Warehouse Racking Market Size, Industry Trends, Share and Growth Analysis Report by 2021-2027

The global Warehouse Racking market is forecast to reach USD 11.02 Billion by 2027, according to a new report by Reports and Data. Warehouse racking systems of different types have become an integral part of warehouse operations and inventory needs. The main goals have been to make the best use of warehouse floor space, maximize worker productivity, and minimize inventory management costs. Industries adopt a range of racking systems that best meet their needs in terms of warehouse design, type of goods and materials stored, expected capacity, and specific picking process used. These considerations also aid in choosing the choice of materials from which the racks should be made.

In recent years, developed countries like the UK have experienced a growing trend in warehouse automation. This opens up new lucrative avenues. Besides, the expansion of the storage system product portfolio is a notable trend that is driving demand for new designs and materials in warehouse racking systems. Much of the growth in the warehouse racking market also stems from the ever-increasing need for frozen food storage in various parts of the world. The pace of growth in e-commerce sales in emerging economies has spurred demand for more massive warehouse racks. The growing need for bulk storage in various parts of the world is also boosting prospects in the market.

Several other retail businesses have also suffered from crippling inconsistencies in meeting consumer demands due to the lack of appropriate warehouse shelving. In this regard, the growing demand for automated storage and retrieval systems in warehouse infrastructure has also opened up new avenues for players in the market.

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Key participants include Daifuku, Ltd., Mecalux, S.A., SSI Schaefer, Foothills Systems, Hannibal Industries, EMRACK INTERNATIONAL, Kardex Group, ARPAC. Dematic, and Jungheinrich AG, among others.

Further key findings from the report suggest

For the purpose of this report, Reports and Data have segmented into the global Warehouse Racking market on the basis of Type, Carrying Capacity, End-Use Industry, and Region:

Type Outlook (Revenue, USD Billion; 2017-2027)

Selective Pallet
Push Back
Drive-In
Pallet Flow
Cantilever
Others

Carrying Capacity Outlook (Revenue, USD Billion; 2017-2027)

Light Duty
Medium Duty
Heavy Duty

End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)

Automotive
Food and Beverage
Manufacturing
Retail
Packaging
Others

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The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report further explores the key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches, among others.

Regional analysis covers assessment of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue and gross margins, and presence of key players in the region. The report also offers insights about revenue growth, market size, market share, technological advancements, and presence of key players in each region.

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Regional Bifurcation of the Warehouse Racking Market Includes:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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