Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.3 Billion | USD 3.2 Billion | 9.5% | 2024 |
FrequentlyAsked Questions
A horizontal carousel is a type of material handling equipment that moves shelves with things on them toward a worker. As the name suggests, a horizontal carousel moves side to side, like a merry-go-round.
The horizontal carousel market is being driven by several factors such as e-commerce/omni-channel fulfilment demands, space optimization & warehouse real estate costs, labor costs & labor shortages, technological enhancements/integration, and industry-specific needs.
The lack of skilled professionals poses a major challenge to the horizontal carousel industry expansion.
Based on the end-user, the automotive segment is expected to dominate the industry growth during the projected period.
The increasing e-commerce and growing automation trends pose a major impact factor for the horizontal carousel industry's growth over the projected period.
According to the report, the global horizontal carousel market size was worth around USD 1.3 billion in 2024 and is predicted to grow to around USD 3.2 billion by 2034.
The global horizontal carousel market is expected to grow at a CAGR of 9.5% during the forecast period.
The global horizontal carousel industry growth is expected to be driven by the Asia Pacific region. It is currently the world’s highest-revenue-generating market, driven by the adoption of Industry 4.0 and the growth of the e-commerce sector.
The global horizontal carousel market is dominated by players like Swisslog Holding AG, Bastian Solutions, SSI SCHAEFER, Kardex Remstar, Modula Inc., Hänel Storage Systems, Mecalux, System Logistics, Interlake Mecalux, Ferretto Group, Automated Storage & Retrieval Systems (ASRS), White Systems, EffiMat Storage Technology, SencorpWhite, ULMA Handling Systems, Dexion, Vidir Solutions, FlexQube, Daifuku Co., Ltd., and Dematic, among others.
The horizontal carousel market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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