Global Pallet Rack Market Growth 2023-2029

Global Pallet Rack Market Growth 2023-2029

Product Code:454880

Published Date: Feb 08,2023

Pages: 123

Region: Global

Category: Machinery & Equipment

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Pallet rack is a material handling storage aid system designed to store materials on pallets (or “skids”). Although there are many varieties of pallet racking, all types allow for the storage of palletized materials in horizontal rows with multiple levels. Since the Second World War, pallet racks have become an essential and ubiquitous element of most modern warehouses, manufacturing facilities, retail centers, and other storage and distribution facilities.

All types of pallet racking increase storage density of the stored goods. Costs associated with the racking increases with increasing storage density.

LPI (LP Information)' newest research report, the “Pallet Rack Industry Forecast” looks at past sales and reviews total world Pallet Rack sales in 2022, providing a comprehensive analysis by region and market sector of projected Pallet Rack sales for 2023 through 2029. With Pallet Rack sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pallet Rack industry.

This Insight Report provides a comprehensive analysis of the global Pallet Rack landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pallet Rack portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Pallet Rack market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pallet Rack and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pallet Rack.

The global Pallet Rack market size is projected to grow from US$ 2686.5 million in 2022 to US$ 3774.9 million in 2029; it is expected to grow at a CAGR of 3774.9 from 2023 to 2029.

The major types of Pallet Rack are Selective pallet rack, Drive-in and drive-through pallet rack, Push-back pallet rack, Pallet flow rack, etc. Selective pallet rack is the dominated type, which accounting for above 40% sales share in terms of volume.

Averys, SSI SCHAEFER, Unarco Material Handling, Ridg-U-Rak, KION Group, Steel King, Mecalux and Elite Storage Solutions are the top 8 players of Pallet Rack, with about 20% market shares. In 2018, North America accounted for 27% of the primary sales market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Pallet Rack market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Selective Pallet Rack
    Drive-In and Drive-Through Pallet Rack
    Push-Back Pallet Rack
    Pallet Flow Rack
    Others

Segmentation by application
    Distribution Centers
    Manufacturing Facilities
    Large-Scale Retail
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Averys
    SSI SCHAEFER
    Unarco Material Handling
    Ridg-U-Rak
    KION Group
    Steel King
    Mecalux
    Elite Storage Solutions
    Daifuku
    Advance Storage Products
    AR Racking
    Inform
    Hannibal Industries
    Nedcon
    JINGXING
    TKSL
    Frazier Industrial
    Top-tiger
    Murata Machinery
    Rack Builders
    North American Steel
    Speedrack Products
    Constructor Group
    Ouyade
    Sanshin Metal Working
    Nanjing Kingmore
    Tianjin Master Logistics
    Jiangsu NOVA

Key Questions Addressed in this Report
What is the 10-year outlook for the global Pallet Rack market?
What factors are driving Pallet Rack market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pallet Rack market opportunities vary by end market size?
How does Pallet Rack break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?