Global Industrial Carousel Market 2018-2022

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Industrial carousel market overview

The growth of the pharmaceutical industry will be a major factor driving the growth of the industrial carousel market. The pharmaceutical industry registered a considerable growth during the last decade and countries such as the US, Japan, and China were the major contributors to the growth of this industry. It has been observed that the industry grew by over 9% during 2005-2015 and the US contributed to about 45% of the global pharmaceutical industry’s growth. With the growing awareness about health insurance in countries such as China, India, and the US and the introduction of new healthcare reforms, the pharmaceutical industry will witness considerable growth during the next few years as well. Moreover, with the patent expiration of drugs, pharmaceutical companies will also focus on introducing biopharma replicas. Such factors will subsequently drive the need for pharmaceutical warehouse equipment such as carousels, driving the market’s growth prospects. According to our market research analysts, the industrial carousel market will register a CAGR of almost 7% by 2022.

With the growing consumer requirements such as the need for convenient and cost-effective warehousing facilities, there is an increased need for innovations in the industrial carousel market. To reduce costs associated with carousel operation, companies have already introduced horizontal carousels with voice recognition systems. A US-based online retail company Newegg Inc., has improved inventory performance and overall efficiency by introducing horizontal carousels with voice-recognition systems. The growing demand for convenient and cost-efficient warehouse facilities will induce the need for further innovations in carousels, in turn, driving market growth.

Companies covered

The industrial carousel market is characterized by the presence of international and regional players and appears to be fragmented. With the growing consumer requirements, industrial carousel storage system manufacturers are focusing on introducing various products and the level of competition among the companies is quite intense. To help clients gain a competitive advantage and improve their industrial carousel market share, this report offers a detailed analysis of the market’s competitive landscape and also provides information on the products offered by various companies.

This research report provides an analysis of various companies in the industrial carousel system market including:

• Bastian Solutions
• Daifuku Wynright (subsidiary of Daifuku Group)
• Kardex Remstar (subsidiary of Kardex Group)
• SencorpWhite
• SSI SCHAEFER

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Segmentation by geography and analysis of the industrial carousel market

• Americas
• APAC
• EMEA

EMEA accounted for the largest industrial carousel market share during 2017. By offering the maximum growth opportunities for storage carousel manufacturers, the region will contribute to the maximum growth of the industrial carousel system market throughout the forecast period as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global industrial carousel market?
• What are the key market trends impacting the growth of the global industrial carousel market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial carousel market?
• What are the market opportunities and threats faced by the vendors in the global industrial carousel market?
• What are the trending factors influencing the industrial carousel market share of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global industrial carousel market?

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