Europe Warehouse Racking System Market Forecast 2023-2032

Europe Warehouse Racking System Market Forecast 2023-2032

KEY FINDINGS

The Europe warehouse racking system market is estimated to progress with a CAGR of 3.64% during the forecasting years of 2023 to 2032. The region’s market growth is credited to key factors, including the rising number of new warehouse constructions, in addition to the high volume of trade activities in leading economies, such as the United Kingdom and Germany.

MARKET INSIGHTS

The Europe warehouse racking system market growth assessment entails the analysis of the United Kingdom, Germany, France, Italy, Spain, and Rest of Europe. The rising investments in the construction of warehouses, as well as fulfillment centers, are expected to propel the demand for warehouse racking systems in Italy. For example, GLP, a player in real estate, logistics, infrastructure, and related businesses, acquired a site in the municipality of Anagni (FR) on October 2022. The acquisition is aimed at the development of a Grade A warehouse facility with an overall leasable area of 22,000 SQM.

On the other hand, the demand for warehouse and storage services is proliferating in Spain on account of the presence of multiple industries coupled with their need for complete logistics services. Aligning with this, Bomi Group, an integrated logistics company, announced the construction of a new logistics center in May 2022. With an area of 25,000 m², the establishment would have a capacity of 60,000 pallets. Furthermore, an automotive drive system provider, GKN, appointed AR Racking, a storage solutions provider, in order to upgrade the warehouse. Therefore, these factors are anticipated to contribute to the warehouse racking system market growth in Europe during the forecast years.

COMPETITIVE INSIGHTS

The top players operating in the market include Jungheinrich AG, Kardex Holding AG, 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