Pallet Racking System - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Pallet Racking System Market is accounted for $7.26 billion in 2017 and is expected to reach $15.84 billion by 2026 growing at a CAGR of 9.1%. Factors such as increase demand in e commerce, rise in the demand of the stand alone sub systems are fueling the market growth. However, huge investment for smaller firms acts as hindrance for the growth of the market.
Pallet rack is a material handling storage aid system designed to store materials on pallets. Although there are many varieties of pallet racking, all types allow for the storage of palletized materials in horizontal rows with multiple levels.
Amongst end user, Logistics & Warehousing segment has significant market share during the forecast period. Due to growth in the retail, e-commerce and production industries. The transport of goods throughout the world requires logistics and warehousing. By geography, Asia Pacific region has emerged as the propelling market share because Government of India has taken a lot of initiatives in the infrastructure department, which include improving the connectivity between prominent metro cities, as well as ports.
Some of the key players in Pallet Racking System market include AK Material Handling Systems, Dexion Gmbh, Elite Storage Solutions Inc., Elite Storage Solutions Inc., Estral Innovation and Applied Logistics, Frazier Industrial Company, Hannibal Industries, Inc., Interroll Dyanmic Storage, NEDCON B.V., PROMAN s.r.o., Ridg-U-Rak Inc., SSI Schaefer, Stöcklin Logistics de México, Storage Equipment Systems, Inc., and Vertice Diseño S.A.
Racking Systems Covered:
• Selective Pallet Rack
• Push-back Rack
• Narrow Aisle Rack
• Gravity Flow Rack
• Drive-in Rack
• Other Racking Systems
Frame Load Capacities Covered:
• Up to 5 Ton
• 10 to 15 Ton
• 5 to 10 Ton
• Above 15 Ton
• Shuttle Racking
• Mobile Racking
• Hybrid and Customized
• Trays & Crates
• Timber & Rolls
• Rigid Sheets
• Pipes & Panels
• Drums & Pails
• Cases & Boxes
• Other Applications
End Users Covered:
• Metal Processing & Manufacturing
• Logistics & Warehousing
• Food & Beverages
• Electrical & Electronics
• Building & Construction
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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