Rack Market Size, Share & Trends Analysis Report and Segment Forecast (2024-2031)

Market Overview :

The storage and material handling business rely heavily on racks. Rack systems are very adjustable and provide safety, efficient storage, and proper product distribution. Racks are used to store materials, products, and loads for short or lengthy periods. Storage racks keep products organized, give simple access to items in the warehouse, and improve the distribution channels' operational efficiency. The rack market is growing as people become more conscious of making the most of their warehouse space. Storage procedures for heavy and fragile things that are cost-effective and methodical could be a market driver. In addition, the increased demand for systematic and simple material handling is driving up sales and profits for industry players. Technical developments in rack systems are among the most important drivers in the European rack market.

Market Trends :

The growing need for data centers with advancing technology and IT services is expected to drive the rack market. However, the high cost of installation and repair of the racks.

The growing need for data centers with advancing technology and IT services is expected to drive the rack market

The rapid expansion of mobile broadband and advances in big data analytics and cloud computing are driving the development of new data centers. Furthermore, the industry will be influenced by enterprises' transition from hardware to software-based services.

According to a survey, between 3 and 5 owned data centers are operated by 33% of the company. 7% of companies, on the other hand, handle more than 50 data centers. Due to several advantages like space savings, decreased downtime, ease of use, easy installation, and better remote management, the growing number of data centers globally will create new opportunities for manufacturers to offer data center racks.

For instance, in 2021, Vertiv launched its pre-assembled micro data center system in Europe, designed for Edge or small IT sites. The VRC-S includes a rack power distribution system, monitoring sensors, a UPS, and software. The single-rack system assembled in a factory will be available in the Middle East, Europe, and Africa.

Moreover, in 2018, Huawei announced the adoption of Open Compute Project Open Rack in its new public cloud data centers. The open rack will improve Huawei's sustainability by utilizing less energy for the servers, decreasing maintenance, and installing shelves.

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Market Segmentation :

The global rack market is segmented into the data center, food & beverages, retail, healthcare, and others based on end-user.

A data center rack is an electronic frame specifically built to house several data centers' computer equipment such as servers, gadgets, and cables. The racks are primarily used to reduce the amount of floor space required. It is provided with security, cooling, and easy system troubleshooting.

Datacenter rack height is one of the popular ways to classify a server. The market is categorized into 42U and below, 42U to 48U, and 52U and above based on rack height. 42U and 48U are the standard height since they are small enough to access equipment easily and large enough to allow room for growth.

Moreover, increasing end-user adoption due to low-cost rack solutions is expected to impact market growth positively. For instance, in 2019, NETRACK launched Data Center racks to cater to the banking and insurance sectors.

Geographical Share :

The global rack market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.

North America has the leading proportion of the global data center rack market, with the United States accounting for most demand. The U.S. is the leading country, with about 2500 data centers and a market share of 35 to 40% globally. Furthermore, more than 250 data centers, such as in Canada, are increasing the demand for data center racks for improved space, power, and cooling management.

With the region's rising potential, top corporations are devising a new strategy to increase their market position. For example, B3 Group Inc, a U.S.-based company, has begun supplying high-density racks in the market as of 2021. The new racks have 2.5 times the energy capacity of those previously available at its Santana do Parnaba high-tech data center.

Moreover, Vertiv introduced a line of local rack access consoles with an integrated KVM switch in 2020. The CLRA local rack access console offers 18.5-inch LCD panels, ideal for data center managers to manage various sites across several locations.

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Competitive Landscape

The global rack market is competitive with local and global brands. The significant players contributing to the market's growth include Schneider Electric, Donracks Supermarket Rack Manufacturers, Steiner B. Moore Corporation, Swisslog Holding AG, ABS, Esnova Racks S.A., Dexion, AR Racking, Kardex, MEX Storage Systems Pvt. Ltd., among others. To strengthen their offers in the market, warehouse management system players have used various organic and inorganic growth strategies, such as contracts and alliances, new product development, acquisitions, and expansions.

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