Global Racks and Frames Market Overview:
The rack is a framework or stand or grating in which articles are placed. Racks and frames are generally metallic objects which are used to store or place a wide range of objects. They are designed for specific purposes according to their use cases like use in supermarkets, data centers, cable management, inventory. They are engineered to store a maximum number of products using vertical height.
Growth Drivers
- Increase in Demand Due to Rising Inventory Needs
- Growing Demand for Racks and Storage Due to Increasing Uses of Servers in Businesses
Market Trends
- Offering Niche Products to Different Use Cases
- Introduction of Stylised Frames and Racks for Showcases
Roadblocks
- Lowering Margins Because of Steep Competition Hindering the Racks and Frames Market
Opportunities
- Rising Demand for Racks and Frames from Emerging Economies
- Souring Demand for Racks and Frames from Households Due to Increasing Population
Challenges
- Increasing Cost of Raw Materials Used in the Production of Racks and Frames
Competitive Landscape:
Some of the key players profiled in the report are The Emerson Electric Company (United States), Schneider Electric (France), Dell (United States), Purvatech Solutions (India), Netrack (India), Donracks (India), Hewlett Packard Enterprise (United States), Quality Material Handling Inc. (United States), Edsal (United States), Craftsman Storage (India) and Blue Boy Industries (India). Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Racks and Frames market. Considering Market by Industry Verticals, the sub-segment i.e. Chemical Industry will boost the Racks and Frames market.
Occupational Safety and Health Administration (OSHA) has regulations regarding storage racks. 1910 176(b) deals with the safety of store items. 1910 159 regulates the height of storage to fire sprinklers. OSHA has regulations regarding rack columns, minimum or maximum possible loads, etc.
What Can be Explored with the Racks and Frames Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Racks and Frames Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Racks and Frames
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Racks and Frames market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Racks and Frames market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Racks and Frames Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.