NEW YORK, May 20, 2019 /PRNewswire/ --
About this market
Growing number of fulfillment centers will drive the growth of the
global market during the forecast period. Fulfilment centers enable
enterprises, especially those in the e-commerce industry, to
outsource their warehousing and shipping. These centers support
enterprises in the storage of all their products, thus ensuring
that they (the enterprises) do not have to manage inventories
directly. Pick-to-light systems aid these fulfillment centers to
increase their efficiency and reduce shipping errors. In addition,
these systems also help in increasing the pick rate productivity as
well as in enhancing accuracy. Thus, the increase in the number of
fulfillment centers will lead to an increase in demand for
pick-to-fight systems. Analysts have predicted that the
pick-to-light systems market will register a CAGR of over 6% by
2023.
Download the full report:
https://www.reportbuyer.com/product/5777298/?utm_source=PRN
Market Overview
Increased efficiency in warehouse operations
Pick-to-light systems aid in minimizing travel by employees in a
warehouse or distribution center to pick up products, which, in
turn helps in enhancing the efficiency of warehouse operations. A
pick-to-light system guides employees to pick up the selected
products through its digital light display. Also, a pick-to-light
system provides the employee with an optimized path, and thus, it
aids in increasing the throughput rates.
Emergence of pick-to-voice systems
In a high-intensity and complex warehouse, there can be multiple
picking locations where the employee needs to be fast and accurate.
In such places, a pick-to-voice system or voice-directed system can
be used to improve the accuracy of picking and enhance the speed of
picking by employees. Thus, the emergence of pick-to-voice systems
will impact the demand for pick-to-light systems, hindering the
growth of the market in focus during the forecast period.
For the detailed list of factors that will drive and challenge the
growth of the pick-to-light systems market during the 2019-2023,
view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the
presence of several companies including Matthews International
Corp. and SSI Schaefer Group the competitive environment is quite
intense. Factors such as the increased efficiency in warehouse
operations and growing number of fulfillment centers will provide
considerable growth opportunities to pick-to-light systems
manufactures. Bastian Solutions Inc., Daifuku Co. Ltd., Kardex
Group, Matthews International Corp., and SSI Schaefer Group are
some of the major companies covered in this report.
Download the full report:
https://www.reportbuyer.com/product/5777298/?utm_source=PRN
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that
provides all market research reports from top publishers
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: sarah@reportbuyer.com
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com
View original
content:http://www.prnewswire.com/news-releases/the-pick-to-light-systems-market-will-register-a-cagr-of-over-6-by-2023-300853411.html
SOURCE ReportBuyer