Published Date: 31-Oct-2019
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According to a new report Global Warehouse Order Picking Market, published by KBV Research, The Global Warehouse Order Picking Market size is expected to reach $10.8 billion by 2025, rising at a market growth of 9.6% CAGR during the forecast period. The growing use of RFID and Automatic Identification and Data Capture (AIDC) has enhanced the procedures of order fulfillment in regards to technology developments.
The Barcode scanning/ RFID picking market dominated the Global Warehouse Order Picking Market by Solution 2018. Due to the increasing proliferation of Bluetooth technologies and RFID sensors across the logistics market, AIDC technology is anticipated to become more widespread in the market. AIDC offers real-time insights into the location of the shipment, explanation of delayed delivery, and estimated delivery time. The Paper-based market would witness a CAGR of 10.3% during (2019 - 2025).
The on-premise segment accounted for a large share of the overall market's revenue. The cloud segment is expected to experience substantial growth over the forecast period. That's because with the help of cloud solutions, most of the operations including contemporary technologies like voice-based and pick-to-light are performed.
The warehouse order picking market was dominant in the manufacturing category in 2018, and this trend is expected to be sustained during the forecast period as well. It is also predicted that the emerging foreign trade activities will lead to the implementation of solutions in the transport and logistics warehouses in which the shipments are processed. Therefore, the transport and logistics segment is projected to capture a significant market share. The Retail market is expected to witness a CAGR of 8.6% during (2019 - 2025).
In 2018, North America was the leading warehouse order picking market. Higher adoption of order fulfillment technologies by e-commerce, manufacturing, and retail sectors is projected to raise North America's market share. 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. The Europe market is expected to witness a CAGR of 9% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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