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REPORT SCOPE & OVERVIEW:

The Pallet Racking Market size was USD 11103.90 million in 2022 and is expected to Reach USD 18376.91 million by 2030 and grow at a CAGR of 6.5% over the forecast period of 2023-2030.

In 2022 the selective pallet product category accounted for more than 44.45% of global revenues, which represented a dominant position in this sector. The system has an affordable design with a large selection of sizes and accessories, making it an excellent choice for standard storage and utility services. Moreover, it is likely that this segment will benefit from the increasing consumption of products in all application sectors.

Pallet Racking Market Revenue Analysis

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Due to the increase in the number of warehouses, supermarkets, hypermarkets and others, the retail application segment led the industry in 2022 and accounted for more than 34.35% of global revenue. Furthermore, the optimal use of different types of racks allows efficient space allocation and product alignment for retailers' warehouses.

Major factors driving growth in the market are an increase in imports and exports between various economic sectors, as well as a rise in labour costs. In addition, the market is supported by the various developments of key players. Indeed, Mecalux S.A. has set up a new computerised warehouse in the United Kingdom of Yamazaki Mazak that can store as many as 60 containers with an average weight of 500 kg per container.

MARKET DYNAMICS

KEY DRIVERS:

  • Rapid expansion of the e-commerce sector is giving boom to the market

By 2022, the global market for online shopping will have reached US$ 16.6 trillion. There is a growing need for effective warehousing solutions as the volume of e commerce increases rapidly. Pallet track systems are essential for E-commerce operations, making it possible to use more horizontal space and streamline the order fulfilment process.

  • There is a need for more storage space in the context of urban development and industry growth.

RESTRAIN:

  • Rising cost of investments

The introduction of pallet racking systems involves significant upfront costs, which may be a challenge for businesses with restricted capital budgets, in particular smaller ones.

OPPORTUNITY:

  • The growth of vertical farming and urban agriculture

It is possible to develop specific pallet racking systems for vertical growing in order to support the emergence of this sector, as urbanization and vertical agriculture gain momentum.

CHALLENGES:

  • Safety Concerns is a major challenge to deal with.

A major challenge is to ensure that the pallet rack system is installed, maintained and used safely. Accident, injury and potential liability may be caused if safety standards are not complied with.

IMPACT OF RUSSIAN UKRAINE WAR

The war caused the price of steel, the main component of pallet racks, to skyrocket. As of March 8, 2022, the price of hot rolled coil has increased by 45% since the start of the war. War also disrupted supply chains, making it harder and more expensive to source materials for pallet racking. Due to these factors, pallet racking prices have increased by an average of 20% since the beginning of the war. This makes it more difficult for businesses to buy pallet racking and leads to a decrease in demand for this product. In the first quarter of 2022, global pallet racking sales decreased by 10% compared to the same period in 2021. The war is expected to continue to negatively impact the pallet racking market in the coming months.

Overall, the war between Russia and Ukraine is having a significant negative impact on the pallet racking market. Steel prices soar, supply chains are disrupted and demand falls. This will continue in the coming months.

IMPACT OF ONGOING RECESSION

The economic downturn has led to a decline in economic activity, which reduces the demand for pallet racking. Businesses are less likely to invest in new pallet racking when facing financial difficulties. As a result, the global pallet racking market is expected to decline by 3% in 2023.

This decline will be more pronounced in developed markets, where the economic downturn is having a greater impact.

In the United States, for example, the pallet racking market is expected to decline by 5% by 2023.

KEY MARKET SEGMENTS

By System

  • Mobile Racking

  • Hybrid/Customized Racking

  • Conventional

  • Shuttle Racking

By System Racking Type

  • Selective Racking

  • Pallet Flow Racking

  • Cantilever Racking

  • Carton Flow Racking

  • Drive-In Racking

  • Push Back Racking

Drive-in Racking sales is around 33 % in the year 2022. The dominance of this segment is expected to grow at the pace of 3 % over the projection period.

By Frame Load Capacity

  • 0-5 ton

  • 5-15 ton

  • More Than 15 ton

By End Use

  • Food & Beverage

  • Manufacturing

  • Retail

  • Automotive

  • Warehouse

Pallet Racking Market Segmentation Analysis

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REGIONAL ANALYSIS

North America is the dominating market for the pallet racking. The total market share North America holds is around USD 4792.5 million in the year 2022 and is expected to dominate over the forecast period. The presence of major e-commerce hubs such as Walmart and Amazonis giving boost to the market in the region. The market is expected to increase by 13% in the United States.

Europe is holding the second largest market share for the pallet Racking market. There is a rising demand from the end use industries such as automotive, food and beverage, over the forecast period. The shift in consumer preference and rising warehousing activities is significantly rising the demand for the Pallet Racking market over the projection period. Garmany is holding the major market share in the region whereas UK is the fastest growing market over the forecast period. The UK market is expected to grow with the growth rate of 3%.

Asia Pacific region is expected to grow significantly over the projection period. Rising population is expected to boost the retail market in this region as well as favourable goods which require pallet racking. India, which is rising economy is expected to make significant investments in future towards e-commerce sector, which will give rise to the market.

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 Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America  

Key players

Some major key players in the Pallet Racking market are Mecalux, Daifuku, Elite Storage Solutions, Advance Storage Products, Steel King, Hannibal Industries, AR Racking, Unarco Material Handling, Averys, Kion Group and other players.

Elite Storage Solutions-Company Financial Analysis

RECENT DEVELOPMENT

  • In March 2023, For warehouse automation solution, Maersk tests BionicHIVE.

  • In the South, U.S. Pallet Racks Inc. has been established as Nucor Warehouse System's main stocking distributor and a provider of pallet containers and material handling equipment.

Pallet Racking Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 11103.90 Mn
Market Size by 2030  US$ 18376.91 Mn
CAGR   CAGR of 6.5 % 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 (Mobile Racking, Hybrid/Customized Racking, Conventional, Shuttle Racking)
• by System Racking Type (Selective Racking, Pallet Flow Racking, Cantilever Racking, Carton Flow Racking, Drive-In Racking, Push Back Racking)
• by Frame Load Capacity (0-5 ton, 5-15 ton, More Than 15 ton)
• by End Use (Food & Beverage, Manufacturing, Retail, Automotive, Warehouse)
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 Mecalux, Daifuku, Elite Storage Solutions, Advance Storage Products, Steel King, Hannibal Industries, AR Racking, Unarco Material Handling, Averys, Kion Group
Key Drivers • Rapid expansion of the e-commerce sector is giving boom to the market
• There is a need for more storage space in the context of urban development and industry growth.
Market Opportunities • The growth of vertical farming and urban agriculture

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Pallet Racking Market over the forecast period is 6.5 %.

Ans. The Compound Annual Growth rate for Pallet Racking Market over the forecast period is 6.5 %.

Ans. USD 18376.91 Million is the projected Pallet Racking market size of market by 2030.

Ans. North America is the dominating and the fastest growing region of the Pallet Racking Market.

Ans. The major key players are Mecalux, Daifuku, Elite Storage Solutions, Advance Storage Products.

Ans. Rapid expansion of the e-commerce sector is giving boom to the market.

TABLE OF CONTENT

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

4.3 Supply Demand Gap Analysis

5. Value Chain Analysis

 

6. Porter’s 5 forces model

7. PEST Analysis

8. Pallet Racking Market Segmentation, by System

8.1 Mobile Racking

8.2 Hybrid/Customized Racking

8.3 Conventional

8.4 Shuttle Racking

9. Pallet Racking Market Segmentation, by System Racking Type

9.1 Selective Racking

9.2 Pallet Flow Racking

9.3 Cantilever Racking

9.4 Carton Flow Racking

9.5 Drive-In Rackin

9.6 Push Back Racking

10. Pallet Racking Market Segmentation, by Frame Load Capacity

10.1 0-5 ton

10.2 5-15 ton

10.3 More Than 15 ton

11. Pallet Racking Market Segmentation, by End Use

10.1 Food & Beverage

10.2 Manufacturing

10.3 Retail

10.4 Automotive

10.5 Warehouse

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 North America Pallet Racking Market by Country

12.2.2North America Pallet Racking Market by System

12.2.3 North America Pallet Racking Market by System Racking Type

12.2.4 North America Pallet Racking Market by Frame Load Capacity

12.2.5 North America Pallet Racking Market by End Use

12.2.6 USA

12.2.6.1 USA Pallet Racking Market by System

12.2.6.2 USA Pallet Racking Market by System Racking Type

12.2.6.3 USA Pallet Racking Market by Frame Load Capacity

12.2.6.4 USA Pallet Racking Market by End Use

12.2.7 Canada

12.2.7.1 Canada Pallet Racking Market by System

12.2.7.2 Canada Pallet Racking Market by System Racking Type

12.2.7.3 Canada Pallet Racking Market by Frame Load Capacity

12.2.7.4 Canada Pallet Racking Market by End Use

12.2.8 Mexico

12.2.8.1 Mexico Pallet Racking Market by Raw Frame Load Capacity

12.2.8.2 Mexico Pallet Racking Market by System Racking Type

12.2.8.3 Mexico Pallet Racking Market by Frame Load Capacity

12.2.8.4 Mexico Pallet Racking Market by End Use

12.3 Europe

12.3.1 Eastern Europe

12.3.1.1 Eastern Europe Pallet Racking Market by Country

12.3.1.2 Eastern Europe Pallet Racking Market by System

12.3.1.3 Eastern Europe Pallet Racking Market by System Racking Type

12.3.1.4 Eastern Europe Pallet Racking Market by Frame Load Capacity

12.3.1.5 Eastern Europe Pallet Racking Market by End Use

12.3.1.6 Poland

 12.3.1.6.1 Poland Pallet Racking Market by System

12.3.1.6.2 Poland Pallet Racking Market by System Racking Type

12.3.1.6.3 Poland Pallet Racking Market by Frame Load Capacity

12.3.1.6.4 Poland Pallet Racking Market by End Use

12.3.1.7 Romania

12.3.1.7.1 Romania Pallet Racking Market by System

12.3.1.7.2 Romania Pallet Racking Market by System Racking Type

12.3.1.7.3 Romania Pallet Racking Market by Frame Load Capacity

12.3.1.7.4 Romania Pallet Racking Market by End Use

12.3.1.8 Hungary

12.3.1.8.1 Hungary Pallet Racking Market by System

12.3.1.8.2 Hungary Pallet Racking Market by System Racking Type

12.3.1.8.3 Hungary Pallet Racking Market by Frame Load Capacity

12.3.1.8.4 Hungary Pallet Racking Market by End Use

12.3.1.9 Turkey

12.3.1.9.1 Turkey Pallet Racking Market by System

12.3.1.9.2 Turkey Pallet Racking Market by System Racking Type

12.3.1.9.3 Turkey Pallet Racking Market by Frame Load Capacity

12.3.1.9.4 Turkey Pallet Racking Market by End Use

12.3.1.10 Rest of Eastern Europe

12.3.1.10.1 Rest of Eastern Europe Pallet Racking Market by System

12.3.1.10.2 Rest of Eastern Europe Pallet Racking Market by System Racking Type

12.3.1.10.3 Rest of Eastern Europe Pallet Racking Market by Frame Load Capacity

12.3.1.10.4 Rest of Eastern Europe Pallet Racking Market by End Use

12.3.2 Western Europe

12.3.2.1 Western Europe Pallet Racking Market by Country

12.3.2.2 Western Europe Pallet Racking Market by System

12.3.2.3 Western Europe Pallet Racking Market by System Racking Type

12.3.2.4 Western Europe Pallet Racking Market by Frame Load Capacity

12.3.2.5 Western Europe Pallet Racking Market by End Use

12.3.2.6 Germany

12.3.2.6.1 Germany Pallet Racking Market by System

12.3.2.6.2 Germany Pallet Racking Market by System Racking Type

12.3.2.6.3 Germany Pallet Racking Market by Frame Load Capacity

12.3.2.6.4 Germany Pallet Racking Market by End Use

12.3.2.7 France

12.3.2.7.1 France Pallet Racking Market by System

12.3.2.7.2 France Pallet Racking Market by System Racking Type

12.3.2.7.3 France Pallet Racking Market by Frame Load Capacity

12.3.2.7.4 France Pallet Racking Market by End Use

12.3.2.8 UK

12.3.2.8.1 UK Pallet Racking Market by System

12.3.2.8.2 UK Pallet Racking Market by System Racking Type

12.3.2.8.3 UK Pallet Racking Market by Frame Load Capacity

12.3.2.8.4 UK Pallet Racking Market by End Use

12.3.2.9 Italy

12.3.2.9.1 Italy Pallet Racking Market by System

12.3.2.9.2 Italy Pallet Racking Market by System Racking Type

12.3.2.9.3 Italy Pallet Racking Market by Frame Load Capacity

12.3.2.9.4 Italy Pallet Racking Market by End Use

12.3.2.10 Spain

12.3.2.10.1 Spain Pallet Racking Market by System

12.3.2.10.2 Spain Pallet Racking Market by System Racking Type

12.3.2.10.3 Spain Pallet Racking Market by Frame Load Capacity

12.3.2.10.4 Spain Pallet Racking Market by End Use

12.3.2.11 Netherlands

12.3.2.11.1 Netherlands Pallet Racking Market by System

12.3.2.11.2 Netherlands Pallet Racking Market by System Racking Type

12.3.2.11.3 Netherlands Pallet Racking Market by Frame Load Capacity

12.3.2.11.4 Netherlands Pallet Racking Market by End Use

12.3.2.12 Switzerland

12.3.2.12.1 Switzerland Pallet Racking Market by System

12.3.2.12.2 Switzerland Pallet Racking Market by System Racking Type

12.3.2.12.3 Switzerland Pallet Racking Market by Frame Load Capacity

12.3.2.12.4 Switzerland Pallet Racking Market by End Use

12.3.2.13 Austria

12.3.2.13.1 Austria Pallet Racking Market by System

12.3.2.13.2 Austria Pallet Racking Market by System Racking Type

12.3.2.13.3 Austria Pallet Racking Market by Frame Load Capacity

12.3.2.13.4 Austria Pallet Racking Market by End Use

12.3.2.14 Rest of Western Europe

12.3.2.14.1 Rest of Western Europe Pallet Racking Market by System

12.3.2.14.2 Rest of Western Europe Pallet Racking Market by System Racking Type

12.3.2.14.3 Rest of Western Europe Pallet Racking Market by Frame Load Capacity

12.3.2.14.4 Rest of Western Europe Pallet Racking Market by End Use

12.4 Asia-Pacific

12.4.1 Asia Pacific Pallet Racking Market by Country

12.4.2 Asia Pacific Pallet Racking Market by System

12.4.3 Asia Pacific Pallet Racking Market by System Racking Type

12.4.4 Asia Pacific Pallet Racking Market by Frame Load Capacity

12.4.5 Asia Pacific Pallet Racking Market by End Use

12.4.6 China

12.4.6.1 China Pallet Racking Market by System

12.4.6.2 China Pallet Racking Market by System Racking Type

12.4.6.3 China Pallet Racking Market by Frame Load Capacity

12.4.6.4 China Pallet Racking Market by End Use 

12.4.7 India

12.4.7.1 India Pallet Racking Market by System

12.4.7.2 India Pallet Racking Market by System Racking Type

12.4.7.3 India Pallet Racking Market by Frame Load Capacity

12.4.7.4 India Pallet Racking Market by End Use

12.4.8 Japan

12.4.8.1 Japan Pallet Racking Market by System

12.4.8.2 Japan Pallet Racking Market by System Racking Type

12.4.8.3 Japan Pallet Racking Market by Frame Load Capacity

12.4.8.4 Japan Pallet Racking Market by End Use

12.4.9 South Korea

12.4.9.1 South Korea Pallet Racking Market by System

12.4.9.2 South Korea Pallet Racking Market by System Racking Type

12.4.9.3 South Korea Pallet Racking Market by Frame Load Capacity

12.4.9.4 South Korea Pallet Racking Market by End Use

12.4.10 Vietnam

12.4.10.1 Vietnam Pallet Racking Market by System

12.4.10.2 Vietnam Pallet Racking Market by System Racking Type

12.4.10.3 Vietnam Pallet Racking Market by Frame Load Capacity

12.4.10.4 Vietnam Pallet Racking Market by End Use

12.4.11 Singapore

12.4.11.1 Singapore Pallet Racking Market by System

12.4.11.2 Singapore Pallet Racking Market by System Racking Type

12.4.11.3 Singapore Pallet Racking Market by Frame Load Capacity

12.4.11.4 Singapore Pallet Racking Market by End Use

12.4.12 Australia

12.4.12.1 Australia Pallet Racking Market by System

12.4.12.2 Australia Pallet Racking Market by System Racking Type

12.4.12.3 Australia Pallet Racking Market by Frame Load Capacity

12.4.12.4 Australia Pallet Racking Market by End Use

12.4.13 Rest of Asia-Pacific

12.4.13.1 Rest of Asia-Pacific Pallet Racking Market by System

12.4.13.2 Rest of Asia-Pacific APAC Pallet Racking Market by System Racking Type

12.4.13.3 Rest of Asia-Pacific Pallet Racking Market by Frame Load Capacity

12.4.13.4 Rest of Asia-Pacific Pallet Racking Market by End Use

12.5 Middle East & Africa

12.5.1 Middle East

12.5.1.1 Middle East Pallet Racking Market by country

12.5.1.2 Middle East Pallet Racking Market by System

12.5.1.3 Middle East Pallet Racking Market by System Racking Type

12.5.1.4 Middle East Pallet Racking Market by Frame Load Capacity

12.5.1.5 Middle East Pallet Racking Market by End Use

12.5.1.6 UAE

12.5.1.6.1 UAE Pallet Racking Market by System

12.5.1.6.2 UAE Pallet Racking Market by System Racking Type

12.5.1.6.3 UAE Pallet Racking Market by Frame Load Capacity

12.5.1.6.4 UAE Pallet Racking Market by End Use

12.5.1.7 Egypt

12.5.1.7.1 Egypt Pallet Racking Market by System

12.5.1.7.2 Egypt Pallet Racking Market by System Racking Type

12.5.1.7.3 Egypt Pallet Racking Market by Frame Load Capacity

12.5.1.7.4 Egypt Pallet Racking Market by End Use

12.5.1.8 Saudi Arabia

12.5.1.8.1 Saudi Arabia Pallet Racking Market by System

12.5.1.8.2 Saudi Arabia Pallet Racking Market by System Racking Type

12.5.1.8.3 Saudi Arabia Pallet Racking Market by Frame Load Capacity

12.5.1.8.4 Saudi Arabia Pallet Racking Market by End Use

12.5.1.9 Qatar

12.5.1.9.1 Qatar Pallet Racking Market by System

12.5.1.9.2 Qatar Pallet Racking Market by System Racking Type

12.5.1.9.3 Qatar Pallet Racking Market by Frame Load Capacity

12.5.1.9.4 Qatar Pallet Racking Market by End Use

12.5.1.10 Rest of Middle East

12.5.1.10.1 Rest of Middle East Pallet Racking Market by System

12.5.1.10.2 Rest of Middle East Pallet Racking Market by System Racking Type

12.5.1.10.3 Rest of Middle East Pallet Racking Market by Frame Load Capacity

12.5.1.10.4 Rest of Middle East Pallet Racking Market by End Use

12.5.2. Africa

12.5.2.1 Africa Pallet Racking Market by country

12.5.2.2 Africa Pallet Racking Market by System

12.5.2.3 Africa Pallet Racking Market by System Racking Type

12.5.2.4 Africa Pallet Racking Market by Frame Load Capacity

12.5.2.5 Africa Pallet Racking Market by End Use

12.5.2.6 Nigeria

12.5.2.6.1 Nigeria Pallet Racking Market by System

12.5.2.6.2 Nigeria Pallet Racking Market by System Racking Type

12.5.2.6.3 Nigeria Pallet Racking Market by Frame Load Capacity

12.5.2.6.4 Nigeria Pallet Racking Market by End Use

12.5.2.7 South Africa

12.5.2.7.1 South Africa Pallet Racking Market by System

12.5.2.7.2 South Africa Pallet Racking Market by System Racking Type

12.5.2.7.3 South Africa Pallet Racking Market by Frame Load Capacity

12.5.2.7.4 South Africa Pallet Racking Market by End Use

12.5.2.8 Rest of Africa

12.5.2.8.1 Rest of Africa Pallet Racking Market by System

12.5.2.8.2 Rest of Africa Pallet Racking Market by System Racking Type

12.5.2.8.3 Rest of Africa Pallet Racking Market by Frame Load Capacity

12.5.2.8.4 Rest of Africa Pallet Racking Market by End Use

12.6. Latin America

12.6.1 Latin America Pallet Racking Market by country

12.6.2 Latin America Pallet Racking Market by System

12.6.3 Latin America Pallet Racking Market by System Racking Type

12.6.4 Latin America Pallet Racking Market by Frame Load Capacity

12.6.5 Latin America Pallet Racking Market by End Use

12.6.6 Brazil

12.6.6.1 Brazil Pallet Racking Market by System

12.6.6.2 Brazil Africa Pallet Racking Market by System Racking Type

12.6.6.3 Brazil Pallet Racking Market by Frame Load Capacity

12.6.6.4 Brazil Pallet Racking Market by End Use

12.6.7 Argentina

12.6.7.1 Argentina Pallet Racking Market by System

12.6.7.2 Argentina Pallet Racking Market by System Racking Type

12.6.7.3 Argentina Pallet Racking Market by Frame Load Capacity

12.6.7.4 Argentina Pallet Racking Market by End Use

12.6.8 Colombia

12.6.8.1 Colombia Pallet Racking Market by System

12.6.8.2 Colombia Pallet Racking Market by System Racking Type

12.6.8.3 Colombia Pallet Racking Market by Frame Load Capacity

12.6.8.4 Colombia Pallet Racking Market by End Use

12.6.9 Rest of Latin America

12.6.9.1 Rest of Latin America Pallet Racking Market by System

12.6.9.2 Rest of Latin America Pallet Racking Market by System Racking Type

12.6.9.3 Rest of Latin America Pallet Racking Market by Frame Load Capacity

12.6.9.4 Rest of Latin America Pallet Racking Market by End Use

13 Company Profile

13.1 Mecalux

13.1.1 Company Overview

13.1.2 Financials

13.1.3 Product/ Services Offered

13.1.4 SWOT Analysis

13.1.5 The SNS View

13.2 Daifuku

13.2.1 Company Overview

13.2.2 Financials

13.2.3 Product/ Services Offered

13.2.4 SWOT Analysis

13.2.5 The SNS View

13.3 Elite Storage Solutions

13.3.1 Company Overview

13.3.2 Financials

13.3.3 Product/ Services Offered

13.3.4 SWOT Analysis

13.3.5 The SNS View

13.4 Advance Storage Products

13.4 Company Overview

13.4.2 Financials

13.4.3 Product/ Services Offered

13.4.4 SWOT Analysis

13.4.5 The SNS View

13.5 Steel King

13.5.1 Company Overview

13.5.2 Financials

13.5.3 Product/ Services Offered

13.5.4 SWOT Analysis

13.5.5 The SNS View

13.6 Hannibal Industries

13.6.1 Company Overview

13.6.2 Financials

13.6.3 Product/ Services Offered

13.6.4 SWOT Analysis

13.6.5 The SNS View

13.7 AR Racking

13.7.1 Company Overview

13.7.2 Financials

13.7.3 Product/ Services Offered

13.7.4 SWOT Analysis

13.7.5 The SNS View

13.8 Unarco Material Handling

13.8.1 Company Overview

13.8.2 Financials

13.8.3 Product/ Services Offered

13.8.4 SWOT Analysis

13.8.5 The SNS View

13.9 Averys

13.9.1 Company Overview

13.9.2 Financials

13.9.3 Product/Services Offered

13.9.4 SWOT Analysis

13.9.5 The SNS View

13.10 Kion Group

13.10.1 Company Overview

13.10.2 Financials

13.10.3 Product/Services Offered

13.10.4 SWOT Analysis

13.10.5 The SNS View

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments’

14.3.1 Industry News

            14.3.2 Company News

            14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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