Horizontal Carousel Market is forecast to reach $840 million by 2025, growing at a CAGR 6.5% from 2020 to 2025. A horizontal carousel is a series of containers that rotate around an oval track. Every bin has shelves that can be set to 0.75 "and can be designed for a variety of unique and regular applications. A bin number, part number or cell position is directly entered by an operator, and the carousel rotates along the shortest path. Multiple horizontal carousels that connect a pod of carousels are set up for better order fulfillment with pick-to-light technology and inventory management software. For equivalent items and sizes, horizontal carousels need 50 %-60 % less floor space than conventional shelving or racking layout designs. The expanded use of horizontal carousels in retail e-commerce operations serves as an efficient catering option for the massive e-commerce orders. One of the main factors leading to the growth of this market would be the growing use of horizontal carousels in the pharmaceutical industries. Pharmaceutical warehouse systems consist of horizontal carousels that provide high-density storage together with additional benefits such as high efficiency, versatility and precision in the picking. The introduction of automated carousels enables pharmaceutical companies to adjust their job pick station numbers easily to fulfill new workflow requirements. This cost-effective method helps them to effectively meet the demands. Such carousels take up less room than static shelving consuming just about 25% of room on the floor.
Report Coverage
The report: “Horizontal Carousel Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of Horizontal Carousel Market.
By Capacity - Less than 1000 lbs, 1000 lbs - 1500 lbs, 1500 lbs - 2000 lbs, Above 2000 lbs.
By End-User - Automotive Industry, Food & bevarage, Retail Industry & Apparel, Pharmaceutial & Biotechnology, Others.
By Type of Station - Dual Station, Triple and Quadruple Stations, Multilevel Stations, Others
By Geography - North America, South America, Europe, APAC, RoW.
Key Takeaways
- For equivalent items and sizes, horizontal carousels need 50%-60% less floor space than conventional shelving or racking layout designs. The expanded use of horizontal carousels in retail e-commerce operations serve as an efficient catering option for the massive e-commerce orders.
- The growing use of storage and retrieval tools without the operator is one sign of rising automation. Furthermore, the growing market growth of Horizontal Carousel in the automotive industry is adequately cushioned by increasing demand from SMEs and various verticals of industry.
- Europe will be the biggest revenue contributor to the horizontal carousel market over the forecast period. The lack of manual labor availability and the need for specific automated material handling equipment to operate and accelerate processes within their industries will drive growth.
- Implementing horizontal carousel would likely reduce labor costs and potentially increase performance. Yet the initial cost of spending is incredibly high. Short-term hiring costs more than recruiting workers or utilizing certain tools.
By End-User - Segment Analysis
The Automotive Industry is expected to grow at a higher CAGR of 8.4% during the forecast period. Factors such as rising horizontal carousel integration to store and retrieve small parts and equipment, and growth of automation levels in developing countries will contribute to the growth of the automotive industry's industrial shelving market, including horizontal carousels, in the coming years. One indication of increasing automation is the growing usage of storage and retrieval devices without the operator. In addition, Horizontal Carousel's increasing market growth in the automotive industry is adequately cushioned by rising demand from SMEs and various industry verticals. Germany was in the lead of the process.
By Geography - Segment Analysis
Europe currently dominates the global Horizontal Carousel market with a share of more than 38%. Over the forecast period, Europe will be the largest revenue contributor to the horizontal carousel market. Germany and the UK are the region's largest producers of revenues. Germany hosts many industrial companies such as the automobile, F&B, telecommunications and manufacturing industries. Such industries need precise, automated handling equipment for their operation and acceleration of processes. The lack of manual labor availability and the need for unique automated material handling equipment to operate and speed up their industries processes will drive the growth of the region's horizontal carousel industry. Increasing use of automation is a big driver for this market in Europe. Automation allows companies to save money and reduce lead time in the material handling process.
Drivers – Horizontal Carousel Market
- Innovations in Material Handling Equipment
A main development that is expected to affect the industry during the forecast period is innovation in material handling equipment in the carousel industry. The growing demand from the industry for convenient and cost-effective warehouse facilities paves the way for innovation in the field of material handling equipment. Horizontal carousels increasingly come with a voice recognition system that has been implemented to reduce the costs incurred to hire and train carousel workers. Also, horizontal carousels recognized by voice aid managers handle the inventory during peak demand. These adoption of these new technological innovations is set to drive the carousel market.
- The Growth of Pharmaceutical Industry Market Globally
Growing healthcare reforms in developed and developing countries are triggering pharmaceutical industry growth that helps in horizontal carousel market growth. Growing recognition of health insurance in the US, China and India would also boost pharmaceutical sector sales volumes. The patent expiry of new drugs is a demand stimulating factor for the demand for pharmaceutical warehouse products. This is because the patent expiration of medicines raises the production of pharmaceutical products as several general medicine manufacturers have developed biopharmaceutical replicas of medicines. The increase in the volume of pharmaceutical sales would have a positive impact on horizontal carousel industry revenues with a rising adoption in this sector for material handling equipment, including horizontal carousels.
Challenges – Horizontal Carousel Market
- High Investment Required
Carousel systems are costlier than traditional shelves or racks. Maintenance costs would be higher than standard shelves or racks, since the device costs are higher. Implementing an automated storage and retrieval system would likely reduce labor costs and improve efficiency in the long run. But the initial investment cost is very high. Purchasing is more costly in the short term than recruiting employees or using other resources, as many automation projects do. This initial investment may be a challenge for smaller operations that do not have ready access to resources, hampering the horizontal carousel business growth.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Horizontal Carousel Market. Horizontal Carousel Market is expected to be dominated by major companies such as Kardex Remstar, SSI SCHAEFER, ULMA Handling Systems, Bastian Solutions, Dexion, SencorpWhite, Modula, Southwest Solutions Group.
Acquisitions/Technology Launches
- In April 2018, Kardex Remstar launched a Cloud-based Remote Support platform that continuously monitors the status of installed systems and remotely maintains them as needed.
- In April 2019, Bastian Solutions launches New Robot Warehouse Picker with Parts designed and Built through Additive Manufacturing.
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