4. Latin America Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 11.5.5. Latin America Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 11.5.6. Latin America Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 11.5.7. Latin America Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.5.8. Brazil
- 1.1.10.7. Overview
- 1.1.10.8. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.10.9. Brazil Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.10.10. Brazil Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.10.11. Brazil Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.10.12. Brazil Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.11. Mexico
- 1.1.11.1. Overview
- 1.1.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.11.3. Mexico Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.11.4. Mexico Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.11.5. Mexico Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.11.6. Mexico Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.12. Argentina
- 1.1.12.1. Overview
- 1.1.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.12.3. Argentina Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.12.4. Argentina Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.12.5. Argentina Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.12.6. Argentina Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.13. Rest of LATAM
- 1.1.13.1. Overview
- 1.1.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.13.3. Rest of LATAM Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.13.4. Rest of LATAM Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.13.5. Rest of LATAM Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.13.6. Rest of LATAM Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.6. Middle East and Africa
- 11.6.1. Overview
- 11.6.2. Key Manufacturers in Middle East and Africa
- 11.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 11.6.4. Middle East and Africa Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 11.6.5. Middle East and Africa Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 11.6.6. Middle East and Africa Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 11.6.7. Middle East and Africa Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 11.6.8. Saudi Arabia
- 1.1.13.7. Overview
- 1.1.13.8. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.13.9. Saudi Arabia Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.13.10. Saudi Arabia Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.13.11. Saudi Arabia Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.13.12. Saudi Arabia Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
- 1.1.14. United Arab Emirates
- 1.1.14.1. Overview
- 1.1.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.14.3. United Arab Emirates Market Size and Forecast, By Power Source, 2016 - 2027 (US$ Million)
- 1.1.14.4. United Arab Emirates Market Size and Forecast, By Method, 2016 - 2027 (US$ Million)
- 1.1.14.5. United Arab Emirates Market Size and Forecast, By Operation, 2016 - 2027 (US$ Million)
- 1.1.14.6. United Arab Emirates Market Size and Forecast, By End-user, 2016 - 2027 (US$ Million)
12. Key Vendor Analysis
- 12.1. Competitive Dashboard
- 12.2. Company Profiles
- 12.2.1. Daifuku
- 12.2.2. Dematic
- 12.2.3. Knapp AG
- 12.2.4. Murata Machinery
- 12.2.5. SSI Schafer
- 12.2.6. Swisslog Holding AG
- 12.2.7. Honeywell Intelligrated
- 12.2.8. Kardex Group
- 12.2.9. Bastian Solutions
- 12.2.10. Vanderlande Industries B.V.
- 12.2.11. Kbs Industrieelektronik GmbH
13. 360 Degree Analyst View
14. Appendix
- 14.1. Research Methodology
- 14.2. References
- 14.3. Abbreviations
- 14.4. Disclaimer
- 14.5. Contact Us