Press release
The Industrial Carousel System Market to stand out in the automotive sector with its stunning innovative practices
Industrial carousel system has proved to be an efficient solution as it offers various features that increases productivity, minimizes maintenance cost and provide quality storage solution. Growing demand for automation in manufacturing sector is a major driver for the growth of industrial carousel system. Furthermore, Industrial carousel system help in reducing labor costs as automated computerized inventory system will require less number of labors. Market growth of industrial carousel system is expected to glare with moderated CAGR over the forecast period.
For enhancing the product line, manufacturers are inclined towards these automated carousel systems over conventional ASRS. Automotive manufacturers face lots of challenges such as shorter production cycle, complexities with production and others; industrial carousel system provide solution for all these problems secure tooling storage, spare part distribution, incoming material.
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FACTS AT A GLANCE
Companies: Bastian solution,Beumer group,Egemin automation,Daifuku Co., Ltd.,System Logistics Corporation,Dearborn mid-west company,Kardex GMBH,Wynright Corporation,Murata Machinery, Ltd.,Swisslog Holding AG
Coverage: All major geographies and key segments
Segments: Industrial Carousel System Market Segmented By feature such as horizontal industry carousel, vertical industry carousel, rotary industry carousel and vertical lift industry carousel with application such as assembly, storage, order picking, distribution, kitting, handling waste and others
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Drivers:
Industrial carousel systems are anticipated to witness increased adoption due to added benefits such as low maintenance, easily handling, etc. Furthermore, as manufacturing industry such as automotive is growing with a stable pace, there will be sufficient demand for automated storage and retrieval systemIn warehouse and distribution centers, industrial carousel systems solves purpose for picking, distribution, sorting, packing and others. Wide application in all industries become the major driving force for industrial carousel system market.
Restraints:
The growth of industrial carousel market is anticipated to be hindered by certain factors such as hefty investment and preservation costs for equipment and others. In automotive industry, rising price for equipment availability for lease is also one factor to restrain growth of industrial carousel system market.
Furthermore, the complexities for the end-user industry is to select the appropriate technology which avails the business requirements and augmenting the balance between the cost and performance of industrial carousel system hamper the expected growth of carousel system market. Furthermore, industries in developing and underdeveloped region, who has not adopted 100% automation in their processes, are reluctant to invest in such technologies.
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