STORAGE BASKET RACK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Storage Basket Rack Market, By Type (Wall Mounted, Standing, Wire Basket, Plastic Basket, and Metal Basket), By Application (Residential, Commercial, and Industrial), By Distribution Channel (Residential, Commercial, and Industrial), By Material (Metal, Plastic, Wood, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Storage Basket Rack Market- Regional Insights

Asia Pacific is expected to be the largest market for storage basket rack. It accounted for 40% of the market share in 2023. The market growth can be attributed to rapid urbanization, the growth of organized retail, and the expanding e-commerce industry in the region.
North America accounted for 25% of the storage basket rack market share in 2023.
Europe accounted for 18% of the storage basket rack market share in 2023. The market growth in Europe can be attributed to high demand for storage basket from warehouses and logistic companies and the launch of space-efficient rack designs in the region.

Figure 1. Global Storage Basket Rack Market Share (%), by Region, 2023

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East