Market Overview:
The global selective pallet racking system 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 pallet racking systems from various end-use industries, such as packaging, food & beverages, electrical & electronics, building & construction and others. In addition, the growing trend of automation in various industries is also propelling the growth of the selective pallet racking system market. Based on type, the global selective pallet racking system market can be segmented into up to 5 ton capacity rack systems, 5 to 10 ton capacity rack systems 10 to 15 ton capacity rack systems and above 15 ton capacity rack systems. Among these segments, the up to 5 ton capacity racks are expected witness highest demand duringthe forecast period owingto their low cost and easy installation process. Furthermore,, based on application,, th e sele ctive p al let ra cking sy stem m arket can be divided into packaging,, food & beverage s,, el ectrical& electron ics , bui lding& construc tion an d ot hers . Owing t o th eir high efficiencyand durability,.
Product Definition:
A selective pallet rack system is a storage system that utilizes a series of upright frames and horizontal shelves to store goods. The shelves can be adjusted to accommodate different sized items, and the racks can be customized for specific needs. A selective pallet rack system is important because it allows businesses to store large quantities of goods in a small amount of space.
Up to 5 Ton:
5 ton up to 5.9 ton capacity selective pallet racking systems are used for handling and storing a wide range of products including construction materials, automotive & transportation parts, food & beverages and pharmaceuticals among others. The global demand for this system is expected to witness significant growth on account of the increasing adoption in the warehouse automation industry coupled with rising investments in infrastructure development across various regions such as Asia Pacific, Europe and North America among others.
5 to 10 Ton:
5 to 10 ton selective pallet racking system is used for handling and storing a variety of goods including automotive, industrial machinery, construction equipment and others. The system comprises of five or ten tons weight capacity steel frame with adjustable height that can be loaded or unloaded through the front door using hydraulic arms. It has wheels at the bottom that make it movable along with an open platform on top for loading/unloading.
Application Insights:
The packaging application segment led the global selective pallet racking system market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in demand for packaged food and beverages, electronics products, and other industrial goods across various regions including North America and Europe.
In addition, growing e-commerce activities coupled with increasing consumer disposable income levels are expected to propel product demand from packaging applications over the next eight years. Moreover, governments in various countries have taken several initiatives such as reforming obsolete laws and regulations that hinder investments by foreign companies thereby driving growth of the industry locally. For instance, reforms made by China¢â‚¬â„¢s government allow foreign investors greater access to manufacturing facilities through joint ventures or wholly owned subsidiaries thereby fueling growth of the industry there since 2015.
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 investments in industrial development, increasing population, and rapid urbanization. Moreover, China has emerged as a major manufacturing hub for various consumer goods such as smartphones and laptops among others. This trend is projected to have a positive impact on regional growth over the next eight years.
The food & beverages industry accounts for a major share in terms of revenue generation across Asia Pacific economies such as India and China owing to growing demand from domestic consumers along with an increase in per capita income levels coupled with changing lifestyles that favor consumption of packaged foods products – all factors that are likely to boost product demand across this region during the forecast period.
Growth Factors:
- Increasing demand from the e-commerce sector: The Selective Pallet Racking System market is expected to benefit from the increasing demand from the e-commerce sector. This is owing to the fact that pallet racks are an essential part of warehouses and fulfilment centres, which are used for storing and handling goods in a systematic manner.
- Rising investments in warehouse infrastructure: The growth of online retailing is leading to an increase in investments in warehouse infrastructure by retailers and third-party logistics providers (3PLs). This is resulting in an increase in demand for Selective Pallet Racking Systems, as they offer high storage density and flexibility.
- Proliferation of automated warehouses: Automated warehouses are becoming increasingly popular due to their ability to improve efficiency and throughput rates. They require Selective Pallet Racking Systems that can be easily integrated with automated material handling systems, which is likely to boost market growth over the forecast period.
- Growing popularity of rack supported mezzanines: Rack supported mezzanines are gaining popularity as they offer a cost-effective way of expanding storage capacity without having to invest in new premises or equipment. They also help reduce congestion on the floor level, making it easier for workers to move around freely within the warehouse environment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Selective Pallet Racking System Market Research Report
By Type
Up to 5 Ton, 5 to 10 Ton, 10 to 15 Ton, Above 15 Ton
By Application
Packaging, Food & Beverages, Electrical & Electronics, Building & Construction, Others
By Companies
Daifuku, KARDEX, Interroll Dyanmic Storage, Jungheinrich, SSI Schaefer, AVERYS Group, Mecalux, NEDCON, Estral Innovation and Applied Logistics, Dexion Gmbh, Montel, Hannibal Industries, Elite Storage Solutions, Ridg-U-Rak, ATOX SISTEMAS DE ALMACENAJE, Vertice Diseno, Poveda & CIA, Frazier Industrial, DR Storage 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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Selective Pallet Racking System Market Report Segments:
The global Selective Pallet Racking System market is segmented on the basis of:
Types
Up to 5 Ton, 5 to 10 Ton, 10 to 15 Ton, Above 15 Ton
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
Packaging, Food & Beverages, Electrical & Electronics, Building & Construction, Others
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:
- Daifuku
- KARDEX
- Interroll Dyanmic Storage
- Jungheinrich
- SSI Schaefer
- AVERYS Group
- Mecalux
- NEDCON
- Estral Innovation and Applied Logistics
- Dexion Gmbh
- Montel
- Hannibal Industries
- Elite Storage Solutions
- Ridg-U-Rak
- ATOX SISTEMAS DE ALMACENAJE
- Vertice Diseno
- Poveda & CIA
- Frazier Industrial
- DR Storage Systems
Highlights of The Selective Pallet 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:
- Up to 5 Ton
- 5 to 10 Ton
- 10 to 15 Ton
- Above 15 Ton
- By Application:
- Packaging
- Food & Beverages
- Electrical & Electronics
- Building & Construction
- Others
- 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 Selective Pallet 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?
Selective Pallet Racking System is a type of pallet racking system that allows for the selective loading and unloading of pallets. This system is typically used in warehouses to organize and store goods.
Some of the major companies in the selective pallet racking system market are Daifuku, KARDEX, Interroll Dyanmic Storage, Jungheinrich, SSI Schaefer, AVERYS Group, Mecalux, NEDCON, Estral Innovation and Applied Logistics, Dexion Gmbh, Montel, Hannibal Industries, Elite Storage Solutions, Ridg-U-Rak, ATOX SISTEMAS DE ALMACENAJE, Vertice Diseno, Poveda & CIA, Frazier Industrial, DR Storage Systems.
The selective pallet racking system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Selective Pallet Racking System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Selective Pallet Racking System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Selective Pallet Racking System Market - Supply Chain
4.5. Global Selective Pallet Racking System Market Forecast
4.5.1. Selective Pallet Racking System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Selective Pallet Racking System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Selective Pallet Racking System Market Absolute $ Opportunity
5. Global Selective Pallet Racking System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Selective Pallet Racking System Market Size and Volume Forecast by Type
5.3.1. Up to 5 Ton
5.3.2. 5 to 10 Ton
5.3.3. 10 to 15 Ton
5.3.4. Above 15 Ton
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Selective Pallet Racking System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Selective Pallet Racking System Market Size and Volume Forecast by Application
6.3.1. Packaging
6.3.2. Food & Beverages
6.3.3. Electrical & Electronics
6.3.4. Building & Construction
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Selective Pallet Racking System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Selective Pallet Racking System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Selective Pallet Racking System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Selective Pallet Racking System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Selective Pallet Racking System Demand Share Forecast, 2019-2026
9. North America Selective Pallet Racking System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Selective Pallet Racking System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Selective Pallet Racking System Market Size and Volume Forecast by Application
9.4.1. Packaging
9.4.2. Food & Beverages
9.4.3. Electrical & Electronics
9.4.4. Building & Construction
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Selective Pallet Racking System Market Size and Volume Forecast by Type
9.7.1. Up to 5 Ton
9.7.2. 5 to 10 Ton
9.7.3. 10 to 15 Ton
9.7.4. Above 15 Ton
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Selective Pallet Racking System Demand Share Forecast, 2019-2026
10. Latin America Selective Pallet Racking System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Selective Pallet Racking System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Selective Pallet Racking System Market Size and Volume Forecast by Application
10.4.1. Packaging
10.4.2. Food & Beverages
10.4.3. Electrical & Electronics
10.4.4. Building & Construction
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Selective Pallet Racking System Market Size and Volume Forecast by Type
10.7.1. Up to 5 Ton
10.7.2. 5 to 10 Ton
10.7.3. 10 to 15 Ton
10.7.4. Above 15 Ton
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Selective Pallet Racking System Demand Share Forecast, 2019-2026
11. Europe Selective Pallet Racking System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Selective Pallet Racking System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Selective Pallet Racking System Market Size and Volume Forecast by Application
11.4.1. Packaging
11.4.2. Food & Beverages
11.4.3. Electrical & Electronics
11.4.4. Building & Construction
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Selective Pallet Racking System Market Size and Volume Forecast by Type
11.7.1. Up to 5 Ton
11.7.2. 5 to 10 Ton
11.7.3. 10 to 15 Ton
11.7.4. Above 15 Ton
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Selective Pallet Racking System Demand Share, 2019-2026
12. Asia Pacific Selective Pallet Racking System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Selective Pallet Racking System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Selective Pallet Racking System Market Size and Volume Forecast by Application
12.4.1. Packaging
12.4.2. Food & Beverages
12.4.3. Electrical & Electronics
12.4.4. Building & Construction
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Selective Pallet Racking System Market Size and Volume Forecast by Type
12.7.1. Up to 5 Ton
12.7.2. 5 to 10 Ton
12.7.3. 10 to 15 Ton
12.7.4. Above 15 Ton
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Selective Pallet Racking System Demand Share, 2019-2026
13. Middle East & Africa Selective Pallet Racking System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Selective Pallet Racking System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Selective Pallet Racking System Market Size and Volume Forecast by Application
13.4.1. Packaging
13.4.2. Food & Beverages
13.4.3. Electrical & Electronics
13.4.4. Building & Construction
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Selective Pallet Racking System Market Size and Volume Forecast by Type
13.7.1. Up to 5 Ton
13.7.2. 5 to 10 Ton
13.7.3. 10 to 15 Ton
13.7.4. Above 15 Ton
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Selective Pallet Racking System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Selective Pallet Racking System Market: Market Share Analysis
14.2. Selective Pallet Racking System Distributors and Customers
14.3. Selective Pallet Racking System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daifuku
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KARDEX
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Interroll Dyanmic Storage
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jungheinrich
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SSI Schaefer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AVERYS Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mecalux
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NEDCON
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Estral Innovation and Applied Logistics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dexion Gmbh
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Montel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hannibal Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Elite Storage Solutions
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ridg-U-Rak
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ATOX SISTEMAS DE ALMACENAJE
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Vertice Diseno
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Poveda & CIA
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Frazier Industrial
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. DR Storage Systems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
