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 Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $506.1 Million |
| Forecasted Market Value (USD) by 2030 | $789.5 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
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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