About Industrial Carousel
Industrial carousels, a type of moving shelving unit, is an automated storage and retrieval device using a series of shelving units mounted on a closed-loop track. The product stored on a carousel may be a retail product, manufacturing part, or a customer order. The rapid growth of e-commerce warehouse offers a lucrative opportunity in the growth of the very market in the upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Industrial Carousel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bastian Solutions, Inc. (United States), BEUMER Group GmbH & Co. KG (Germany), Kion Group AG (Germany), Daifuku Co., Ltd (Japan), System Logistics Spa (Italy), Kardex Remstar (Switzerland), Murata Machinery, Ltd (Japan), Swisslog Holding (Switzerland), SencorpWhite (United States), Schaefer Group (SSI SCHAEFER) (Germany) and Tech-Mark Automation and Control (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Carousel market by Type (Vertical Industrial Carousel, Horizontal Industrial Carousel and Rotary Industrial Carousel), Application (Assembly, Storage, Order picking, distribution, Kitting, handling waste and Others) and Region.
On the basis of geography, the market of Industrial Carousel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verical, the sub-segment i.e. Automotive Industry will boost the Industrial Carousel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Innovation in Carousel by Market Players and Top Market Players have Introduced Horizontal Carousels with Voice Recognition Systems
Market Growth Drivers:
The Growth of Pharmaceutical Industry Market Globally and Increasing Demand for Automated Warehouse Equipment
Challenges:
Fluctuation in Prices of Raw Materials
Restraints:
Low Adoption Rate in Underdeveloped Nations
Opportunities:
Growing Demand for Convenient and Cost-Effective Warehousing Facilities across the World
Market Leaders and their expansionary development strategies
In May 2021, NWN Corp. has acquired Carousel Industries in a blockbuster deal that brings together two leading solution providers in cloud communications, forming a national powerhouse in the fast-growing space with a USD1 billion run rate.
In May 2019, Carousel the service-logistics specialist for high-performance industries has announced the launch of its new service and technology platform. Gateway, is Carousel’s proprietary technology platform, built to help service-focused industries gain the competitive edge in a hyper-connected age of manufacturing.
Key Target Audience
Industrial Carousel Manufacturers, Raw Material Suppliers, Automotive Manufacturing Companies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.