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
The pick to light market was valued at USD 304.1 Million in 2016 and is expected to reach USD 538.2 Million by 2023, at a CAGR of 8.84% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023.
The objective of the report is to provide a detailed analysis of the market based on method, power source, operation, industry, and region. The report provides detailed information regarding the major factors influencing the growth of the pick to light market. The report also gives a detailed overview of the value chain in the ecosystem of pick to light and analyzes the market trends based on the competitive leadership analysis.
The research methodology used to estimate and forecast the pick to light market begins with capturing data pertaining to the revenue of companies through secondary sources such as the International Warehouse Logistics Association (IWLA), Warehousing Education and Research Council (WERC), Material Handling Industry (MHI), and the newsletters of leading players. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenues of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure:
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The pick to light value chain comprises the following phases: product concept; manufacturing and assembly; distribution; end user; and post-sale services. Product concept is the initial phase of pick to light value chain. In this phase, companies focus on requirements gathering to define the process. AIOI-Systems (Japan), Banner Engineering (US), Panasonic (Japan), Omron (Japan), and Sick AG (Germany) are some of the hardware manufacturers. These companies provide pick to light sensors and modules. Pick to light solutions can operate as stand-alone products; they can also be integrated with warehouse management software (WMS).
Companies covered in this report are Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), Honeywell Intelligrated (US), Vanderlande Industries (Netherlands), Swisslog (Switzerland), KNAPP (Austria), Bastian Solutions (US), AIOI-System (Japan), Turck (Germany), Lightning Pick Technologies (US), and KBS Industrieelektronik GmbH (Germany). Also, Pcdata (Netherlands), IHI Corporation (Japan), SpeasTech (US), and Voodoo Robotics (US) contribute to the growth of the pick to light market.
Target Audience for the Report:
- Pick to light module manufacturers
- Raw material suppliers
- Technology investors and venture capital firms
- Original technology designers and suppliers
- Integrated device manufacturers (IDMs)
- System integrators
- Electronic hardware equipment manufacturers
- Assembly and packaging vendors
- Companies working in the warehouse management system market
- Analysts and strategic business planners
- End-user industries
- Governments, financial institutions, and investment communities
- Research organizations
- Forums, alliances, and associations
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.
Scope of the Report:
This report categorizes the global pick to light market on the basis of method, power source, operation, industry, and geography.
Pick to Light Market, by Operation
- Putting
- Picking
Pick to Light Market, by Method
- Auto Guided
- Manual
Pick to Light Market, by Power Source
- Wireless
- Wired
Pick to Light Market, by Industry
- Assembly & Manufacturing
- Retail & E-commerce
- Food & Beverages
- Pharma & Cosmetics
- Others
Pick to Light Market, by Region
- North America
- Europe
- APAC
- RoW
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
Detailed analysis and profiling of additional market players (up to 5)
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 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 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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Table of Contents
1 Introduction (Page No. - 13)
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 (Page No. - 17)
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 (Page No. - 27)
4 Premium Insights (Page No. - 32)
4.1 Opportunities in Pick to Light Market
4.2 Pick to Light Market, By Method
4.3 Market, By Operation
4.4 Market in Europe, By Country and Industry
4.5 Market, By Geography
5 Pick To Light Market Overview (Page No. - 35)
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 (Page No. - 43)
6.1 Introduction
6.2 Picking
6.3 Putting
7 Pick to Light Market, By Method (Page No. - 47)
7.1 Introduction
7.2 Manual
7.3 Auto Guided
8 Pick to Light Market, By Power Source (Page No. - 52)
8.1 Introduction
8.2 Wireless
8.3 Wired
9 Pick to Light Market, By Industry (Page No. - 58)
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 (Page No. - 65)
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 (Page No. - 80)
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 (Page No. - 84)
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 (Page No. - 114)
13.1 Insights of Industry Experts
13.2 Discussion Guide for Pick to Light Market
13.3 Knowledge Store: Marketsandmarkets’ 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 (36 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 Market for Manual Method, By Region, 2014–2023 (USD Million)
Table 9 Market for Auto Guided Method, By Region, 2014–2023 (USD Million)
Table 10 North American Market, By Method, 2014–2023 (USD Million)
Table 11 European Market, By Method, 2014–2023 (USD Million)
Table 12 Market in APAC, By Method, 2014–2023 (USD Million)
Table 13 Market in RoW, By Method, 2014–2023 (USD Million)
Table 14 Market, By Power Source, 2014–2023 (USD Million)
Table 15 Wireless Market, By Region, 2014–2023 (USD Million)
Table 16 Wired Market, By Region, 2014–2023 (USD Million)
Table 17 North American Market, By Power Source, 2014–2023 (USD Million)
Table 18 European Market, By Power Source, 2014–2023 (USD Million)
Table 19 Market in APAC, By Power Source, 2014–2023 (USD Million)
Table 20 Market in RoW, By Power Source, 2014–2023 (USD Million)
Table 21 Market, By Industry, 2014–2023 (USD Million)
Table 22 Market for Assembly & Manufacturing, By Region, 2014–2023 (USD Million)
Table 23 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 Market for Food & Beverages, By Region, 2014–2023 (USD Million)
Table 26 Market for Others, By Region, 2014–2023 (USD Million)
Table 27 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 Market in Europe, By Industry, 2014–2023 (USD Million)
Table 31 Market in Europe, By Country, 2014–2023 (USD Million)
Table 32 Market in APAC, By Industry, 2014–2023 (USD Million)
Table 33 Market in APAC, By Country, 2014–2023 (USD Million)
Table 34 Market in RoW, By Industry, 2014–2023 (USD Million)
Table 35 Market in RoW, By Region, 2014–2023 (USD Million)
Table 36 Ranking of Top 5 Players (2016)
List of Figures (44 Figures)
Figure 1 Pick to Light Market Segmentation
Figure 2 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 Market Segmentation
Figure 7 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 Market Between 2017 and 2023
Figure 10 Retail & E-Commerce Industry Expected to Hold Largest Size of Market By 2023
Figure 11 Europe Expected to Hold the Largest Share of Market in 2017
Figure 12 Attractive Opportunities in Market Between 2017 and 2023
Figure 13 Manual Method Expected to Dominate Market During Forecast Period
Figure 14 Picking Expected to Capture Larger Share of Market By 2023
Figure 15 Germany Estimated to Capture Largest Share of Market in Europe in 2017
Figure 16 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 17 Droc: 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 Market, By Operation
Figure 23 Manual Method Expected to Dominate ight Market for Picking Operation During Forecast Period
Figure 24 Market, By Method
Figure 25 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 Market in 2017
Figure 28 Market, By Industry
Figure 29 Market for Assembly & Manufacturing Industry to Grow at Highest CAGR During Forecast Period
Figure 30 Market, Geographic Snapshot (2017–2023)
Figure 31 Snapshot of Market in North America
Figure 32 Snapshot of Market in Europe
Figure 33 Snapshot of Market in APAC
Figure 34 South America Expected to Dominate 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
Growth opportunities and latent adjacency in Pick to Light Market