G2P Systems Market: Overview and Dynamics
G2P (Goods to Person) is an advanced technique for order fulfillment that combines automated storage with good accuracy. In G2P Systems, the goods or the product is directly brought to the worker who then pulls the item and completes the order. Automation is an essential part of the supply chain. By using such systems, the efficiency and accuracy of the order picking process will get increased.
The robotic G2P system is expected to grow its revenue four times by 2031. Key organizations uses artificial intelligence to dig the vast amount of supply chain data to understand what is likely to happening in supply chain process. This is where G2P systems come in handy with leading companies projected to invest heavily in their supply chains the G2P systems market is poised for robust growth over the forecast period.
G2P systems come in two categories carousels and robotics. In robotics systems, robots are controlled by complex softwares for pulling and placing the products on each level with the help of conveyors whereas, carousels are an ideal choice for speedy fulfillment, increasing storage density. Carousels are operated by computers or manually with a pick to light or pick to voice systems for maximum efficiency. Further, G2P systems are of two types Pick to light and AS/RS. AS/RS holds a dominant share in the market and is poised for exponential growth owing to its wide-scale use across industries. The above-mentioned factors are poised to drive the G2P systems market during the forecast period.
COVID-19 Impact Insights on G2P Systems Market:
COVID-19 had a bad effect on the G2P systems market, results in decreased shipments and revenues.
As a result, the drop was noticed during the first half of 2020. The countries like India, China, the US, Japan, and South Korea were most affected due to this downturn in the G2P systems market. This lockdown meant shutting down businesses, but millions of citizens in their homes and ceasing almost all economic activity. Due to this pandemic, massive disruptions in the demand-supply requirements across multiple industries were noticed which led to economic losses to the next level, with the growth rate of the G2P systems market taking a severe hit. Upon resumption of all activities, the e-commerce industries are expected to cushion the G2P systems market thereby streamlining their supply chains with automation.
The market is expected to regain its momentum as the restrictions on travel and trade are eased by the governments. Once warehouses and fulfillment centers start functioning with maximum efficiency, the market for G2P systems will likely bounce back and regain its growth position.
However, the covid-19 safety guidelines for workers and upgrading the working place safety measures would help to bounce back the G2P systems market strongly so the growth rate of G2P systems will be increased.
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G2P Systems Market: Regional Outlook
Based on the regional split, the report for G2P Systems Market takes into six different regions including North America, Europe, Latin America, East Asia, South Asia and Oceania, and Middle East & Africa. North America region is the dominant player in the G2P Systems market. G2P systems are widely used in logistics companies. The extensive presence of market behemoths such as Conveyco Technologies, Dematic, and Honeywell in the region and constant support backed by automation is poised to drive the market in the coming years. North America has always been an early technology adopter with innovations coming out from the region owing to their constant backing for research and development in the automation of supply chains.
Europe is the second dominant player in the global G2P systems market. The manufacturing company such as Vanderlande and Kardex Group are conquering the G2P systems market in the Europe region. Owing to the presence of abundant medical industries, aerospace, automotive, and manufacturing industries in Europe G2P systems market has huge opportunities to expand in the region.
After Europe, Asia-pacific accounts for 25% shares in the G2P systems market. China, which is regarded as the world's manufacturing hub, is poised to dominate the G2P systems market in the coming decade as a result of extensive manufacturing cluster establishment within the region, which is looking forward to implementing intralogistics in their internal supply chains creating an exponential demand for G2P systems.
Moreover, growing adoption of smart manufacturing practices in the South Asian countries is expected to boost the G2P systems market particularly in India, Indonesia and Malaysia in the future. Latin America and Middle & Africa has witnessed minimal demand of G2P systems due limited application scope but is expected to gain potential market share in the future course of time.
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G2P Systems Market: Key Players
- Conveyco Technologies
- Murata Machinery
- SSI SCHAEFER
- Kardex Group
- Sick AG
- Knapp AG
- Swiss log
- Bastian Solutions
In order to stay competitive in the intralogistics market, companies are going forward with strategic acquisitions, collaborations, partnerships, and the development of product offerings with cutting-edge technology.
Knapp work on three extensive ranges of G2P work-stations. Ki-Design, easy use and Pick it Easy. Out of them, pick it easy G2P system is widely used in industries to automate the link between automated warehouse and employee. In 2019, Knapp has also partnered for the new distribution center with Arvato Company in Germany and Zalando Company in Netherland.
To power themselves for a longer run in the G2P systems market, some players are using a mix of organic and inorganic strategies. To promote their offerings and demonstrate their dominant position in the industry, key players identified some of the high-potential customers and partnered with other parties in the supply chains G2P systems market.
SSI Schafer’s G2P systems market revenue has increased by 5%. In 2019, SSI Schaefer has partnered with Apotea in Sweden for the automated warehouse solution, A-Frame System that allows storing up to 1500 products and a picking capacity of 1400 orders per hour. The overall systems get installed in 2021.
The research report presents a comprehensive assessment of the G2P Systems market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The G2P Systems market report provides analysis and information, according to market segments by product type, by category, by application and by region.
The G2P Systems Market Report Covers Exhaustive Analysis On:
- G2P Systems Market Segments
- G2P Systems Market Dynamics
- G2P Systems Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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The G2P Systems Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The G2P Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The G2P Systems Market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The G2P Systems Market report also maps the qualitative impact of various market factors on market segments and geographies.
The G2P Systems Market Report Highlights:
- A detailed overview of the G2P systems market
- Changing G2P Systems market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
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- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Disodium Phosphate market performance
- Must-have information for G2P systems market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
Segmentation Analysis of G2P Systems Market
The global G2P Systems market is bifurcated into four major segments: by type, application, and region.
On the basis of type, G2P systems market has been segmented as follows:
- Pick to Light G2P Systems
- Automatic Storage and Retrieval G2P Systems (AS/RS)
Pick to light devices are directly used on production lines. Whereas, Automatic storage and retrieval system is a warehouse technology, where goods are placed and brought back automatically. This system has the benefit of maximum storage capacity. AS/RS is expected to hold dominant position in the market owing to its wide scale use across industries.
On the basis of categories, the G2P systems market has been segmented as follows:
In robotics G2P systems, goods are delivered by robots to the person who remains in one place. The robotics G2P systems market demand will get doubled by 2025 to help social distancing in the warehouses. Till 2024, it is expected that 50% of supply chain of industries will invest in applications that support advanced analytics and artificial intelligence capabilities. Whereas carousels G2P systems consist of two types, vertical carousels and horizontal carousels which enables hands-free picking because these carousels deliver products directly to the operators.
On the basis of application, the G2P Systems Market has been segmented as follows:
- Industrial Manufacturing
- Food Beverages
On the basis of geographic regions, the G2P Systems market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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