Tire Carousel Market Growth, Forecast and Value Chain 2019-2029
Posted: Jul 11, 2019
Over the past few decades, there has been significant addition and improvement in the product handling market worldwide. As the demand has augmented for space saving and safety of workers, the product/inventory handling market has observed a substantial growth
Earlier, manual tire storage system were used to store the tires. Gradually, with the evolution of technology semi-automatic and automatic tire carousel came into market. These automatic carousel contains tire carriers that rotate down and up to carry tires to the workers at an ergonomic height replacing the need for forklifts, ladders, and other harmful retrieval methods.
Tire Carousel Market: Dynamics
In order to increase the storage space coupled with rise in demand of safety for stocking & retrieving tires is estimated to drive the demand for tire carousel market. These tire carousel could store safely a large number of tires of many sizes, significantly increasing tire manufacturer storage capacity. Moreover these tires eliminates harmful and wasteful steps for retrieving and stocking tires. The tire carousel delivers tires straight to the workers replacing the need for hazardous equipment such as forklifts and ladders.
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Tire Carousel Market: Trends
Manufacturers are innovating in their product technology to sustain the market share for tire carousel market. For instance, Lista International Corporation announced new automated tire carousel that will take tire storage for the automotive industry to the next level of productivity. Also, Stanley Vidmar launched fully motorized tire carousel that allows operators to rotate the carrier frames, find the desired tire sets, and remove the tire safely to floor with a single push of a button.
Automotive manufacturers and dealership departments share a common challenge in terms of storage, distribution and sales of parts. To overcome from these problem, many manufacturers are taking advantage of automated tire carousel systems to significantly improve customer satisfaction and achieve significant overall profit margins from both their service and parts departments. Most of the dealers are now opting for automatic carousel within their parts departments that in turn will drive tire carousel market.
Likewise, increasingly stringent legislations (OSHA) and demand for safe and secure inventory is pushing distributors in the automotive industry to adopt lean inventory and logistics models. Automotive industries are looking at each & every possible way of cost optimization. This, in turn, augmenting the demand in the tire carousel market
Tire Carousel Market: Regional Outlook
Asia-Pacific is observing an increase in the automotive fleet, initiating from countries such as China, South Korea, Japan, Malaysia, Indonesia and Taiwan. This burgeoning market demand can be attributed to stricter regulations for employee safety, rising labor cost and the necessity to improve accuracy with better command on processes. The distributors/manufacturers in this region are trying to compete with the automated and advanced industries in North America and Europe. To gain the advantage over other regions, most of the countries in this region are implementing the strategy of improving productivity and cutting long-term functional costs by switching to entirely automated solutions. The automotive industry is experiencing enormous growth, owing to the increasing demand from aftermarket in the region. The Asia Pacific market is anticipated to overcome the combined revenues of Europe and North America by 2029.
Tire Carousel Market: Segmentation
On the basis of technology, the Tire Carousel market can be segmented into:
On the basis of end use customers, the Tire Carousel market can be segmented into:
On the basis of type, the Tire Carousel market can be segmented into:
- Small Parts Tire Carousel
- Vertical Tire Carousel
- Vertical Lifts
On the basis of vehicle type, the Tire Carousel market can be segmented into:
- Passenger Car
- Heavy duty Vehicle
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Tire Carousel Market: Market Participants
Examples of some of the market participants/vendors identified in the Tire Carousel market across the globe are:
- Stanley Black & Decker (Lista)
- Vindir (Vertical Storage Solutions)
- Kenda Tire
- Remco Equipment
- Tarmell Equipment Company
- Felix Loeb
- AS/R Systems, Inc.
- Donnegan Systems Inc.
- MSK Canada
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