The global horizontal carousel market is expected to grow by USD 63.78 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 3%.
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Technavio has announced its latest market research report titled Global Horizontal Carousel Market 2020-2024 (Graphic: Business Wire)
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Read the 120-page report with TOC on "Horizontal Carousel Market Analysis Report by End-user (Automotive, Food and beverage, Retail, and Others), Geography (Europe, APAC, North America, MEA, and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the increased use of automation. In addition, the introduction of voice recognition in the picking process is anticipated to boost the growth of the horizontal carousel market.
Organizations across the world are increasingly adopting automation in the material handling process to reduce costs and lead time. Horizontal carousel machines are highly adaptable to automation as they do not require an operator. They minimize errors, reduce the need for hiring skilled workers, and require fewer interventions. Therefore, the rising adoption of automation is expected to positively influence the growth of the global horizontal carousel market during the forecast period.
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Major Five Horizontal Carousel Companies:
Bastian Solutions LLC
Bastian Solutions LLC operates its business through a unified segment. The company offers a wide range of bottom drive, top drive, and twin bin carousels for various end-user applications.
Conveyors & Drives Inc.
Conveyors & Drives Inc. operates its business through a unified product segment. The company offers EXACTPick Horizontal Carousel. It is an automated storage and retrieval system designed specifically for the footwear and apparel industries.
Daifuku Co. Ltd.
Daifuku Co. Ltd. operates its business through segments such as Factory and Distribution Automation, e-Factory Automation, Automotive Factory Automation, Airport Technologies, Auto Washing Technologies, and Contec. The company offers horizontal carousels under its storage solution segment.
Gonvarri Material Handling AS
Gonvarri Material Handling AS operates its business through a unified segment. The company offers Horizontal Carousel (HOCA) Automated Storage Machine. It is a computer-controlled storage and transfer solution that significantly improves the efficiency of product storage and picking.
Kardex AG operates its business through segments such as Kardex Remstar and Kardex Mlog. The company offers Kardex Remstar Horizontal carousel. It is used to store and retrieve goods quickly, reliably, and cost-effectively for applications with high retrieval rates or moderately fast- and slow-moving goods.
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Horizontal Carousel Market End-user Outlook (Revenue, USD Million, 2020-2024)
Food and beverage
Horizontal Carousel Market Geography Outlook (Revenue, USD Million, 2020-2024)
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