Pick to Light Market to Expand at a CAGR of 5.3% by 2024 Globally

Global Pick to Light Market

Pick to Light uses light devices mounted at item locations on flow rack, shelving, workstations or other storage media to guide operators to the correct product locations and quantities required to fill an order.

The growth of this market is propelled by the emergence of advanced automated warehouses, growth of the e-commerce industry, and globalization of the supply chain network. Moreover, pick to light offers error-free and better productivity operations and enhanced labor utilization.

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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.

According to this study, over the next five years, the Pick to Light market will register a 5.3% CAGR in terms of revenue, the global market size will reach US$ 950 million by 2024, from US$ 730 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Pick to Light business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Pick to Light market by product type, application, key manufacturers and key regions and countries.

This study considers the Pick to Light value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Manual
Auto-Guided

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Assembly & Manufacturing
Retail & E-Commerce
Pharma & Cosmetics
Food & Beverages
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market: Breakdown data in in Chapter 3.

Daifuku
Murata Machinery
SSI SCHAEFER
Dematic
Honeywell
Kardex Group
Sick AG
Knapp AG
Aioi-Systems Co
Swisslog
Vanderlande
ULMA Handling Systems
Hans Turck GmbH
Bastian Solutions
Weidmuller
Banner
CREFORM Yazaki-Kako
Wenglor Sensonic
Lightning Pick Technologies
ATOX Sistemas
KBS Industrieelektronik
Insystems Automation
Falcon Autotech

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Pick to Light consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Pick to Light market by identifying its various sub-segments.
Focuses on the key global Pick to Light manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Pick to Light with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Pick to Light submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Pick to Light Consumption Market Report

Scope of the Report
Executive Summary
Global Pick to Light by Players
Pick to Light by Regions
Americas Market
APAC Market
Europe Market
The Middle East & Africa Market
Market Drivers, Challenges and Trends
Marketing, Distributors, and Customer
Global Pick to Light Market Forecast
Key Players Analysis
Research Findings and Conclusion

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