About Pallet Racking
Pallet racking is a single or multi-level storage system that is widely used to stack single items or pallet loads across various industries. The rapidly growing e-commerce sector across the globe and the demand for fulfillment centers are expected to boost the demand for pallet racking. However, many warehouses or distribution centers are looking towards systems with higher storage density and optimum utilization of space. Modular or adjustable pallet racking or a system made with lightweight materials has been becoming a trend which led manufacturers for advance pallet racking.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Pallet Racking market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mecalux, S.A. (Spain), AR Racking (Spain), Godrej Group (India), Craftsman Storage Systems (India), SSI Schaefer (United States), Daifuku Co., Ltd. (Japan), Rapid Racking Ltd (United Kingdom), Ridg-U-Rak (United States), Jungheinrich AG (Germany), Steel King Industries, Inc. (United States), Nucor Warehouse Systems (United States), Gonvarri Material Handling (Norway), Shelving + Rack Systems, Inc. (United States) and Toyota Industries Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Pallet Racking market by Type (Cantilever Pallet Racking, Selective Pallet Racking, Double Deep Pallet Racking, Push Back Pallet Racking, Drive In/Drive Through Racking, Pallet Flow Racking, Mobile Racking, Shuttle Pallet Racking and Others) and Region.
On the basis of geography, the market of Pallet Racking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Retail will boost the Pallet Racking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Steel will boost the Pallet Racking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Advanced Materials and More Innovative Construction Techniques for Pallet Racking and Emerging Trends of Pallet Racking Made with Light Weight Materials As Well As Modular or Adjustable Pallet Racking
Market Growth Drivers:
Increasing Demand of Heavy Duty Pallet Racks for Application in Warehouses Due to Its Versatility and Long-Lasting, Growing Popularity of Drive In or Drive Through Pallet Racking for Optimum Utilization of Available Space and Adoption of Automation and Robotics in the Warehouse & Distribution Centers
Challenges:
High Cost, Lower Storage Density, and Difficulties in Goods Picking in Some Types of Pallet Racking
Restraints:
Most of The Pallet Racking is Made of Steel and Increasing Prices of Raw Material May Affect the Market
Opportunities:
Significant Growth of E-commerce Sector in Asia Pacific Countries Such As China and India May Create Noteworthy Opportunities
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Pallet Racking Manufacturers, Raw Material Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.