In this market research report, Technavio covers the market outlook and growth prospects of the global horizontal carousel market for 2017-2021. The market is further categorized into three major end-user segments comprising of the automotive, food and beverage, and retail industries.
“The main end-users of the global horizontal carousel market are F&B, wholesale, retail, and e-commerce industries. These industries are booming in developing countries, besides generating high revenues for the horizontal carousels market. The dominating factor for setting up manufacturing industries in these countries is the low cost of labor and availability of raw materials, which help in attracting huge investments,” says Sharan Raj, a lead warehouse and storage research expert from Technavio.
Technavio’s research analysts segment the global horizontal carousel market into the following regions:
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Horizontal carousel market in EMEA
The global horizontal carousel market generates the largest proportion of its revenue from EMEA. Germany and the UK are the largest revenue generators in the region. 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.
The lack of availability of manual labor in developed countries can be overcome through the adoption of the horizontal carousel, which is cost-efficient as well. The Middle East is gaining pace and is expected to emerge as a major consumer of horizontal carousel during the forecast period. Countries such as Saudi Arabia and the UAE are among the major countries that are focusing on technology and automation.
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Horizontal carousel market in Americas
The global horizontal carousel market in the Americas is expected to witness a strong growth during the forecast period due to the increased demand for horizontal carousel across all the product segments. The US is the leading consumer of this equipment, which is attributed to the large size of industries such as F&B, pharmaceutical, automotive, and e-commerce. Some South American countries such as Brazil and Argentina have emerged as major consumers of the horizontal carousel and are expected to strengthen their position in the future.
“Apart from automation in warehouses and distribution centers, automated intralogistics solutions for e-commerce will sustain the growth during the forecast period. Companies manufacturing both durable and non-durable goods are increasingly adopting extensive assembly lines in their manufacturing process to meet the rising demand,” says Sharan.
Horizontal carousel market in APAC
The global horizontal carousel market in APAC is the fastest growing market of all the regions and is expected to grow rapidly, as more countries in Asia are envisioned to automate factories due to the increase in foreign direct investment (FDI) in the manufacturing sector. The demand for horizontal carousel is expected to be mainly from the manufacturing, logistics, warehousing, and general engineering sectors.
The high cost of the workforce in Japan has prompted manufacturers to opt for this equipment. Developing countries like India and China are continuously updating their production base and supply chain mechanisms for efficient operation, which has boosted the growth of the horizontal carousel manufacturers in these countries.
The top vendors in the global horizontal carousel market as highlighted in this market research analysis are:
- Kardex Remstar
- SSI SCHAEFER
- ULMA Handling Systems
- Bastian Solutions
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