Industrial Racking System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The global industrial racking system market is set for significant growth, with an anticipated valuation of approximately US$12 billion by 2031, up from US$8.2 billion in 2024. This growth, projected at a 5.6% CAGR from 2024 to 2031, is driven by increasing demands across sectors like e-commerce, manufacturing, and logistics, which necessitate advanced storage solutions.

Industrial racking systems have become an essential component of modern warehousing. Their ability to maximize storage capacity, ensure efficient inventory management, and reduce costs makes them indispensable in today's competitive landscape. Rising automation and IoT adoption in material handling and warehousing systems are expected to further boost market growth as businesses prioritize technology-enabled infrastructure.

Key Market Drivers

1.IoT Integration and Cost-efficiency: IoT-based devices in industrial racking systems enable efficient monitoring and control, providing an edge in cost management and operational efficiency. These benefits are increasingly valuable for businesses aiming to streamline logistics operations and manage large inventories effectively.

2.Surging E-commerce Demand: The global e-commerce boom is intensifying the need for scalable warehousing solutions. As a result, the demand for high-tech, automated racking systems that can accommodate rapid inventory turnover is at an all-time high.

3.Automated Warehousing and Logistics: Automated racking systems enhance inventory management processes across diverse industries, including automotive, healthcare, aerospace, and retail. These sectors increasingly seek solutions that can support seamless warehousing operations, safe storage, and quick access to goods.

Business Opportunities

With a marked shortage of modern warehousing spaces globally, industrial racking system manufacturers have a substantial opportunity to provide new-age, automated storage solutions. Emerging markets, particularly in regions like Asia Pacific, South America, and the Middle East, are experiencing a rise in e-commerce, driving the need for warehouse expansion and optimized storage systems. This demand is set to offer profitable prospects for racking system providers, especially those with expertise in IoT and automation technologies.

Region-wise Market Analysis

1.North America: Dominating the market with a 28% share in 2024, North America's industrial racking system market benefits from an advanced e-commerce sector and high warehouse construction rates. Key economies, including the United States and Canada, lead in early adoption, further fueling regional demand.

2.Europe: The European market holds the second-largest share, driven by sectors such as automotive, retail, and packaging. Countries like the UK, Germany, and France contribute to Europe's role as a key player in automated warehouse development, reinforcing the region's competitive stance.

3.Asia Pacific: Emerging economies like India, China, and Japan are showing remarkable growth in industrial racking system adoption. Industrialization and increasing warehouse infrastructure investments have positioned Asia Pacific as a rapidly growing market for racking solutions.

4.Middle East & Africa and South America: These regions are also forecasted to witness steady growth due to the expanding e-commerce sector and the need for more advanced logistics solutions.

Growth Challenges

1.Initial Investment Requirements: While industrial racking systems offer long-term cost efficiency, the initial setup can be costly, especially for small-scale industries. This barrier may limit adoption among smaller businesses and slow down market growth.

2.Workforce Skill Gaps: Operating and maintaining automated racking systems require skilled personnel. A lack of trained professionals poses a challenge, as improper use can lead to safety hazards and inefficient inventory management. Additionally, high maintenance costs for automated systems can impact affordability and scalability.

Competitive Analysis and Key Players

The industrial racking system market is highly competitive, with major players focusing on innovation, mergers, acquisitions, and geographical expansion. Key players profiled in this market include:

Kardex AG, Daifuku Co., Ltd.
SSI Schaefer
Foothills Systems
Hannibal Industries
Cornix SA
Gonvarri Material Handling
ARPAC
AK Material Handling Systems
North American Steel Equipment Inc.
EMRACK International,
PROMAN, s.r.o.
Nedcon B.V.
Averys SA
Jungheinrich AG
Mecalux, S.A.
AR Racking,
Ridg-U-Rak Inc., among others.

These companies are enhancing their product offerings and implementing strategic initiatives to strengthen their presence. Moreover, key players are increasingly exploring partnerships to meet the demand for automation and cost-effective warehousing solutions globally.

Industrial Racking System Market Segmentation

1.By Product Type:

Drive-in Pallet Racking System
Push-back Pallet Racking System
Selective Pallet Racking System

2.By Application:

Automotive
Food & Beverages
Retail

3.By Region:

North America
Europe
Asia Pacific
Middle East & Africa
South America

1. Executive Summary

1.1. Global Industrial Racking System Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume and Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. Pestle Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Industrial Racking System Market Production Output, by Region, Value (US$ Bn) and Volume (Million Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product Type/ Material, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Industrial Racking System Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit, 2018 - 2023

5. Global Industrial Racking System Market Outlook, 2019-2031

5.1. Global Industrial Racking System Market Outlook, by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Drive-in Pallet Racking System
  - 5.1.1.2. Push-back Pallet Racking System
  - 5.1.1.3. Selective Pallet Racking System
5.2. Global Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Automotive
  - 5.2.1.2. Food & Beverages
  - 5.2.1.3. Retail
5.3. Global Industrial Racking System Market Outlook, by Region, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Industrial Racking System Market Outlook, 2019-2031

6.1. North America Industrial Racking System Market Outlook, by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Drive-in Pallet Racking System
  - 6.1.1.2. Push-back Pallet Racking System
  - 6.1.1.3. Selective Pallet Racking System
6.2. North America Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Automotive
  - 6.2.1.2. Food & Beverages
  - 6.2.1.3. Retail
6.3. North America Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Personal Care
  - 6.3.1.2. Cosmetics
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. North America Industrial Racking System Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S. Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 6.4.1.2. U.S. Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 6.4.1.3. Canada Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 6.4.1.4. Canada Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 6.4.2. Bps Analysis/Market Attractiveness Analysis

7. Europe Industrial Racking System Market Outlook, 2019-2031

7.1. Europe Industrial Racking System Market Outlook, by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Drive-in Pallet Racking System
  - 7.1.1.2. Push-back Pallet Racking System
  - 7.1.1.3. Selective Pallet Racking System
7.2. Europe Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Automotive
  - 7.2.1.2. Food & Beverages
  - 7.2.1.3. Retail
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Industrial Racking System Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.2. Germany Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.3. U.K. Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.4. U.K. Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.5. France Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.6. France Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.7. Italy Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.8. Italy Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.9. Turkey Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.10. Turkey Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.11. Russia Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.12. Russia Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.13. Rest Of Europe Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 7.3.1.14. Rest Of Europe Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 7.3.2. Bps Analysis/Market Attractiveness Analysis

8. Asia Pacific Industrial Racking System Market Outlook, 2019-2031

8.1. Asia Pacific Industrial Racking System Market Outlook, by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Drive-in Pallet Racking System
  - 8.1.1.2. Push-back Pallet Racking System
  - 8.1.1.3. Selective Pallet Racking System
8.2. Asia Pacific Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Automotive
  - 8.2.1.2. Food & Beverages
  - 8.2.1.3. Retail
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Industrial Racking System Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.2. China Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.3. Japan Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.4. Japan Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.5. South Korea Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.6. South Korea Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.7. India Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.8. India Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.9. Southeast Asia Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.10. Southeast Asia Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.11. Rest Of Asia Pacific Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 8.3.1.12. Rest Of Asia Pacific Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Industrial Racking System Market Outlook, 2019-2031

9.1. Latin America Industrial Racking System Market Outlook, by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Drive-in Pallet Racking System
  - 9.1.1.2. Push-back Pallet Racking System
  - 9.1.1.3. Selective Pallet Racking System
9.2. Latin America Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Automotive
  - 9.2.1.2. Food & Beverages
  - 9.2.1.3. Retail
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Industrial Racking System Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.2. Brazil Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.3. Mexico Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.4. Mexico Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.5. Argentina Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.6. Argentina Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.7. Rest Of Latin America Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 9.3.1.8. Rest Of Latin America Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 9.3.2. Bps Analysis/Market Attractiveness Analysis

10. Middle East & Africa Industrial Racking System Market Outlook, 2019-2031

10.1. Middle East & Africa Industrial Racking System Market Outlook, by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Drive-in Pallet Racking System
  - 10.1.1.2. Push-back Pallet Racking System
  - 10.1.1.3. Selective Pallet Racking System
10.2. Middle East & Africa Industrial Racking System Market Outlook, by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Automotive
  - 10.2.1.2. Food & Beverages
  - 10.2.1.3. Retail
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Industrial Racking System Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.2. GCC Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.3. South Africa Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.4. South Africa Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.5. Egypt Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.6. Egypt Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.7. Nigeria Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.8. Nigeria Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.9. Rest Of Middle East & Africa Industrial Racking System Market by Product Type, Value (US$ Bn) and Volume (Million Units), 2019-2031
  - 10.3.1.10. Rest Of Middle East & Africa Industrial Racking System Market by Application, Value (US$ Bn) and Volume (Million Units), 2019-2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Manufacturer Vs by Application Heatmap
11.2. Company Market Share Analysis, 2022
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Kardex AG, Daifuku Co., Ltd.
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Type Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. SSI Schaefer
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Type Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Foothills Systems
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Type Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Hannibal Industries
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Type Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Cornix SA
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Type Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Gonvarri Material Handling
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Type Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. ARPAC
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Type Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. AK Material Handling Systems
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Type Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. North American Steel Equipment Inc.
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Type Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. EMRACK International
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Type Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development
- 11.4.11. PROMAN, s.r.o.
  - 11.4.11.1. Company Overview
  - 11.4.11.2. Product Type Portfolio
  - 11.4.11.3. Financial Overview
  - 11.4.11.4. Business Strategies and Development
- 11.4.12. Nedcon B.V.
  - 11.4.12.1. Company Overview
  - 11.4.12.2. Product Type Portfolio
  - 11.4.12.3. Financial Overview
  - 11.4.12.4. Business Strategies and Development
- 11.4.13. Averys SA
  - 11.4.13.1. Company Overview
  - 11.4.13.2. Product Type Portfolio
  - 11.4.13.3. Financial Overview
  - 11.4.13.4. Business Strategies and Development
- 11.4.14. Jungheinrich AG
  - 11.4.14.1. Company Overview
  - 11.4.14.2. Product Type Portfolio
  - 11.4.14.3. Financial Overview
  - 11.4.14.4. Business Strategies and Development
- 11.4.15. Mecalux, S.A.
  - 11.4.15.1. Company Overview
  - 11.4.15.2. Product Type Portfolio
  - 11.4.15.3. Financial Overview
  - 11.4.15.4. Business Strategies and Development
- 11.4.16. AR Racking
  - 11.4.16.1. Company Overview
  - 11.4.16.2. Product Type Portfolio
  - 11.4.16.3. Financial Overview
  - 11.4.16.4. Business Strategies and Development
- 11.4.17. Ridg-U-Rak Inc.
  - 11.4.17.1. Company Overview
  - 11.4.17.2. Product Type Portfolio
  - 11.4.17.3. Financial Overview
  - 11.4.17.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms And Abbreviations