PUBLISHER: The Business Research Company | PRODUCT CODE: 1653195
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653195
Pallet Racking Global Market Report 2025
Pallet racking refers to a storage system, either single or multi-level, designed for the high stacking of single items or palletized cargo. It consists of vertical upright frames and horizontal load beams, specifically configured for the storage of the loads being handled. Pallet racking is commonly used for the bulk storage of items in distribution facilities.
The main types of systems in the pallet racking market include conventional racking, mobile racking, shuttle racking, and hybrid/customized racking. A mobile racking system involves racks built on a mobile base, guided by rails on the floor. Frame load capacities can vary, including categories such as up to 5 tons, 5 to 10 tons, and above 15 tons. Various types of racking systems exist, such as cantilever racking, selective racking, push-back racking, drive-in racking, pallet flow racking, and carton flow racking. Pallet racking finds applications in diverse industries, including healthcare, food and beverage, electronics, packaging, building and construction, chemicals, and other end-user sectors.
The pallet racking market research report is one of a series of new reports from The Business Research Company that provides pallet racking market statistics, including global pallet racking industry size, regional shares, competitors with a pallet racking market share, detailed pallet racking market segments, market trends and opportunities, and any further data you may need to thrive in the pallet racking industry. This pallet racking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The pallet racking market size has grown strongly in recent years. It will grow from $12.18 billion in 2024 to $13.18 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to expansion of The global supply chain and logistics industry, growing demand for efficient warehouse storage solutions, adoption of pallet racking systems in manufacturing and distribution centers, increase in e-commerce activities, advances in material handling and storage technology.
The pallet racking market size is expected to see rapid growth in the next few years. It will grow to $20.18 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to surge in demand for automated and robotic pallet racking systems, growth in the food and beverage industry, adoption of sustainable and eco-friendly racking materials and designs, expansion of the retail sector with a focus on efficient inventory management, increasing globalization of supply chains. Major trends in the forecast period include integration of IoT technologies for real-time monitoring and inventory management, development of flexible and modular pallet racking systems for easy customization, use of artificial intelligence for predictive maintenance and optimization, integration of vertical farming and urban agriculture, collaboration between pallet racking manufacturers and logistics providers for innovative solutions.
The anticipated surge in demand for warehouse space is poised to drive the growth of the pallet racking market. Industrial racking systems, designed to support goods in warehouses, have become essential with the increasing prevalence of online shopping, necessitating a vast global logistics and distribution network. According to CBRE, a US-based real estate firm, e-commerce is expected to constitute a quarter of all retail sales by 2025, leading to the need for an additional 330 million square feet of warehouse space to accommodate the growing volume of goods. Consequently, the increased demand for warehouse space is a key driver propelling the growth of the pallet racking market.
The growing demand within the food and beverage industry is set to be a significant factor fueling the expansion of the pallet racking market. The food and beverage sector, encompassing the production, processing, distribution, and sale of food and beverages, has witnessed a surge in demand for warehousing space. This upswing is attributed to factors such as the rise of e-commerce and the globalization of supply chains. As indicated by ROI Revolution Inc., a US-based company providing services to direct-to-consumer (DTC) e-commerce businesses, food delivery apps are projected to generate $30 billion in revenue in 2022, up from $28 billion in 2021. Hence, the escalating demand in the food and beverage industry is expected to drive the growth of the pallet racking market.
Key players in the pallet racking market are concentrating on innovative products to secure a competitive edge. For example, in July 2022, Global Industrial Company, a US-based distributor of industrial products, introduced the Global Industrial Bolted Teardrop Pallet Rack. This rack is designed to support a high weight capacity, featuring 13-gauge steel uprights rated for 33,000 lbs and 15 and 16-gauge steel shelf beams that can hold up to 7,160 lbs per pair. Its patent-pending knock-down design reduces shipping costs and on-site storage requirements while facilitating quick assembly. The customizable system offers a range of starter and add-on kits to accommodate specific racking needs. Furthermore, any damaged components can be easily replaced without the need for welding, and the product includes a top-tier 2-year warranty.
Innovation is a key focus for major companies in the pallet racking market, with the introduction of products such as automated guided vehicles (AGVs) to enhance competitiveness. Mitsubishi Logisnext Americas Group, a US-based machinery manufacturing company, launched the Jungheinrich EKX 516ka and 516a Automated High-Rack Stacker in March 2023, targeting the North American market. These fully automated systems enable efficient and productive storage and retrieval of full pallets.
In April 2022, Nucor Corporation, a US-based steel production company, acquired Elite Storage Solutions for an undisclosed sum. This acquisition is a key component of Nucor's strategy to enhance its presence in the material handling and warehouse storage market. Elite Storage Solutions is a US-based manufacturer of pallet racks.
Major companies operating in the pallet racking market include Mecalux SA, Estral Innovation and Applied Logistics, Jungheinrich AG, Montel Inc., Hannibal Industries Inc., Elite Storage Solutions Inc., SSI Schaefer, Interroll Holding Limited, ATOX Sistemas de Almacenaje SA, Stora Enso Oyj, Speedrack Products Group Ltd., Steel Storage Europe, Technical Supplies & Services Co. LLC, RackingDIRECT Limited, Shelf Space Limited, Stow International NV, AK Material Handling Systems, Advance Storage Products, Spacerack, Ohio Rack Inc., FEMCO Steel Technology, Engineered Products, Meyer Material Handling Products Inc., Steel King Industries Inc., Nucor Warehouse Solutions, Vistamation Inc., Quality Material Handling Inc.
Asia-Pacific was the largest region in the pallet racking market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the pallet racking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pallet racking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The pallet racking market includes revenues earned by entities by supporting high stacking of single items or palletized loads. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
1. Executive Summary
2. Pallet Racking Market Characteristics
3. Pallet Racking Market Trends And Strategies
4. Pallet Racking Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Pallet Racking Growth Analysis And Strategic Analysis Framework
- 5.1. Global Pallet Racking PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Pallet Racking Market Growth Rate Analysis
- 5.4. Global Pallet Racking Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Pallet Racking Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Pallet Racking Total Addressable Market (TAM)
6. Pallet Racking Market Segmentation
7. Pallet Racking Market Regional And Country Analysis
8. Asia-Pacific Pallet Racking Market
9. China Pallet Racking Market
10. India Pallet Racking Market
11. Japan Pallet Racking Market
12. Australia Pallet Racking Market
13. Indonesia Pallet Racking Market
14. South Korea Pallet Racking Market
15. Western Europe Pallet Racking Market
16. UK Pallet Racking Market
17. Germany Pallet Racking Market
18. France Pallet Racking Market
19. Italy Pallet Racking Market
20. Spain Pallet Racking Market
21. Eastern Europe Pallet Racking Market
22. Russia Pallet Racking Market
23. North America Pallet Racking Market
24. USA Pallet Racking Market
25. Canada Pallet Racking Market
26. South America Pallet Racking Market
27. Brazil Pallet Racking Market
28. Middle East Pallet Racking Market
29. Africa Pallet Racking Market
30. Pallet Racking Market Competitive Landscape And Company Profiles
31. Pallet Racking Market Other Major And Innovative Companies
32. Global Pallet Racking Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Pallet Racking Market
34. Recent Developments In The Pallet Racking Market
35. Pallet Racking Market High Potential Countries, Segments and Strategies
36. Appendix
