Market Overview:
The Global Drive in Rack Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for drive in racks from various end-use industries, such as dairy industry, food industry, tobacco industry, cold storage and others. In addition, the growing trend of automated warehouses is also contributing to the growth of this market.
Product Definition:
A drive in rack is a storage device that attaches to a server or networked storage system. It provides additional storage capacity and allows administrators to centrally manage data.
Single Entry Racks:
Single entry racks are used in drive-in rack systems. Drive-in rack systems are used for holding and transporting goods or products from one place to another. These systems include a number of shelves, each shelf is attached to a single support bar, which can hold several units/pieces of weight bearing capacity.
Double Entry Racks:
Double entry racks are used in the drive-in rack market. Drive-in rack is a device that is used to hold meat vertically while it is being cooked in a smoker, on a grill, or under an oven. The term “drive” as used here refers to the mechanism that holds the food and “entry” refers to the method of adding/ removing items from this mechanism.
The main components of double entry racks include upper.
Application Insights:
The dairy industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The drive in system provides a safe and secure storage solution as it has extra wide drawers that can accommodate large volume of milk. Moreover, these systems have vertical space organization that helps maintain cleanliness on a continuous basis.
The food industry segment is also expected to witness significant growth during the same period owing to increasing demand for packaged food products across various regions including Asia Pacific, North America, and Europe. The drive in system with flexible interior modular design allows easy access to stored product by removing constraints associated with traditional open fronted metal racks where cleaning & maintenance are difficult due to dust & dirt accumulation along with limited accessibility due to high ceiling position of such systems. These factors are anticipatedto increase demand from within the food industry over the next few years which will further boost market growth during future phases of study till 2030AD (Ahead Date).
Regional Analysis:
North America dominated the global drive in rack market with a revenue share of over 35% in 2017. This is attributed to the presence of major players such as IBC and Sargent Metal Detectors, Inc. The U.S., being one of the most lucrative markets for retail businesses, has witnessed an increase in investments by international retailers such as Walmart and Tesco PLC to improve their sales volumes while maintaining low prices. Moreover, rising demand for food delivery services is expected to further boost regional growth during the forecast period.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing government regulations regarding workplace safety coupled with rising industrial accidents that have resulted from manual metal detection practices at work places across various industries including manufacturing, oil & gas exploration.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow at a CAGR of 9.5% from 2016 to 2020, reaching a total size of .9 billion by 2020. This growth is driven by the increasing volume of data being generated and stored due to the proliferation of digital devices and services.
- Growing demand for cloud-based storage: The cloud-based storage market is growing rapidly as businesses move away from traditional on-premises IT infrastructure models and toward more cost-effective, scalable, and flexible cloud solutions. Cloud-based storage offers many benefits over traditional on-premises storage, including lower Total Cost of Ownership (TCO), faster time to deployment, scalability, and improved flexibility.
- Shift from CAPEX to OPEX spending model: A shift in spending trends among organizations towards an OPEX model is driving growth in the Drive in Rack market as companies look for more flexible ways to procure IT infrastructure equipment and services. In an OPEX model, businesses pay for usage rather than owning or leasing equipment outright; this allows them greater flexibility in their budgeting decisions while still providing them with the necessary resources they need to grow their business operations..
Scope Of The Report
Report Attributes
Report Details
Report Title
Drive in Rack Market Research Report
By Type
Single Entry Racks, Double Entry Racks
By Application
Dairy Industry, Food Industry, Tobacco Industry, Cold Storage, Other
By Companies
Feralco, UNARCO Material Handling, Advance Storage Products, Steel King Industries, SJF Material Handling, Mecalux, AK Material Handling, Redirack Storage Systems, Feralco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Drive in Rack Market Report Segments:
The global Drive in Rack market is segmented on the basis of:
Types
Single Entry Racks, Double Entry Racks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy Industry, Food Industry, Tobacco Industry, Cold Storage, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Feralco
- UNARCO Material Handling
- Advance Storage Products
- Steel King Industries
- SJF Material Handling
- Mecalux
- AK Material Handling
- Redirack Storage Systems
- Feralco
Highlights of The Drive in Rack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Entry Racks
- Double Entry Racks
- By Application:
- Dairy Industry
- Food Industry
- Tobacco Industry
- Cold Storage
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drive in Rack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drive in Rack is a storage system that allows users to easily access their files from any computer. Drive in Rack also provides security and backup features so that users can always have their files safe.
Some of the major companies in the drive in rack market are Feralco, UNARCO Material Handling, Advance Storage Products, Steel King Industries, SJF Material Handling, Mecalux, AK Material Handling, Redirack Storage Systems, Feralco.
The drive in rack market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drive in Rack Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drive in Rack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drive in Rack Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drive in Rack Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drive in Rack Market Size & Forecast, 2020-2028
4.5.1 Drive in Rack Market Size and Y-o-Y Growth
4.5.2 Drive in Rack Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Entry Racks
5.2.2 Double Entry Racks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dairy Industry
6.2.2 Food Industry
6.2.3 Tobacco Industry
6.2.4 Cold Storage
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drive in Rack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drive in Rack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Entry Racks
9.6.2 Double Entry Racks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dairy Industry
9.10.2 Food Industry
9.10.3 Tobacco Industry
9.10.4 Cold Storage
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Entry Racks
10.6.2 Double Entry Racks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dairy Industry
10.10.2 Food Industry
10.10.3 Tobacco Industry
10.10.4 Cold Storage
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Entry Racks
11.6.2 Double Entry Racks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dairy Industry
11.10.2 Food Industry
11.10.3 Tobacco Industry
11.10.4 Cold Storage
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Entry Racks
12.6.2 Double Entry Racks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dairy Industry
12.10.2 Food Industry
12.10.3 Tobacco Industry
12.10.4 Cold Storage
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Entry Racks
13.6.2 Double Entry Racks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dairy Industry
13.10.2 Food Industry
13.10.3 Tobacco Industry
13.10.4 Cold Storage
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drive in Rack Market: Competitive Dashboard
14.2 Global Drive in Rack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Feralco
14.3.2 UNARCO Material Handling
14.3.3 Advance Storage Products
14.3.4 Steel King Industries
14.3.5 SJF Material Handling
14.3.6 Mecalux
14.3.7 AK Material Handling
14.3.8 Redirack Storage Systems
14.3.9 Feralco
