Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.2 Billion | USD 3.3 Billion | 4.2% | 2024 |
FrequentlyAsked Questions
Industrial carousels are a form of automation that replaces static storage solutions. These systems are known as goods-to-man technology, in which the operator remains stationary while the product is delivered to them at an ergonomic level.
The industrial carousel market is being driven by several factors such as a surge in e-commerce, need for space optimization, automation and integration with digital technologies, rising labor costs and labor shortage, operational efficiency & cost savings, and regulatory & environmental pressures.
The integration complexity poses a major challenge to the industry expansion.
Based on the product type, the vertical carousels 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 industrial carousel industry's growth over the projected period.
According to the report, the global industrial carousel market size was worth around USD 2.2 billion in 2024 and is predicted to grow to around USD 3.3 billion by 2034.
The global industrial carousel market is expected to grow at a CAGR of 4.2% during the forecast period.
The global industrial 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 industrial carousel market is dominated by players like Hanel Storage Systems, Kardex Remstar, SSI Schaefer, Mecalux, Modula Inc., Bastian Solutions, Ferretto Group, Vidir Machine Inc., System Logistics, Interlake Mecalux Inc., SencorpWhite, ULMA Handling Systems, Constructor Group, Murata Machinery, and Daifuku Co., Ltd., among others.
The industrial 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.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed