The global Warehouse Order Picking Market size is anticipated
to reach USD 18.70 billion by 2030. It is anticipated to expand at a CAGR
of 10.8% from 2024 to 2030, according to a new report by Grand View
Research, Inc. The global warehouse order picking market is experiencing
significant growth, driven by various factors such as the increasing demand for
automation in warehouses, the rapid development of the e-commerce industry, and the need to reduce response
time and increase order fulfillment productivity.
There is a growing preference among warehouse owners
to incorporate automation technologies such as barcode scanning, RFID,
voice-directed picking, and robotics to reduce order processing time and
increase productivity. These technologies streamline order processing, reduce
human errors, lower operating costs, and improve overall productivity. For
example, RFID technology can increase SKU-level inventory accuracy, voice
picking can save time per pick, and robotics can handle repetitive tasks, all
contributing to these benefits. Additionally, automation technologies can
improve the customer experience by ensuring product availability and accuracy.
Companies are outsourcing manufacturing and storage
activities across the globe, leading to intricate supply chain networks.
Automated order picking and inventory management systems enable businesses to
efficiently manage these complex global supply chains and meet personalized
customer requirements with high accuracy and speed. Customers now expect faster
delivery times, putting pressure on warehouses to process orders quickly.
Automated systems such as goods-to-person robots, voice-directed picking, and
automated conveyors can significantly reduce order processing times compared to
manual operations.
However, implementing advanced order picking
technologies such as automation systems, robotics, and warehouse management
software often requires substantial upfront capital investments. This can be a
significant barrier, especially for small and medium-sized businesses with
limited budgets. In addition, advanced order picking solutions often require
regular maintenance, software updates, and hardware upgrades to ensure optimal
performance and compatibility with evolving technologies. These ongoing
maintenance costs and the need for periodic upgrades can add to the overall
operational expenses for businesses, potentially impacting their return on
investment (ROI) calculations.
Request a free sample copy or view report summary: Warehouse Order Picking Market Report
Warehouse Order Picking Market Report Highlights
- The cloud segment claimed the largest market share of 58.0% in 2023
in the warehouse order picking market, driven by several key factors. The
cloud segment dominates the warehouse order picking market due to its
scalability, cost-efficiency, and real-time data access. It allows
warehouses to adapt quickly to changing demands and optimize operations
without significant upfront investments. Cloud solutions offer remote
accessibility, seamless integration with advanced technologies such
as IoT and AI, and robust security measures,
ensuring efficient and secure operations. In addition, cloud services
provide continuous updates, disaster recovery, and improved collaboration
capabilities, making them a highly attractive option for modernizing and streamlining
warehouse order picking processes
- The multiple order picking method segment is projected to register
the fastest CAGR of 11.0%. This method enhances order accuracy through
integration with advanced technologies, offers scalability to handle
growing e-commerce demands, and provides flexibility for diverse product
types and order sizes. In addition, by consolidating the picking of
multiple orders into a single trip, multiple order picking minimizes the
travel distance within the warehouse. This reduction in travel time leads
to faster order fulfillment and increased throughput
- The conveyor segment dominated the warehouse order picking market in
2023. Conveyors can easily integrate with other automated systems, such as
automated storage and retrieval systems (AS/RS), robotic pickers, and
warehouse management software, creating a streamlined and highly efficient
order picking process. In addition, conveyor systems can be expanded and
reconfigured relatively easily to accommodate changes in warehouse layout
or increases in order volume, providing scalability for growing businesses
- The e-commerce segment is projected to register the fastest CAGR of
13.4%. Consumers are increasingly turning to e-commerce for a wide variety
of products, from everyday essentials to luxury items, leading to a surge
in demand for efficient order fulfillment processes. E-commerce platforms
often face a high volume of small, frequent orders compared to traditional
retail, necessitating sophisticated order picking systems that can handle
this high order density quickly and accurately. This surging demand
compels e-commerce businesses to invest in advanced warehouse technologies
and methodologies to maintain high service levels and customer
satisfaction, driving the growth of the warehouse order picking market
- North America, led by the U.S., dominated the warehouse order
picking market in 2023. North America is at the forefront of adopting
advanced technologies such as automation, robotics, artificial intelligence (AI), and the Internet of
Things (IoT). Additionally, the U.S. has a large and diverse retail
sector, both online and offline. This diversity requires sophisticated
logistics and order fulfillment systems to manage the wide variety of
products and order types, further boosting the demand for advanced
warehouse order picking solutions
- In March 2023, Swisslog Holding AG introduced the latest iteration
of its CarryPick mobile robotic goods-to-person retrieval and storage
system. The next-generation solution boasts enhanced capabilities,
including faster and more agile AGVs. By leveraging these advancements,
Swisslog Holding AG aims to elevate performance levels and accelerate the
return on investment for its valued customers
Warehouse Order Picking Market Segmentation
Grand View Research has segmented the global
warehouse order picking market on the basis of deployment, order picking
method, technology, end use, and region:
Warehouse Order Picking Deployment Outlook (Revenue,
USD Million, 2017 - 2030)
- Cloud
- On-premises
Warehouse Order Picking Method Outlook (Revenue, USD
Million, 2017 - 2030)
- Single Order Picking
- Multiple Order Picking
Warehouse Order Picking Technology Outlook (Revenue,
USD Million, 2017 - 2030)
- Automated Storage and Retrieval Systems (AS/RS)
- Automated Guided Vehicles/Autonomous Mobile Robot (AGV/AMR)
- Conveyor Systems
- Scanners
- Others
Warehouse Order Picking End-use Outlook (Revenue,
USD Million, 2017 - 2030)
- Construction
- Manufacturing
- Retail
- E-commerce
- Healthcare, Pharma & Cosmetics
- Transportation & Logistics
- Others
Warehouse Order Picking Regional Outlook (Revenue,
USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East & Africa (MEA)
- KSA
- UAE
- South Africa
List of Key Players in the Warehouse Order Picking Market
- Honeywell International
- Körber AG
- Bastian Solutions, LLC
- Knapp AG
- Barcodes, Inc.
- Swisslog Holding AG
- Dematic (KION Group AG)
- TGW Logistics Group
- AB&R (American Barcode and RFID)
- BEUMER GROUP
Explore Horizon, the world's most expansive market research database
About Us:
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
