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 : March, 2023 | 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

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?