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PALLET RACKING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Pallet Racking Market, By System (Mobile Racking, Conventional, and Shuttle Racking and Hybrid/Customized Racking), By System Racking Type (Cantilever Racking, Selective Racking, Push Back Racking, Drive-In Racking, Pallet Flow Racking, and Others), By Load Capacity (Up to 5 Ton, 5 - 15 Ton, and Above 15 Ton), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jul 2024
  • Code : CMI7181
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Packaging
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The pallet racking market is estimated to be valued at USD 10.73 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031. Pallet racking refers to the storage systems consisting of upright frames, beams, and pallets used for storing, transporting, and protecting various products and materials in a warehouse or distribution center. They are one of the most common material handling systems utilized globally to maximize the storage space. Pallet racking allows for the high density storage of pallets and easy access to loads through the use of selective racking which improves productivity and efficiency. The growing e-commerce sector coupled with the outsourcing of manufacturing has increased the demand for warehouse spaces and automated storage solutions over the past few years.

Market Dynamics:

The global pallet racking market is driven by factors such as rapid growth of the e-commerce and third-party logistics industries. Rise in the demand for inventory management and automation solutions that optimize storage capacity are expected to further propel the market growth during the forecast period. However, high installation and maintenance costs associated with advanced pallet racking systems are expected to restrain the market growth. Growing popularity of automated guided vehicles and robotic solutions integrated with racking systems presents lucrative opportunities for manufacturers to develop innovative products. Moreover, shift towards industrial automation and industrial internet of things is expected to positively impact the demand.

Key Features of the Study:

  • This report provides in-depth analysis of the global pallet racking market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global pallet racking market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Averys, AR Racking, SSI SCHAEFER, KION Group, Steel King, Advance Storage Products, Unarco Material Handling, Daifuku Co., Ltd., Mecalux S.A., Kardex Group, Hannibal Industries, Inc., Emrack International, Jungheinrich AG, AK Material Handling Systems, SSI Schaefer Group, Dematic, and Toyota Industries Corp.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global pallet racking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pallet racking market.

Detailed Segmentation-

  • By System:
    • Mobile Racking
    • Conventional
    • Shuttle Racking and Hybrid/Customized Racking
  • By System Racking Type:
    • Cantilever Racking
    • Selective Racking
    • Push Back Racking
    • Drive-In Racking
    • Pallet Flow Racking
    • Others
  • By Load Capacity:
    • Up to 5 Ton
    • 5 - 15 Ton
    • Above 15 Ton
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • Averys
    • AR Racking
    • SSI SCHAEFER
    • KION Group
    • Steel King
    • Advance Storage Products
    • Unarco Material Handling
    • Daifuku Co., Ltd.
    • Mecalux S.A.
    • Kardex Group
    • Hannibal Industries, Inc.
    • Emrack International
    • Jungheinrich AG
    • AK Material Handling Systems
    • SSI Schaefer Group
    • Dematic
    • Toyota Industries Corp.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By System
      • Market Snippet, By System Racking Type
      • Market Snippet, By Load Capacity
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
    • PEST Analysis
    • PORTER’s Five Forces Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Mergers and Acquisitions
  4.   Global Pallet Racking Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting the Global Pallet Racking Market
    • Impact Analysis
  5.   Global Pallet Racking Market, By System, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Mobile Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Conventional
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Shuttle Racking and Hybrid/Customized Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
  6.   Global Pallet Racking Market, By System Racking Type, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Cantilever Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Selective Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Push Back Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Drive-In Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Pallet Flow Racking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
  7. Global Pallet Racking Market, By Load Capacity, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Up to 5 Ton
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • 5 - 15 Ton
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
    • Above 15 Ton
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
      • Segment Trends
  8. Global Pallet Racking Market, By Region, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019-2031
    • North America
      • Introduction
      • Market Size and Forecast, By System, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By System Racking Type, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Load Capacity, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, By System, 2019 – 2031, (US$ Bn))
      • Market Size and Forecast, By System Racking Type, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Load Capacity, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, By System, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By System Racking Type, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Load Capacity, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, By System, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By System Racking Type, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Load Capacity, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, By System, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By System Racking Type, 2019 - 2031 (US$ Bn)
      • Market Size and Forecast, By Load Capacity, 2019 – 2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
        • GCC Countries
        • Israel
        • Rest of Middle East & Africa
  9. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Averys
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • AR Racking
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • SSI SCHAEFER
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • KION Group
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Steel King
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Advance Storage Products
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Unarco Material Handling
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Daifuku Co., Ltd.
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Mecalux S.A.
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Kardex Group
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Hannibal Industries, Inc.
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Emrack International
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Jungheinrich AG
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • AK Material Handling Systems
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • SSI Schaefer Group
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Dematic
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
      • Toyota Industries Corp.
        • Company Overview
        • System Portfolio
        • Recent Developments/Updates
  10. Analyst Recommendations
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  11. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

* Browse 25 market data tables* and 20 figures* on “Global Pallet Racking Market” - Global forecast to 2031.

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