Warehouse Order Picking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Warehouse Order Picking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Technology & Media | PPT format

Report Digest

Global Warehouse Order Picking Market: Overview

E-Commerce sector is picking up major traction these days. With rising popularity of platforms such as Amazon, WallMart, and eBay, the online retail business is witnessing a boost these days. Due to these developments, the warehouses are always busy in receiving, sorting, and delivering the orders to respective clients. To cater to this growing need of order deliveries, the online retailers are incorporating several third parties to puck-up the order from warehouse and deliver them to the customers. This as a result is significantly boosting the growth of global warehouse order picking market in the coming years of the forecast period of 2018 to 2028.

A report by TMR Research offers in-depth analysis of the global warehouse order picking market to the readers. These insights help the businesses to make optimized decisions for their businesses and help them grow substantially in the projected time frame of 2018 to 2028. The report covers facets like, developments, challenges, competition, and opportunities that can help the businesses to grow in global warehouse order picking market.

Global Warehouse Order Picking Market: Notable Developments & Competitive Analysis

Due to highly competitive nature of the global warehouse order picking market the businesses are incorporating several strategic mergers and collaborations. These players are also focusing on partnering with some of the prominent players of global warehouse order picking market. These strategies allow the players to gain access to resources that can help them achieve sustainability in the warehouse order picking market.

On the other hand, some of the players are also implementing technology such as automation, IoT, and AI for optimal sorting and delivery of the package to the customers.

For instance:

  • In February 2019, KNAPP AG came into partnership with VOLA, a pioneer in modular design system. The partnership was aimed to optimize the storage and distribution processes with the help of KNAPP AG's automation solution. With this partnership, the company can deliver the order quickly and accurately which in turn may help the business to gain a competitive edge over its rival.
  • In May 2018, AB&R commenced a strategic partnership with RAIN RFID. This partnership was aimed to incorporate RAIN RFID's UHF RFID along with cloud. With this integration, AB&R is focusing on optimizing its stock monitoring, managing, and delivering processes along with securing RFID data over internet.

Global Warehouse Order Picking Market: Key Drivers

Role of Globalization in the Growth of the Market

Several countries are now globalizing their economy and getting stable these days. This stabilized economy is allowing end-users to purchase more stuff online than ever before. Moreover, due to globalization, businesses like transportation hubs and logistics is gaining major momentum. Leveraging this momentum the global warehouse order picking market is also picking up the pace is boosting over the period of time. This is because customers have now become aware and heavily dependent over home deliveries and online shopping. Based on these factors globalization of economy is considered as one of the biggest drivers that boost the growth of global warehouse order picking market from 2018 to 2028

Growing Number of Online Shopping Portals

The world is witnessing a major growth in online shopping portals. These portals allow the customers to leverage the benefits such as home delivery, discounts, and other offers. Due to these benefits, the traffic on these portals have grown exponentially based on which the there is a huge demand for personnel and software that can manage the orders delivery from warehouse and other hubs. Based on these factors the global warehouse order picking market is anticipated to grow substantially over the period of 2018 to 2028.

Global Warehouse Order Picking Market: Regional Analysis

Currently the global warehouse order picking market is dominated by North America is terms of regional front. However, Asia Pacific is the fastest growing region currently. This is because, the people are inclining towards the online shopping due to their growing disposable income. Hence, Asia Pacific is considered as the most lucrative region for the players of global warehouse order picking market.

The global warehouse order picking market is segmented on the basis of:

  • Order Picking Solutions
    • Paper-based
    • Barcode scanning/ RFID picking
    • Others
  • Order Picking Deployment
    • On-premise
    • Cloud
  • Order Picking Application
    • Construction
    • Manufacturing
    • Retail
    • E-commerce
    • Healthcare, Pharma & Cosmetics
    • Transportation & Logistics
    • Others

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.