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Industrial Racking System Market

Global Industrial Racking System Market Share, Forecast: By Type: Selective, Cantilever, Push-Back Pallet, Carton Flow, Pallet Flow, Others; By End Use: Automotive, Food and Beverage, Retail, Packaging, Pharmaceuticals, Warehouse and Logistics, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Industrial Racking System Market Outlook

The global industrial racking system market is projected to grow at a CAGR of 6.5% between 2024 and 2032, to achieve USD 26.27 billion by 2032.

 

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: Market 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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Industrial Racking System Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Industrial Racking System Historical Market (2018-2023) 
    8.3    Global Industrial Racking System Market Forecast (2024-2032)
    8.4    Global Industrial Racking System Market by Type
        8.4.1    Selective
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Cantilever
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Push-Back Pallet
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Carton Flow
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Pallet Flow
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Industrial Racking System Market by End Use
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Food and Beverage
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Retail
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Packaging
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Pharmaceuticals 
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Warehouse and Logistics
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global Industrial Racking System Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Industrial Racking System Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Industrial Racking System Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Industrial Racking System Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Industrial Racking System Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Industrial Racking System Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Nedcon B.V.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Jungheinrich AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Daifuku Co., Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Gonvarri Material Handling AS
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    BEUMER Group GmbH & Co. KG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Cornix Group
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Industrial Racking System Market: Key Industry Highlights, 2018 and 2032
2.    Global Industrial Racking System Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Industrial Racking System Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Industrial Racking System Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Industrial Racking System Market Forecast: Breakup by End Use Size (USD Billion), 2024-2032
6.    Global Industrial Racking System Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Industrial Racking System Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Industrial Racking System Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Industrial Racking System Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Industrial Racking System Market Structure

Key Questions Answered in the Report

What is the growth rate of the industrial racking system market?

The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 26.27 billion by 2032.

What are the major market drivers?

The major drivers of the market include the growing demand of warehouses in various industries, and the large volume of trade activities.

What are the key trends of the market?

The diversification of logistic practices and adoption of selected ranking systems like the FIFO method are the key trends guiding the growth of the market.

What are the major regional markets of industrial racking system, according to the EMR report?

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

What are the different types of industrial racking systems?

The different types of industrial racking systems available are selective, cantilever, push-back pallet, carton flow, and pallet flow, among others.

What are the various end uses of industrial racking systems?

Industrial racking systems have various end uses like automotive, food and beverage, retail, packaging, pharmaceuticals, and warehouse and logistics, among others.

Who are the key players in this market, according to the report?

The key players in the global industrial racking system market are Nedcon B.V., Jungheinrich AG, Daifuku Co., Ltd., Gonvarri Material Handling AS, BEUMER Group GmbH & Co. KG, and Cornix Group, among 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 2024-2032, growing at a CAGR of 6.5%. The market is projected to reach USD 26.27 billion by 2032.

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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