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2017 $538.2 Million Pick to Light Market by Method, Power Source, Operation, Industry and Region - Global Forecast to 2023

/EIN News/ -- Dublin, Dec. 18, 2017 (GLOBE NEWSWIRE) -- The "Pick to Light Market by Method (Auto Guided & Manual), Power Source (Wired and Wireless), Operation (Putting and Picking), Industry (Assembly & Manufacturing, Retail & E-commerce, and Pharma & Cosmetics), and Region - Global Forecast to 2023" report has been added to Research and Markets' offering.

The pick to light market is expected to grow from USD 323.7 Million in 2017 to USD 538.2 Million by 2023, at a CAGR of 8.84% between 2017 and 2023.

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.

The global pick to light market is dominated by the manual picking method owing to its adoption for various applications in several industries, such as assembly and manufacturing; retail and e-commerce; and pharma and cosmetics. The manual method is cost-effective; thus, it has short payback period. Manual systems are simple to implement and operate.

Moreover, their operating cost is also low compared with their sensor-based counterparts. Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), Honeywell Intelligrated (US), KNAPP (Austria), AIOI-System (Japan), Turck (Germany), and Lightning Pick Technologies (US) offer manual pick to light systems.

One of the key restraining factors for the pick to light market is the requirement of considerable upfront investment for installation and financial strength for maintenance. Also, pick to light systems are unsuitable for heavy products and large picking areas.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Pick to Light Market, By Operation

7 Pick to Light Market, By Method

8 Pick to Light Market, By Power Source

9 Pick to Light Market, By Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

  • Aioi-Systems Co
  • Banner Engineering
  • Bastian Solutions
  • Daifuku
  • Dematic
  • Hans Turck Gmbh & Co. Kg
  • Honeywell Intelligrated
  • Insystems Automation Gmbh
  • Kardex Group
  • Kbs Industrieelektronik Gmbh
  • Knapp Ag
  • Lightning Pick Technologies
  • Murata Machinery
  • Omron
  • Panasonic
  • Sick Ag
  • Ssi Schafer
  • Swisslog Holding Ag
  • Vanderlande Industries B.V.
  • Wenglor Sensoric Gmbh

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