Warehouse Order Picking Market cover

Warehouse Order Picking Market by Applications (E-commerce, Healthcare, Pharma & Cosmetics, Transportation & Logistics, Construction, Manufacturing, Retail, and Others), Deployments (Cloud-based and On-premise), Solutions (Barcode Scanning/RFID Picking, Paper-based, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3595
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 8
  • No. Of Pages: 190
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The global warehouse order picking market size was valued at USD 5.70 billion in 2020 and is anticipated to reach a CAGR of 10.3% during the forecast period, 2021–2028. The growth of the market is attributed to the fast development of the e-commerce sector, which has resulted in the expansion of warehousing order fulfillment centers all over the world.

                            

Warehouse Order Picking Market summary

Warehouse picking is the process of selecting specific products from a fulfillment facility to fill client orders. Warehouses and distribution facilities are critical components of commodities storage and maintenance across the world. Over the years, the warehouse business has rapidly transformed and brought several change in storage and delivering processes as all methods are moving towards semi-automated solutions that demand less manpower. Furthermore, several innovative technology had been adopted to ensure efficient process of warehousing and effective running of distribution centers.

The outbreak of COVID-19 pandemic has had a significant impact on the global economy and all businesses were nearly collapse globally. In spite of the initial disarray caused by the pandemic, the e-commerce business are blooming rapidly and growing knowledge of the benefits of using warehousing order picking services among businesses are vital aspects for the market expansion.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising inclination among warehouse operators to employ automation technology to minimize lifting response time and promote order fulfillment efficiency is expected to drive market growth in the coming years.
  • House delivery has grown its popularity during the pandemic since people prefer to have their products delivered to their homes. This is a key factor driving the market growth.
  • Growing necessity to engage people with sufficient skillsets for running technologies while completing orders from the source to the destination is a key challenge that can hinder the market expansion in the coming years.
  • High expense of implementing high-end on-premises warehouse order picking solutions is anticipated to hamper the market growth during the forecast period.
  • Rapid adoption of new technology including Big Data and Artificial Intelligence is projected to provide lucrative opportunities for the market players during the forecast period.

Scope of the Report

The report on the global warehouse order picking market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Warehouse Order Picking Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (E-commerce, Healthcare, Pharma & Cosmetics, Transportation & Logistics, Construction, Manufacturing, Retail, and Others), Deployments (Cloud-based and On-premise), and Solutions (Barcode Scanning/RFID Picking, Paper-based, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Barcodes, Inc.; KNAPP AG, Bastian Solutions, Inc.; AB&R; QC Software, LLC; and Sanderson

Market Segment Insights

E-commerce segment is expected to grow at a rapid pace

Based on applications, the warehouse order picking market is divided into e-commerce, healthcare, pharma & cosmetics, transportation & logistics, construction, manufacturing, retail, and others. The e-commerce segment is expected to grow at a rapid pace during the forecast period owing to the reason that fulfillment technology can handle orders with less travel time and more accuracy. However, the manufacturing segment is anticipated to hold a key share of the market in the coming years due to growing concern for cycle time savings, switching to smaller lot sizes, and point-of-use delivery facility.

Cloud segment is projected to expand at a considerable CAGR

On the basis of deployments, the market is bifurcated into cloud-based and on-premise. The cloud-based segment is projected to expand at a considerable CAGR during the forecast period owing to the fact that cloud solutions are used to carry out the bulk of activities requiring modern technologies such as voice-based and pick-to-light. On the other hand, the on-premise segment is anticipated to account for a major market share during the forecast period due to wide establishment of traditional order picking processes such as barcode scanning and paper-based picking, being done on-site since they need physical labor for inventory management.

Warehouse Order Picking Market deployments

Barcode scanning/RFID picking segment to account for a large market share

On the basis of solutions, the warehouse order picking market is segregated into barcode scanning/RFID picking, paper-based, and others. The barcode scanning/RFID picking segment is estimated to account for a significant market share during the forecast period owing to the scanning tags' numerous advantages such as their capacity to scan the code affixed on items in the inventory with improved precision and simplicity of use. In the others segment includes modern technological solutions such as voice-directed, Augmented Reality (AR), and pick-to-light, which are in high demand and fashion among businesses. These solutions, while still in their infancy, are projected to develop rapidly in the coming years.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period due to rising retail and e-commerce sales, as well as the industry's fast digitization in the region. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to the widespread implementation of order fulfillment technology by businesses such as e-commerce, manufacturing, and retail.

Warehouse Order Picking Market region

Segments

Segments Covered in the Report

The global warehouse order picking market has been segmented on the basis of

Applications

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

Deployments

  • Cloud-based
  • On-premise

Solutions

  • Barcode scanning/RFID picking
  • Paper-based
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Barcodes, Inc.
  • KNAPP AG, Bastian Solutions, Inc.
  • AB&R
  • QC Software, LLC
  • Sanderson

Competitive Landscape

Key players competing in the global warehouse order picking market are Barcodes, Inc.; KNAPP AG, Bastian Solutions, Inc.; AB&R; QC Software, LLC; and Sanderson. Some of the business adopted various business development methods including new product launches, mergers and acquisitions, and partnerships. For example, in February 2019, KNAPP AG teamed up with VOLA, a configurator of the modular design system, to use KNAPP AG's automation solution to streamline its storage and distribution operations.

Warehouse Order Picking Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. warehouse order picking Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. warehouse order picking Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. warehouse order picking Market - Supply Chain
  4.5. Global warehouse order picking Market Forecast
     4.5.1. warehouse order picking Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. warehouse order picking Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. warehouse order picking Market Absolute $ Opportunity
5. Global warehouse order picking Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. warehouse order picking Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global warehouse order picking Demand Share Forecast, 2019-2026
6. North America warehouse order picking Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America warehouse order picking Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America warehouse order picking Demand Share Forecast, 2019-2026
7. Latin America warehouse order picking Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America warehouse order picking Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America warehouse order picking Demand Share Forecast, 2019-2026
8. Europe warehouse order picking Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe warehouse order picking Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe warehouse order picking Demand Share Forecast, 2019-2026
9. Asia Pacific warehouse order picking Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific warehouse order picking Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific warehouse order picking Demand Share Forecast, 2019-2026
10. Middle East & Africa warehouse order picking Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa warehouse order picking Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa warehouse order picking Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global warehouse order picking Market: Market Share Analysis
  11.2. warehouse order picking Distributors and Customers
  11.3. warehouse order picking Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Barcodes, Inc.
     11.4.2. KNAPP AG, Bastian Solutions, Inc.
     11.4.3. AB&R
     11.4.4. QC Software, LLC
     11.4.5. Sanderson

Segments Covered in the Report

The global warehouse order picking market has been segmented on the basis of

Applications

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

Deployments

  • Cloud-based
  • On-premise

Solutions

  • Barcode scanning/RFID picking
  • Paper-based
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Barcodes, Inc.
  • KNAPP AG, Bastian Solutions, Inc.
  • AB&R
  • QC Software, LLC
  • Sanderson

Key players competing in the global warehouse order picking market are Barcodes, Inc.; KNAPP AG, Bastian Solutions, Inc.; AB&R; QC Software, LLC; and Sanderson. Some of the business adopted various business development methods including new product launches, mergers and acquisitions, and partnerships. For example, in February 2019, KNAPP AG teamed up with VOLA, a configurator of the modular design system, to use KNAPP AG's automation solution to streamline its storage and distribution operations.

Warehouse Order Picking Market keyplayers

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