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Global Industrial Racking System Market: By Type: Selective, Cantilever, Push-Back Pallet, Carton Flow, Pallet Flow, Others; By End Use: Automotive, Food and Beverage, Retail, Packaging, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Industrial Racking System Market Outlook

The global industrial racking system market is projected to grow at a CAGR of 6.5% between 2021 and 2026, to achieve USD 18 billion by 2026.

 

Global Industrial Racking System Market

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Growing Number of Modern Warehouses Across the World to Aid in the Market Growth

The industrial racking system industry is expected to rise in the forecast period, owing to several advantages it offers as compared to other material handling equipment, such as simple adaptability and implementation procedures. In North America, due to a growing demand of warehouses in many sectors, such as food and beverage, construction, agricultural, semiconductor, automobile, and others, the demand for industrial racking system is relatively mature. In addition, the market for industrial racking system has increased over the past few years due to the rising growth in the logistics market. The primary and major factor driving the demand in the area is this attributed growth, thereby boosting the revenue of the market. In addition, warehousing firms are focusing on investing in the development of smart warehouses to make the movement of packages smoother and more efficient, thus boosting the market for the industrial racking system.

 

Industrial Racking System: Industry Definition and Segmentation

Industrial racking systems are commonly used to stack up and store goods in various industries, warehouses, and other hubs. The ability of industrial racking system to distinguish, classify, mark and make it easy to find goods in warehouses has contributed to growing worldwide uptake of these products.

 

Global Industrial Racking System Market By End Use

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By type, the market is divided into:

  • Selective
  • Cantilever
  • Push-Back Pallet
  • Carton Flow
  • Pallet Flow
  • Others

On the basis of end use, the market is segmented into:

  • Automotive
  • Food and Beverage
  • Retail
  • Packaging 
  • Pharmaceuticals
  • Warehouse and Logistics
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Industrial Racking System Market By Region

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Diversification of Logistics Practices to Boost the Market

The worldwide demand for industrial racking system is inextricably related to trade volumes, the manufacturing industry and e-commerce. The material handling industry and industrial racking system appear to be heavily associated with the economy as a whole, i.e.,  if GDP rises, the supply chain's total stock demand also increases. A mind-boggling scope of cargo and payload-based transport areas is often found in the logistics sector worldwide. In any economy, logistics is one of the most important basic undertakings as it handles the management of the progression of goods from the point of departure to that of their consumption; hence, the industry requires the convergence of the angles of material processing, packaging, bundling, transport, inventory management, supply chain management, sourcing, and security of distribution. In the coming years of the prediction period, all these aspects are expected to assist the overall development of the global demand for industrial racking system.

 

Key Industry Players in the Global Industrial Racking System Market

The report gives a detailed analysis of the following key players in the global industrial racking system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Nedcon B.V.
  • Jungheinrich AG
  • Daifuku Co., Ltd.
  • Gonvarri Material Handling AS
  • BEUMER Group GmbH & Co. KG
  • Cornix Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region
Breakup by Type Selective, Cantilever, Push-Back Pallet, Carton Flow, Pallet Flow, Others
Breakup by End Use Automotive, Food and Beverage, Retail, Packaging, Pharmaceuticals, Warehouse and Logistics, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nedcon B.V., Jungheinrich AG, Daifuku Co., Ltd., Gonvarri Material Handling AS, BEUMER Group GmbH & Co. KG, Cornix Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Industrial Racking System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Industrial Racking System Historical Market (2017-2021) 
    8.3    Global Industrial Racking System Market Forecast (2022-2027)
    8.4    Global Industrial Racking System Market by Type
        8.4.1    Selective
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Cantilever
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Push-Back Pallet
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Carton Flow
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Pallet Flow
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Others
    8.5    Global Industrial Racking System Market by End Use
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Food and Beverage
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Retail
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Packaging
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Pharmaceuticals 
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Warehouse and Logistics
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Others
    8.6    Global Industrial Racking System Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Nedcon B.V.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Jungheinrich AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Daifuku Co., Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Gonvarri Material Handling AS
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    BEUMER Group GmbH & Co. KG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Cornix Group
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Industrial Racking System Market: Key Industry Highlights, 2016 and 2026
2.    Global Industrial Racking System Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Industrial Racking System Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Industrial Racking System Historical Market: Breakup by End Use (USD Billion), 2017-2021
5.    Global Industrial Racking System Market Forecast: Breakup by End Use Size (USD Billion), 2022-2027
6.    Global Industrial Racking System Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Industrial Racking System Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Industrial Racking System Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 6.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 18 billion by 2026.

The major driver of the industry includes the growing demand of warehouses in many sectors, such as food and beverage, construction, agricultural, semiconductor, automobile, and others.

The diversification of logistics practices is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The types of industrial racking system available are Selective, Cantilever, Push-Back Pallet, Carton Flow, and Pallet Flow, amongst others.

Industrial racking system can have different end-uses like automotive, food and beverage, retail, packaging, pharmaceuticals, and warehouse and logistics, amongst others.

The leading players in this market are Nedcon B.V., Jungheinrich AG, Daifuku Co., Ltd., Gonvarri Material Handling AS, BEUMER Group GmbH & Co. KG, and Cornix Group, amongst others.

Analyst Review

The global industrial racking system market is driven by the growing demand of warehouses in many sectors, such as food and beverage, construction, agricultural, semiconductor, automobile, and others. Aided by the diversification of logistics practices, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.5%. The market is projected to reach USD 18 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the industrial racking system market can be segmented into selective, cantilever, push-back pallet, carton flow, and pallet flow, amongst others. Industrial racking system can have different end-uses like automotive, food and beverage, retail, packaging, pharmaceuticals, and warehouse and logistics, amongst others. The key players in the above industry include Nedcon B.V., Jungheinrich AG, Daifuku Co., Ltd., Gonvarri Material Handling AS, BEUMER Group GmbH & Co. KG, and Cornix Group, amongst others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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