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Global Pallet Rack Market Growth 2023-2029
SKU ID : LPI-22304631 | Publishing Date : 05-Jan-2023 | No. of pages : 123
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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.
Researcher's 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.
Market Segmentation:
Segmentation by type
Selective Pallet Rack
Drive-In and Drive-Through Pallet Rack
Push-Back Pallet Rack
Pallet Flow Rack
Others
Segmentation by application
Distribution Centers
Manufacturing Facilities
Large-Scale Retail
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Averys
SSI SCHAEFER
Unarco Material Handling
Ridg-U-Rak
KION Group
Steel King
Mecalux
Elite Storage Solutions
Daifuku
Advance Storage Products
AR Racking
Inform
Hannibal Industries
Nedcon
JINGXING
TKSL
Frazier Industrial
Top-tiger
Murata Machinery
Rack Builders
North American Steel
Speedrack Products
Constructor Group
Ouyade
Sanshin Metal Working
Nanjing Kingmore
Tianjin Master Logistics
Jiangsu NOVA
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?
All types of pallet racking increase storage density of the stored goods. Costs associated with the racking increases with increasing storage density.
Researcher's 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.
Market Segmentation:
Segmentation by type
Selective Pallet Rack
Drive-In and Drive-Through Pallet Rack
Push-Back Pallet Rack
Pallet Flow Rack
Others
Segmentation by application
Distribution Centers
Manufacturing Facilities
Large-Scale Retail
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Averys
SSI SCHAEFER
Unarco Material Handling
Ridg-U-Rak
KION Group
Steel King
Mecalux
Elite Storage Solutions
Daifuku
Advance Storage Products
AR Racking
Inform
Hannibal Industries
Nedcon
JINGXING
TKSL
Frazier Industrial
Top-tiger
Murata Machinery
Rack Builders
North American Steel
Speedrack Products
Constructor Group
Ouyade
Sanshin Metal Working
Nanjing Kingmore
Tianjin Master Logistics
Jiangsu NOVA
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?
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
