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PUBLISHER: Grand View Research | PRODUCT CODE: 1268785
PUBLISHER: Grand View Research | PRODUCT CODE: 1268785
Warehouse Racking Market Size, Share & Trends Analysis Report By Product (Selective Pallet, Drive-in), By Application (Automotive, Food & Beverages), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030
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PAGES: 145 Pages
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Warehouse Racking Market Growth & Trends:
The global warehouse racking market size is expected to reach USD 12.41 billion by 2030, registering a CAGR of 4.1% according to a new report by Grand View Research, Inc. The demand for warehouse racking is expected to witness significant growth owing to the rising awareness of the benefits of systematic storage and easy material handling processes.
Warehouse racks manufactured using steel are popularly used in automotive, retail, manufacturing, and other applications as it is robust and durable. The warehouse racks manufactured using steel exhibit superior durability. The cost of steel-based warehouse racks is low, and these products can be constructed for normal floor units and high-rise shelving systems.
The product manufacturers operating in the market include Hannibal Industries, Georgia-Pacific, Dematic, SSI Schaefer, EMRACK INTERNATIONAL, and others. These market players introduce warehouse racking systems incorporated with advanced technologies such as sensors, robotics, and others. The use of the aforementioned technologies helps in making warehouse operations more efficient.
Expansion of various application industries such as automotive, manufacturing, retail, food and beverage, and others across the globe is projected to promote the demand for storage of goods. Rising demand for warehouse space in order to store and gain easy access to the products is anticipated to propel the need for optimizing the warehouse space.
The warehouse racking market players offer collision-resistant, earthquake-resistant, clean, wire mesh racking systems focusing on the safety and protection of the workplace. The manufacturers are inclined towards warehouse management software systems and other automation techniques to minimize the retrieval and processing time in the warehouse and the control systems enabling the workers' safety.
Warehouse Racking Market Report Highlights:
- The growing demand for cantilevers in warehouse racking is likely to drive its growth at a CAGR of 5.0% over the forecast period. The use of cantilever racks is expected to emerge as one of the fastest-growing product segments driven by the ease of storage and retrieval of products with varying weights, sizes, and lengths. These racks exhibit an easy installation and assembly with only a few components needed to build the product storying and holding structure
- The selective pallets segment is expected to reach USD 5.8 billion in revenue by 2030, owing to its superior selectivity in warehouse applications. Selective pallets are the most common and widely used racking system and are expected to witness high demand from various application industries such as retail, food & beverages, automotive, and others. The system provides efficient use of space and quick access to the load or product stored using any type of forklift. However, the system requires numerous aisles for higher selectivity, making it a low-density option when compared to the other type of racking system
- The retail segment is anticipated to dominate the market accounting for 34.35% of the market in 2022. The retail application segment accounts for the largest share and acts as vital to the overall growth of the market owing to the increasing number of warehouses, online retail, supermarkets, hypermarkets, food retails, and others. Increasing demand of product multi-channel fulfillment, sales cycles, and storage density requirement of large volume products are the key factor that is adding significant growth to the overall market for warehouse racking
- The U.S. accounted for a market share of 65.3% of the North America warehouse racking market in 2021. The economy caters large e-commerce market, superior infrastructure & automation facility, and a highly skilled workforce which is further expected to make the same economy more favorable for growth. Timely movement of goods and a cost-effective racking system is the major factor driving the market for warehouse racking in U.S.
- Innovators majorly deal with introducing robotics, software, and remote-controlled processes and automation in the racking systems. The market witnessed the acquisition of robotics startup companies by some of the prominent players. It enhances the product portfolio of the companies and enables them to offer automation
Product Code: GVR-3-68038-985-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2022
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Technology Trends
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunity Analysis
- 3.4.4. Market Challenge Analysis
- 3.5. Business Environment Analysis: Warehouse Racking Market
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat from New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. Industry Analysis - PESTLE by SWOT
- 3.5.1. Industry Analysis - Porter's
- 3.6. Market Disruption Analysis
Chapter 4. Warehouse Racking Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2022 & 2030
- 4.3. Warehouse Racking Market Estimates & Forecasts, by Product, 2018 to 2030 (USD Million)
- 4.3.1. Selective Pallets
- 4.3.2. Drive-in
- 4.3.3. Push Back
- 4.3.4. Pallet Flow
- 4.3.5. Cantilever
- 4.3.6. Others
Chapter 5. Warehouse Racking Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2022 & 2030
- 5.3. Warehouse Racking Market Estimates & Forecasts, by Application, 2018 to 2030 (USD Million)
- 5.3.1. Automotive
- 5.3.2. Food & Beverage
- 5.3.3. Retail
- 5.3.4. Packaging
- 5.3.5. Manufacturing
- 5.3.6. Others
Chapter 6. Warehouse Racking Market: Regional Estimates & Trend Analysis
- 6.1. Warehouse Racking Market: Regional Key Takeaways
- 6.2. Warehouse Racking Market: Regional Outlook
- 6.2.1. North America
- 6.2.1.1. North America warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.2. U.S.
- 6.2.1.2.1. U.S. warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.3. Canada
- 6.2.1.3.1. Canada warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1.4. Mexico
- 6.2.1.4.1. Mexico warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Europe
- 6.2.2.1. Europe warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2.2. U.K.
- 6.2.2.2.1. U.K. warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2.3. Germany
- 6.2.2.3.1. Germany warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2.4. France
- 6.2.2.4.1. France warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2.5. Italy
- 6.2.2.5.1. Italy warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Asia Pacific
- 6.2.3.1. Asia Pacific warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.3.2. China
- 6.2.3.2.1. China warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.3.3. Japan
- 6.2.3.3.1. Japan warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.3.4. India
- 6.2.3.4.1. India warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.3.5. South Korea
- 6.2.3.5.1. South Korea warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Central & South America
- 6.2.4.1. Central & South America warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Brazil
- 6.2.4.2.1. Brazil warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5. Middle East & Africa
- 6.2.5.1. Middle East & Africa warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Saudi Arabia
- 6.2.5.2.1. Saudi Arabia warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.3. UAE
- 6.2.5.3.1. UAE warehouse racking market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.1. North America
Chapter 7. Warehouse Racking Market - Competitive Analysis
- 7.1. Key players & recent developments & their impact on the industry
- 7.2. Vendor Landscape
- 7.3. Competition Categorization
- 7.4. Company market position analysis
- 7.5. Competitive Dashboard Analysis
- 7.6. Private Companies
- 7.7. List of key emerging companies and their geographical presence
- 7.8. Comaony Heat Map Analysis
- 7.9. Company Listings
- 7.9.1. Daifuku Co., Ltd.
- 7.9.2. Mecalux S.A.
- 7.9.3. Kardex Group
- 7.9.4. Hannibal Industries, Inc.
- 7.9.5. EMRACK INTERNATIONAL
- 7.9.6. Jungheinrich AG
- 7.9.7. AK Material Handling Systems
- 7.9.8. SSI SCHAEFER Group
- 7.9.9. Dematic
- 7.9.10. Toyota Industries Corporation
Product Code: GVR-3-68038-985-2
List of Tables
- Table 1 Warehouse racking market revenue estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 2 Warehouse racking market revenue estimates & forecasts by application, 2018 - 2030 (USD Million)
List of Figures
- 1. Information Procurement
- 2. Primary Research Pattern
- 3. Primary Research Process
- 4. Market research approaches - Bottom Up Approach
- 5. Market research approaches - Top Down Approach
- 6. Market research approaches - Combined Approach
- 7. Warehouse racking market segmentation
- 8. Market Lineage Outlook
- 9. Warehouse racking market - Value chain analysis
- 10. Warehouse racking: Market dynamics
- 11. Warehouse racking market driver impact analysis
- 12. Warehouse racking market, by Product: Key takeaways, 2022 & 2030
- 13. Warehouse racking market, by Product: Market Share, 2022 & 2030
- 14. Warehouse racking market, by Application: Key takeaways, 2022 & 2030
- 15. Warehouse racking market, by Application: Market Share, 2022 & 2030
- 16. North America warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 17. U.S. warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 18. Canada warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 19. Mexico warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 20. Europe warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 21. Germany warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 22. France warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 23. Italy warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 24. U.K. warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 25. Asia Pacific warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 26. China warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 27. India warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 28. Japan warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 29. South Korea warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 30. Central & South America warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 31. Brazil warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 32. Middle East & Africa warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 33. UAE warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 34. Saudi Arabia warehouse racking market estimates & forecasts, 2018 - 2030 (USD Million)
- 35. Warehouse racking market: Competitive Environment
- 36. Company Heat Map Analysis
- 37. Warehouse racking market: Competitive dashboard analysis
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