The Industrial Racking Systems Market size was estimated at USD 11.61 Billion in 2023 and is expected to reach USD 18.02 Billion by 2031 at a CAGR of 5.58 % during the forecast period of 2024-2031.
The growing number of warehouses throughout the world is driving the industrial rack system market. The warehousing industry is expanding as a result of technological advancements in industrial rack systems. Racking systems are used for storage in industries. The use of industrial racking solutions has lowered the number of fatalities in the warehousing business. These racking systems are also used to reduce product stacking errors and repetitive motion injuries. The global market is expected to grow as production and retail outlet units expand.
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Furthermore, the logistics industry, which includes a critical industrial racking system, is rapidly developing across the world. The logistics business is one of the world's largest and fastest-growing industrial racking systems industries—customers like some industrial racking systems for their ease of installation and high capacity. Selective pallet racking systems are a type of racking system that offers pallet storage capacity at a low per-square-meter racking cost. Selective racking systems allow for first-in, first-out (FIFO) inventory management. Using a FIFO inventory management method, consumers may access any pallet in the storage, thereby driving the market's expansion.
MARKET DYNAMICS
DRIVERS
The expansion of enterprises that rely on warehousing and storage solutions, such as e-commerce, manufacturing, and logistics, has a direct influence on demand for industrial racking systems.
Demographic trends such as urbanization and population density have an impact on warehouse location and size, as well as the need for racking solutions.
RESTRAIN
Strict safety requirements and standards for racking system design and installation influence the industry. Compliance with safety regulations is critical for both producers and consumers.
Sustainability standards may encourage the use of environmentally friendly materials and methods in the design and manufacture of racking systems.
OPPORTUNITY
Automation and robotics technologies present chances for combining innovative and automated racking systems, enhancing warehouse operations.
Specialization and customization The need for customized racking solutions for certain sectors (e.g., automotive, pharmaceuticals) creates potential for niche market producers.
Global Growth As organizations develop worldwide, there is a rising need in new countries for effective storage solutions, providing prospects for international expansion.
CHALLENGES
Rapid technological changes may necessitate organizations to adapt and invest in R&D to remain competitive.
Meeting sustainability objectives can be challenging, especially for businesses that need to convert or replace old racking systems with more ecologically friendly alternatives.
Economic downturns can cause firms to curtail capital expenditures, impacting demand for new rack systems.
IMPACT OF RUSSIA-UKRAINE WAR
Economic confidence has dropped. Geopolitical disputes can erode economic confidence, resulting in lower company investments and capital expenditures. This might have an impact on demand for industrial racking systems if businesses postpone or cut back on their growth ambitions. Governments may place export and import restrictions on specific items, including steel and other materials needed in the manufacture of industrial racking systems. These limitations have the potential to disrupt supply networks and raise prices. Regional Market Variations The war's influence may differ by location. Countries closer to the war zone or more reliant on Russian and Ukrainian resources, for example, may see greater interruptions than those further away. This might lead to inconsistencies in the industrial racking industry. Humanitarian concerns and ethical issues may also be relevant. Some businesses may opt to avoid doing business with conflict-related entities or to support humanitarian operations, which may impact their supply chain decisions.
IMPACT OF ONGOING RECESSION
Disruptions in the Supply Chain Recessions have the potential to disrupt global supply networks, reducing the availability of raw materials and components used in the production of industrial racking systems. Manufacturers may face delays and additional expenses as a result of this. Concentrate on efficiency. Companies frequently prioritize efficiency and cost reduction during recessions. As a result, there may be greater interest in storage solutions that maximize space utilization and enhance warehouse efficiency, which may drive demand for certain types of industrial racking systems developed for these goals. Effects vary by industry. The impact of a recession on the industrial racking systems market varies by industry. During a recession, certain industries may undergo major reductions, while others may stay relatively steady or even enjoy rising demand.
By System Type
Cantilever Racking System
Drive-in or Drive-thru Racking System
Selective Racking System
Push Back Racking System
Others
By Industrial Vertical
Retail
Manufacturing
Packaging
Food and Beverages
Pharmaceuticals
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
During the forecast period, the food and beverage and retail industries are expected to account for significant consumption of shelving techniques in the Asia-Pacific region. Furthermore, the massive population growth rates in China and India are predicted to increase demand for processed goods and enhance the retail sector in these nations, positively impacting the storage rack market.
India, the world's fastest-expanding economy, is projected to make significant investments in the e-commerce and manufacturing sectors. Local government measures, in particular, are anticipated to encourage the shift of low-cost manufacturing to Southeast Asia and portions of Africa. As supply chains modernize, new transportation routes will open up new opportunities in the logistics sector.
The major Key players are Ridg-U-Rak Inc., Kardex, Averys SA, SSI Schaefer, Gonvarri Material Handling, PROMAN, S.r., AR Racking, ARPAC, North American Steel Equipment Inc., AK Material Handling Systems, and Other Players
Kardex-Company Financial Analysis
RECENT DEVELOPMENT
Kardex: In April 2022, German e-commerce business Arbeitsschutz-Express, Kardex created the world's first auto store system in conjunction with the R5 solution. This unique solution enabled Arbeitsschutz-Express to manage rising client orders with ease. This approach also enhances e-commerce enterprises' warehouse area use. The R5 robots utilized in the system make operations quick and efficient. This will increase Arbeitsschutz-Express's total operating growth.
Rocket Solutions: In August 2022, Kardex, a manufacturer of racking solutions, acquired shares in Rocket Solutions, a startup that develops the most recent standardized, revolutionary autonomous storage and retrieval systems. Kardex is entering and growing its portfolio in the storage and transfer of light goods materials with these strategic operations. This acquisition also assists Kardex in properly implementing LoT.
| Report Attributes | Details |
| Market Size in 2023 | US$ 11.61 Bn |
| Market Size by 2031 | US$ 18.02 Bn |
| CAGR | CAGR of 5.58 % From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By System Type (Cantilever Racking System, Drive-in or Drive-thru Racking System, Selective Racking System, Push Back Racking System, Others) • By Industrial Vertical (Retail, Manufacturing, Packaging, Food and Beverages, Pharmaceuticals, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Ridg-U-Rak Inc., Kardex, Averys SA, SSI Schaefer, Gonvarri Material Handling, PROMAN, S.r., AR Racking, ARPAC, North American Steel Equipment Inc., AK Material Handling Systems |
| Key Drivers | • The expansion of enterprises that rely on warehousing and storage solutions, such as e-commerce, manufacturing, and logistics, has a direct influence on demand for industrial racking systems. • Demographic trends such as urbanization and population density have an impact on warehouse location and size, as well as the need for racking solutions. |
| Market Restrain | • Strict safety requirements and standards for racking system design and installation have an influence on the industry. Compliance with safety regulations is critical for both producers and consumers. • Sustainability standards may encourage the use of environmentally friendly materials and methods in the design and manufacture of racking systems. |
The Industrial Racking Systems Market is expected to grow at 5.58% CAGR from 2024 to 2031.
According to our analysis, the Industrial Racking Systems Market is anticipated to reach USD 18.02 billion By 2031.
Ans: The primary market driver is the rising demand for industrial racking systems in the logistics and e-commerce sectors.
The leading participants in the Ridg-U-Rak Inc., Kardex, Averys SA, SSI Schaefer, Gonvarri Material Handling, PROMAN, S.r., AR Racking, ARPAC.
Yes, you may request customization based on your company's needs.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Racking Systems Market, By System Type
8.1 Cantilever Racking System
8.2 Drive-in or Drive-thru Racking System
8.3 Selective Racking System
8.4 Push Back Racking System
8.5 Others
9. Industrial Racking Systems Market, By Industrial Vertical
9.1 Retail
9.2 Manufacturing
9.3 Packaging
9.4 Food and Beverages
9.5 Pharmaceuticals
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Industrial Racking Systems Market, by Country
10.2.2North America Industrial Racking Systems Market, By System Type
10.2.3 North America Industrial Racking Systems Market, By Industrial Vertical
10.2.4 USA
10.2.4.1 USA Industrial Racking Systems Market, By System Type
10.2.4.2 USA Industrial Racking Systems Market, By Industrial Vertical
10.2.5 Canada
10.2.5.1 Canada Industrial Racking Systems Market, By System Type
10.2.5.2 Canada Industrial Racking Systems Market, By Industrial Vertical
10.2.6 Mexico
10.2.6.1 Mexico Industrial Racking Systems Market By System Type
10.2.6.2 Mexico Industrial Racking Systems Market By Industrial Vertical
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Industrial Racking Systems Market by Country
10.3.1.2 Eastern Europe Industrial Racking Systems Market By System Type
10.3.1.3 Eastern Europe Industrial Racking Systems Market By Industrial Vertical
10.3.1.4 Poland
10.3.1.4.1 Poland Industrial Racking Systems Market By System Type
10.3.1.4.2 Poland Industrial Racking Systems Market By Industrial Vertical
10.3.1.5 Romania
10.3.1.5.1 Romania Industrial Racking Systems Market By System Type
10.3.1.5.2 Romania Industrial Racking Systems Market By Industrial Vertical
10.3.1.6 Hungary
10.3.1.6.1 Hungary Industrial Racking Systems Market By System Type
10.3.1.6.2 Hungary Industrial Racking Systems Market By Industrial Vertical
10.3.1.7 Turkey
10.3.1.7.1 Turkey Industrial Racking Systems Market By System Type
10.3.1.7.2 Turkey Industrial Racking Systems Market By Industrial Vertical
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Industrial Racking Systems Market By System Type
10.3.1.8.2 Rest of Eastern Europe Industrial Racking Systems Market By Industrial Vertical
10.3.2 Western Europe
10.3.2.1 Western Europe Industrial Racking Systems Market by Country
10.3.2.2 Western Europe Industrial Racking Systems Market By System Type
10.3.2.3 Western Europe Industrial Racking Systems Market By Industrial Vertical
10.3.2.4 Germany
10.3.2.4.1 Germany Industrial Racking Systems Market By System Type
10.3.2.4.2 Germany Industrial Racking Systems Market By Industrial Vertical
10.3.2.5 France
10.3.2.5.1 France Industrial Racking Systems Market By System Type
10.3.2.5.2 France Industrial Racking Systems Market By Industrial Vertical
10.3.2.6 UK
10.3.2.6.1 UK Industrial Racking Systems Market By System Type
10.3.2.6.2 UK Industrial Racking Systems Market By Industrial Vertical
10.3.2.7 Italy
10.3.2.7.1 Italy Industrial Racking Systems Market By System Type
10.3.2.7.2 Italy Industrial Racking Systems Market By Industrial Vertical
10.3.2.8 Spain
10.3.2.8.1 Spain Industrial Racking Systems Market By System Type
10.3.2.8.2 Spain Industrial Racking Systems Market By Industrial Vertical
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Industrial Racking Systems Market By System Type
10.3.2.9.2 Netherlands Industrial Racking Systems Market By Industrial Vertical
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Industrial Racking Systems Market By System Type
10.3.2.10.2 Switzerland Industrial Racking Systems Market By Industrial Vertical
10.3.2.11 Austria
10.3.2.11.1 Austria Industrial Racking Systems Market By System Type
10.3.2.11.2 Austria Industrial Racking Systems Market By Industrial Vertical
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Industrial Racking Systems Market By System Type
10.3.2.12.2 Rest of Western Europe Industrial Racking Systems Market By Industrial Vertical
10.4 Asia-Pacific
10.4.1 Asia Pacific Industrial Racking Systems Market by Country
10.4.2 Asia Pacific Industrial Racking Systems Market By System Type
10.4.3 Asia Pacific Industrial Racking Systems Market By Industrial Vertical
10.4.4 China
10.4.4.1 China Industrial Racking Systems Market By System Type
10.4.4.2 China Industrial Racking Systems Market By Industrial Vertical
10.4.5 India
10.4.5.1 India Industrial Racking Systems Market By System Type
10.4.5.2 India Industrial Racking Systems Market By Industrial Vertical
10.4.6 Japan
10.4.6.1 Japan Industrial Racking Systems Market By System Type
10.4.6.2 Japan Industrial Racking Systems Market By Industrial Vertical
10.4.7 South Korea
10.4.7.1 South Korea Industrial Racking Systems Market By System Type
10.4.7.2 South Korea Industrial Racking Systems Market By Industrial Vertical
10.4.8 Vietnam
10.4.8.1 Vietnam Industrial Racking Systems Market By System Type
10.4.8.2 Vietnam Industrial Racking Systems Market By Industrial Vertical
10.4.9 Singapore
10.4.9.1 Singapore Industrial Racking Systems Market By System Type
10.4.9.2 Singapore Industrial Racking Systems Market By Industrial Vertical
10.4.10 Australia
10.4.10.1 Australia Industrial Racking Systems Market By System Type
10.4.10.2 Australia Industrial Racking Systems Market By Industrial Vertical
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Industrial Racking Systems Market By System Type
10.4.11.2 Rest of Asia-Pacific Industrial Racking Systems Market By Industrial Vertical
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Industrial Racking Systems Market by Country
10.5.1.2 Middle East Industrial Racking Systems Market By System Type
10.5.1.3 Middle East Industrial Racking Systems Market By Industrial Vertical
10.5.1.4 UAE
10.5.1.4.1 UAE Industrial Racking Systems Market By System Type
10.5.1.4.2 UAE Industrial Racking Systems Market By Industrial Vertical
10.5.1.5 Egypt
10.5.1.5.1 Egypt Industrial Racking Systems Market By System Type
10.5.1.5.2 Egypt Industrial Racking Systems Market By Industrial Vertical
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Industrial Racking Systems Market By System Type
10.5.1.6.2 Saudi Arabia Industrial Racking Systems Market By Industrial Vertical
10.5.1.7 Qatar
10.5.1.7.1 Qatar Industrial Racking Systems Market By System Type
10.5.1.7.2 Qatar Industrial Racking Systems Market By Industrial Vertical
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Industrial Racking Systems Market By System Type
10.5.1.8.2 Rest of Middle East Industrial Racking Systems Market By Industrial Vertical
10.5.2 Africa
10.5.2.1 Africa Industrial Racking Systems Market by Country
10.5.2.2 Africa Industrial Racking Systems Market By System Type
10.5.2.3 Africa Industrial Racking Systems Market By Industrial Vertical
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Industrial Racking Systems Market By System Type
10.5.2.4.2 Nigeria Industrial Racking Systems Market By Industrial Vertical
10.5.2.5 South Africa
10.5.2.5.1 South Africa Industrial Racking Systems Market By System Type
10.5.2.5.2 South Africa Industrial Racking Systems Market By Industrial Vertical
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Industrial Racking Systems Market By System Type
10.5.2.6.2 Rest of Africa Industrial Racking Systems Market By Industrial Vertical
10.6 Latin America
10.6.1 Latin America Industrial Racking Systems Market by Country
10.6.2 Latin America Industrial Racking Systems Market By System Type
10.6.3 Latin America Industrial Racking Systems Market By Industrial Vertical
10.6.4 Brazil
10.6.4.1 Brazil Industrial Racking Systems Market By System Type
10.6.4.2 Brazil Industrial Racking Systems Market By Industrial Vertical
10.6.5 Argentina
10.6.5.1 Argentina Industrial Racking Systems Market By System Type
10.6.5.2 Argentina Industrial Racking Systems Market By Industrial Vertical
10.6.6 Colombia
10.6.6.1 Colombia Industrial Racking Systems Market By System Type
10.6.6.2 Colombia Industrial Racking Systems Market By Industrial Vertical
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Industrial Racking Systems Market By System Type
10.6.7.2 Rest of Latin America Industrial Racking Systems Market By Industrial Vertical
11. Company Profile
11.1 Ridg-U-Rak Inc.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Kardex
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 SSI Schaefer
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Gonvarri Material Handling
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 PROMAN
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 AR Racking
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 ARPAC
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 North American Steel Equipment Inc.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 AK Material Handling Systems
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Averys SA
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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