Market Overview:
The global industrial racking system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for storage and handling solutions in various industries such as agriculture, construction, chemical, pharmaceutical, textile, food and others. Additionally, the growing trend of warehouse automation is also contributing to the growth of this market. On the basis of type, heavy duty racks are expected to hold a dominant share in the global industrial racking system market during the forecast period from 2018 to 2030. This can be attributed to their high load-bearing capacity which makes them suitable for storing heavy items.
Product Definition:
Industrial racking system is a storage system which is used in factories, warehouses and other industrial areas. This system helps to store goods and materials in an organized manner. The importance of this system is that it helps to keep the area clean and organized, which makes it easy to find the required items.
Heavy Duty Racks:
Heavy-duty racks are used in the manufacturing industries for storing various heavy industrial equipment such as cranes, forklifts, and other material handling equipment. The growth factor for HD racks is their ability to support a maximum weight of up to 1000 kgs which makes them suitable for use in warehouses where large weight bearing capacity is required.
The demand from end-use industries such as automotive & transportation.
Medium Duty Racks:
Medium duty racks are used in the industrial racking system to store materials such as metal sheets, plastic sheets, aluminum extrusions and other similar materials. Medium duty racks are also used for storing finished goods and raw materials in large quantities. The demand for medium duty racks is expected to witness growth on account of rising use of these products by small scale industries across developing countries including India, China, Vietnam and Thailand among others.
Application Insights:
The global demand for industrial racking systems has witnessed a paradigm shift due to the growing need to store products in large quantities. The agriculture sector was the largest consumer of these systems followed by construction. In 2017, agriculture accounted for over 50% of the total revenue share and is expected to continue its dominance over the forecast period as well.
In terms of revenue, construction industry emerged as a dominant segment with a share of 28.6% in 2017 and is expected to grow at CAGR exceeding 5% from 2018 to 2030 globally owing to increasing infrastructure spending across various regions coupled with high growth in residential & commercial building activities worldwide will drive demand for these systems significantly over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. China, India, Japan, South Korea are some of the prominent markets in Asia Pacific that have witnessed significant growth owing to various factors such as low labor cost and easy availability of raw materials & components.
The demand for racking systems is likely to be driven by their application in different industries such as construction, chemical processing/petrochemical industry etc., which varies from region to region globally. For instance; heavy-duty racking system applications are more predominant in North America while medium-duty racks dominate Europe's industrial rackets market space.
Growth Factors:
- Increasing demand from the automotive and manufacturing industries for storage and handling of heavy goods is expected to drive the growth of industrial racking system market.
- Proliferation of online retail is also anticipated to fuel the demand for industrial racking systems as these systems offer better space utilization and help in easy retrieval of goods from inventory.
- Growing popularity of automated storage and retrieval systems is also expected to boost the market growth during the forecast period.
- Rising investments in warehouses, distribution centers, and logistics parks are also projected to propel the demand for industrial racking systems over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Racking System Market Research Report
By Type
Heavy Duty Racks, Medium Duty Racks, Light Duty Racks
By Application
Agriculture, Construction, Chemical, Pharmaceutical, Textile, Food
By Companies
Kardex, Daifuku Co., Ltd, Velca Racking Systems Pvt. Ltd., Toyota forklifts, SSI Schaefer, Universal Storage Systems (SA) (Pty) Ltd, Steel king, Bulldog rack, Racks Industries Limited, North American Steel, Kardex, Constructor Group, Hannibal Industries, Redirack, CWH Storage System SDN BHD, Foothills Systems
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Racking System Market Report Segments:
The global Industrial Racking System market is segmented on the basis of:
Types
Heavy Duty Racks, Medium Duty Racks, Light Duty 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
Agriculture, Construction, Chemical, Pharmaceutical, Textile, Food
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:
- Kardex
- Daifuku Co., Ltd
- Velca Racking Systems Pvt. Ltd.
- Toyota forklifts
- SSI Schaefer
- Universal Storage Systems (SA) (Pty) Ltd
- Steel king
- Bulldog rack
- Racks Industries Limited
- North American Steel
- Kardex
- Constructor Group
- Hannibal Industries
- Redirack
- CWH Storage System SDN BHD
- Foothills Systems
Highlights of The Industrial Racking System 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:
- Heavy Duty Racks
- Medium Duty Racks
- Light Duty Racks
- By Application:
- Agriculture
- Construction
- Chemical
- Pharmaceutical
- Textile
- Food
- 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 Industrial Racking System 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.
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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?
Industrial racking systems are used to organize and store products in a warehouse or manufacturing plant. The racks can be divided into different sections, such as raw materials, finished goods, and storage areas for inventory.
Some of the key players operating in the industrial racking system market are Kardex, Daifuku Co., Ltd, Velca Racking Systems Pvt. Ltd., Toyota forklifts, SSI Schaefer, Universal Storage Systems (SA) (Pty) Ltd, Steel king, Bulldog rack, Racks Industries Limited, North American Steel, Kardex, Constructor Group, Hannibal Industries, Redirack, CWH Storage System SDN BHD, Foothills Systems.
The industrial racking system 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 Industrial Racking System 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 Industrial Racking System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Racking System 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 Industrial Racking System 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 Industrial Racking System Market Size & Forecast, 2018-2028
4.5.1 Industrial Racking System Market Size and Y-o-Y Growth
4.5.2 Industrial Racking System Market Absolute $ Opportunity
Chapter 5 Global Industrial Racking System 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 Industrial Racking System Market Size Forecast by Type
5.2.1 Heavy Duty Racks
5.2.2 Medium Duty Racks
5.2.3 Light Duty Racks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Racking System 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 Industrial Racking System Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Construction
6.2.3 Chemical
6.2.4 Pharmaceutical
6.2.5 Textile
6.2.6 Food
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Racking System 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 Industrial Racking System 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 Industrial Racking System Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Racking System 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 Industrial Racking System Market Size Forecast by Type
9.6.1 Heavy Duty Racks
9.6.2 Medium Duty Racks
9.6.3 Light Duty 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 Industrial Racking System Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Construction
9.10.3 Chemical
9.10.4 Pharmaceutical
9.10.5 Textile
9.10.6 Food
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 Industrial Racking System Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Racking System 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 Industrial Racking System Market Size Forecast by Type
10.6.1 Heavy Duty Racks
10.6.2 Medium Duty Racks
10.6.3 Light Duty 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 Industrial Racking System Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Construction
10.10.3 Chemical
10.10.4 Pharmaceutical
10.10.5 Textile
10.10.6 Food
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 Industrial Racking System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Racking System 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 Industrial Racking System Market Size Forecast by Type
11.6.1 Heavy Duty Racks
11.6.2 Medium Duty Racks
11.6.3 Light Duty 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 Industrial Racking System Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Construction
11.10.3 Chemical
11.10.4 Pharmaceutical
11.10.5 Textile
11.10.6 Food
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 Industrial Racking System Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Racking System 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 Industrial Racking System Market Size Forecast by Type
12.6.1 Heavy Duty Racks
12.6.2 Medium Duty Racks
12.6.3 Light Duty 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 Industrial Racking System Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Construction
12.10.3 Chemical
12.10.4 Pharmaceutical
12.10.5 Textile
12.10.6 Food
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) Industrial Racking System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Racking System 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) Industrial Racking System Market Size Forecast by Type
13.6.1 Heavy Duty Racks
13.6.2 Medium Duty Racks
13.6.3 Light Duty 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) Industrial Racking System Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Construction
13.10.3 Chemical
13.10.4 Pharmaceutical
13.10.5 Textile
13.10.6 Food
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 Industrial Racking System Market: Competitive Dashboard
14.2 Global Industrial Racking System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kardex
14.3.2 Daifuku Co., Ltd
14.3.3 Velca Racking Systems Pvt. Ltd.
14.3.4 Toyota forklifts
14.3.5 SSI Schaefer
14.3.6 Universal Storage Systems (SA) (Pty) Ltd
14.3.7 Steel king
14.3.8 Bulldog rack
14.3.9 Racks Industries Limited
14.3.10 North American Steel
14.3.11 Kardex
14.3.12 Constructor Group
14.3.13 Hannibal Industries
14.3.14 Redirack
14.3.15 CWH Storage System SDN BHD
14.3.16 Foothills Systems
