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Global Pick to Light Market Size (2024 to 2029)
The size of the global pick to light market was worth USD 538 million in 2023. The global market is anticipated to grow at a CAGR of 8.84% from 2024 to 2029 and be worth USD 895 million by 2029 from USD 586 million in 2024.
Pick to the Light, also known as a digital picking system, is a directed light picking technology that provides an accurate and efficient method of picking, sorting, or placing and assembling products, thus reducing labor-labor costs. The Pick to the Light system is used in warehouses where high-density order picking is required. The global pick-to-light market is driven by the development of the e-commerce industry, the emergence of advanced automated warehouses, more productive and error-free operations, and the growing trend of online shopping.
MARKET DRIVERS
The growth of this market is driven by the emergence of automated warehouses, the growth of the e-commerce industry, and the globalization of the supply chain network. In addition, pick to light offers higher quality, error-free productivity operations, and better use of labor.
The storage and logistics sector has a positive impact on the global pick-to-light market. In addition, the region has numerous manufacturing and warehousing facilities for various industries, such as automotive, aerospace and defense, machinery, and electrical and electronics. This has created a significant demand among warehouse operating companies for sophisticated light-pick solutions to manage warehousing and distribution operations for these end-user industries.
MARKET RESTRAINTS
However, high capital investment for installation and financial strength for maintenance can slow market growth globally. Increasing use by SMEs and industrial developments in developing countries are expected to create beneficial growth opportunities for major market players. The complexity of product prices and unsuitable products for heavy goods and large picking areas are the main challenges for the global pick-to-light market in the near future.
REPORT COVERAGE
| REPORT METRIC | DETAILS |
| Market Size Available | 2023 to 2029 |
| Base Year | 2023 |
| Forecast Period | 2024 to 2029 |
| CAGR | 8.84% |
| Segments Covered | By Application, Type, and Region. |
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Various Analyses Covered | Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
| Regions Covered | North America, Europe, APAC, Latin America, Middle East & Africa |
| Market Leaders Profiled | Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), and Honeywell Intelligrated (US). Moreover, other players in the market are Vanderlande Industries (Netherlands), Swisslog (Switzerland), KNAPP (Austria), Bastian Solutions (US), AIOI-Systems (Japan), Turck (Germany), Lightning Pick Technologies (US), and KBS Industrieelektronik GmbH (Germany), and Others. |
SEGMENTAL ANALYSIS
Global Pick to Light Market Analysis By Application
Pick-to-light systems are used for various applications in different industries, such as retail and e-commerce, assembly and packaging, and pharmacy and cosmetics. The cost of operating a manual system is low compared to sensor-based systems. Several manufacturers offer different varieties of pick-to-light systems on the market. Due to the significant growth of the auto parts market, the industry needs an efficient warehouse setup to ensure prompt delivery of products. Automakers, component suppliers, and vendors seek to differentiate themselves by providing excellent order fulfillment through efficient product delivery. Also, the uninterrupted supply of auto parts is important for efficient after-sales service and customer satisfaction. Gadgets, furniture, and different businesses are likewise actualizing pick-to-light innovation in their gathering and assembling plants.
Global Pick to Light Market Analysis By Type
The manual segment dominated the pick-to-light market in 2024 and is expected to generate significant market revenue by 2029. Manual systems are cost-effective and easy to set up and use on the job site.
REGIONAL ANALYSIS
Europe had a prominent market share in 2024 and is foreseen to develop with a considerable CAGR in the coming years. In Europe, the UK, Germany, and Italy are the main contributors to the growth of the regional market. Asia-Pacific is expected to grow at a quick CAGR over the outlook period due to the burgeoning manufacturing sector, the rapidly growing e-commerce industry, and the increasing importance given to domestic production by developing countries such as China and India and development activities for the introduction of advanced light products are estimated to accelerate the growth of this region in the near future.
KEY PLAYERS IN THE GLOBAL PICK-TO-LIGHT MARKET
Key players in the global pick-to-light market are Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), and Honeywell Intelligrated (US). Moreover, other players in the market are Vanderlande Industries (Netherlands), Swisslog (Switzerland), KNAPP (Austria), Bastian Solutions (US), AIOI-Systems (Japan), Turck (Germany), Lightning Pick Technologies (US), and KBS Industrieelektronik GmbH (Germany)., and Others.
RECENT HAPPENINGS IN THE MARKET
- Honeywell Intelligrated made order-picking processes easier and more accurate by integrating warehouse fulfillment software with light-picking systems. This association allows operators to choose items for multiple orders in a single pass rather than making multiple trips for multiple orders. This time-saving method increases the number of commands executed and increases accuracy by guiding operators with technology.
- Next-generation PTL hardware is essential to execute any omnichannel strategy, as it supports pick-and-drop methodologies to ensure you are meeting your customers’ demands.
- Pick by Light is a semi-automatic and paperless order-picking system. By using Pick by Light, conveying systems, and our proven WAMAS® material flow control software, you not only optimize your picking processes, but you can also significantly reduce your logistics costs at the same time.
- Apotea, Sweden’s first huge-scope online drug store, dispatched SSI SCHAEFER to extend the current distribution center solution to satisfy developing needs.
- In the “eye-navi” application, a travel bag, an RFID tag, and a display unit travel together on conveyor lines. The movement of the pick-to-light indicators on the inventory racks and that of the bins on the conveyors are synchronized to indicate both “How many items to choose from which pickup locations” and “Which is the correct container to dump selected items “to the operators.
DETAILED SEGMENTATION OF THE GLOBAL PICK-TO-LIGHT MARKET INCLUDED IN THIS REPORT
This research report on the global pick-to-light market has been segmented and sub-segmented based on the application, type and region.
By Application
- Assembly & Manufacturing
- Retail & E-Commerce
- Pharma & Cosmetics
- Food & Beverages
- Others
By Type
- Auto-Guided
- Manual
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa