India Industrial Racking System Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently unveiled a detailed report on the India Industrial Racking Market. This comprehensive study provides an in-depth analysis of vital market dynamics, encompassing drivers, trends, opportunities, and challenges, along with a thorough examination of the market structure.

Key Insights:

India Industrial Racking Market Size (2024E): USD 587.5 Mn
Projected Market Value (2031F): USD 990.4 Mn
Market Growth Rate (CAGR 2024 to 2031): 6.0%

India Industrial Racking Market - Report Scope:

Industrial racking systems are essential for optimizing storage space and improving inventory management in warehouses and distribution centers. These systems are designed to enhance storage efficiency, facilitate easy access to stored goods, and support the growing demand for organized logistics operations. The market includes various types of racking systems, such as pallet racks, cantilever racks, and shelving units, catering to diverse industrial needs. The growth of the market is influenced by the expansion of the e-commerce sector, increasing demand for organized storage solutions, and advancements in racking technologies.

Market Growth Drivers:

The India Industrial Racking Market is driven by several key factors, including the rapid expansion of the retail and e-commerce sectors, which has increased the need for efficient storage solutions. The rise in manufacturing activities and the growing demand for automated and high-density storage systems further propel market growth. Technological advancements in racking systems, such as the integration of automated solutions and advanced materials, contribute to enhanced operational efficiency and safety. Additionally, the focus on optimizing warehouse space and improving inventory management drives the adoption of modern racking systems.

Market Restraints:

Despite its positive outlook, the India Industrial Racking Market faces certain challenges. High initial investment costs and ongoing maintenance requirements can be significant barriers for smaller businesses and startups. The complexity of installing advanced racking systems and the need for periodic updates and servicing can impact the total cost of ownership. Additionally, fluctuations in raw material prices and supply chain disruptions may affect market stability and growth. Regulatory compliance and safety standards also pose challenges for market players, particularly in ensuring that racking systems meet industry regulations.

Market Opportunities:

The India Industrial Racking Market offers considerable growth opportunities driven by technological innovations and expanding industrial activities. The introduction of smart racking systems with integrated sensors and real-time data tracking presents new possibilities for enhancing operational efficiency. The growth of the warehousing and logistics sectors in emerging markets provides a significant opportunity for market expansion. Strategic partnerships with logistics companies, investment in research and development, and the development of cost-effective racking solutions are crucial for capitalizing on these opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the India Industrial Racking Market?
Which types of racking systems are witnessing the highest adoption rates across different industries?
How are technological advancements shaping the competitive landscape of the industrial racking market?
Who are the leading players in the market, and what strategies are they employing to maintain their competitive edge?
What are the emerging trends and future prospects in the India Industrial Racking Market?

Competitive Intelligence and Business Strategy:

Key players in the India Industrial Racking Market, such as SSI Schaefer, Daifuku Co., Ltd., and Mecalux, are focusing on innovation and strategic partnerships to enhance their market presence. These companies are investing in research and development to introduce advanced racking solutions that cater to diverse industrial needs and regulatory standards. Collaborations with logistics providers, manufacturers, and technology suppliers help to expand market reach and promote the adoption of modern racking systems. Emphasis on efficiency, safety, and cost-effectiveness drives market growth and strengthens the position of leading players in the evolving racking industry.

Key Companies Profiled:

Rack & Rollers
Kardex AG
Jungheinrich AG
Daifuku Co. Ltd.
SSI Schaefer
Godrej Group
Nilkamal Storage Systems Pvt. Ltd.
Silver Lining Storage Solutions
Delta Storage System Pvt Ltd
Giraffe Storage Solutions
Kirby Building Systems

India Industrial Racking Market Segmentation

By Carrying Capacity

Light Duty
Medium Duty
Heavy Duty

By End Use

Automotive
Construction
E-Commerce

By Ownership

Direct Ownership
Retail Ownership

By Design

Selective Racking
Drive-in Racking
Cantilever Racking

By Region

North India
South India
East India
West India

Product Code: PMRREP34486

1. Executive Summary

1.1. India Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

5. India Industrial Racking Market Demand Analysis 2019-2023 and Forecast, 2024-2031

5.1. Historical Market Volume Analysis, 2019-2023
5.2. Current and Future Market Volume Projections, 2024-2031

6. India Industrial Racking Market - Pricing Analysis

6.1. Country Level Pricing Analysis By Design
6.2. India Average Pricing Analysis Benchmark

7. India Industrial Racking Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. India Economy Outlook
- 8.1.2. India GDP Growth Outlook
- 8.1.3. India Urbanization Growth Overview
- 8.1.4. India Population Growth Overview
- 8.1.5. India Manufacturing Value Added (% of GDP)
- 8.1.6. India Automotive Industry Growth Outlook
- 8.1.7. Warehouse Demand in India
- 8.1.8. Warehouse Average Rent in Primary Cities of India
- 8.1.9. India E-Commerce Market Overview
- 8.1.10. India Retail Market Overview
- 8.1.11. India Logistic Market Overview
- 8.1.12. India Chemical Industry Overview
- 8.1.13. India Construction Industry Overview
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. Industrialization growth rate
- 8.2.3. Impact of COVID-19
- 8.2.4. Trends in Warehouse & Distribution
- 8.2.5. CAPEX Investment by Stakeholders
- 8.2.6. Intensity of Competition
8.3. Value Chain
- 8.3.1. Value Chain Analysis
- 8.3.2. Distributors List
- 8.3.3. List of Manufacturers
8.4. COVID-19 Crisis - Impact Analysis
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
8.6. India PEST Analysis

9. India Industrial Racking Market Analysis 2019-2023 and Forecast 2024-2031, By Design

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Design, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Design, 2024-2031
- 9.3.1. Selective Racking
- 9.3.2. Cantilever Racking
- 9.3.3. Push Back Racking
- 9.3.4. Narrow & Wide Aisle Racking
- 9.3.5. Drive-In-Racking
- 9.3.6. Pallet Flow Racking
- 9.3.7. Carton Flow Racking
- 9.3.8. Mobile Racking
- 9.3.9. Pigeon Hole Racking
- 9.3.10. FIFO Racking
9.4. Market Attractiveness Analysis By Design

10. India Industrial Racking Market Analysis 2019-2023 and Forecast 2024-2031, By Carrying Capacity

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Carrying Capacity, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Carrying Capacity, 2024-2031
- 10.3.1. Light duty (40 to 200kg)
- 10.3.2. Medium duty (0.25 to 1 Ton)
- 10.3.3. Heavy duty ( 2 to 4 Ton)
10.4. Market Attractiveness Analysis By Carrying Capacity

11. India Industrial Racking Market Analysis 2019-2023 and Forecast 2024-2031, By Sales

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales, 2024-2031
- 11.3.1. Direct Ownership
- 11.3.2. Rentals
11.4. Market Attractiveness Analysis By Sales

12. India Industrial Racking Market Analysis 2019-2023 and Forecast 2024-2031, By End-Use Industry

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End-Use Industry, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End-Use Industry, 2024-2031
- 12.3.1. Automotive
- 12.3.2. Construction
- 12.3.3. Chemical & Pharmaceutical
- 12.3.4. Food & Beverage
- 12.3.5. E-commerce
- 12.3.6. 3PLs
- 12.3.7. Textile
- 12.3.8. Paper & Print
- 12.3.9. Defence & Railways
- 12.3.10. Cold Storage
- 12.3.11. Other Manufacturing
12.4. Market Attractiveness Analysis By End-Use Industry

13. Market Structure Analysis

13.1. Market Analysis by Tier of Companies (India Industrial Racking System)
13.2. Market Concentration
13.3. Market Share Analysis of Top Players
13.4. Market Presence Analysis
- 13.4.1. By Regional footprint of Players

14. Competition Analysis

14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Competition Deep Dive
- 14.3.1. Kardex
  - 14.3.1.1. Overview
  - 14.3.1.2. Product & Portfolio
  - 14.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.1.4. Sales Footprint
  - 14.3.1.5. Strategy Overview
- 14.3.2. Jungheinrich AG
  - 14.3.2.1. Overview
  - 14.3.2.2. Product & Portfolio
  - 14.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.2.4. Sales Footprint
  - 14.3.2.5. Strategy Overview
- 14.3.3. Daifuku Co., Ltd.
  - 14.3.3.1. Overview
  - 14.3.3.2. Product & Portfolio
  - 14.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.3.4. Sales Footprint
  - 14.3.3.5. Strategy Overview
- 14.3.4. SSI Schaefer
  - 14.3.4.1. Overview
  - 14.3.4.2. Product & Portfolio
  - 14.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.4.4. Sales Footprint
  - 14.3.4.5. Strategy Overview
- 14.3.5. Godrej Group
  - 14.3.5.1. Overview
  - 14.3.5.2. Product & Portfolio
  - 14.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.5.4. Sales Footprint
  - 14.3.5.5. Strategy Overview
- 14.3.6. Nilkamal Storage Systems Private Limited
  - 14.3.6.1. Overview
  - 14.3.6.2. Product & Portfolio
  - 14.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.6.4. Sales Footprint
  - 14.3.6.5. Strategy Overview
- 14.3.7. SILVER LINING Storage Solutions
  - 14.3.7.1. Overview
  - 14.3.7.2. Product & Portfolio
  - 14.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.7.4. Sales Footprint
  - 14.3.7.5. Strategy Overview
- 14.3.8. Delta Storage Systems Pvt. Ltd.
  - 14.3.8.1. Overview
  - 14.3.8.2. Product & Portfolio
  - 14.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.8.4. Sales Footprint
  - 14.3.8.5. Strategy Overview
- 14.3.9. Giraffe Storage Solutions
  - 14.3.9.1. Overview
  - 14.3.9.2. Product & Portfolio
  - 14.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.9.4. Sales Footprint
  - 14.3.9.5. Strategy Overview
- 14.3.10. Racks & Rollers (Storage Technologies & Automation Pvt. Ltd.)
  - 14.3.10.1. Overview
  - 14.3.10.2. Product & Portfolio
  - 14.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.10.4. Sales Footprint
  - 14.3.10.5. Strategy Overview
- 14.3.11. Kirby Building Systems
  - 14.3.11.1. Overview
  - 14.3.11.2. Product & Portfolio
  - 14.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.11.4. Sales Footprint
  - 14.3.11.5. Strategy Overview
- 14.3.12. Craftsman Storage Systems
  - 14.3.12.1. Overview
  - 14.3.12.2. Product & Portfolio
  - 14.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 14.3.12.4. Sales Footprint
  - 14.3.12.5. Strategy Overview