Pick To Light Market – Forecasts from 2018 to 2023
The report by Knowledge Sourcing Intelligence LLP, titled “Pick To Light Market – Forecasts from 2018 to 2023” studies the market status and the forecasts of the market and its various segments from the year 2018 to 2023. This report will assist multiple stakeholders, manufacturers, raw material suppliers, and consultants across the supply chain to identify the threats and opportunities of the market. The pick to light market is expected to grow at a CAGR of XX.XX% over the forecasted period of 2018-2023.
A Pick to Light system is a light-based technology that assists by directing operators to specific stock locations. They provide users with an increase in speed, order accuracy and cost efficiency. According to MHI, pick to light systems can improve pick rate productivity by 30-50%. The requirement by various multinationals to improve productivity will be the foremost reason for the rise in demand for these systems. In addition to that, the rising labor costs and the need to reduce human error to promote organizational efficiency will further boost the demand for the pick to light systems. However, limited applications of these systems will restrain the demand for these systems during the next five years.
The report features segmented forecasts by type, industry vertical, and geography. Among the geographical regions, North America will hold a significant share in the market due to rising automation in the region. The Asia-Pacific market will see some exciting growth opportunities owing to increasing industrialization and warehousing in budding economies such as China, India, and South Korea, among others.
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This report studies the market structure, forecast, growth opportunities and segregated market information on the pick to light market.
Forecast segmented by the following types:
Modern System
Traditional System
Forecast segmented by the following industry verticals:
Retail
Pharmaceutical
Cosmetics
Food & Beverage
Manufacturing
Forecast based on the following geographies:
North America
South America
Europe
Middle East & Africa
Asia-Pacific
Also, the report focuses on the following key players in the Pick To Light market:
Mathews International Corporation
Toyota Industries Corporation
Dematic Group Limited
Honeywell International, Inc.
Kardex Remstar
SSI Schaefer
Aioi-Systems Co., Ltd
Vanderlande Industries B.V
KBS Industrieelektronik GmbH
Knapp AG
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About Us:
Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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