Horizontal Carousel Market Forecast to Reach $840 Million by 2025


Posted January 21, 2021 by Blessy_Joy

Horizontal Carousel Market is forecast to reach $840 million by 2025, growing at a CAGR 6.5% from 2020 to 2025.

 
Horizontal Carousel Market Overview
Horizontal Carousel Market is forecast to reach $840 million by 2025, growing at a CAGR 6.5% from 2020 to 2025. A horizontal carousel is a series of containers that rotate around an oval track. Every bin has shelves that can be set to 0.75 "and can be designed for a variety of unique and regular applications. A bin number, part number or cell position is directly entered by an operator, and the carousel rotates along the shortest path. Multiple horizontal carousels that connect a pod of carousels are set up for better order fulfillment with pick-to-light technology and inventory management software. For equivalent items and sizes, horizontal carousels need 50 %-60 % less floor space than conventional shelving or racking layout designs. The expanded use of horizontal carousels in retail e-commerce operations serves as an efficient catering option for the massive e-commerce orders. One of the main factors leading to the growth of this market would be the growing use of horizontal carousels in the pharmaceutical industries. Pharmaceutical warehouse systems consist of horizontal carousels that provide high-density storage together with additional benefits such as high efficiency, versatility and precision in the picking. The introduction of automated carousels enables pharmaceutical companies to adjust their job pick station numbers easily to fulfill new workflow requirements. This cost-effective method helps them to effectively meet the demands. Such carousels take up less room than static shelving consuming just about 25% of room on the floor.

Key Takeaways
For equivalent items and sizes, horizontal carousels need 50%-60% less floor space than conventional shelving or racking layout designs. The expanded use of horizontal carousels in retail e-commerce operations serve as an efficient catering option for the massive e-commerce orders.
The growing use of storage and retrieval tools without the operator is one sign of rising automation. Furthermore, the growing market growth of Horizontal Carousel in the automotive industry is adequately cushioned by increasing demand from SMEs and various verticals of industry.
Europe will be the biggest revenue contributor to the horizontal carousel market over the forecast period. The lack of manual labor availability and the need for specific automated material handling equipment to operate and accelerate processes within their industries will drive growth.
Implementing horizontal carousel would likely reduce labor costs and potentially increase performance. Yet the initial cost of spending is incredibly high. Short-term hiring costs more than recruiting workers or utilizing certain tools.

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By Geography - Segment Analysis
Europe currently dominates the global Horizontal Carousel market with a share of more than 38%. Over the forecast period, Europe will be the largest revenue contributor to the horizontal carousel market. Germany and the UK are the region's largest producers of revenues. Germany hosts many industrial companies such as the automobile, F&B, telecommunications and manufacturing industries. Such industries need precise, automated handling equipment for their operation and acceleration of processes. 

Drivers – Horizontal Carousel Market
Innovations in Material Handling Equipment
The Growth of Pharmaceutical Industry Market Globally
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Horizontal Carousel Market. Horizontal Carousel Market is expected to be dominated by major companies such as Kardex Remstar, SSI SCHAEFER, ULMA Handling Systems, Bastian Solutions, Dexion, SencorpWhite, Modula, Southwest Solutions Group.

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Issued By Blessy
Business Address IndustryARC
Country India
Categories Business
Tags horizontal carousel market , horizontal carousel market growth , horizontal carousel market research , horizontal carousel market share , horizontal carousel market size
Last Updated January 21, 2021