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Global Pick-to-Light Systems Market 2019-2023 - Emergence of Pick-to-Voice Systems - ResearchAndMarkets.com

May 22, 2019

DUBLIN--(BUSINESS WIRE)--May 22, 2019--

The “Global Pick-to-Light Systems Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The pick-to-light systems market will register a CAGR of over 6% by 2023.

Growing number of fulfillment centers will drive the growth of the global market during the forecast period. Fulfilment centers enable enterprises, especially those in the e-commerce industry, to outsource their warehousing and shipping. These centers support enterprises in the storage of all their products, thus ensuring that they (the enterprises) do not have to manage inventories directly.

Pick-to-light systems aid these fulfillment centers to increase their efficiency and reduce shipping errors. In addition, these systems also help in increasing the pick rate productivity as well as in enhancing accuracy. Thus, the increase in the number of fulfillment centers will lead to an increase in demand for pick-to-fight systems.

Market Overview

Increased efficiency in warehouse operation

Pick-to-light systems aid in minimizing travel by employees in a warehouse or distribution center to pick up products, which, in turn helps in enhancing the efficiency of warehouse operations. A pick-to-light system guides employees to pick up the selected products through its digital light display. Also, a pick-to-light system provides the employee with an optimized path, and thus, it aids in increasing the throughput rates.

Emergence of pick-to-voice systems

In a high-intensity and complex warehouse, there can be multiple picking locations where the employee needs to be fast and accurate. In such places, a pick-to-voice system or voice-directed system can be used to improve the accuracy of picking and enhance the speed of picking by employees. Thus, the emergence of pick-to-voice systems will impact the demand for pick-to-light systems, hindering the growth of the market in focus during the forecast period.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies including Matthews International Corp. and SSI Schaefer Group the competitive environment is quite intense. Factors such as the increased efficiency in warehouse operations and growing number of fulfillment centers will provide considerable growth opportunities to pick-to-light systems manufactures.

Bastian Solutions Inc., Daifuku Co. Ltd., Kardex Group, Matthews International Corp., and SSI Schaefer Group are some of the major companies covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

PART 14: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/1r3m50

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005649/en/

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Related Topics:Supply Chain Management

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/22/2019 12:11 PM/DISC: 05/22/2019 12:11 PM

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