Warehouse Order Picking Market Forecast, Size and Gross Margin Analysis by 2025

Posted on 2022-01-25 by researchinsights in Technology // 0 Comments

San Jose, California , USA, Jan 25, 2022 — /EPR Network/ —

The Warehouse Order Picking Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global warehouse order picking market size is projected to reach USD 11.16 billion by 2025 and expected to grow with CAGR of 10.2% over the forecast period, from 2019 to 2025, according to Million Insights. The increasing demand for automation in warehouses to reduce operational time and to increase order fulfilment productivity is a key factor to drive the market growth over the forecast period. In addition, the rapid growth of the e-commerce sector has increased the demand for warehouses worldwide, thereby, expected to propel the demand for order picking systems.

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Order picking accounts for around 50-55% cost of the total warehouse operating cost. Hence, the warehouse industry is industry is witnessing shift towards the adoption of new technologies wherein convectional processes are replacing with semi-automated and automated solutions. Convectional method includes paper-based picking in which labours have provided batch numbers to pick up specific orders. This method has been replaced with augmented reality as well as voice-based solutions. These factors are expected to reduce the operational cost, thereby improving efficiency and reduce response time.

Globalization has increased the complexity in supply chain networks due to which market players are outsourcing their storage and manufacturing operations from a third party. Furthermore, growing demand for management of supply chain operations has enforced the companies to upgrade their product as well as service offerings which will help them to gain a maximum customer base.

Further key findings from the report suggest:

In 2018, barcode scanning/RFID based solutions held the warehouse order picking market share of more than 25% of the global revenue.
On the basis of deployment, cloud segment is projected to have substantial growth during the forecast period. This growth is attributed to its benefits such as reduced error margins, track logistics in real-time which is expected to improve efficiency and productivity.
In 2018, North America held the largest market share in terms of revenue and projected to continue its dominance throughout the forecast period. KNAPP AG, Sanderson, Bastian Solutions, Inc., AB & R, QC Software, LLC, and Barcodes, Inc., are key players operating in this market.

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Warehouse Order Picking Solutions Outlook (Revenue, USD Million, 2014 – 2025)

Paper-based
Barcode scanning/RFID picking
Others

Warehouse Order Picking Deployment Outlook (Revenue, USD Million, 2014 – 2025)

On-premise
Cloud

Warehouse Order Picking Application Outlook (Revenue, USD Million, 2014 – 2025)

Construction
Manufacturing
Retail
E-commerce
Healthcare, Pharma, and Cosmetics
Transportation & Logistics
Others

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