Global Pick to Light Market, By Operation (Putting, Picking), Method (Auto Guided, Manual), Power Source (Wireless, Wired) Application (Assembly and Manufacturing, Retail and E-commerce, Food and Beverages, Pharma and Cosmetics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, pick to light has shown a considerable increase in demand across the globe and is predicted to continue to do so over the forecast period. The growth is attributed to the advantages offered by the former, the market for wired pick to light is expected to grow at a faster CAGR than the market for wireless pick to light. Wireless pick-to-light systems have gained popularity in recent years as they are wireless, they are more expensive than wired pick-to-light systems.
Global Pick to Light Market was valued at USD 539.66 million in 2021 and is expected to reach USD 1021.29 million by 2029, registering a CAGR of 8.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Operation (Putting, Picking), Method (Auto Guided, Manual), Power Source (Wireless, Wired) Application (Assembly and Manufacturing, Retail and E-commerce, Food and Beverages, Pharma and Cosmetics, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Daifuku Co., Ltd. (Japan), Murata Machinery Ltd., (Japan), SCHAEFER SYSTEMS INTERNATIONAL PVT LTD (Germany), Dematic (U.S.), Honeywell International Inc (U.S.), Vanderlande Industries B.V. (Netherlands), Swisslog Holding AG 2 (Switzerland), KNAPP AG(Austria), Bastian Solutions, LLC (U.S.), AIOI-System (Japan), Turck (Germany), Lightning Pick Technologies (U.S.), and KBS Industrieelektronik GmbH (Germany). Also, Pcdata (Netherlands), IHI Corporation (Japan), SpeasTech (U.S.), and Voodoo Robotics (U.S.)
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Market Opportunities
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Market Definition
Pick to light is a method of picking items from warehouse shelves that uses lights to guide workers. Unlike other warehouse picking systems, Pick to light allows for quick collection without a list. A typical light-based picking system employs a variety of colored LED lights as well as a series of letters and numbers.
Pick to Light Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surging Industrialization
The industrial revolution in developing countries will create growth prospects for key market players as an increasing number of small and medium-sized enterprises adopt technology. More than 98 percent of businesses in Asia-Pacific are SMEs. In low-income countries, such as India, these services account for 17% of the national gross domestic product. This factor further bolsters the demand for pick to lights.
Furthermore, the emergence of advanced automated warehouses, the expansion of the e-commerce industry, and the globalization of the supply chain network are driving the growth of this market. Furthermore, pick to light provides error-free and higher productivity operations, as well as improved labor utilization. Because of the need for quick and efficient distribution of goods in this industry, the retail and e-commerce industry is expected to capture the largest share of the market. Furthermore, the growing online shopping trend encourages the use of pick to light systems in warehouses to ensure quick and accurate delivery of goods.
Opportunities
- Emphasis on Domestic Production and Requirement for Customized Facilities
The increasing emphasis on domestic production by emerging economies are estimated to generate lucrative opportunities for the market, which will further expand the pick to light market's growth rate in the future. Additionally, the need for highly customized automated warehousing facilities will also offer numerous growth opportunities within the market.
Restraints/Challenges
- High Initial Investments
However, the high capital investment for installation and financial strength for maintenance may limit global market growth.
- Drawbacks of Pick to Light
Also, these pick to lights are basically unsuitable for heavy products and large picking areas further restricts the market growth. This factor is projected to pose as a challenge for the pick to light market over the forecast period.
This pick to light market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pick to light market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pick to Light Market Scope
The pick to light market is segmented on the basis of operation, method, power source and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Operation
- Putting
- Picking
Method
- Auto Guided
- Manual
Power Source
- Wireless
- Wired
Application
- Assembly and Manufacturing
- Retail and E-commerce
- Food and Beverages
- Pharma and Cosmetics
- Others
Pick to Light Market Regional Analysis/Insights
The pick to light market is analyzed and market size insights and trends are provided by country, operation, method, power source and application as referenced above.
The countries covered in the pick to light market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the pick to light market because of the presence of several manufacturing key players and advanced warehousing facilities of many industries like automotive, aerospace and defense, machinery, and electrical and electronics within the region during the forecast period of 2022 to 2029.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the thriving manufacturing sector and increasing emphasis on domestic production by developing countries like China and India within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pick to Light Market Share Analysis
The pick to light market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pick to light market.
Some of the major players operating in the pick to light market are
- Daifuku Co., Ltd. (Japan)
- Murata Machinery Ltd., (Japan)
- SCHAEFER SYSTEMS INTERNATIONAL PVT LTD (Germany)
- Dematic (U.S.)
- Honeywell International Inc (U.S.)
- Vanderlande Industries B.V. (Netherlands)
- Swisslog Holding AG 2 (Switzerland)
- KNAPP AG (Austria)
- Bastian Solutions, LLC (U.S.)
- AIOI-System (Japan)
- Turck (Germany)
- Lightning Pick Technologies (U.S.)
- KBS Industrieelektronik GmbH (Germany)
- Pcdata (Netherlands)
- IHI Corporation (Japan)
- SpeasTech (U.S.)
- Voodoo Robotics (U.S.)
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