Pallet Racking System Market Size, Share, Report, Analysis, Trends & Forecast to 2026
Jul 10, 2019
According to Stratistics MRC, the Global Pallet Racking System Market is accounted for $7.26 billion in 2017 and is expected to reach $15.84 billion by 2026 growing at a CAGR of 9.1%.
Gaithersburg, Maryland, United States - July 9, 2019 /MarketersMedia/ —
Factors such as increase demand in e commerce, rise in the demand of the stand alone sub systems are fueling the market growth. However, huge investment for smaller firms acts as hindrance for the growth of the market.
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Pallet rack is a material handling storage aid system designed to store materials on pallets. Although there are many varieties of pallet racking, all types allow for the storage of palletized materials in horizontal rows with multiple levels.
Amongst end user, Logistics & Warehousing segment has significant market share during the forecast period. Due to growth in the retail, e-commerce and production industries. The transport of goods throughout the world requires logistics and warehousing. By geography, Asia Pacific region has emerged as the propelling market share because Government of India has taken a lot of initiatives in the infrastructure department, which include improving the connectivity between prominent metro cities, as well as ports.
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Some of the key players in Pallet Racking System market include AK Material Handling Systems, Dexion Gmbh, Elite Storage Solutions Inc., Elite Storage Solutions Inc., Estral Innovation and Applied Logistics, Frazier Industrial Company, Hannibal Industries, Inc., Interroll Dyanmic Storage, NEDCON B.V., PROMAN s.r.o., Ridg-U-Rak Inc., SSI Schaefer, Stöcklin Logistics de México, Storage Equipment Systems, Inc., and Vertice Diseño S.A.
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Racking Systems Covered:
• Selective Pallet Rack
• Push-back Rack
• Narrow Aisle Rack
• Mezzanine
• Gravity Flow Rack
• Drive-in Rack
• Other Racking Systems
Frame Load Capacities Covered:
• Up to 5 Ton
• 10 to 15 Ton
• 5 to 10 Ton
• Above 15 Ton
Systems Covered:
• Shuttle Racking
• Mobile Racking
• Hybrid and Customized
• Conventional
Applications Covered:
• Trays & Crates
• Tires
• Timber & Rolls
• Rigid Sheets
• Pipes & Panels
• Drums & Pails
• Cases & Boxes
• Other Applications
End Users Covered:
• Packaging
• Mining
• Metal Processing & Manufacturing
• Logistics & Warehousing
• Healthcare
• Food & Beverages
• Electrical & Electronics
• Chemicals
• Building & Construction
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com
Source: MarketersMedia
Release ID: 88894520
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