Pick to Light Market Forecast Report 2024-2030: Adoption of Pick to Light in Cold Storage and Food Industry Expands Addressable Market


Dublin, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The "Pick to Light - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Pick to Light was estimated at US$506.1 Million in 2023, and is projected to reach US$789.5 Million by 2030, growing at a CAGR of 6.6% from 2023 to 2030.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Assembly & Manufacturing End-Use segment, which is expected to reach US$220.2 Million by 2030 with a CAGR of a 7.6%. The Retail & eCommerce End-Use segment is also set to grow at 5.7% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $134.1 Million in 2023, and China, forecasted to grow at an impressive 11.0% CAGR to reach $194.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Pick, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pick.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Pick expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Aioi-Systems Co., Ltd., Banner Engineering Corporation, Bastian Solutions, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report AttributeDetails
No. of Pages193
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$506.1 Million
Forecasted Market Value (USD) by 2030$789.5 Million
Compound Annual Growth Rate6.6%
Regions CoveredGlobal



Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Pick to Light - Global Key Competitors Percentage Market Share in 2024 (E)
  • Global Economic Update
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

FOCUS ON SELECT PLAYERS

  • Aioi-Systems Co., Ltd.
  • Banner Engineering Corporation
  • Bastian Solutions
  • Daifuku Co., Ltd.
  • Dematic
  • Hans Turck GmbH & Co. KG
  • Honeywell Intelligrated
  • Insystems Automation GmbH
  • Kardex AG
  • KBS Industrieelektronik GmbH
  • Knapp AG
  • Lightning Pick Technologies LLC.
  • Murata Machinery Ltd.
  • Omron Corporation
  • Panasonic Corporation
  • SICK AG
  • SSI SCHAFER
  • Swisslog Holding AG
  • Vanderlande Industries BV
  • Wenglor sensoric GmbH

MARKET TRENDS & DRIVERS

  • Increasing Adoption of Automation in Warehousing Propels Market Growth
  • Technological Advancements in LED Lighting Systems Drives Demand
  • Rising E-commerce and Online Retail Activity Expands Market Opportunities
  • Enhanced Accuracy and Efficiency in Order Picking Strengthens Business Case for Pick to Light
  • Integration with Warehouse Management Systems Spurs Market Expansion
  • Growing Focus on Reducing Order Fulfillment Time Generates Demand
  • Expansion of Omni-Channel Retail Strategies Sustains Market Growth
  • Increasing Use in Manufacturing and Assembly Line Operations Propels Market Demand
  • Adoption of Pick to Light in Cold Storage and Food Industry Expands Addressable Market
  • Rising Labor Costs Drives Adoption of Automated Picking Solutions
  • Enhanced Ergonomics and Worker Productivity Strengthens Market Position
  • Growth in Consumer Goods and Retail Sectors Generates Market Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/ibb2n1

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Global Pick to Light Market

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