Market Overview:
The global Pick-to-Light system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation in warehouses and distribution centers, rising labor costs, and the need for improved inventory accuracy and traceability. The Pick-to-Light system market can be segmented on the basis of type into manual order picking and semi-automatic order picking. The manual order picking segment is expected to hold a larger share of the market than the semi-automatic order picking segment during the forecast period. This can be attributed to its low cost as compared to semi-automatic order picking systems and its ability to handle large volumes of orders with high accuracy. On the basis of application,the Pick-to Light system market can be divided into tobacco, medicine, logistics, automotive, electrical business, and other applications. The tobacco application is expected to hold a major share of this market duringthe forecast period owing tobusinesses’ need for increased efficiencyand accuracyin their supply chains coupled with stringent government regulations mandating product traceability across all stagesof productionand distribution .
Product Definition:
A pick-to-light system is an inventory management system in which workers are given a list of items to be picked and the corresponding quantities, and then use a handheld device to scan the barcodes of the items they have picked. The purpose of a pick-to-light system is to improve accuracy and speed in order picking.
Manual Order Picking:
Manual order picking is a technique where the orders are entered manually by the operator. The orders are then processed and fulfilled in an efficient manner. This process is used for small as well as large quantities of products and has been witnessing significant growth over the past few years owing to its benefits such as low labor cost, flexibility, accuracy, speed, etc.
Semi-Automatic Order Picking:
Semi-automatic order picking and it's usage in the Pick-to-Light System market is a newly emerging trend in the industrial automation sector. The growing demand for energy efficient lighting systems has led to an increase in research & development activities related to energy management across industries.
Application Insights:
The other application segment includes food, beverages and tobacco. The pick-to-light system is used for picking the orders of these industries. Medicine order picking was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period owing to increasing demand for automated warehouses from pharmaceutical companies worldwide.
Automotive is another prominent industry using this technology as it helps in reducing human efforts and time consumption while handling huge lots of inventory with high accuracy levels, precision & consistency across different production lines which eventually leads to improved productivity & quality output thus improving business efficiency leading to increased adoption rate globally over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing automation of picking operations, rising adoption of order fulfillment technologies, and growing investments in warehouse management systems by companies for efficient inventory management. Moreover, favorable government initiatives promoting industrialization are anticipated to drive demand over the next eight years.
Asia Pacific is estimated to witness significant growth over the coming years owing to improving economic conditions and rapid urbanization resulting in increased consumer spending on electronics and electrical appliances across emerging countries such as China and India among others. Furthermore, an increase in e-commerce activities coupled with growing logistics industry will further propel regional product demand during the forecast period from 2018 to 2030 (estimated CAGR of XX% from 2018 until 2025).
Growth Factors:
- Increasing demand for just-in-time inventory management across various industries
- Growing popularity of automation and robotics in material handling processes
- Proliferation of smart factories and Industry 4.0 initiatives worldwide
- Rising labor costs in developed countries prompting the adoption of automated systems
- Growing awareness about the benefits of pick-to-light systems among small and medium businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Pick-to-Light System Market Research Report
By Type
Manual Order Picking, Semi-Automatic Order Picking
By Application
Tobacco, Medicine, Logistics, Automotive, Electrical Business, Other
By Companies
Dematic, ATOX, Lightning Pick, Pick to Light (AIOI Systems), ULMA Handling Systems, Daifuku, SSI SCHAEFER, Creform
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Pick-to-Light System Market Report Segments:
The global Pick-to-Light System market is segmented on the basis of:
Types
Manual Order Picking, Semi-Automatic Order Picking
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tobacco, Medicine, Logistics, Automotive, Electrical Business, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dematic
- ATOX
- Lightning Pick
- Pick to Light (AIOI Systems)
- ULMA Handling Systems
- Daifuku
- SSI SCHAEFER
- Creform
Highlights of The Pick-to-Light System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Order Picking
- Semi-Automatic Order Picking
- By Application:
- Tobacco
- Medicine
- Logistics
- Automotive
- Electrical Business
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pick-to-Light System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pick-to-light system is a type of traffic control signal that allows drivers to change lanes by selecting the appropriate light.
Some of the key players operating in the pick-to-light system market are Dematic, ATOX, Lightning Pick, Pick to Light (AIOI Systems), ULMA Handling Systems, Daifuku, SSI SCHAEFER, Creform.
The pick-to-light system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pick-to-Light System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pick-to-Light System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pick-to-Light System Market - Supply Chain
4.5. Global Pick-to-Light System Market Forecast
4.5.1. Pick-to-Light System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pick-to-Light System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pick-to-Light System Market Absolute $ Opportunity
5. Global Pick-to-Light System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pick-to-Light System Market Size and Volume Forecast by Type
5.3.1. Manual Order Picking
5.3.2. Semi-Automatic Order Picking
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pick-to-Light System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pick-to-Light System Market Size and Volume Forecast by Application
6.3.1. Tobacco
6.3.2. Medicine
6.3.3. Logistics
6.3.4. Automotive
6.3.5. Electrical Business
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pick-to-Light System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pick-to-Light System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pick-to-Light System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pick-to-Light System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pick-to-Light System Demand Share Forecast, 2019-2026
9. North America Pick-to-Light System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pick-to-Light System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pick-to-Light System Market Size and Volume Forecast by Application
9.4.1. Tobacco
9.4.2. Medicine
9.4.3. Logistics
9.4.4. Automotive
9.4.5. Electrical Business
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pick-to-Light System Market Size and Volume Forecast by Type
9.7.1. Manual Order Picking
9.7.2. Semi-Automatic Order Picking
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pick-to-Light System Demand Share Forecast, 2019-2026
10. Latin America Pick-to-Light System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pick-to-Light System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pick-to-Light System Market Size and Volume Forecast by Application
10.4.1. Tobacco
10.4.2. Medicine
10.4.3. Logistics
10.4.4. Automotive
10.4.5. Electrical Business
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pick-to-Light System Market Size and Volume Forecast by Type
10.7.1. Manual Order Picking
10.7.2. Semi-Automatic Order Picking
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pick-to-Light System Demand Share Forecast, 2019-2026
11. Europe Pick-to-Light System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pick-to-Light System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pick-to-Light System Market Size and Volume Forecast by Application
11.4.1. Tobacco
11.4.2. Medicine
11.4.3. Logistics
11.4.4. Automotive
11.4.5. Electrical Business
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pick-to-Light System Market Size and Volume Forecast by Type
11.7.1. Manual Order Picking
11.7.2. Semi-Automatic Order Picking
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pick-to-Light System Demand Share, 2019-2026
12. Asia Pacific Pick-to-Light System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pick-to-Light System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pick-to-Light System Market Size and Volume Forecast by Application
12.4.1. Tobacco
12.4.2. Medicine
12.4.3. Logistics
12.4.4. Automotive
12.4.5. Electrical Business
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pick-to-Light System Market Size and Volume Forecast by Type
12.7.1. Manual Order Picking
12.7.2. Semi-Automatic Order Picking
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pick-to-Light System Demand Share, 2019-2026
13. Middle East & Africa Pick-to-Light System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pick-to-Light System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pick-to-Light System Market Size and Volume Forecast by Application
13.4.1. Tobacco
13.4.2. Medicine
13.4.3. Logistics
13.4.4. Automotive
13.4.5. Electrical Business
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pick-to-Light System Market Size and Volume Forecast by Type
13.7.1. Manual Order Picking
13.7.2. Semi-Automatic Order Picking
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pick-to-Light System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pick-to-Light System Market: Market Share Analysis
14.2. Pick-to-Light System Distributors and Customers
14.3. Pick-to-Light System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dematic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ATOX
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lightning Pick
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pick to Light (AIOI Systems)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ULMA Handling Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daifuku
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SSI SCHAEFER
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Creform
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
