Abstract
Summary
Pallet Racking Market Research Report—Forecast Till 2027
Market Overview
The worldwide pallet racking market is supposed to outperform USD 17,449.1 million by 2027 with a huge CAGR pace of 4.78% during 2021-2027. Pallet racking material permits organizations to pack things in mass to adequately appropriate in the market. Enough items dispatched to the market are sold per request. The Pallet Racking market helps ventures and processing plants to distribute or make items in mass which assists set aside with timing and cash when produced on the double.
The pallet racking market is supposed to observe an expansion in ubiquity since it is effectively available inside the time, pocket-accommodating, and bountiful merchandise and items which can be effortlessly tracked down in the market. The developing enterprises and popularity in the market have expanded after some time due to these main considerations, i.e., lower cost, monetary worth, common sense, and handiness. A fast expansion in pallet racking distribution centers and offices has arisen in any locale. Serious innovative work and new advances in pallet racking businesses have led to the market's fame across the globe. The market for its notoriety has arisen as a fruitful result of the pallet Racking market.
The worldwide pallet racking market is multiplying at a fast speed. The worldwide Pallet Racking market development is driven by variables like the flood in homegrown and global exchange volume and the development of the operations and web-based business industry. In any case, the accessibility of choices and changes in the cost of unrefined components are supposed to limit worldwide market development. In any case, the development possibilities in arising economies and speculation open doors in the virus bind industry are supposed to set out development freedom for the market players.
Market Segmentation
The global pallet racking market is broadly categorized into system type, racking type, and end user.
The racking type segment is made up of cantilever racking, selective racking, push-back racking, drive-in racking, carton flow racking, pallet flow racking, and others. The end-user segments of the global pallet racking market are automotive, food & beverage, retail, manufacturing, warehouse & logistics, and others. The system type includes conventional, mobile, shuttle, and hybrid/customized racking.
Regional Analysis
Geographically, the pallet racking market is studied across North America, South America, Europe, the Middle East & Africa, Asia-Pacific.
Asia-Pacific represented the biggest market portion of 38.85% and is projected to enroll a 6.31% CAGR over the projected period, trailed by the North American market in 2020. Besides, fast industrialization in the area because of the minimal expense of assembling is supposed to help the market development. Other key factors, for example, the rising per capita extra cash of the working-class populace and expanding buyer center around lessening bundling waste are expected to help the interest in pallet racking items in Asia-Pacific during the conjecture time frame.
Major Players
The major players of the global pallet racking market are Gonvarri Material Handling (Norway), Hannibal Industries (US), Mecalux (Spain), Daifuku Co. Ltd. (Japan), Unarco Material Handling (US), and Schaefer Systems International (Germany).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL PALLET RACKING MARKET, BY SYSTEM TYPE
1.1.2 GLOBAL PALLET RACKING MARKET, BY RACKING TYPE
1.1.3 GLOBAL PALLET RACKING MARKET, BY END USER
1.1.4 GLOBAL PALLET RACKING MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 SURGE IN DOMESTIC & INTERNATIONAL TRADE VOLUME
4.2.2 GROWTH OF THE LOGISTICS & E-COMMERCE INDUSTRY
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 AVAILABILITY OF ALTERNATIVES AND FLUCTUATIONS IN THE PRICE OF RAW MATERIALS
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 GROWTH PROSPECTS IN EMERGING ECONOMIES
4.4.2 OPPORTUNITIES IN COLD CHAIN
4.5 COVID-19 IMPACT ANALYSIS
4.5.1 ECONOMIC IMPACT
- 4.5.1.1 IMPACT ON THE OVERALL LOGISTICS INDUSTRY
4.5.2 IMPACT ON PRODUCTION
4.5.3 IMPACT ON PALLET RACKING MARKET
- 4.5.3.1 IMPACT ON SUPPLY CHAIN
- 4.5.3.2 IMPACT ON RAW MATERIAL
- 4.5.3.3 CASH FLOW CONSTRAINTS
4.5.4 IMPACT ON WORLD TRADE
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL
5.1.1 THREAT OF NEW ENTRANTS
5.1.2 BARGAINING POWER OF SUPPLIERS
5.1.3 THREAT OF SUBSTITUTES
5.1.4 BARGAINING POWER OF BUYERS
5.1.5 INTENSITY OF RIVALRY
5.2 SUPPLY CHAIN ANALYSIS
5.2.1 RAW MATERIAL SUPPLY
5.2.2 MANUFACTURE
5.2.3 DISTRIBUTION
5.2.4 END USERS
6 GLOBAL PALLET RACKING MARKET, BY SYSTEM TYPE
6.1 OVERVIEW
6.2 CONVENTIONAL
6.3 MOBILE RACKING
6.4 SHUTTLE RACKING
6.5 HYBRID/CUSTOMIZED
7 GLOBAL PALLET RACKING MARKET, BY RACKING TYPE
7.1 OVERVIEW
7.2 CANTILEVER RACKING
7.3 SELECTIVE RACKING
7.4 PUSH BACK RACKING
7.5 DRIVE-IN RACKING
7.6 PALLET FLOW RACKING
7.7 CARTON FLOW RACKING
7.8 OTHERS
8 GLOBAL PALLET RACKING MARKET, BY END USER
8.1 OVERVIEW
8.2 FOOD & BEVERAGE
8.3 AUTOMOTIVE
8.4 WAREHOUSE & LOGISTICS
8.5 MANUFACTURING
8.6 RETAIL
8.7 OTHERS
9 GLOBAL PALLET RACKING MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 ITALY
9.3.5 RUSSIA
9.3.6 SPAIN
9.3.7 NETHERLANDS
9.3.8 POLAND
9.3.9 SWEDEN
9.3.10 BELGIUM
9.3.11 AUSTRIA
9.3.12 NORWAY
9.3.13 DENMARK
9.3.14 FINLAND
9.3.15 CZECH REPUBLIC
9.3.16 ROMANIA
9.3.17 HUNGARY
9.3.18 REST OF EUROPE
9.4 ASIA-PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 REST OF ASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 SAUDI ARABIA
9.5.2 UAE
9.5.3 SOUTH AFRICA
9.5.4 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 BRAZIL
9.6.2 ARGENTINA
9.6.3 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW
10.2 MAJOR GROWTH STRATEGY IN THE GLOBAL PALLET RACKING MARKET
10.3 COMPETITIVE BENCHMARKING
10.4 MARKET SHARE ANALYSIS
10.5 KEY DEVELOPMENTS IN THE GLOBAL PALLET RACKING MARKET
10.5.1 PARTNERSHIPS & COLLABORATIONS
10.5.2 MERGERS & ACQUISITIONS
11 COMPANY PROFILES
11.1 GONVARRI MATERIAL HANDLING
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 HANNIBAL INDUSTRIES
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 MECALUX
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 DAIFUKU CO., LTD
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 UNARCO MATERIAL HANDLING
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 SCHAEFER SYSTEMS INTERNATIONAL
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 KION GROUP
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 RIDG-U-RAK
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.8.4 KEY DEVELOPMENTS
11.9 STEEL KING
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.9.4 KEY DEVELOPMENTS
11.10 ELITE STORAGE SOLUTIONS
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.10.4 KEY DEVELOPMENTS
11.11 AR RACKING
11.11.1 COMPANY OVERVIEW
11.11.2 FINANCIAL OVERVIEW
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.11.4 KEY DEVELOPMENTS
11.12 ADVANCE STORAGE PRODUCTS
11.12.1 COMPANY OVERVIEW
11.12.2 FINANCIAL OVERVIEW
11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.12.4 KEY DEVELOPMENTS
12 APPENDIX
12.1 DATA SOURCES