What is Vertical Racking Market?
Vertical Racking is defined as the safe as well as a cost-effective system, which is mainly designed to store long products vertically and it also increases storage capacity and ease of picking. It is widely used in warehouse racking for upright storage & display of long items. Vertical racking is usually used to store various materials such as beading, timber lengths, copper tube, aluminum profile, plastic pipes, uPVC, sheet materials, among others. It is available in different width as well as sizes in order to support the material and object placed on it for storage purpose. Factories, warehouse, logistics, among others are some of the major application of vertical racking.
The market study is being classified by Type (Single Sided Racking and Double Sided Racking), by Application (Factories, Warehouse, Logistics and Others) and major geographies with country level break-up.
Wickens (United Kingdom), Rack Industries Ltd. (United Kingdom), Filplastic UK Ltd. (United Kingdom), EAB Global, Inc. (United States), Steel King Industries, Inc. (United States) and Video Mount Products (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United Kingdom Manufacturers will contribute to the maximum growth of Global Vertical Racking market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vertical Racking market by Type, Application and Region.
On the basis of geography, the market of Vertical Racking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Installation of Industrial Racking Systems in E-commerce and 3PLs for Retail & General Purposes
- Increasing usage of Vertical Racking in Food & Beverage Industry
Market Trend
- Increasing warehouse space optimization and Rising Popularity of Omnichannel Globally
Restraints
- The problem regarding the Shortage of modern warehouse facilities will lead to tough competition for space among E-commerce players
Opportunities
- Rising Demand from Emerging Economics such as China, India, Brazil, among others
Challenges
- Issue related to High Prices of Vertical Racking Products
- Steel Prices Expected To Increase During the Forecast Period
Market Leaders and some development strategies
Vertical Racking Manufactures Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Retailers, Supermarkets, and Hypermarkets and Traders, Exporters, and Importers
In August 2017, the Video Mount Products (United States) company has launched ERVR series of vertical equipment racks, which is available in 1U, 2U, and 4U configurations. Hence, it will benefit the increased product portfolio of the company.