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The global pallet racking systems market is expected to grow at a CAGR of 6.32% over the forecast period to reach US$13.157 billion by 2024 from US$9.110 billion in 2018. The growing E-commerce sector along with the increasing logistics industry is expected to drive the pallet racking systems market.
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Pallet Racking Systems Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The global pallet racking systems market is expected to grow at a CAGR of 6.32% over the forecast period to reach US$13.157 billion by 2024 from US$9.110 billion in 2018. Pallet racking systems are product handling storage systems which can be used to store products on pallets. The key industries driving the demand for pallet racking systems are food and beverage, packaging, building and construction, healthcare, chemicals, and electronics among others. The growing E-commerce sector along with increasing logistics industry is expected to drive the market for pallet racking systems. Furthermore, increasing demand for warehouse space is projected to boost the market. In addition, easy storage, space efficiency, better organization of products along with new innovations are anticipated to create growth opportunities for the pallet racking systems market.
Key Questions Answered By The Report • What will be Pallet Racking Systems Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Pallet Racking Systems Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Pallet Racking Systems Market are : • By TypePush back rack Drive in rack Selective pallet rack Double deep rack Others • By ApplicationBoxes Drums Pipes Trays and Crates Others • By End-UserHealthcare Food and Beverage Electronics Packaging Building and Construction Chemicals Others
Geography North AmericaUSACanadaMexicoOthers South AmericaBrazilArgentinaOthers EuropeGermanyFranceUnited KingdomSpainOthers
Geography Middle East and AfricaSaudi ArabiaIsraelOthers Asia PacificChinaJapanSouth KoreaIndiaOthers
COMPANY PROFILES • Interroll Holding Limited • Averys • SSI Schaefer • Montel Inc. • Nedcon B.V. • Gonvarri Material Handling • Hannibal Industries • Frazier Industrial Company • Elite Storage Solutions Inc. • Daifuku Co. Ltd • AK Material Handling Systems • Estral Innovation and Applied Logistics
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