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Global Pick-to-Light System Market 2018-2022 | Increased Productivity and Improved Order Accuracy Drive Growth | Technavio

January 7, 2019

LONDON--(BUSINESS WIRE)--Jan 7, 2019--The global pick-to-light system market research report by predicts the market to post a CAGR of around 6% during the period 2018-2022.

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Technavio has published a new market research report on the global pick-to-light system market from 2018-2022. (Graphic: Business Wire)

A key driver for the global pick-to-light system market is the increased productivity and improved order accuracy. The distribution centers have been experiencing pressure from several retail channels that is further compounded by the challenges of e-commerce, the rising number of SKUs, seasonal demand curves, and high service expectations. The distribution centers are adopting pick-to-light systems to counter these challenges. These systems will ensure improved efficiency under seasonal surges.

Technavio classifies increased automation in warehouse functions is an essential factor that can significantly impact the market and contribute to its growth. This market research report also provides an analysis of other drivers and trends expected to affect the market outlook during the period 2018-2022.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increase in automation in warehouse functions as one of the key trends in the global pick-to-light system market:

Global pick-to-light system market: Increase in automation in warehouse functions

The global e-commerce market witnessed approximately 6% increase in sales in 2017. This has created a requirement for coordination between the various supply chains based on real-time, to accommodate sales volumes. It is estimated that 12% of warehouse processes were fully automated, and 30% were partially automated in 2017. During the forecast period, a rise of around 15% is expected to be witnessed in the automation of warehouse processes.

“The increased need for automation in the warehousing sector will be catered to with IoT and machine learning. Communication equipment such as conveyors, rack and shelving, lift trucks, dock equipment, palletizers, pallets, bins, and containers will be connected to WMS, labor center, transportation center, and customer management system. This will increase workflow efficiency, optimize warehouse operation, and provide with real-time data related to the operation to detect any malfunctions or bottlenecks,” says a senior research analyst at Technavio.

Global pick-to-light system market: Segmentation analysis

This pick-to-light system market analysis report segments the market by application (automotive, retail, e-commerce, and 3PL, F&B, and others) and geography (the Americas, APAC, and EMEA).

The EMEA region led the market in 2017, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190107005534/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

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

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/07/2019 09:25 AM/DISC: 01/07/2019 09:25 AM

http://www.businesswire.com/news/home/20190107005534/en

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