The pick to light market is expected to grow from USD 323.7 Million in 2017 to USD 538.2 Million by 2023, at a CAGR of 8.84% between 2017 and 2023. The growth of this market is propelled by the emergence of automated warehouses, growth of the e-commerce industry, and globalization of supply chain network. The pick to light market has the presence of many small, medium-sized, and large companies from the warehouse automation industry. Warehouse automation and intralogistics has a long history of mergers and acquisitions, and it has witnessed robust dealing activities in 2016 and 2017. Key players in this market are Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), and Honeywell Intelligrated (US).
Daifuku Co., Ltd. (Japan) held the top position in the pick to light market. The company has a broad and technologically advanced product portfolio in the pick to light market, with strong foothold in APAC. Daifuku has established a strong brand name in material handling and logistics solutions. Over the years, the company has developed itself as a leading provider of pick to light systems. The company offers innovative pick to light systems with its eye-navi application and automatic drop-in table. Moreover, the company is strengthening its market position by adopting inorganic growth strategies. In August 2013, the company acquired Wynright Corporation, a leading provider of material handling systems. Daifuku also holds a minority stake of 6% in KNAPP AG.
SSI Schaefer (Germany) is a global provider of intralogistics systems. The company operates in more than 50 countries with its manufacturing centers, sales, and support offices. The company is adopting both organic and inorganic growth strategies for its holistic growth in the pick to light market. Recently, in October 2017, the company launched E-Pick picking system. Moreover, the company has signed contracts with ZF Group (US) and Gunnar Dafgard AB (Sweden) to deliver logistics solutions.
Murata Machinery (Japan) and Honeywell Intelligrated (US) play a significant role in the pick to light market. Moreover, Swisslog (Switzerland), Kardex Group (Switzerland), Bastian Solution (US), IHI Corporation (Japan), SpeasTech (US), Jungheinrich AG (Germany), Lightning Pick Technologies (US), GreyOrange Pte Ltd. (Singapore), Pcdata (Netherlands), and AIOI-Systems (Japan) significantly contribute to the pick to light market.
Pick to Light Market by Method (Auto Guided & Manual), Power Source (Wired and Wireless), Operation (Putting and Picking), Industry (Assembly & Manufacturing, Retail & E-commerce, and Pharma & Cosmetics), and Region - Global Forecast to 2023
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