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Industrial Racking Systems Market Scope & Overview:

The Industrial Racking Systems Market size was estimated at USD11.1 Billion in 2022 and is expected to reach USD17.1 Billion by 2030 at a CAGR of 5.7% during the forecast period of 2023-2030.

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.

 Industrial Racking Systems Market Revenue Analysis

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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.

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

 Industrial Racking Systems Market Segmentation Analysis

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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.

Key Players

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.

Industrial Racking Systems Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 11.1  Bn
Market Size by 2030 US$ 17.1 Bn
CAGR  CAGR of 5.7% From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
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.

 

Frequently Asked Questions

The Industrial Racking Systems Market is expected to grow at 5.7% CAGR from 2023 to 2030.

According to our analysis, the Industrial Racking Systems Market is anticipated to reach USD 17.1 billion By 2030.

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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Secondary Research

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Primary Research

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Data Bank Validation

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