Market Overview:
The global vertical racking market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for storage solutions, especially in the warehouses and logistics sector. Additionally, the growing trend of automation is also contributing to the growth of this market. The global vertical racking market can be segmented on the basis of type into single sided racking and double sided racking. On the basis of application, it can be segmented into factories, warehouses, logistics and other applications such as retail stores and hospitals. The North American region dominates this market followed by Europe and Asia Pacific respectively.
Product Definition:
Vertical racking is a warehouse storage system that uses up less floor space than traditional horizontal shelving. It is perfect for storing small or oddly shaped items. The importance of vertical racking is that it efficiently utilizes space in a warehouse, which can be valuable when storage is limited.
Single Sided Racking:
Single-sided racking is a form of vertical racking used to support and hold the products in retail stores. It is also known as one-sided or single side racking. The product has only one rail on which the goods are mounted, usually at eye level and facing outwards from the store towards customers.
Double Sided Racking:
Double-sided racking is a method of storing products in retail stores where the product can be stored on both sides of the shelf. The term double-sided refers to two different types of materials used for making shelves, one side made from wood and other side made from metal or plastic. In vertical racking systems, there are no requirements for tools to assemble or disassemble; it is all done by just lifting and sliding out drawers.
Application Insights:
Factories was the dominant application segment in the global vertical racking market, accounting for over 60.0% share of the overall revenue in 2017. The warehouses are built in a way to ensure proper storage of products during their transit from suppliers to consumers or between production units. Vertical racking systems are widely used for warehouse applications as they offer flexibility and easy installation along with enhanced safety and security owing to its sturdy construction.
The logistics sector is expected to emerge as one of the fastest-growing segments over the forecast period owing to increasing demand for efficient transportation solutions across various regions coupled with rising cross-border trade activities globally. As per World Data Lab, global trade increased by 3% from 2016 to 2017 while container traffic grew by 6%. Strict government rules regarding transport infrastructure development and growing awareness among shippers & receivers about using vertical storage facilities are likely drive growth over next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industries. The U.S. is one of the largest producers and consumers of food products across the globe, which has led to an increased demand for racking systems in warehousing operations within this region over the past few years. Furthermore, growing investments by key players in developing innovative racking solutions are expected to drive regional growth over next eight years.
Asia Pacific is expected to witness significant growth during forecast period owing to increasing adoption by manufacturers and warehouses located within China and India as well as other countries such as Australia, Singapore, Thailand etc., which are emerging economies with high economic development potential at lower costs than developed markets including North America & Europe due to availability of low-cost skilled workforce along with less stringent regulations regarding hygiene & safety standards compared with developed regions; factors that have contributed significantly towards its rapid industrialization & urbanization processes over last few decades (referring mainly towards manufacturing sectors).
Growth Factors:
- Increasing demand for storage space in warehouses and distribution centers
- Growing popularity of automated storage and retrieval systems (AS/RS)
- Proliferation of e-commerce and the need for more efficient order fulfillment
- Increased demand from the automotive industry for vertical racking systems to store spare parts and components
- Advances in materials handling technology that make vertical racking systems more efficient and cost effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Racking Market Research Report
By Type
Single Sided Racking, Double Sided Racking
By Application
Factories, Warehouse, Logistics, Other
By Companies
Wickens, Racks Industries, Filplastic UK, EAB, Steel King, Wickens
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Racking Market Report Segments:
The global Vertical Racking market is segmented on the basis of:
Types
Single Sided Racking, Double Sided Racking
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
Factories, Warehouse, Logistics, 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:
- Wickens
- Racks Industries
- Filplastic UK
- EAB
- Steel King
- Wickens
Highlights of The Vertical Racking 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 Sided Racking
- Double Sided Racking
- By Application:
- Factories
- Warehouse
- Logistics
- 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 Vertical Racking 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?
Vertical racking is a storage method that uses vertical columns of racks to organize and store items. Items are typically stored in rows and columns, with the height of the rack determining how deep an item can be placed. This system is often used in warehouses or retail stores to organize and store products.
Some of the major players in the vertical racking market are Wickens, Racks Industries, Filplastic UK, EAB, Steel King, Wickens.
The vertical racking market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical Racking 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 Vertical Racking Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Racking 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 Vertical Racking 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 Vertical Racking Market Size & Forecast, 2020-2028
4.5.1 Vertical Racking Market Size and Y-o-Y Growth
4.5.2 Vertical Racking 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 Sided Racking
5.2.2 Double Sided Racking
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 Factories
6.2.2 Warehouse
6.2.3 Logistics
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Racking 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 Vertical Racking 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 Sided Racking
9.6.2 Double Sided Racking
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 Factories
9.10.2 Warehouse
9.10.3 Logistics
9.10.4 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 Sided Racking
10.6.2 Double Sided Racking
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 Factories
10.10.2 Warehouse
10.10.3 Logistics
10.10.4 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 Sided Racking
11.6.2 Double Sided Racking
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 Factories
11.10.2 Warehouse
11.10.3 Logistics
11.10.4 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 Sided Racking
12.6.2 Double Sided Racking
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 Factories
12.10.2 Warehouse
12.10.3 Logistics
12.10.4 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 Sided Racking
13.6.2 Double Sided Racking
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 Factories
13.10.2 Warehouse
13.10.3 Logistics
13.10.4 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 Vertical Racking Market: Competitive Dashboard
14.2 Global Vertical Racking Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wickens
14.3.2 Racks Industries
14.3.3 Filplastic UK
14.3.4 EAB
14.3.5 Steel King
14.3.6 Wickens
