QY Research recently published a research report, titled, “Global Pick to Light Market Report, History and Forecast 2014-2025”, that offers unique insights about machinery and equipment industry for the given period of assessment. One of the primary objectives of the report is to categorize the several market dynamics of the global pick to light market and also provide the latest trends and opportunities, mergers and acquisitions, regional analysis that are expected to impact the trajectory of the market over the forecast period of 2019-2025.
As per the report insights, the global pick to light market is estimated to be worth US$1060 mn by 2025 from US$730 mn in 2018. The market will register a moderate CAGR of 5.5% throughout the forecast period.
Global Pick to Light Market: Trends and Restraints
The advancements in the wireless technology have led to development and design of wireless pick to light systems, have connected modules and controllers are connected. These systems are plug-n-play systems, which are easy to use in warehouses moving products from shelves to other locations. This light-directed picking and putting solutions provide error-free operations and better productivity that results in a high return. The picking operations are eventually been used for the process of order-fulfillment in the retail and e-commerce industry.
The global pick to light market will witness significant growth due to the rising e-commerce industry, as it offers simplicity, flexibility, and reliability. Pick to light helps to pick more order with reduced errors in less time. Growing demand for speed and reliability in operations that have increasing number of orders has augmented the demand for pick to the light systems. This is a pronounced trend especially in the e-commerce industry. One of the major factors that is pushing the market is the increasing number of user of internet, who are propelling the e-commerce industry.
However, the pick to light systems requires high cost of investment, which creates a negative impact on the growth of the market in the near future.
Global Pick to Light Market: Segment Analysis
The market is segmented on the basis of product type and end-use industries. The product type segment includes auto guided and manual. The application segment consists of food & beverages, assembly and manufacturing, pharma and cosmetics, retail and e-commerce, and others. The retail and e-commerce segment is anticipated to grab the largest market share of the pick to light market due to the growing number of orders.
Global Pick to Light Market: Regional Outlook
Asia Pacific is the largest market for a pick to light due to the growing e-commerce and retail industry, booming production sector, and rising emphasis on domestic manufacturing by developing economies such as India and China. North America is also expected to grow at a promising rate because of advanced technology systems.
Global Pick to Light Market: Key Players
Falcon Autotech, Daifuku, Insystems Automation, Murata Machinery, KBS Industrieelektronik, SSI SCHAEFER, ATOX Sistemas, Dematic, Lightning Pick Technologies, Honeywell, Wenglor Sensonic, Kardex Group, CREFORM (Yazaki-Kako), Sick AG, Banner, Knapp AG, Weidmuller, Aioi-Systems Co, Bastian Solutions, Swisslog, Hans Turck GmbH, Vanderlande, and ULMA Handling Systems are the major manufacturers that are operating in the global pick to light market.
Global Pick to Light Market: Competitive Landscape
One of the top players, Daifuku, has acquired Vega Conveyors, a warehouse automation company. Daifuku plans to set up its entire distribution automation (DA) and factory automation (FA) production operations to expand and set its production plant in India. Companies are planning to adopt the mergers and acquisitions and production expanding strategies to earn higher rate of revenues.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076315/global-pick-to-light-market