China Warehouse Racking System Market Forecast 2023-2030

China Warehouse Racking System Market Forecast 2023-2030

KEY FINDINGS

The China warehouse racking system market is evaluated to rise with a CAGR of 4.50% across the forecasting period. The base year regarded for the market studied is 2022, and the estimated years are from 2023-2030. The market growth of the country is mainly augmented by supportive initiatives and policies by the government. Furthermore, the growing number of warehouses to accommodate product storage and, subsequently, meet the surging demand of the country’s population further proliferates the country’s market growth.

MARKET INSIGHTS

Encouraging government initiatives in order to start new manufacturing, packaging, as well as public health, and other projects are anticipated to boost China’s construction operations. Consequently, this factor is set to fuel the expansion of the number of warehouses accommodating product storage to fulfill the surging need of the population in China.

On the other hand, fast-moving consumer durables, automotive, fast-moving consumer goods (FMCG), and others are among the largest industries in China. While these sectors are expanding owing to the need for catering to the domestic as well as the global population, the demand for product storage is also on the rise. These factors are expected to fuel the need for warehouse spaces, thus augmenting the warehouse racking system market growth in China during the forecast period.

COMPETITIVE INSIGHTS

Some of the eminent companies operating in the market are Kardex Holding AG, DEMATIC, Daifuku Co Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments