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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.
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:
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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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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