Pune, India, March 03, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global warehouse racking market was worth USD 8.49 billion in 2020 and is anticipated to record a CAGR of 3.70% during 2021-2027 to accrue a valuation of USD 10.9 billion by the year 2027.
As per the report, overall market space is assessed based on product terrain and application scope. The document also presents a comprehensive overview of the key geographies, including North America, Europe, Asia Pacific, Latin America, and Rest of the World. In addition, it also elaborates on the competitive landscape by enlisting the key players and their product portfolio, while discussing the strategies adopted by these firms to gain an edge in the industry.
The expansion of the industry is attributed to widespread product incorporation due to rising demand for demand for systematic storage. Furthermore, focus on minimizing the cases of food-borne diseases, increasing awareness about food safety, and surging government investments in simple material handling operations are expected to augment the industry share during the forecast period.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/4566270/
However, complex management systems, and expensive implementation costs may stifle the marketplace during 2021-2027.
Market segment overview:
Based on the product scope, worldwide warehouse racking industry is divided into cantilever, pallet flow, push back, drive-in, selective pallets, and others. In terms of application ambit, the market is branched into manufacturing, packaging, automotive, food & beverage, retail, and others.
Regional scope:
The latest trends are studied across North America (U.S., Canada), Europe (UK, Germany, Italy, Spain, France), Asia Pacific (India, China, Japan, South Korea, Australia), Latin America (Brazil, Mexico,), and rest of the World to better understand the market potential over the analysis timeframe.
As per the reliable estimates, North America market holds a significant revenue share at present, due to the flourishing e-commerce sector, and increasing construction activities for building warehouses.
Whereas, Europe industry is slated to grow substantially during 2021-2027, owing to surging improvements and breakthroughs in automated warehousing.
Competitive dashboard:
Toyota Industries Corporation, Dematic, SSI SCHÄFER, AK Material Handling Systems, Jungheinrich AG, Emrack International, Hannibal Industries, Inc., Kardex Group, Mecalux, and Daifuku Co. Ltd. are the major players influencing the worldwide warehouse racking industry trends. These behemoths are undertaking strategies like mergers & acquisitions, collaborations & partnerships, and innovative launches to strengthen their position in the market.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.marketstudyreport.com/reports/global-warehouse-racking-market-size-research
Global Warehouse Racking Market, by Product (Revenue, USD Billion, 2018-2027)
- Cantilever
- Pallet Flow
- Push Back
- Drive-In
- Selective Pallets
- Others
Global Warehouse Racking Market, by Application (Revenue, USD Billion, 2018-2027)
- Manufacturing
- Packaging
- Automotive
- Food & Beverage
- Retail
- Others
Global Warehouse Racking Market, Geographical Fragmentation (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific
- India
- China
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
Rest of the World
Global Warehouse Racking Market, Company Profiles (Revenue, USD Billion, 2018-2027)
- Toyota Industries Corporation
- Dematic
- SSI SCHÄFER
- AK Material Handling Systems
- Jungheinrich AG
- Emrack International
- Hannibal Industries, Inc.
- Kardex Group
- Mecalux
- Daifuku Co. Ltd.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Warehouse Racking Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Warehouse Racking Market, by Product, 2019-2027 (USD Billion)
1.2.3. Global Warehouse Racking Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Warehouse Racking Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Warehouse Racking Market Dynamics
3.1. Warehouse Racking Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for systematic storage
3.1.1.2. Increasing awareness about the warehouse racking market
3.1.2. Market Challenges
3.1.2.1. Complex management and high deployment cost
3.1.3. Market Opportunities
3.1.3.1. Increasing government investment in easy material handling processes
Chapter 4. Global Warehouse Racking Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Warehouse Racking Market, by Product
6.1. Market Snapshot
6.2. Global Warehouse Racking Market by Product, Performance - Potential Analysis
6.3. Global Warehouse Racking Market Estimates & Forecasts by Product, 2018-2027 (USD Billion)
6.4. Warehouse Racking Market, Sub Segment Analysis
6.4.1. Selective Pallets
6.4.2. Drive-in
6.4.3. Push Back
6.4.4. Pallet Flow
6.4.5. Cantilever
6.4.6. Others
Chapter 7. Global Warehouse Racking Market, by Application
7.1. Market Snapshot
7.2. Global Warehouse Racking Market by Application, Performance - Potential Analysis
7.3. Global Warehouse Racking Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
7.4. Warehouse Racking Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Food & Beverage
7.4.3. Retail
7.4.4. Packaging
7.4.5. Manufacturing
7.4.6. Others
Chapter 8. Global Warehouse Racking Market, Regional Analysis
Related Report:
Global IoT in Warehouse Management Market Size study and Regional Forecasts 2021-2027
Global IoT in Warehouse Management Market to reach USD 8.57 billion by 2027.Global IoT in Warehouse Management Market to reach USD 8.57 billion by 2027. IoT in Warehouse Management refers to use of applications and tracking solution to enhance overall efficiency of warehouse and transportation. Implementation of the Internet of Things (IoT) in warehousing is substantial. It provides visibility into the supply chain from the ordering of materials till the shipment reaches the end customer. Growing demand for application of connected devices in warehouse management and growing logistics and transportation market are the key drivers for growth of IoT application in warehouse Management. As per Statista In 2020, the global logistics market was worth almost USD 8.6 trillion with USD 3.9 trillion in size, the logistics market in the Asia Pacific region is the largest globally and North America was the second largest region in that year, accounting for approximately USD two trillion.
About US:
Market Study Report is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.
