Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
Analysis of revenue contributions from different manufacturers in the market.
Pick to Light Market Definition
Pick to Light (PTL) is an order picking device utilized in distribution centers and warehouses that guides order pickers through their task by using lights and LEDs on racks or shelves to identify and recognize pick positions. Compared to paper pick lists or so-called RF picking, pick-to-light systems improve picking efficiency. PTL is most frequently employed nowadays for choosing less-than-case amounts in high density/high velocity pick modules, even though it can be utilized for picking cases. Due to increasing trend of online shopping, especially after Covid-19 pandemic, has placed higher requirement on warehouses to fulfill orders very easily and accurately. PTL systems assists to speed up the picking up process, to minimize human errors, and enhance order accuracy, all of which are crucial in the e-commerce environment.
In October 2024, GKN Powder Metallurgy, a company focused on manufacturing and engineering automotive products revealed the introduction of the new high-performance Pick to Light (PTL) for the cost-efficient production of green hydrogen.
The high cost for initial investment and labour shortage restrict the growth of the Pick to Light market over the forecast period. Due to more demanding customers and high expectations for fast deliveries, companies are investing in technologies that can assist them to meet these requirements. In November 2024, Falcon Autotech, an intralogistics automation solutions providing company, supplies Pick-to-Light (PTL) and Put-to-Light (PTL) systems having a big impact on the warehouse automation scene. Chris Josey, Regional Head ANZ at Falcon Autotech, states that these technologies are proving to be highly effective in assisting businesses, particularly those in e-commerce, retail, and logistics, embark on its automation journey.
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