The global warehouse racking market is estimated to expand at a CAGR of 3.7% over the forecast period, reaching US$ 10.3 Bn by 2032.
Increasing advancements in the material handling technologies are expected to boost sales in the market over the forthcoming years. Selective pallet rack, double deep, pallet flow rack, and drive-in/drive-out rack are some of the most prominent types of pallet systems utilized in the warehouse racking market.
Different solutions are being presented as technology advances to make operations easier. With cutting-edge approaches and effective solutions, smart storage ideas are gaining traction. With the correct kind of training in automated solutions, a warehouse management system may be considerably more effective, empowering employees to be more productive even when working at a high intensity.
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Upgrading, modifying, or relocating storage systems in accordance with changing business needs is another significant consideration. This is compelling manufacturers to employ racking systems, such as drive-in pallet racks and structural selective pallet racks, thereby augmenting the growth in the market.
Key Takeaways:
- Based on the product type, sales in the drive-in pallet market are projected to grow at a 3.1% CAGR over the forecast period.
- In terms of application, demand in the retail segment will rise at a 2% CAGR through 2032.
- Sales in the U.S. warehouse racking market will increase at a 2.2% CAGR, dominating the North America market.
- Rapid expansion of the ecommerce sector will drive the India warehouse racking market at a 6.7% CAGR through 2032.
- The U.K. will emerge as a lucrative market, with sales growing at a 4.1% CAGR over the assessment period.
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Competitive Landscape
Daifuku, SsiSchaefer, Interroll, Dematic, Vanderlande, AK Material Handling Systems, Beumer, Constructor, Dmw&H, Godrej Storage Solutions, Warehouse Rack & Shelf LLC., and Steel King Industries, Inc. among others are some players operating in the
Leading players operating in the warehouse racking market are employing smart promotional strategies, advertisements, and new product launches to gain a competitive edge in the market.
More Insights into the Warehouse Racking Market Report
Future Market Insights, in its new offering, provides an unbiased analysis of the global warehouse racking market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the warehouse racking market based on the product type (roll formed selective pallet rack, structural selective pallet rack, push back pallet rack, drive in pallet rack) application (automotive, food & beverage, retail, packaging, manufacturing) across seven major regions.
Global Warehouse Racking Market by Category
Product Type:
- Roll Formed Selective Pallet Rack
- Structural Selective Pallet Rack
- Push Back Pallet Rack
- Drive In Pallet Rack
Application:
- Automotive
- Food & Beverage
- Retail
- Packaging
- Manufacturing
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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