Warehouse Racking Market 2024-2028
Technavio has been monitoring the warehouse racking market and is forecast to grow by USD 2148.6 mn during 2023-2028, accelerating at a CAGR of 6.21% during the forecast period. Our report on the warehouse racking market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changing consumer preferences, convenience in consumption, and increasing demand for storage and warehousing.
Technavio's warehouse racking market is segmented as below:
By End-user
- Automotive industry
- Food and beverage industry
- Retail industry
- Electrical and electronics and others
By Product
- Selective pallets
- Push back
- Drive-in
- Pallet flow
- Cantilever and others
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the rising demand for retail space as one of the prime reasons driving the warehouse racking market growth during the next few years. Also, rising popularity of warehouse management system and increasing adoption of omnichannel strategies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the warehouse racking market covers the following areas:
- Warehouse racking market sizing
- Warehouse racking market forecast
- Warehouse racking market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading warehouse racking market vendors that include AK Material Handling Systems, AR Racking SAU, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., DMW and H, FIVES SAS, FlexLink Holding AB, Gonvarri Material Handling AS, Honeywell International Inc., Interroll Holding AG, Jungheinrich Group, Kardex Holding AG, KION GROUP AG, Mecalux SA, Murata Machinery Ltd., Russell Industries Inc., Saar Lagertechnik GmbH, SSI Schafer IT Solutions GmbH, The Invicta Group, and Toyota Industries Corp.. Also, the warehouse racking market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.