The global Warehouse Order Picking Market size is expected to reach USD 11.16 billion by 2025, registering an
estimated CAGR of 10.2% from 2019 to 2025 according to a new report by Grand
View Research, Inc. The rising demand for automation in warehouses to reduce
the response time and increase order fulfillment productivity is the key factor
driving the market growth. Furthermore, the rapid development of the e-commerce
industry has resulted in an increasing number of fulfillment centers worldwide,
thereby boosting the deployment of order picking systems.
The order picking process is expected to account for
50–55% of the total warehouse operating cost. As a result, the warehouse
industry has witnessed a tremendous technological shift wherein the traditional
processes are now being replaced with semi-automated as well as automated
solutions. Traditional methods, including paper-based picking (semi-automated
systems), in which laborers are provided with batch sheets to pick parcel
shipments, are being replaced with technologically upgraded solutions such as
augmented reality-based and voice-based solutions. These solutions are
anticipated to reduce the cost incurred, thereby improving the efficiency of
the systems as well as lowering the response time.
On the other hand, globalization has resulted in the
complexity of supply chain networks, owing to which companies are outsourcing
their manufacturing and storage activities from third-party organizations.
Moreover, the rising demand for managing supply chain operations has led
companies to upgrade their product and service offerings to cater to the
personalized requirements of end users, which would help them attain an
extensive customer base.
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Details of Report @
https://www.grandviewresearch.com/industry-analysis/warehouse-order-picking-market
https://www.grandviewresearch.com/industry-analysis/warehouse-order-picking-market
Further key findings from the study suggest:
- The barcode scanning/RFID based solutions segment accounted for over
25% of the total revenue share in the market
- The cloud segment is expected to grow at a significant rate over the
next six years owing to its ability to track logistics in real-time and
reduce the margin of errors, thereby improving the efficiency and
productivity of warehouses
- North America accounted for the largest revenue share in 2018 and is
anticipated to continue dominating the warehouse order picking market over
the forecast period
- Key players operating in the market include Sanderson, Barcodes,
Inc., KNAPP AG, Bastian Solutions, Inc., AB&R, and QC Software, LLC.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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