Horizontal Carousel Market by End-user and Geography - Forecast and Analysis 2021-2025

The horizontal carousel market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analysing the growth of 2.30 % and CAGR of 3.54% with USD 69.15 million during the forecast period 2020 to 2025.   

This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive, food and beverage, retail, and others) and geography (Europe, APAC, North America, MEA, and South America). The horizontal carousel market report also offers information on several market vendors, including Bastian Solutions LLC, Conveyors & Drives Inc., Daifuku Co. Ltd., Gonvarri Material Handling AS, Kardex AG, Outsource Equipment Co. LLC, SencorpWhite Inc., Southwest Solutions Group, and SSI SCHAEFER Group among others.

What will the Horizontal Carousel Market Size be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the global horizontal carousel market belonging to the Machinery industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Horizontal Carousel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increased use of automation is notably driving market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the horizontal carousel industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Horizontal Carousel Market Driver

One of the key factors driving growth in the market is the increased use of automation. Automation is expanding in the material handling process to save costs and reduce lead time. While Germany was the leader in the process, the rest of Europe and America are coming closer to Central European standards, followed by APAC and South America. The increasing use of storage and retrieval machines without the operator is one of the indicators of increasing automation. Operating without an operator can be recognized as the ultimate adaptation of automation in the market. While Germany is the leader in the production of horizontal carousel machines in this regard, Western Europe is also coming up with innovations to completely remove the need for an operator in a horizontal carousel machine centre. This enables the company to reduce errors and cut down the cost of hiring skilled workers as horizontal carousels require fewer interventions from an operator helping in reducing human errors. The use of horizontal carousel systems by companies entails high initial investments. The high maintenance cost received by vendors boosts the market. In other traditional storage systems, there is an acute need for an operator, thus leading to an extra surcharge for maintaining labour costs. Thus, the increased need for automation helps in the increased growth of the global market. 

Key Horizontal Carousel Market Challenge

The volatile steel prices will be a major challenge for the market during the forecast period. Steel is one of the heavily used raw materials in the market. With signs of global economic recovery, steel prices have started increasing. This volatility in steel prices can result in a drop in the margins of horizontal carousel companies. However, leading suppliers such as Kardex Remstar can pass on steel price fluctuations to their customers as many of them tend to accept fluctuating steel costs by using a special formula when calculating prices. Much of the prevailing state of the steel industry can be associated with the rate of Chinese production. Because of China's massive infrastructure requirements, it has significantly ramped up production for the past decade or longer. The expanded production and the subsequent low prices have hurt the steel industry in other parts of the world, including the US, the UK, and Japan. Steel available at a low price is good for customers, whether it is from China or elsewhere. In fact, the Chinese steel output over the past two decades has often kept the global supply greater than the global demand, thereby contributing to lower prices of steel. Supply is not supposed to surpass demand for much longer. In fact, with China lowering its steel output so dramatically, the global steel supply is not expected to meet the demand, thereby resulting in higher steel prices without offering relief in the years to come. The high prices of steel are expected to serve as a hindrance to the strengthening of the global market. 

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Horizontal Carousel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Bastian Solutions LLC
• Conveyors & Drives Inc.
• Daifuku Co. Ltd.
• Gonvarri Material Handling AS
• Kardex AG
• Outsource Equipment Co. LLC
• SencorpWhite Inc.
• Southwest Solutions Group
• SSI SCHAEFER Group

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as M&As to compete in the market.

Product Insights and News

• Bastian Solutions LLC - The company offers horizontal carousels to increase storage density, throughput, and efficiency while reducing inventory and man-hours. Under the unified segment, the company offers material handling automation services and specializes in designing and developing supply chain software and technologies.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Horizontal Carousel Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Horizontal Carousel Market?

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34% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for horizontal carousels in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Developing countries of regions such as APAC and South America are moving toward automation and are anticipated to grow at a sharper rate than the developed countries. This will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Horizontal Carousel Market?

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The market share growth by the automotive segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Horizontal Carousel Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3.54%
Market growth 2021-2025	$ 69.15 million
Market structure	Fragmented
YoY growth (%)	2.30
Regional analysis	Europe, APAC, North America, MEA, and South America
Performing market contribution	APAC at 34%
Key consumer countries	US, Germany, Japan, China, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Bastian Solutions LLC, Conveyors & Drives Inc., Daifuku Co. Ltd., Gonvarri Material Handling AS, Kardex AG, Outsource Equipment Co. LLC, SencorpWhite Inc., Southwest Solutions Group, and SSI SCHAEFER Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Horizontal Carousel Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the horizontal carousel industry across Europe, APAC, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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