The global warehouse order picking market size is expected to
reach USD 11.16 billion by 2025, registering an estimated CAGR of 10.2% from
2019 to 2025 according to a new report by Grand View Research, Inc. The rising
demand for automation in warehouses to reduce the response time and increase
order fulfillment productivity is the key factor driving the market growth.
Furthermore, the rapid development of the e-commerce industry has resulted in
an increasing number of fulfillment centers worldwide, thereby boosting the
deployment of order picking systems.
The order picking process is expected to account
for 50–55% of the total warehouse operating cost. As a result, the warehouse
industry has witnessed a tremendous technological shift wherein the traditional
processes are now being replaced with semi-automated as well as automated
solutions. Traditional methods, including paper-based picking (semi-automated
systems), in which laborers are provided with batch sheets to pick parcel
shipments, are being replaced with technologically upgraded solutions such as
augmented reality-based and voice-based solutions. These solutions are
anticipated to reduce the cost incurred, thereby improving the efficiency of
the systems as well as lowering the response time.
On the other hand, globalization has resulted
in the complexity of supply chain networks, owing to which companies are
outsourcing their manufacturing and storage activities from third-party
organizations. Moreover, the rising demand for managing supply chain operations
has led companies to upgrade their product and service offerings to cater to
the personalized requirements of end users, which would help them attain an
extensive customer base.
Browse full research report on Warehouse
Order Picking Market:
https://www.grandviewresearch.com/industry-analysis/warehouse-order-picking-market
Further key
findings from the study suggest:
- The barcode scanning/RFID based solutions
segment accounted for over 25% of the total revenue share in the market
- The cloud segment is expected to grow at a
significant rate over the next six years owing to its ability to track
logistics in real-time and reduce the margin of errors, thereby improving
the efficiency and productivity of warehouses
- North America accounted for the largest
revenue share in 2018 and is anticipated to continue dominating the
warehouse order picking market over the forecast period
- Key players operating in the market include
Sanderson, Barcodes, Inc., KNAPP AG, Bastian Solutions, Inc., AB&R,
and QC Software, LLC.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/warehouse-order-picking-market/request/rs1
Grand
View Research has segmented the global warehouse order picking market on the
basis of solutions, deployment, application, and region.
Warehouse
Order Picking Solutions Outlook (Revenue, USD Million, 2014 - 2025)
- Paper-based
- Barcode
scanning/RFID picking
- Others
Warehouse
Order Picking Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- On-premise
- Cloud
Warehouse
Order Picking Application Outlook (Revenue, USD Million, 2014 - 2025)
- Construction
- Manufacturing
- Retail
- E-commerce
- Healthcare, Pharma,
and Cosmetics
- Transportation &
Logistics
- Others
Warehouse
Order Picking Region Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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