Global PCB Magazine Rack Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PCB Magazine Rack Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The PCB Magazine Rack is a rack for storing PCBs. PCB magazine racks are usually resistant to acid, alkali, oil, high temperature and static electricity. The PCB magazine rack storage PCBs is easy to clean, neatly stacked, and easy to manage. It is suitable for transportation, distribution, storage, circulation processing and other links in the factory.

Market Overview:

The latest research study on the global PCB Magazine Rack market finds that the global PCB Magazine Rack market reached a value of USD 254.98 million in 2022. It’s expected that the market will achieve USD 328.85 million by 2028, exhibiting a CAGR of 4.33% during the forecast period.

Influence of COVID-19 Outbreak on PCB Magazine Rack Industry Development

After the outbreak of COVID-19, many countries adopted strict lockdown measures, which caused great damage to the industrial and supply chains of many industries. Affected by COVID-19, many companies are affected, including the PCB magazine rack industry.

Firstly, COVID-19 has had an impact on the supply chain of PCB magazine racks. As many countries and regions have adopted strict lockdown measures against COVID-19, some companies have had to suspend production or reduce production capacity, which has led to insufficient supply of raw materials upstream of the PCB magazine rack. In addition, due to strict epidemic prevention measures, logistics and transportation efficiency are greatly reduced, which has a great impact on the input and output of PCB magazine racks and raw materials, which will affect the manufacturing and shipment rate of PCB magazine racks in the short term.

Secondly, COVID-19 has also affected the business model of the PCB magazine rack industry. COVID-19 has caused many factories to stop production, and some players' supply chains have been interrupted. In this case, many companies have begun to turn to e-commerce and build e-supply chains. Through the e-supply chain, companies can find alternative suppliers or downstream buyers on a global scale. In addition, the e-supply chain can easily manage the production, warehousing, and orders of companies. Under the outbreak of COVID-19, it has gradually become more Multi-enterprise choice. The PCB magazine rack industry is also turning more to the e-commerce model to reduce the losses caused by COVID-19.

Finally, COVID-19 has also prompted intelligent innovation in the PCB magazine rack industry. The main downstream application area of PCB magazine racks is the SMT production line. The SMT production line has been developing towards an intelligent integrated factory. Due to the impact of COVID-19, taking into account the protection of employees, the construction of the integrated chemical factory is a key trend in the development of the industry. In this case, the PCB magazine rack, as an important part of the SMT production line, also needs to be intelligently innovated to match the needs of the SMT intelligent factory.

As COVID-19 is gradually brought under control, all walks of life are gradually returning to normal. In the long run, PCB magazine racks industry will also continue to develop.

Limitations

At present, PCB magazine racks can be divided into metal and plastic according to their materials. The design of PCB magazine racks can be simple or complex, which leads to low barriers to entry in the PCB magazine rack industry. The PCB magazine rack industry has developed to the present, there are a large number of small and medium-sized enterprises with weak comprehensive strength in the market. A large number of small and medium-sized enterprises have ignored the intelligent technology research and development and product improvement of PCB magazine racks in order to seize market share. Consumer experience is difficult to guarantee. Due to the low entry barriers of the PCB magazine rack industry and the large number of market participants, it is not ruled out that some companies will engage in vicious price wars, which will lead to vicious competition. In addition, low-end PCB magazine racks ignore product innovation, and the market is homogenous. Some low-end PCB magazine racks have similar product types, purchase processes, and rack formats, except for brand trademarks, and the industry is becoming increasingly competitive. Companies in the PCB magazine rack industry lack innovation and it is difficult to form differentiated competition, resulting in low consumer sensitivity to corporate brands and a high risk of companies being replaced. Therefore, the PCB magazine rack industry has low barriers to entry and market homogeneity will restrict the development of the industry.
With the development of the global economy, the globalization of supply chains has become a trend in various industries. The globalization of the supply chain can help companies reduce costs, gain greater market volume, and more potential customers. However, under the globalization of the supply chain, there may be trade barriers. In some countries and regions, if domestic industries cannot compete with foreign industries, the government will restrict trade to help domestic industries develop. For example, governments may also restrict trade to promote domestic business, rather than encouraging companies to move out of the country. These trade protectionist policies encourage domestic industrial development. For the PCB magazine rack industry, the Asia-Pacific region has a mature supply chain and cheap labor, making the price of PCB magazine racks in the Asia-Pacific region may be cheaper, which may encounter trade barriers. For example, in the U.S.-China trade war that began in 2018, the Chinese and U.S. governments have imposed tariffs on many commodities, and PCB magazine racks are also levying tariffs. This will affect the PCB magazine rack trade between the two countries. PCB Magazine rack players may also choose other markets besides these two foreign countries. With the development of economic globalization, it is uncertain whether any country will protect the PCB magazine rack industry in the future. These possible trade barriers will limit the development of the PCB magazine rack industry supply chain globalization.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

NIX is one of the major players operating in the PCB Magazine Rack market, holding a share of 4.42% in 2020.

NIX plans, manufactures, and sells plastic parts and fasteners mainly for electronic, electrical, and telecommunications industries. The Company also manufactures magazine racks and labels.

Tensho is a Japan-based company mainly engaged in the manufacture and sale of automotive parts, logistics industry materials, mechanical parts and molds, as well as the real estate-related businesses.

Segmentation Overview:

By type, Metal segment accounted for the largest share of market in 2022.

Application Overview:

By application, the SMT Production Line segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PCB Magazine Rack market covered in Chapter 3:

Valtech Solution PteLtd
CAB Produkttechnik GmbH
Tensho
SOUP ESD
NTC
Shenzhen Gemisky Technology Co., Ltd.
MEC Industries
Fancort
Suzhou Quanjuda Purification Technology Co., Ltd.
Zhejiang Conco Antistatic Technology Co., Ltd
FKN Systek
Guangzhou Hui Bo Technologies co., Ltd
Sanwei
MIKI-PLASTIK GmbH
Weidinger
NIX
Eurostad
Shenzhen Eles Technology Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the PCB Magazine Rack market from 2018 to 2029 is primarily split into:

Metal
Plastic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PCB Magazine Rack market from 2018 to 2029 covers:

SMT Production Line
Computer Room
Electronic Component Maintenance Room
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)