Pallet Racking System Market: Global Research, Taxonomy, Outlook, Trends and Forecast by 2025
Market Overview
The Global Pallet Racking System market was valued at $8.01 billion by 2026,
with a projected CAGR of 7.8% during the forecast period. Pallet rack is a
material handling storage aid system aimed to store materials on pallets. The
increased demand for end-to-end services driven by established end-users
creates new storage, warehouse space requirements.
Market Dynamics
Increasing imports & exports between various economic belts, increasing
labor cost, are the major factors driving the growth of the global pallet
racking system market. Moreover, robust growth in automation in warehouse
space, coupled with rise in e-Commerce growth is likely to gain significant
impetus for the pallet racking system market share in the coming years.
Market Segmentation
The global pallet racking system market is segmented based on the system,
racking system, frame load capacity, application, end-user industry, and
geography. The system segment includes mobile racking, shuttle racking, and
hybrid and customized. By racking system segment, the categorization is given
as selective pallet rack, narrow aisle rack, drive-in rack, push-back rack,
gravity flow rack, mezzanine, and others. by frame load capacity segment, the
segmentation comprises of Up to 5 ton , 5 to 10 ton, 10 to 15 ton, and Above 15
ton. The application segment is divided into the cases & boxes, pipes &
panels, tires, drums & pails, rigid sheets, timber & rolls, trays &
crates, and others. On the basis of the end-user industry segment, the
bifurcation is given as packaging, food & beverages, electrical &
electronics, healthcare, metal processing & manufacturing, building &
construction, chemicals, logistics & warehousing, mining, and others.
By System
Mobile Racking
Horizontally Rotating
Vertically Rotating
Shuttle Racking
Hybrid and Customized
By Racking System
Selective Pallet Rack
Narrow Aisle Rack
Drive-In Rack
Push-Back Rack
Gravity Flow Rack
Mezzanine
Others
By Frame Load Capacity
Up to 5 Ton
5 to 10 Ton
10 to 15 Ton
Above 15 Ton
By Application
Cases & Boxes
Pipes & Panels
Tires
Drums & Pails
Rigid Sheets
Timber & Rolls
Trays & Crates
Other Applications
Asia Pacific is projected to enjoy
lucrative growth opportunities for pallet racking systems during the forecast
period. Asia Pacific accounts for the highest market share, and is expected to
witness significant growth over the forecast period, at a CAGR of 9.4% by
value. The growing need for organized logistics to improve time, cost, and
quality efficiencies in regions such as China, Southeast Asia (SEAP), and India
is propelling opportunities for the growth of the pallet racking systems
market.Furthermore, geographical coverage has been offered for each of the
major regions including North America, Asia-Pacific, Europe, Row, and South
America.
The companies profiled in the pallet
racking systems report include Daifuku Co., Ltd., KARDEX AG, Interroll Dyanmic
Storage., Jungheinrich AG., SSI Schaefer, AVERYS Group, Mecalux SA., NEDCON
B.V., Estral Innovation and Applied Logistics, Dexion Gmbh., Montel Inc.,
Hannibal Industries, Inc., Elite Storage Solutions Inc., Ridg-U-Rak Inc., Atox
Sistemas De Almacenaje, S.A., Vertice Diseño S.A., Poveda & CIA., Frazier
Industrial Company, DR Storage Systems, Storage Equipment Systems, Inc.,
Gonvarri Material Handling, Stöcklin Logistics de México, AR Racking, Proman
S.R.O., and AK Material Handling Systems.