The Asia Pacific Warehouse Order Picking Market would witness market growth of 10.8% CAGR during the forecast period (2019-2025). The growth in the Asia Pacific market has been projected to be the highest in the forecast period. Rapid expansion can be related to the industry's increased sales in retail and e-commerce and rapid digitalization. In addition, the fast-growing logistics, manufacturing, and favorable policies supporting domestic production in leading economies like Japan and India are important factors shaping market growth in this region. The country's transport and logistics industry is expected to expand due to the wide presence of foreign trade and online retail sales in China, resulting in increasing demand for automated warehouse order picking solutions during the forecast period.
Such tools are designed to help businesses manage their logistics in real time and reduce the error margin, therefore, maximizing warehouse efficiency and productivity. For medium and large warehouses, cloud systems that use advanced RFID picking techniques to reduce turnaround time are also installed. The on-premise segment accounted for a large share of the overall market's revenue. Within the premises, conventional order picking technologies like barcode scanning and paper-based picking are conducted as these methods require manual labor for stock handling. In fact, SMEs prefer low-budget operations as a result of which they install cost-effective solutions in their warehouse. This leads to the warehouse order picking market growth.
Based on Solution, the market is segmented into Barcode scanning/ RFID picking, Paper-based and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on Vertical, the market is segmented into Manufacturing, Retail, Transportation & Logistics, E-commerce, Healthcare, Pharma & Cosmetics, Construction and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sanderson Group Plc., Barcodes, Inc., Bastian Solutions LLC (Toyota Advanced Logistics Corporation), Keymas Limited, Knapp AG, MWPVL International, Inc., QC Software LLC, SalesWarp, Inc., AB&R, Inc. (American Barcode & RFID, Inc.) and Finale Inventory, Inc.
Market Segmentation:
By Solution
By Deployment Type
By Vertical
By Country
Companies Profiled
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