Market Overview:
The global plastic rackable pallets 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 plastic rackable pallets from the automotive industry, owing to their properties such as durability and lightweight. In addition, the growing demand for these pallets from e-commerce companies is also contributing to the growth of this market.
Product Definition:
A plastic rackable pallet is a pallet made entirely or mostly of plastic. These pallets are often used in warehouses and distribution centers where goods are stored on shelves in racks. The use of a plastic rackable pallet can help to protect goods from damage and can also make it easier to move items around the warehouse.
Plastic Manifold:
Plastic Manifold is a device that helps in loading and unloading bulkier products from delivery trucks, storage containers or display cases onto retail store shelves. It's an essential element of any distribution center as it enables safe and damage-free stacking of goods on the shelf.
Metal Manifold:
Metal manifold is a device that has multiple outlets connected by tubes or channels. It is used to distribute the weight of heavy loads over a greater number of points, thus reducing the stress on any single point. Metal manifolds are most commonly used in material handling applications for industrial racks and pallets. They are also being increasingly adopted in forklift truck configurations as they help improve stability while operating at high speeds and load capacities by spreading out the weight of the vehicle over more than one wheel simultaneously.
Application Insights:
The passenger vehicle application segment led the global market and accounted for more than 54.0% share of the total revenue in 2017. The growth is attributed to increasing demand for passenger vehicles from developing countries, such as China, India and Brazil. Moreover, stringent government regulations regarding reduction in vehicular emissions are expected to drive industry growth over the forecast period.
Commercial vehicle applications include trucks, tractors and other agricultural vehicles among others that require large storage space on account of heavy load capacity or long distances to be covered with a single trip.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising disposable income, increasing population, and growing industrialization. Moreover, China is anticipated to emerge as a major consumer owing to rapid urbanization coupled with strong economic growth in India.
The plastic manifold pallet market in Europe accounted for over 25% of the total revenue share in 2017 on account of high product demand from various industries including automotive, transportation & logistics (T&L), electrical & electronics (EEE), construction material handling equipment manufacturing sector. In addition, stringent government regulations regarding fuel economy along with CO2 emissions are likely to drive industry expansion over the next eight years.
North America emerged as one of the prominent regional markets for rackable plastic pallets due to high acceptance from end-users such as food processing units/warehousing facilities and retail stores across U.S.
Growth Factors:
- Increasing demand for plastic pallets from the automotive and transportation industries on account of their lightweight properties and durability.
- Proliferation of automated warehouses, which is expected to drive the demand for plastic rackable pallets as they are easy to handle and do not require much space.
- Rising concerns over environmental pollution caused by wooden pallets, which is likely to boost the adoption of plastic rackable pallets in the near future.
- Growing popularity of Just-in-Time (JIT) inventory management system, which calls for use of lightweight and durable materials such as plastic rackable pallets for storage purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Rackable Pallets Market Research Report
By Type
Plastic Manifold, Metal Manifold
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Mann+Hummel, Mahle, Toyota Boshoku, Sogefi, Aisin Seiki, Magneti Marelli, Keihin, Montaplast, Novares, Wenzhou Ruiming Industrial, Roechling, Mikuni, Inzi Controls Controls, Samvardhana Motherson Group, Aisan Industry, BOYI
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Rackable Pallets Market Report Segments:
The global Plastic Rackable Pallets market is segmented on the basis of:
Types
Plastic Manifold, Metal Manifold
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
Passenger Vehicle, Commercial Vehicle
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:
- Mann+Hummel
- Mahle
- Toyota Boshoku
- Sogefi
- Aisin Seiki
- Magneti Marelli
- Keihin
- Montaplast
- Novares
- Wenzhou Ruiming Industrial
- Roechling
- Mikuni
- Inzi Controls Controls
- Samvardhana Motherson Group
- Aisan Industry
- BOYI
Highlights of The Plastic Rackable Pallets 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:
- Plastic Manifold
- Metal Manifold
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Plastic Rackable Pallets 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A plastic rackable pallet is a type of pallet made from plastic that can be stacked on top of each other. They are often used to store products in warehouses and distribution centers.
Some of the major companies in the plastic rackable pallets market are Mann+Hummel, Mahle, Toyota Boshoku, Sogefi, Aisin Seiki, Magneti Marelli, Keihin, Montaplast, Novares, Wenzhou Ruiming Industrial, Roechling, Mikuni, Inzi Controls Controls, Samvardhana Motherson Group, Aisan Industry, BOYI.
The plastic rackable pallets 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 Plastic Rackable Pallets 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 Plastic Rackable Pallets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Rackable Pallets 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 Plastic Rackable Pallets 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 Plastic Rackable Pallets Market Size & Forecast, 2020-2028
4.5.1 Plastic Rackable Pallets Market Size and Y-o-Y Growth
4.5.2 Plastic Rackable Pallets 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 Plastic Manifold
5.2.2 Metal Manifold
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 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Rackable Pallets 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 Plastic Rackable Pallets 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 Plastic Manifold
9.6.2 Metal Manifold
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 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Plastic Manifold
10.6.2 Metal Manifold
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 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Plastic Manifold
11.6.2 Metal Manifold
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 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Plastic Manifold
12.6.2 Metal Manifold
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 Passenger Vehicle
12.10.2 Commercial Vehicle
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 Plastic Manifold
13.6.2 Metal Manifold
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 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Plastic Rackable Pallets Market: Competitive Dashboard
14.2 Global Plastic Rackable Pallets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mann+Hummel
14.3.2 Mahle
14.3.3 Toyota Boshoku
14.3.4 Sogefi
14.3.5 Aisin Seiki
14.3.6 Magneti Marelli
14.3.7 Keihin
14.3.8 Montaplast
14.3.9 Novares
14.3.10 Wenzhou Ruiming Industrial
14.3.11 Roechling
14.3.12 Mikuni
14.3.13 Inzi Controls Controls
14.3.14 Samvardhana Motherson Group
14.3.15 Aisan Industry
14.3.16 BOYI
