Warehouse Racking Market size to increase by USD 1.74 Bn

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22 Jun, 2022, 11:00 ET

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NEW YORK, June 22, 2022 /PRNewswire/ -- The "Warehouse Racking Market by End-user and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. The report identifies AK Material Handling Systems, Daifuku Co. Ltd., Honeywell International Inc., Interroll Holding AG, and Kardex AG among others as some of the key vendors operating in the market.

Technavio expects the global warehousing racking market size to increase by USD 1.74 billion between 2020 and 2025. The market observed a YOY growth of 4.91% in 2021 and the growth momentum is expected to accelerate at a CAGR of 5.92% during the forecast period.

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The 128-page report segments the global warehousing racking market by end-user (automotive industry, food and beverage industry, retail industry, and other industries) and geography (APAC, North America, Europe, MEA, and South America).

By end-users, the automotive industry is exhibiting high demand for warehousing racking. Racking systems are generally in the automotive industry for storing small auto parts as it is ideal for quick and easy access to stock. The demand for such solutions is steadily increasing in the automotive industry with the growing sales of passenger and commercial vehicles. In addition, increased investments in the expansion of production facilities by prominent automobile manufacturers is contributing to the growth of the segment.

By region, APAC will present significant growth opportunities for market players during the forecast period. The market will register the fastest growth in APAC and about 62% of the market growth is expected to originate in the region. The primary factor driving the growth of the regional market is the increasing demand for warehouse racking from end-user industries such as automotive, food and beverage, retail, and other industries. In addition, significant industrial development across countries such as China, India, South Korea, Indonesia, and Taiwan are contributing to the growth of the warehouse racking market in APAC.

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Major Warehouse Racking Companies:

AK Material Handling Systems: The company offers pallet racks for warehouse racking systems.

Daifuku Co. Ltd.: The company offers warehouse racking systems such as mobile pallet racking and shuttle rack L.

Honeywell International Inc.: The company offers warehouse racking systems under the brand name Momentum.

Interroll Holding AG: The company offers Interroll carton wheel flow for warehouse racking systems.

Kardex AG: The company offers warehouse racking systems under the brand name Mcompact.

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Warehouse Racking Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.92%

Market growth 2021-2025

USD 1.74 billion

Market structure

Fragmented

YoY growth (%)

4.91

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 62%

Key consumer countries

China, US, Germany, South Korea (Republic of Korea), and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AK Material Handling Systems, Daifuku Co. Ltd., Honeywell International Inc., Interroll Holding AG, Kardex AG, KION GROUP AG, Mecalux SA, Murata Machinery Ltd., SSI SCHAEFER Group, and Toyota Industries Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio