Global Drum Storage Racks Market Research Report 2022

Drum storage racks are essential tools in the material handling industry. They are used for bolstering the handling and storing of drums that encase materials such as chemicals, petrochemicals, solvents, paints, fertilizers, and food and beverage chemical preservatives and additives.
Market Analysis and Insights: Global Drum Storage Racks Market
Due to the COVID-19 pandemic, the global Drum Storage Racks market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Pallet Racks accounting for % of the Drum Storage Racks global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chemicals and Fertilizers Industry segment is altered to an % CAGR throughout this forecast period.
More than 38% of the market’s incremental growth is expected to come from the North Americas. The countries in the region are focusing on the development of their chemical infrastructure. Moreover, the region also comprises of some of the leading oil-producing companies such as the US, Mexico, and Venezuela. This, coupled with the growing demand for oil and chemical products will drive the need for drum storage racks in this region.
Global Drum Storage Racks Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Drum Storage Racks Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Pallet Racks
Beam Racks
Others
Segment by Application
Chemicals and Fertilizers Industry
Petroleum and Lubricants Industry
By Company
DENIOS
Drum Runner
New Pig
Vestil
Wesco Industrial Products
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina