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 : May, 2021 | Technology & Media

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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?