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Horizontal Carousel Market Overview
Horizontal
Carousel is expected to reach $3.8 billion by 2026 at a CAGR of 5.0% during the
forecast period 2021-2026. The market growth is propelled by the increasing
demand for Horizontal Carousel in several industries for improved accuracy, productivity,
and efficiency in supply chain, along with better inventory management. In
addition horizontal carousels in the retail e-commerce operations serve as an
effective solution for catering storage density to the huge e-commerce orders
using rotating shelving. Moreover rising
demand for convenient and cost-effective warehouse facilities is paving the way
for innovation in the material handling equipment market. For instance,
horizontal carousels come with a voice recognition system that has been
incorporated to reduce the cost incurred on recruiting and training labor for
carousel operation. Hence these developments are analyzed to drive Horizontal
Carousel market size in the forecast period 2021-2026.
Report Coverage
The report: “Horizontal Carousel Market report – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Horizontal Carousel Market.
By Capacity: Upto 600 lbs, 600-1000 lbs, 1000-1500
lbs, 1500-2000 lbs, Above 2000 lbs.
By Applications: automated picking, parts delivery, sortation applications and Others.
By End User: Automotive Industry, Food and Beverage, Retail Industry, Aerospace and Defense, Manufacturing, Transportation and Logistics and Others.
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy,
Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), South America(Brazil, Argentina and others), and
RoW (Middle east and Africa).
Key Takeaways
- Europe
dominated the market by a market share of more than 37% in 2020, owing to
the presence of huge manufacturing bas e in countries such as Germany, U.K
and so on.
- Horizontal
Carousel in Automated Picking is growth at a highest CAGR of 6.0% in the
forecast period as this retrieve goods quickly, reliably, and
cost-effectively.
- Introduction of voice recognition in picking process and Light directed picking in horizontal carousel has made several manufacturing facilities to adopt this system
- Horizontal Carousel top 10 companies include Kardex Remstar, SSI SCHAEFER, ULMA Handling Systems, Bastian Solutions, Dexion, SencorpWhite, Modula, Logistics Automation, TYT Corporation Pte Ltd, ULMA Handling Systems among others.
Horizontal Carousel Market, By Region, 2020
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Horizontal
Carousel Market Segment Analysis - By Applications
Horizontal Carousel in Automated Picking is growing at a highest CAGR of
6.0% in the forecast period as this retrieve goods quickly, reliably, and
cost-effectively, whether in the area of production or distribution with high
retrieval rates. In addition Automatic picking allows an operator to fill
multiple orders at one time and accelerate the productivity rate of storage
density and inventory management. Similarly it also eliminates unproductive travel and search time. Hence these advantages
are analyzed to drive the market in the forecast period 2021-2026.
Horizontal
Carousel Market Segment Analysis - By Industry
Vertical
Horizontal
Carousel in retail Industry is growing at a CAGR of 6.3% in the forecast
period. Retail industry uses this carousel for implementation in huge
megastores comprising a vast variety and quantity of goods stored at a single
location. This Carousel efficiently manage the storing and retrieving of
products in minimum time. In addition increasing competition in retail owing to
rise in online, e-commerce, and m-commerce platforms has led the owners of
convenience and specialty stores to adopt innovative technologies for improving
storage density. Similarly, the implementation of Horizontal Carousel allows
companies to have an efficient method of operations, optimum use of resources,
and profitable forecasting. Moreover investments, developments related to
expansion of warehouses also enhances the market For instance, Costco Wholesale
Corporation has been installing its warehouses every year with consistent
growth of 3-5%. Hence these benefits and expansions are analyzed to drive the
market in the forecast period 2021-2026.
Horizontal Carousel Market Segment Analysis - By Geography
Europe dominated the market by a market share of more than 37% in 2020, owing
to the presence of huge manufacturing base in countries such as Germany, U.K
and so on. Germany hosts several manufacturing industries such as the
automobile, F&B, electronics, and manufacturing. These industries require
precise automated handling equipment for their functioning and for speeding up
their processes. As Horizontal Carousel efficiently manage the
storing and retrieving of products and goods quickly, companies in these countries
are adopting horizontal Carousel for efficient inventory management
of products. Moreover expansion, investments related to infrastructure
replacement bring opportunities for this system. In 2019, Merz companies invest
more than $50 million in expansions at Dessau sites. In 2019, AstraZeneca has
committed to invest more than $520 million for its expansion in the region.
Hence these investments are analyzed to drive the market in the forecast period
2021-2026.
Horizontal
Carousel Market Drivers
Increased demand for in horizontal carousels in Pharmaceutical Industry
The
increased demand of horizontal carousels in the pharmaceutical industries will
be one of the key driver that contributes to the growth of this market.
Pharmaceutical warehouse systems consist of horizontal carousels to offer
high-density storage along with the additional advantages such as high
productivity, picking flexibility and accuracy. Investments, Expansions related
to this industry will enhance the market. In 2019, DHL supply chain has
committed to invest $150 million to expand pharmaceutical and medical device
distribution network in the U.S. Moreover, the adoption of automated carousels
allows the pharmaceutical industries to effortlessly change their work pick
station numbers to meet current workflow requirements. This cost-effective
system enables them to meet the demands efficiently. Hence these benefits are
analyzed to drive the market in the forecast period 2021-2026.
Technological Advancements in horizontal carousel
Introduction of voice recognition in picking process in horizontal
carousel has made several manufacturing facilities to adopt this system. Voice picking in horizontal carousel supports the requirements of peak seasons and the variable SKU
locations in retail warehouses. A US-based online retail
company Newegg Inc., has improved inventory performance and overall efficiency
by introducing horizontal carousels with voice-recognition systems. In addition
Light
directed picking assists the operator in locating the next pick and quantity to
be picked to further increase the accuracy and pick rates. Hence these
technological advancements are analyzed to drive the market in the forecast
period 2021-2026.
Horizontal
Carousel Market Challenges
High Initial investment and technical glitches
Although
Horizontal Carousel is growing at a significant rate, high initial
investment in adoption of this carousel is making manufacturing facilities advanced
alternative technologies. In addition technical glitches related to this system
also hamper the market in the forecast period 2021-2026.
Market Landscape
Technology
launches, acquisitions, Partnerships and R&D activities are key strategies
adopted by players in the Horizontal Carousel market.
In 2020, the market of Horizontal Carousel industry outlook has been fragmented
by several companies. Horizontal Carousel top 10 companies include Kardex Remstar, SSI SCHAEFER, ULMA Handling Systems,
Bastian Solutions, Dexion, SencorpWhite, Modula, Logistics Automation, TYT
Corporation Pte Ltd, ULMA Handling Systems among others.
Acquisitions/Technology Launches
- In January 2019, Newegg Inc., has improved inventory performance and overall efficiency by introducing horizontal carousels with voice-recognition systems.
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1. Horizontal Carousel Market Overview
1.1 Definitions and Scope
2. Horizontal Carousel Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By End User
2.3 Key trends segmented by Geography
3. Horizontal Carousel Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Horizontal Carousel Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Horizontal Carousel Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Horizontal Carousel Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Horizontal Carousel Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Horizontal Carousel Market – By End User (Market Size -$Million/Billion)
8.1 Automotive
8.2 Food and Beverage
8.3 Transportation and Logistics
8.4 Manufacturing
8.5 Aerospace and Defense
8.6 Retail
8.7 Others
9. Horizontal Carousel Market – By Application (Market Size -$Million/Billion)
9.1 Automated Picking
9.2 Parts Delivery
9.3 Sortation Applications
9.4 Others
10. Horizontal Carousel Market – By Capacity (Market Size -$Million/Billion)
10.1 Upto 600 lbs
10.2 600-1000 lbs
10.3 1000-1500 lbs
10.4 1500-2000 lbs
10.5 Above 2000 lbs
11. Horizontal Carousel Market - By Geography (Market Size -$Million/Billion)
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 UK
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Netherlands
11.2.8 Others
11.3 APAC
11.3.1 China
11.3.2 Japan
11.3.3 South Korea
11.3.4 India
11.3.5 Australia
11.3.6 Indonesia
11.3.7 Malaysia
11.3.8 Others
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 Others
11.5 RoW
11.5.1 Middle East
11.5.2 Africa
12. Horizontal Carousel Market - Market Entropy
12.1 New product launches
12.2 M&A's, collaborations, JVs and partnerships
13. Horizontal Carousel Market – Industry Competitive Landscape (Premium)
13.1 Market Share – Global
13.2 Market Share by Region
13.3 Market Share By End Use Industry
14. Horizontal Carousel Market – Key Company List by Country Premium (Premium)
15. Horizontal Carousel Market - Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10