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Warehouse Racking Market Size, Share & Trends Growth [2031]
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Warehouse Racking Market Size, Share & Trends Growth [2031]

Segments - Warehouse Racking Market by Application (Food & Beverage, Automotive, Retail, Packaging, Manufacturing, and Others), Product (Pallet Flow, Selective Pallets, Drive-in, Pushback, Cantilever, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Rucha Phatak

Upcoming | Report ID :CM-5139 | 4.2 Rating | 64 Reviews | 176 Pages | Format : PDF Excel PPT

Report Description


The global warehouse racking market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX % during 2023–2031. The market growth is attributed to the ­­rising e-commerce trade and consumer expectations.

The retail landscape is changing. Fueled by rising consumer preference for e-commerce trade for availing convenience and cost-efficiency. The convenience of ordering daily conveniences at the fingertips has wooed everyone. The volume of the products and services sold in the digital marketplace has surged significantly.

Global Warehouse Racking Market Outlook

Product and service distribution networks have evolved to speed up warehouse operations by leveraging adaptable and automated systems such as warehouse racking in the distribution value chain. Industries and e-commerce companies are under immense pressure to provide fast, differentiated, and best-in-class services to consumers to gain a competitive advantage in the market.

The warehouse industry has been struggling with issues such as rising real-estate prices, labor costs, and space constraints. The arrangement of storing the products in an organized manner to reduce the stacking and retrieval time inside the warehouse is termed warehouse racking.

Warehouse racking helps warehouse operators to store and retrieve goods and products of different sizes and weights efficiently inside a warehouse to optimize space and cost. Warehouse racking enhances operational efficiency with the help of shorter lead times, reduced labor costs, and enhanced outcomes by increasing material-handling capacity. Automation of warehouse operations helps in automated palletization and depalletization processes by reducing the cost for high-volume and standardized products.

Warehouse Racking Market Dynamics

Drivers

Rising industrialization due to the liberalization of economies and real estate prices is anticipated to drive the market. In the current retail landscape, consumer expectations are rising that demand high operational efficiency and short lead times. Warehouse racking systems help warehouse managers save space and increase operational efficiency to ensure economic viability.

Restraints

Improper material handling practices that lead to accidents and rack damage in the warehouses are likely to hinder the market. The inadequate training and unskilled workers working inside the warehouses overload racks beyond weight capacity. Such material handling practices damage the racks.

Opportunities

Rising consumer preference for e-commerce and integration of digital technologies in warehouse processes and functions are expected to create multiple opportunities in the market. The e-commerce sector is growing significantly. Warehouse managers adopt innovative distribution models by improving key performance metrics such as speed of order processing, accuracy, and quality of warehouse operations to fulfil customer expectations. Technological advancements in smart warehousing and warehouse robotics play a major role in warehouse transformations.

Global Warehouse Racking Market Outlook

Scope of the Warehouse Racking Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Warehouse Racking Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Application (Food & Beverage, Automotive, Retail, Packaging, Manufacturing, and Others), and Product (Pallet Flow, Selective Pallets, Drive-in, Pushback, Cantilever, and Others),

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

TOYOTA INDUSTRIES CORPORATION; Fritz SCHÄFER GmbH & Co KG; Daifuku Co., Ltd.; Nucor Warehouse Systems; Mecalux S.A.; Kardex; EMTRACK INTERNATIONAL; Jungheinrich AG and AK Material Handling Systems

Market Segment Insights

Based on application, the warehouse racking market is divided into food & beverage, automotive, retail, packaging, manufacturing, and others. The retail segment is expected to expand at a significant growth rate during the projection period owing to the rising popularity of e-commerce platforms. Consumers prefer e-commerce platforms for availing convenience and cost-efficiency. Rise in trade activities due to e-commerce has strained warehouse activities thereby fueling the demand for smart warehousing systems.

Global Warehouse Racking Market Application

On the basis of product, the market is segregated into pallet flow, selective pallets, drive-in, pushback, cantilever, and others. The selective pallets segment is projected to register a considerable CAGR during the forecast period due to the variety of sizes and weight-bearing capacities offered by selective pallets. Selective pallets offer enhanced storage capacity by helping warehouse operators directly access the pallets in the racks.

In terms of region, the global warehouse racking market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to the rising popularity of e-commerce applications and subsequent demand for smart warehousing technologies. Strategically located major e-commerce companies in the region and rising dependence on e-commerce applications for availing daily conveniences are expected to drive the market.

Global Warehouse Racking Market Regions

Segments

The warehouse racking market has been segmented on the basis of

Application

  • Food & Beverage
  • Automotive
  • Retail
  • Packaging
  • Manufacturing
  • Others

Product

  • Pallet Flow
  • Selective Pallets
  • Drive-in
  • Pushback
  • Cantilever
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • TOYOTA INDUSTRIES CORPORATION
  • Fritz SCHÄFER GmbH & Co KG
  • Daifuku Co., Ltd.
  • Nucor Warehouse Systems
  • Mecalux S.A.
  • EMTRACK INTERNATIONAL
  • Kardex
  • Jungheinrich AG
  • AK Material Handling Systems

Competitive Landscape

Key players competing in the global warehouse racking market are TOYOTA INDUSTRIES CORPORATION; Fritz SCHÄFER GmbH & Co KG; Daifuku Co., Ltd.; Nucor Warehouse Systems; Mecalux S.A.; Kardex; EMTRACK INTERNATIONAL; Jungheinrich AG and AK Material Handling Systems. These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to increase their consumer base. For instance,

  • In January 2023, Jungheinrich AG acquired Storage Solutions Group to offer an enhanced product portfolio and services to consumers. The acquisition is likely to help Jungheinrich’s intralogistics business to expand its business portfolio.

    Global Warehouse Racking Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Warehouse Racking Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Warehouse Racking Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Warehouse Racking Market - Supply Chain
  4.5. Global Warehouse Racking Market Forecast
     4.5.1. Warehouse Racking Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Warehouse Racking Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Warehouse Racking Market Absolute $ Opportunity
5. Global Warehouse Racking Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Warehouse Racking Market Size and Volume Forecast by Applications
     5.3.1. Food & Beverage
     5.3.2. Automotive
     5.3.3. Retail
     5.3.4. Packaging
     5.3.5. Manufacturing
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Warehouse Racking Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Warehouse Racking Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Warehouse Racking Demand Share Forecast, 2019-2026
7. North America Warehouse Racking Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Warehouse Racking Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Warehouse Racking Market Size and Volume Forecast by Applications
     7.4.1. Food & Beverage
     7.4.2. Automotive
     7.4.3. Retail
     7.4.4. Packaging
     7.4.5. Manufacturing
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Warehouse Racking Demand Share Forecast, 2019-2026
8. Latin America Warehouse Racking Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Warehouse Racking Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Warehouse Racking Market Size and Volume Forecast by Applications
     8.4.1. Food & Beverage
     8.4.2. Automotive
     8.4.3. Retail
     8.4.4. Packaging
     8.4.5. Manufacturing
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Warehouse Racking Demand Share Forecast, 2019-2026
9. Europe Warehouse Racking Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Warehouse Racking Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Warehouse Racking Market Size and Volume Forecast by Applications
     9.4.1. Food & Beverage
     9.4.2. Automotive
     9.4.3. Retail
     9.4.4. Packaging
     9.4.5. Manufacturing
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Warehouse Racking Demand Share Forecast, 2019-2026
10. Asia Pacific Warehouse Racking Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Warehouse Racking Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Warehouse Racking Market Size and Volume Forecast by Applications
     10.4.1. Food & Beverage
     10.4.2. Automotive
     10.4.3. Retail
     10.4.4. Packaging
     10.4.5. Manufacturing
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Warehouse Racking Demand Share Forecast, 2019-2026
11. Middle East & Africa Warehouse Racking Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Warehouse Racking Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Warehouse Racking Market Size and Volume Forecast by Applications
     11.4.1. Food & Beverage
     11.4.2. Automotive
     11.4.3. Retail
     11.4.4. Packaging
     11.4.5. Manufacturing
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Warehouse Racking Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Warehouse Racking Market: Market Share Analysis
  12.2. Warehouse Racking Distributors and Customers
  12.3. Warehouse Racking Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. TOYOTA INDUSTRIES CORPORATION
     12.4.2. Fritz SCHÄFER GmbH & Co KG
     12.4.3. Daifuku Co., Ltd.
     12.4.4. Nucor Warehouse Systems
     12.4.5. Mecalux S.A.
     12.4.6. Kardex
     12.4.7. EMTRACK INTERNATIONAL
     12.4.8. Jungheinrich AG
     12.4.9. AK Material Handling Systems

Methodology

Our Clients

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Honda Motor Co. Ltd.
Siemens Healthcare
General Electric
FedEx Logistics
Deloitte
Microsoft
Pfizer