Product ID: UCMIG20R2042
Report ID:
UCMIG20R2042 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the global market for warehouse order picking demonstrated substantial worth, reaching USD 5.84 billion, underscoring its significance in the logistics landscape. Forecasts for the period spanning from 2019 to 2025 project an impressive Compound Annual Growth Rate (CAGR) of 10.2%, signifying a robust trajectory of growth. This expansion is fueled by the escalating demand for efficient order fulfillment processes within the e-commerce and supply chain sectors. As consumer expectations for swift deliveries continue to rise, businesses are compelled to optimize their warehouse operations, spurring the adoption of advanced order picking technologies. This trend mirrors the evolution of the logistics industry in response to the modern consumer's need for seamless and prompt order processing, thus promising a transformative path forward for warehouse order picking solutions.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Air Freight & Logistics by segment aggregation, the contribution of the Air Freight & Logistics in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: UCMIG20R2042