openPR Logo
Press release

Global Pallet Racking Market | Elite Storage Solutions, Ridg-U-Rak, Averys, AR Racking will reach CAGR of 6.8%, Opportunities, Industry Trends and Forecast to 2025

02-05-2020 01:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Future

Global Pallet Racking Market | Elite Storage Solutions,

The latest report by Market Research Future (MRFR) asserts that the Global Pallet Racking Market 2020 is slated to procure a substantial market valuation from USD 8.2 billion in 2018, at a moderate 6.8% CAGR over the review period.

Drivers and Restraints

The global pallet racking market is poised to witness significant growth owing to the key driving factors, such as the growing demand for automation in the warehouses. The e-commerce industry is observing seamless growth in developing countries of the Asia Pacific and the Middle East and Africa regions, such as India, China, South Korea, Kuwait, Saudi Arabia, and the United Arab Emirates (UAE), among others. The rising labor costs, coupled with rising warehousing rents consistently over the last decade, have forced companies to employ their warehousing /storage space more efficiently. End-users need to keep a sharp eye on these cost factors, which is giving impetus to pallet racking system manufacturers. Many products with space-efficient storage systems, such as pallet racking systems, have been developed recently to address this need. In order to decrease labor costs further, automation is expected to continue to rise.

Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/8332

Competitive Analysis

The top market players recognized by MRFR in the global market are Ridg-U-Rak (US), Elite Storage Solutions (US), AR Racking (Spain), Averys (France), Advance Storage Products (US), Daifuku (Japan), Hannibal Industries (US), SSI SCHAEFER (US), Mecalux (Spain), Steel King (US), KION Group (Germany), and Unarco Material Handling (US).

Segmental Analysis

The global pallet racking market has been analyzed on the basis of pallet racking types, frame load capacity, racking system type, and end-use industry.

The pallet racking system type segment comprises shuttle racking, conventional, mobile racking, and hybrid/customized racking. The hybrid/customized racking segment held the largest market share of the global pallet racking market in 2018 and is slated to witness the highest CAGR during the forecast period. Due to their multiple applications, customized racking is used in almost all small-scale and large-scale warehouses.

The racking system type segment includes cantilever racking, push back racking, carton flow racking, selective racking, pallet flow racking, drive-in racking, and others. Selective racking is the most commonly used racking system as it offers access to every location, giving users flexibility in product storage and retrieval.

The frame load capacity segment comprises up to 5 ton, 5-15 ton, and above 15 ton.

The end-use industry segment includes automotive, food & beverage, retail, manufacturing, warehouse & logistics, and others. The warehouse & logistics segment is expected to hold the largest share of the global market, owing to the growing e-commerce logistics market.

Regional Analysis

The geographical analysis of the global pallet racking market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (covering Latin America as well as the Middle East and Africa).

The Asia Pacific has been considered as the fastest growing regional market for pallet racking over the review period. This is accredited to the rapid industrialization and improving economic dynamics in developing countries such as China, India, Japan, Taiwan, South Korea, and others. The disposable income and purchasing power of consumers has improved fourfold in the Asia Pacific, contributing to the flourishing e-commerce sector in the region. This further drives the transportation and logistics processes, thus driving the pallet racking market over the assessment period.

The rest of the world segment is also expected to witness gradual growth over the review period. The primary influential factor for the growth of the pallet racking market in this regional market is the e-commerce boom in the middle east and Africa and the need for advanced transportation and logistics processes in the region.

Browse Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/pallet-racking-market-8332

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter's Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

5 Global Pallet Racking Market, By System Type

5.1 Introduction

5.2 Conventional

5.2.1 Market Estimates & Forecast, 2019-2025

5.2.2 Market Estimates & Forecast, By Region, 2019-2025

5.3 Mobile Racking

5.3.1 Market Estimates & Forecast, 2019-2025

5.3.2 Market Estimates & Forecast, By Region, 2019-2025

5.4 Shuttl Racking

5.4.1 Market Estimates & Forecast, 2019-2025

5.4.2 Market Estimates & Forecast, By Region, 2019-2025

5.5 Hybrid/Customized Racking

5.5.1 Market Estimates & Forecast, 2019-2025

5.5.2 Market Estimates & Forecast, By Region, 2019-2025

Office No. 528, Amanora Chambers Pune - 411028

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Pallet Racking Market | Elite Storage Solutions, Ridg-U-Rak, Averys, AR Racking will reach CAGR of 6.8%, Opportunities, Industry Trends and Forecast to 2025 here

News-ID: 1920320 • Views: 335

More Releases from Market Research Future

Autism Disorder and Treatment Market Pipeline Review and Industry Trend Analysis …
The global autism disorder and treatment market is expected to exhibit a CAGR of 4.37% over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). The global autism disorder and treatment market was valued at USD 5,143.6 million in 2016 and is likely to exhibit rapid growth over the forecast period due to the rising awareness about autism spectrum disorders (ASD) and
Neurorehabilitation Devices Market Analysis By Top Companies : Hocoma AG, Ekso B …
Neurorehabilitation Devices Market Analysis The neurorehabilitation devices market is anticipated to touch USD 2.25 billion between 2013-2022, states the latest Market Research Future (MRFR) report. Neurorehabilitation devices are therapeutic devices that are utilized in rehabilitation programs. It deals with daunting challenges to learn to live with different neurological conditions including amyotrophic lateral sclerosis, peripheral nervous disorders, spinal cord injuries, brain tremor, multiple sclerosis, Parkinson's disease, epilepsy, ADHD, and Alzheimer's disease. Besides,
Microfluidics Devices Market Technology Improvements, Industry Share, Global Tre …
Detail Analysis of Global Microfluidics Devices Market with respect to region specific market growth and competitive analysis on the basis of major players present in the market. Detail analysis on possible segments and sub segments of the market. Along with this regional analysis of the market which includes America, Europe, Asia Pacific and Middle East and Africa. Forecast till 2023 The Microfluidics Devices Market is continually growing mainly due to the
Clear Aligners Market Size 2020, Share, Industry Growth, Global Analysis, Resear …
Global Clear Aligners Market Research Report: Information by Product Type (Hard, Medium and Soft), Age (Adult and Teenager), Distribution Channel (Direct Sales and Laboratories) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2025 Clear Aligners Market Overview Global Clear Aligners Market size is expected to register 20.80% CAGR and is anticipated to reach USD 7019.96 Million by 2025, according to the latest market research report from

All 5 Releases


More Releases for Racking

Global Vertical Racking market 2019 – 2025 analysis scrutinized in new researc …
The research report focuses on target groups of customers to help players to effectively market their products and achieve strong sales in the global Vertical Racking market. It segregates useful and relevant market information as per the business needs of players. Readers are provided with validated and revalidated market forecast figures such as CAGR, revenue, production, consumption, and market share. Our accurate market data equips players to plan powerful strategies
Selective Pallet Racking System Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Selective Pallet Racking System Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-selective-pallet-racking-system-market_p112607.html   Pallet rack is a material
Pallet Racking System Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Pallet Racking System Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-pallet-racking-system-market_p112576.html   Pallet rack is a material handling storage
 Vertical Racking Market Share by 2025: QY Research
In the recently published report, QY Research has provided a unique insight into the global Vertical Racking market for the forecasted period of 7-years (2018-2025). The report has covered the significant aspects that are contributing the growth of the global Vertical Racking market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting the global Vertical Racking
Industrial Racking System Market Competitive Landscape by 2025
Warehousing of industrial output has generated the need for material handling equipment, and industrial racking systems offer a solution for this requirement. From aerospace to construction, all industries require well maintained storage systems for proper preservation of their product line, which is the main factor spurring growth of the industrial racking system market. The industrial racking system offers optimum techniques for storage in different forms, such as pallet racks, light
Industrial Racking System Market Trends and Key Developments (2017-2025)
Introduction: Warehousing of industrial output has generated the need for material handling equipment, and industrial racking systems offer a solution for this requirement. From aerospace to construction, all industries require well maintained storage systems for proper preservation of their product line, which is the main factor spurring growth of the industrial racking system market. The industrial racking system offers optimum techniques for storage in different forms, such as pallet racks, light