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Pick to Light Market Emerging Trends | Daifuku, Murata Machinery, SSI Schaefer, Dematic and Otherts.
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Major Vendors profiled in the Pick to Light Market include 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).
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.
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“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.
Target Audience for Pick to Light Market:
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
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