Pallet rack is a material handling storage aid system designed to store materials on pallets (or "skids"). Although there are many varieties of pallet racking, all types allow for the storage of palletized materials in horizontal rows with multiple levels. Since the Second World War, pallet racks have become an essential and ubiquitous element of most modern warehouses, manufacturing facilities, retail centers, and other storage and distribution facilities.
Globally, the Pallet Rack industry market is low concentrated as the manufacturing technology of Pallet Rack is relatively matures than some high-tech equipment. And some enterprises, like Averys, SSI Schaefer, Unarco Material Handling, etc. are well-known for the wonderful performance of their Pallet Rack and related services. At the same time, North America, occupied 27% sales market share in 2017, is remarkable in the global Pallet Rack industry because of their market share and technology status of Pallet Rack.
The consumption volume of Pallet Rack is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Pallet Rack industry may not keep that fast. But it is surely forecasted that the market of Pallet Rack is still promising.
According to this study, over the next five years the Pallet Rack market will register a 6.0% CAGR in terms of revenue, the global market size will reach USD 3050 million by 2024, from USD 2150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Pallet Rack business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Pallet Rack market by product type, application, key manufacturers and key regions and countries.
This study considers the Pallet Rack value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Selective Pallet Rack
Drive-in and Drive-through Pallet Rack
Push-back Pallet Rack
Pallet Flow Rack
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Distribution Centers
Manufacturing Facilities
Large-Scale Retail
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Averys
SSI SCHAEFER
Unarco?Material?Handling
Ridg-U-Rak
KION Group
Steel King
Mecalux
Elite?Storage?Solutions
Daifuku
Advance?Storage?Products
AR Racking
Inform
Hannibal Industries
Nedcon
JINGXING
TKSL
Frazier?Industrial
Top-tiger
Murata Machinery
Rack Builders
North American Steel
Speedrack Products
Constructor Group
Ouyade
Sanshin Metal Working
Nanjing Kingmore
Tianjin Master Logistics
Jiangsu?NOVA
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Pallet Rack consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Pallet Rack market by identifying its various subsegments.
Focuses on the key global Pallet Rack manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Pallet Rack with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Pallet Rack submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
