Global Warehouse Order Picking Market to reach USD 13.56 billion by 2027.Global Warehouse Order Picking Market is valued approximately USD 6.87 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2021-2027. Warehouse Order Picking refers to the process where individual items are picked from a fulfillment facility to satisfy customers order.Distribution centres and warehouses are the essential part of a commodity maintenance and storage globally. Rising demand for automation in warehouses has led the adoption of Warehouse Order Picking market across the forecast period. The warehouse order picking system assist in the lifting of single as well as multiple piece orders that are in one line are expected to fuel the market in the upcoming years.The growing trend of incorporating Big Data and Artificial Intelligence is expected to provide opportunities for the market players which in turn fuel the market in the upcoming years. For instance, According to ABI Research, by 2025, over 4 million commercial robots were installed in over 50,000 warehouses. Rapid development of E-commerce Industry has led the adoption of warehouse picking market in the upcoming years The rising demand for supply chain operations has led companies upgrade their products and service offerings to cater to the personalized requirements has led the warehouse order picking market to grow in the upcoming years. However, One of the biggest challenges in the effective implementation of warehouse order picking system is the lack of know-hoe among operatorswhich results in fewer processed orders and increased response time hamper the overall productivity and the growth of the market in the upcoming years. Also, Small and medium sizedSmall and medium sized business prefer low budget operations owing to which they deploy cost effective solutions in their warehouse.This is contributing to the growth of the market for warehouse order picking in the upcoming years.
The regional analysis of global Warehouse Order Picking market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is a significant region across the world in terms of market share owing to the high adoption of order fulfillment technologies which has led the market growth in the recent years. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing retail and e-commerce sales as well as rapid digitalization in industry would create lucrative growth prospects for the Warehouse Order Picking market across Asia-Pacific region.
Major market player included in this report are:
American Barcode and RFID
Barcodes ,Inc
Bastian Solutions , Inc
Distribution Technologies PTY Ltd
Finale Inventory
Keymass Limited
Knapp Ag
MWPVL International Inc
QC Software ,LLC
SalesWarp
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
Paper based
Barcode Scanning/RFID Scanning
By Deployment:
On Premise
Cloud
By Application:
Construction
Manufacturing
Retail
E-Commerce
Healthcare, Pharma and Cosmetics
Transportation and Logistics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Warehouse Order Picking Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors