Pallet Racking Market, By System, By System Racking Type, By Load Capacity, By Geography

Description

The pallet racking market is estimated to be valued at USD 10.73 Bn in 2024 and is expected to reach USD 20.04 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 10.73 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	9.30%	2031 Value Projection:	US$ 20.04 Bn

Figure. Pallet Racking Market Share (%), By Region 2024

Pallet racking refers to the storage systems consisting of upright frames, beams, and pallets used for storing, transporting, and protecting various products and materials in a warehouse or distribution center. They are one of the most common material handling systems utilized globally to maximize the storage space. Pallet racking allows for the high density storage of pallets and easy access to loads through the use of selective racking which improves productivity and efficiency. The growing e-commerce sector coupled with the outsourcing of manufacturing has increased the demand for warehouse spaces and automated storage solutions over the past few years.

Market Dynamics:

The global pallet racking market is driven by factors such as rapid growth of the e-commerce and third-party logistics industries. Rise in the demand for inventory management and automation solutions that optimize storage capacity are expected to further propel the market growth during the forecast period. However, high installation and maintenance costs associated with advanced pallet racking systems are expected to restrain the market growth. Growing popularity of automated guided vehicles and robotic solutions integrated with racking systems presents lucrative opportunities for manufacturers to develop innovative products. Moreover, shift towards industrial automation and industrial internet of things is expected to positively impact the demand.

Key Features of the Study:

This report provides in-depth analysis of the global pallet racking market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global pallet racking market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Averys, AR Racking, SSI SCHAEFER, KION Group, Steel King, Advance Storage Products, Unarco Material Handling, Daifuku Co., Ltd., Mecalux S.A., Kardex Group, Hannibal Industries, Inc., Emrack International, Jungheinrich AG, AK Material Handling Systems, SSI Schaefer Group, Dematic, and Toyota Industries Corp.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global pallet racking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pallet racking market.

Detailed Segmentation-

By System:
- Mobile Racking
- Conventional
- Shuttle Racking and Hybrid/Customized Racking
By System Racking Type:
- Cantilever Racking
- Selective Racking
- Push Back Racking
- Drive-In Racking
- Pallet Flow Racking
- Others
By Load Capacity:
- Up to 5 Ton
- 5 - 15 Ton
- Above 15 Ton
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Averys
- AR Racking
- SSI SCHAEFER
- KION Group
- Steel King
- Advance Storage Products
- Unarco Material Handling
- Daifuku Co., Ltd.
- Mecalux S.A.
- Kardex Group
- Hannibal Industries, Inc.
- Emrack International
- Jungheinrich AG
- AK Material Handling Systems
- SSI Schaefer Group
- Dematic
- Toyota Industries Corp.

Product Code: CMI7181

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By System
- Market Snippet, By System Racking Type
- Market Snippet, By Load Capacity
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Pallet Racking Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Pallet Racking Market
Impact Analysis

5. Global Pallet Racking Market, By System, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Mobile Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Conventional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Shuttle Racking and Hybrid/Customized Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Pallet Racking Market, By System Racking Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Cantilever Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Selective Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Push Back Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Drive-In Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Pallet Flow Racking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Pallet Racking Market, By Load Capacity, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Up to 5 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
5 - 15 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Above 15 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Pallet Racking Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By System, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By System Racking Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Load Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By System, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By System Racking Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Load Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By System, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By System Racking Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Load Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By System, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By System Racking Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Load Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By System, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By System Racking Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Load Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Averys
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- AR Racking
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- SSI SCHAEFER
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- KION Group
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- Steel King
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- Advance Storage Products
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- Unarco Material Handling
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- Daifuku Co., Ltd.
  - Company Overview
  - System Portfolio
  - Recent Developments/Updates
- Mecalux S.A.
- Kardex Group
- Hannibal Industries, Inc.
- Emrack International
- Jungheinrich AG
- AK Material Handling Systems
- SSI Schaefer Group
- Dematic
- Toyota Industries Corp.

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
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