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

  • ID: 4435925
  • Report
  • Region: Global
  • 124 Pages
  • Markets and Markets
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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.

FEATURED COMPANIES

  • Aioi-Systems Co
  • Bastian Solutions
  • Dematic
  • Honeywell Intelligrated
  • Kardex Group
  • Murata Machinery
  • MORE

“Pick to light market to exhibit steady growth between 2017 and 2023”

The growth of this market is propelled by the emergence of 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.

“Pick to light market for assembly & manufacturing industry to grow at highest CAGR during forecast period”

Owing to significant growth in the automotive spare parts market, the industry needs efficient warehousing setup to ensure fast delivery of products. Automotive manufacturers, component providers, and suppliers seek to create differentiation by providing excellent order fulfillment through efficient product delivery. Moreover, the uninterrupted supply of automotive spare parts is important for efficient after-sales services and customer satisfaction. Electronics, furniture, and other industries are also implementing pick to light technology in their assembly and manufacturing plants.

“Europe expected to capture largest market share by 2023”

Europe is one of the major regions in the pick to light market. The retail & e-commerce industry is one of the key contributors to the logistics activities across Europe. The warehousing and logistics sector in Europe is positively impacting the pick to light market. Moreover, the region has numerous manufacturing and warehousing facilities of various industries, such as automotive, aerospace & defense, machinery, and electrical and electronics. This has created significant demand among warehouse operating companies for sophisticated pick to light solutions to manage warehousing and distribution operations of these end-user industries.

The breakup of the profiles of primary participants for the report has been given below:

  • By Company Size: Tier 1 = 25%, Tier 2 = 30%, and Tier 3 = 45%
  • By Designation: C-Level Executives = 48%, Directors = 35%, and Others = 17%
  • By Region: North America = 20%, Europe = 28%, APAC = 40%, and RoW = 12%

The pick to light market is dominated by various players according to their core competencies. Key players in this market are Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), and Honeywell Intelligrated (US). Moreover, others players such as Vanderlande Industries (Netherlands), Swisslog (Switzerland), KNAPP (Austria), Bastian Solutions (US), AIOI-Systems (Japan), Turck (Germany), Lightning Pick Technologies (US), and KBS Industrieelektronik GmbH (Germany) play a significant role in the pick to light market.

Research Coverage:

The report on the global pick to light market covers different segments - method, power source, operation, industry, and geography. The market based on method has been segmented into auto guided and manual. On the basis of power source, the pick to light market has been classified into wired and wireless. The report covers 2 types of operations—picking and putting. Further, the pick to light market has been segmented on the basis of industries into assembly and manufacturing; retail and e-commerce; pharma and cosmetics; food & beverages, and others (3PL, apparel, and stationery). The report covers 4 major geographic regions - North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:

  • Illustrative segmentation, analysis, and forecast for the market based on method, power source, operation, industry, and geography have been conducted to provide an overall view of the pick to light market.
  • The value chain analysis has been included in the report to provide an in-depth insight into the pick to light market.
  • Major drivers, restraints, opportunities, and challenges for the pick to light market have been detailed in this report.
  • A detailed competitive landscape, along with key players and their revenues and growth strategies, has been included in the report.
  • Key players in the pick to light market have been profiled, including their recent developments, product launches, and SWOT analysis. Also, MnM’s view on these players has been included.
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FEATURED COMPANIES

  • Aioi-Systems Co
  • Bastian Solutions
  • Dematic
  • Honeywell Intelligrated
  • Kardex Group
  • Murata Machinery
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown And Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Opportunities in Pick to Light Market
4.2 Pick to Light Market, By Method
4.3 Pick to Light Market, By Operation
4.4 Pick to Light Market in Europe, By Country And Industry
4.5 Pick to Light Market, By Geography
 
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of E-Commerce Industry
5.2.1.2 Error-Free And Better Productive Operations
5.2.2 Restraints
5.2.2.1 Large Capital Investment
5.2.2.2 Unsuitable for Heavy Products And Large Picking Areas
5.2.3 Opportunities
5.2.3.1 Increasing Use By Smes
5.2.3.2 Industrial Growth in Emerging Economies
5.2.4 Challenges
5.2.4.1 Price Complexity
5.3 Value Chain Analysis
5.4 Mergers & Acquisitions in Warehouse Automation And Pick to Light Markets
5.4.1 Honeywell Acquired Intelligrated for USD 1.5 Billion
5.4.2 Kion Group Become a Global Leader in Intralogistic And Automated Material Handing With Three Acquisitions
5.5 Key Components
5.5.1 Hardware
5.5.2 Software

6 Pick to Light Market, By Operation
6.1 Introduction
6.2 Picking
6.3 Putting

7 Pick to Light Market, By Method
7.1 Introduction
7.2 Manual
7.3 Auto Guided

8 Pick to Light Market, By Power Source
8.1 Introduction
8.2 Wireless
8.3 Wired
 
9 Pick to Light Market, By Industry
9.1 Introduction
9.2 Assembly & Manufacturing
9.3 Retail & E-Commerce
9.4 Pharma & Cosmetics
9.5 Food & Beverages
9.6 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 Us
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Uk
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 Apac
10.4.1 China
10.4.2 Japan
10.4.3 Rest of Apac
10.5 Row
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis , 2016
11.3 Competitive Situations And Trends
11.3.1 Product Launches And Developments
11.3.2 Contracts And Agreements
11.3.3 Acquisitions And Collaborations
 
12 Company Profiles
12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mnm View)*
12.2 Daifuku
12.3 Murata Machinery
12.4 Ssi Schafer
12.5 Dematic
12.6 Honeywell Intelligrated
12.7 Swisslog Holding Ag
12.8 Knapp Ag
12.9 Kardex Group
12.10 Vanderlande Industries B.V.
12.11 Bastian Solutions
12.12 Aioi-Systems Co
12.13 Hans Turck Gmbh & Co. Kg
12.14 Lightning Pick Technologies
12.15 Kbs Industrieelektronik Gmbh
12.16 Component Suppliers
12.16.1 Panasonic
12.16.2 Omron
12.16.3 Sick Ag
12.16.4 Banner Engineering
12.16.5 Wenglor Sensoric Gmbh
12.16.6 Insystems Automation Gmbh
*Details On Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured in Case of Unlisted Companies.
 
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide for Pick to Light Market
13.3 Knowledge Store:’ Subscription Portal
13.4 Introducing Rt: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables
Table 1 Major Secondary Sources
Table 2 Primary Interviews With Experts
Table 3 E-Commerce Industry Expected to Witness Significant Growth in Number of Online Buyers
Table 4 Pick to Light Market, By Operation, 2014-2023 (USD Million)
Table 5 Pick to Light Market for Picking Operation, By Method, 2014-2023 (USD Million)
Table 6 Pick to Light Market for Putting Operation, By Method, 2014-2023 (USD Million)
Table 7 Pick to Light Market, By Method, 2014-2023 (USD Million)
Table 8 Pick to Light Market for Manual Method, By Region, 2014-2023 (USD Million)
Table 9 Pick to Light Market for Auto Guided Method, By Region, 2014-2023 (USD Million)
Table 10 North American Pick to Light Market, By Method, 2014-2023 (USD Million)
Table 11 European Pick to Light Market, By Method, 2014-2023 (USD Million)
Table 12 Pick to Light Market in Apac, By Method, 2014-2023 (USD Million)
Table 13 Pick to Light Market in Row, By Method, 2014-2023 (USD Million)
Table 14 Pick to Light Market, By Power Source, 2014-2023 (USD Million)
Table 15 Wireless Pick to Light Market, By Region, 2014-2023 (USD Million)
Table 16 Wired Pick to Light Market, By Region, 2014-2023 (USD Million)
Table 17 North American Pick to Light Market, By Power Source, 2014-2023 (USD Million)
Table 18 European Pick to Light Market, By Power Source, 2014-2023 (USD Million)
Table 19 Pick to Light Market in Apac, By Power Source, 2014-2023 (USD Million)
Table 20 Pick to Light Market in Row, By Power Source, 2014-2023 (USD Million)
Table 21 Pick to Light Market, By Industry, 2014-2023 (USD Million)
Table 22 Pick to Light Market for Assembly & Manufacturing, By Region, 2014-2023 (USD Million)
Table 23 Pick to Light Market for Retail & E-Commerce, By Region, 2014-2023 (USD Million)
Table 24 Pick to Light Market for Pharma & Cosmetics, By Region, 2014-2023 (USD Million)
Table 25 Pick to Light Market for Food & Beverages, By Region, 2014-2023 (USD Million)
Table 26 Pick to Light Market for Others, By Region, 2014-2023 (USD Million)
Table 27 Pick to Light Market, By Region, 2014-2023 (USD Million)
Table 28 Pick to Light Market in North America, By Industry, 2014-2023 (USD Million)
Table 29 Pick to Light Market in North America, By Country, 2014-2023 (USD Million)
Table 30 Pick to Light in Market Europe, By Industry, 2014-2023 (USD Million)
Table 31 Pick to Light Market in Europe, By Country, 2014-2023 (USD Million)
Table 32 Pick to Light Market in Apac, By Industry, 2014-2023 (USD Million)
Table 33 Pick to Light Market in Apac, By Country, 2014-2023 (USD Million)
Table 34 Pick to Light Market in Row, By Industry, 2014-2023 (USD Million)
Table 35 Pick to Light Market in Row, By Region, 2014-2023 (USD Million)
Table 36 Ranking of Top 5 Players (2016)

List of Figures
Figure 1 Pick to Light Market Segmentation
Figure 2 Pick to Light Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Pick to Light Market Segmentation
Figure 7 Pick to Light Market for Putting Operation to Grow at Higher CAGR During Forecast Period
Figure 8 Wired Pick to Light Expected to Dominate the Market During Forecast Period
Figure 9 Manual Method Estimated to Dominate Pick to Light Market Between 2017 And 2023
Figure 10 Retail & E-Commerce Industry Expected to Hold Largest Size of Pick to Light Market By 2023
Figure 11 Europe Expected to Hold the Largest Share of Pick to Light Market in 2017
Figure 12 Attractive Opportunities in Pick to Light Market Between 2017 And 2023
Figure 13 Manual Method Expected to Dominate Pick to Light Market During Forecast Period
Figure 14 Picking Expected to Capture Larger Share of Pick to Light Market By 2023
Figure 15 Germany Estimated to Capture Largest Share of Pick to Light Market in Europe in 2017
Figure 16 Pick to Light Market in Apac to Grow at Highest CAGR During Forecast Period
Figure 17 Droc: Pick to Light Market
Figure 18 Comparison Chart
Figure 19 Pick to Light Value Chain
Figure 20 Salient Features of Intelligrated Growth Story
Figure 21 Kion Group Gains Significant Share in North America Automated Material Handing Market
Figure 22 Pick to Light Market, By Operation
Figure 23 Manual Method Expected to Dominate Pick to Light Market for Picking Operation During Forecast Period
Figure 24 Pick to Light Market, By Method
Figure 25 Pick to Light Market, By Power Source
Figure 26 Wired Pick to Light Expected to Dominate the Market During Forecast Period
Figure 27 Europe Estimated to Capture Largest Share of Wired Pick to Light Market in 2017
Figure 28 Pick to Light Market, By Industry
Figure 29 Pick to Light Market for Assembly & Manufacturing Industry to Grow at Highest CAGR During Forecast Period
Figure 30 Pick to Light Market, Geographic Snapshot (2017-2023)
Figure 31 Snapshot of Pick to Light Market in North America
Figure 32 Snapshot of Pick to Light Market in Europe
Figure 33 Snapshot of Pick to Light Market in Apac
Figure 34 South America Expected to Dominate Pick to Light Market in Row During Forecast Period
Figure 35 Battle for Market Share: Contracts And Agreements Was Key Strategy Adopted By Players
Figure 36 Daifuku: Company Snapshot
Figure 37 Daifuku Co., Ltd.: Swot Analysis
Figure 38 Murata Machinery, Ltd.: Company Snapshot
Figure 39 Murata Machinery, Ltd.: Swot Analysis
Figure 40 Ssi Schaefer Group: Swot Analysis
Figure 41 Dematic Gmbh: Swot Analysis
Figure 42 Honeywell Intelligrated: Swot Analysis
Figure 43 Kardex Group: Company Snapshot
Figure 44 Vanderlande Industries B.V.: Company Snapshot

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FEATURED COMPANIES

  • Aioi-Systems Co
  • Bastian Solutions
  • Dematic
  • Honeywell Intelligrated
  • Kardex Group
  • Murata Machinery
  • MORE

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.

The market for wired pick to light is expected to grow at a higher CAGR than for wireless pick to light owing to the benefits offered by the former. Wired pick to light systems are simple and cost-effective for picking process. The adoption of wired pick to light systems is high owing to their high ROI. Wireless pick to light systems gained traction in recent years; however, due to the wireless feature, these cost higher than wired pick to light systems.

Pick to light systems support picking and sorting operations from shelves to other locations. Light-directed picking and putting provide better productivity and error-free operations, resulting in enhanced productivity. Picking operations are widely used for order fulfillment process in e-commerce, and pharma and cosmetics industries. They are most suitable for piece picking and broken case picking of items. However, the use of pick to light for putting operation is expected to gain traction in the coming years.

Europe is an early adopter of pick to light systems and a mature market for pick to light. Europe held the largest market share in 2016, and it is expected to sustain its position in the coming years. The region has numerous manufacturing and warehousing facilities of various industries, such as automotive, aerospace & defense, machinery, and electrical and electronics. Need for highly customized automated warehousing facilities and the industrialization of countries in Eastern Europe drive the pick to light market in the European region. Fast-growing e-commerce industry, booming manufacturing sector, and increasing emphasis on domestic production by emerging economies such as China and India are the key factors for the significant growth of the pick to light market in APAC.

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 market players such as Murata Machinery (Japan), SSI Schafer (Germany), Dematic (US), Honeywell Intelligrated (US), Swisslog (Switzerland), and Lightning Pick Technologies (US) are focusing on strategies such as product launches, contracts, agreements, acquisitions, and collaborations to enhance their product offerings and expand their businesses.

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  • 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
Note: Product cover images may vary from those shown
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