Industrial Racking System Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Introduction:

Warehousing of industrial output has generated the need for material handling equipment, and industrial racking systems offer a solution for this requirement. From aerospace to construction, all industries require well maintained storage systems for proper preservation of their product line, which is the main factor spurring growth of the industrial racking system market. The industrial racking system offers optimum techniques for storage in different forms, such as pallet racks, light duty and heavy duty racks, shelving racks and others. Conventional storage racks have insecure working conditions, due to which the racking system evolved with new technologies, including satellite pallet racking, auto-shuttle racking and gravity flow pallet racking.

Mobilized pallet racks have helped organizations eliminate or reduce building construction costs, building expansions, auxiliary warehouses and lessened ongoing operational costs by capitalizing the use of their storage floor space. The industrial racking system makes warehouse design and product flow optimization flexible with low initial investment. Furthermore, there is rising demand from industries to provide storage facilities for their goods and bonded warehousing is an added new field, which is now increasingly being made available to these organizations. Specialized fumigation service is another offshoot of the warehousing business, which boosts the demand for industrial racking systems.

Global Industrial Racking System Market: Dynamics

Drivers:

Growth of industrial racking systems can be attributed to their ability to maximize storage space and safety. Pallet racking provides accessibility for each pallet and this is perfect for gaining supply chain efficiency. In industrial racking systems, optimal storage design becomes a wooing factor for market growth. Qualities, such as storage density, low maintenance and others, achieve greater market hype for the industrial racking system market.

Restraints:

Industrial racking systems are not designed to withstand seismic activities, such as earthquake, tsunami, and flood. Moreover, goods stored in an industrial raking system should be restrained to prevent them from creeping and falling from the racking system. The aforementioned natural disasters make racking systems unsuitable for storage purpose. These are factors hindering growth of the industrial racking system market.

Global Industrial Racking System Market: Segmentation

The industrial racking system market can be segmented on the basis of application, design and carrying capacity.

On the basis of design, the industrial racking system market can be segmented as:

  • Open frame rack
  • Rack enclosures
  • Wall-mount racks
  • Pallet racks
  • Cantilever racking system
  • 2 tier storage system
  • 3 tier storage system
  • Multi ties storage system
  • Shelving racks
  • Pigeon hole rack
  • Fifo racks
  • Slotted panel racks
  • Section panel racks

On the basis of carrying capacity, the industrial racking system market can be segmented as:

  • Heavy duty racks
  • Medium duty racks
  • Light duty racks

On the basis of application, the industrial racking system market can be segmented as:

  • Agriculture
  • Construction
  • Chemical
  • Pharmaceutical
  • Textile
  • Trade
  • Food

Global Industrial Racking System Market: Regional Outlook

The Europe market is expected to dominate the global industrial racking system market, owing to the high adoption of automation in the automotive industry in countries, such as Germany, France and others. The Asia pacific region is anticipated to grow due to a rise in the number of manufacturing facilities in some countries, such as India and China. India is predominantly an agricultural economy and agriculture commodities need warehousing for storage purpose, in turn necessitating industrial racking systems. North America, followed by Asia Pacific, is expected to exhibit significant growth due to the elevated demand for safety handling equipment and growing construction industry in the U.S. market. Consequently, the Latin America market is expected to show steady growth in the industrial racking system market over the forecast period. Demand from the Middle East and Africa region for material handling equipment is slated to be sluggish, due to steady industrialization in e-commerce, food and packaging, pharmaceutical and chemical industries.

Global Industrial Racking System Market: Market Participants

 Examples of some of the market participants in the industrial racking system market are:

  • Kardex
  • Daifuku Co., Ltd
  • Velca Racking Systems Pvt. Ltd.
  • Toyota forklifts
  • SSI Schaefer
  • Universal Storage Systems (SA) (Pty) Ltd
  • Steel king
  • Bulldog rack
  • Racks Industries Limited
  • North American Steel
  • Arpac Storage Systems Corporation
  • Constructor Group
  • Hannibal Industries
  • Redirack
  • CWH Storage System SDN BHD
  • Foothills Systems

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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