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Global Pick to Light Market to Reach $632.6 Million by 2027
In the changed post COVID-19 business landscape, the global market for Pick to Light estimated at US$407.4 Million in the year 2020, is projected to reach a revised size of US$632.6 Million by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027. Assembly & Manufacturing, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$171.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Retail & eCommerce segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $112 Million, While China is Forecast to Grow at 11.2% CAGR
The Pick to Light market in the U.S. is estimated at US$112 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$138.3 Million by the year 2027 trailing a CAGR of 11.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$84 Million by the year 2027.



Food & Beverage Segment to Record 6.2% CAGR
In the global Food & Beverage segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$55.5 Million in the year 2020 will reach a projected size of US$82 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.6% CAGR through the analysis period.