Pallet Rack Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2023

Pallet rack is a material handling storage aid system designed to store materials on pallets (or "skids"). Although there are many varieties of pallet racking, all types allow for the storage of palletized materials in horizontal rows with multiple levels. Since the Second World War, pallet racks have become an essential and ubiquitous element of most modern warehouses, manufacturing facilities, retail centers, and other storage and distribution facilities.

All types of pallet racking increase storage density of the stored goods. Costs associated with the racking increases with increasing storage density.

LPI (LP Information)' newest research report, the "Pallet Rack Industry Forecast" looks at past sales and reviews total world Pallet Rack sales in 2022, providing a comprehensive analysis by region and market sector of projected Pallet Rack sales for 2023 through 2029. With Pallet Rack sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pallet Rack industry.

This Insight Report provides a comprehensive analysis of the global Pallet Rack landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pallet Rack portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Pallet Rack market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pallet Rack and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pallet Rack.

The global Pallet Rack market size is projected to grow from US$ 2686.5 million in 2022 to US$ 3774.9 million in 2029; it is expected to grow at a CAGR of 3774.9 from 2023 to 2029.

The major types of Pallet Rack are Selective pallet rack, Drive-in and drive-through pallet rack, Push-back pallet rack, Pallet flow rack, etc. Selective pallet rack is the dominated type, which accounting for above 40% sales share in terms of volume.

Averys, SSI SCHAEFER, Unarco Material Handling, Ridg-U-Rak, KION Group, Steel King, Mecalux and Elite Storage Solutions are the top 8 players of Pallet Rack, with about 20% market shares. In 2018, North America accounted for 27% of the primary sales market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Pallet Rack market by product type, application, key manufacturers and key regions and countries.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Pallet Rack market?
What factors are driving Pallet Rack market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pallet Rack market opportunities vary by end market size?
How does Pallet Rack break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Request Sample Report and Full Report TOC:
https://www.lpinformationdata.com/reports/454880/pallet-rack-2029

Strategic Points Covered in TOC:
Chapter 1: Scope of Pallet Rack, Research Methodology, etc.
Chapter 2: Executive Summary, global Pallet Rack market size (sales and revenue) and CAGR, Pallet Rack market size by region, by type, by application, historical data from 2017 to 2023, and forecast to 2029.
Chapter 3: Pallet Rack sales, revenue, average price, global market share, and industry ranking by company, 2017-2023
Chapter 4: Global Pallet Rack sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by type, and type.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Pallet Rack market size forecast by region, by country, by type, and application.
Chapter 13: the key raw materials and key suppliers, and industry chain of Pallet Rack.
Chapter 14: Research Findings and Conclusion

E-mail: info@lpinformationdata.com
Tel: 001-626-346-3938 (US) 00852-58080956 (HK) +86 136 6048 9451（CN）
Add: 17890 Castleton St. Suite 369 City of Industry, CA 91748 US
Website: https://www.lpinformationdata.com

LP INFORMATION (LPI) is a professional market report publisher based in America, providing high quality market research reports with competitive prices to help decision makers make informed decisions and take strategic actions to achieve excellent outcomes.We have an extensive library of reports on hundreds of technologies.Search for a specific term, or click on an industry to browse our reports by subject. Narrow down your results using our filters or sort by what's important to you, such as publication date, price, or name.

This release was published on openPR.