Market Overview:
The Global Shuttle 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 is attributed to the increasing demand for shuttle pallet racking system in various end-use industries such as packaging, food & beverages, electrical & electronics, building & construction and others. In addition, the growing trend of automation across various industries is also fueling the demand for shuttle pallet racking system globally.
Product Definition:
A shuttle pallet racking system is a type of pallet racking that uses a shuttle to move loads between storage locations. The importance of shuttle pallet racking systems is that they allow for more efficient use of space, as the loads can be stored closer together than if they were stored on traditional pallet racks.
Up to 5 Ton:
5 ton up to 5.9 ton capacity pallet racking systems are used for handling and transporting heavy industrial goods such as metal sheets, large size containers, etc. The system is made of high strength steel and plastic composite materials which make it more durable for rough usage at the destination point. It has a huge market due to its ability to handle different types of load in any environment including indoors and outdoors with no corrosion or rusting issues.
5 to 10 Ton:
The 5 to 10 ton is a common unit of measurement for determining the total weight capacity of a Shuttle Pallet Racking System. It represents approximately one-third of the total loaded weight on each shelf in the system. The number refers to the maximum load that can be carried by at least 75% of standard 40 ft. shipping containers, which are widely used for transporting goods worldwide.
Application Insights:
The packaging application segment led the market and accounted for more than 40.0% share of the global revenue in 2017. The growth is attributed to increasing demand for packaged food products, consumer goods, and other commodities from developed countries such as U.K., Germany, U.S., China and India at a low cost across various regions including Latin America, North America and Europe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing trade activities worldwide. The region has witnessed significant growth in industries including food & beverages, electrical & electronics, and others that require heavy goods movement on a regular basis. Moreover, rising investments in the construction industry are projected to drive demand for shuttle pallet racking systems across Asia Pacific over the forecast period.
The European market was valued at USD X million in 2017 as it is one of the key manufacturing hubs for several high-end luxury vehicles by various companies including BMW, Mercedes Benz among others. Thus, automotive manufacturers based in Europe are investing heavily in their production plants which requires them move huge volumes of finished products on a regular basis hence propelling demand for shuttle pallet racking systems across Europe during the forecast period.
Growth Factors:
- Increasing demand for shuttle pallet racking system from the automotive and transportation sector due to the advantages offered by these systems over traditional storage systems.
- Growing popularity of automated storage and retrieval systems (AS/RS) that use shuttle pallet racking for handling goods, which is resulting in an increase in demand for these systems.
- Proliferation of e-commerce businesses and the need for efficient warehouse management solutions to handle increased volumes of inventory is driving the adoption of shuttle pallet racking system globally.
- Rapid industrialization in emerging economies such as China, India, Brazil, etc., is leading to an increase in demand for advanced material handling solutions including shuttle pallet racking system. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Shuttle 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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Shuttle Pallet Racking System Market Report Segments:
The global Shuttle 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 Shuttle 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 Shuttle 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?
Shuttle Pallet Racking System is a type of storage system that uses pallets to organize and store items. The system consists of a series of racks that are mounted on a moving platform. The racks can be moved around the warehouse to make it easier for employees to access the items they need.
Some of the key players operating in the shuttle 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 shuttle 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. Shuttle 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. Shuttle 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. Shuttle Pallet Racking System Market - Supply Chain
4.5. Global Shuttle Pallet Racking System Market Forecast
4.5.1. Shuttle Pallet Racking System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shuttle Pallet Racking System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shuttle Pallet Racking System Market Absolute $ Opportunity
5. Global Shuttle 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. Shuttle 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 Shuttle 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. Shuttle 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 Shuttle 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. Shuttle 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 Shuttle 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. Shuttle 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 Shuttle Pallet Racking System Demand Share Forecast, 2019-2026
9. North America Shuttle 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 Shuttle 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 Shuttle 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 Shuttle 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 Shuttle Pallet Racking System Demand Share Forecast, 2019-2026
10. Latin America Shuttle 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 Shuttle 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 Shuttle 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 Shuttle 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 Shuttle Pallet Racking System Demand Share Forecast, 2019-2026
11. Europe Shuttle 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 Shuttle 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 Shuttle 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 Shuttle 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 Shuttle Pallet Racking System Demand Share, 2019-2026
12. Asia Pacific Shuttle 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 Shuttle 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 Shuttle 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 Shuttle 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 Shuttle Pallet Racking System Demand Share, 2019-2026
13. Middle East & Africa Shuttle 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 Shuttle 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 Shuttle 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 Shuttle 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 Shuttle Pallet Racking System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shuttle Pallet Racking System Market: Market Share Analysis
14.2. Shuttle Pallet Racking System Distributors and Customers
14.3. Shuttle 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
