According to Transparency Market Research’s recent report titled “Pallet Racking Systems Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast Analysis 2019–2027,” the growth of awareness for organized warehouse space is expected to boost the demand for pallet racking systems during the forecast period. The global market for pallet racking systems was valued at US$7.8 Bn in 2018 and is projected to expand at a CAGR of 7.4%, during the forecast period (2019-2027).
The global market for pallet racking systems is segmented by frame load carrying capacity, system type, racking type, application, and end use. In terms of end use, the pallet racking systems market is segmented into packaging, food & beverages, electrical & electronics, healthcare, metal processing & manufacturing, building & construction, chemicals, logistics & warehousing, mining, and others.
The logistics sector is expected to grow at around 10-15% in the forthcoming years, largely due to growth in retail, E-commerce, and manufacturing sectors. This indicates that logistics demand will continue to grow and will create demand for large-scale warehouse spaces. Hence, robust growth in automation in warehouse space, coupled with rise in e-Commerce growth are cited to emerge as the key reasons for concrete growth in the global pallet racking systems market.
According to an independent analysis, the total global market logistics in terms of value in 2017 reached about USS$ 7.2 trillion, which represent approx. 9% of the global GDP.
In any economy, the logistics industry deals with the flow of products flow from place of manufacturing/origin to their consumption/end use. Logistics thus involves the amalgamation of warehousing, material handling, packaging and transportation, procurement, inventory & supply chain management, etc. These developments in the recent past have created a positive landscape for the pallet racking systems market.
Increase in labor costs along with rising warehousing rents consistently over the last decade, have forced companies to utilize their warehousing /storage space more resourcefully. End users need to keep a sharp eye on these cost factors, which is giving impetus to pallet racking system manufacturers. Many products with space efficient storage systems, such as pallet racking systems, have been developed recently to address this need. In order to reduce labor costs further, automation is expected to continue to rise. Various end-use industries using warehouse automation revealed that more companies are willing to enhance or upgrade their existing warehouse management systems rather than implement new ones.
Additionally, the demand for stand-alone subsystems and integrated ones is growing fast. Lastly, one of the key trends in the industrial market remains the movement of manufacturing operations to cheaper locations such as India, China, Mexico, Brazil, and Central & Eastern Europe (CEE).
Logistics and warehousing play an indispensable role in the transportation of goods across the globe. A warehouse is a fundamental part of any business infrastructure and is one of the key enablers in the global supply chain. Subsequently, it is the fulcrum for procurement, manufacturing, and distribution services that collectively build robust economies. The growing need for organized logistics to improve time, cost, and quality efficiencies in emerging countries of Asian Subcontinent are propelling opportunities for the growth of the pallet racking systems market.
Emerging customer segments such as E-commerce, present several unique opportunities for 3PLPs, owing to the rising demand for complete logistics management through the aggregation of vendors and services. Manufacturing companies of pallet racking systems must leverage this demand for new and differentiated services by suitably building capabilities.
The global pallet racking systems market critically analyzed key players during the course of the study. These include Stora Enso Oyj, Georgia-Pacific LLC, Canfor Corporation, International Paper Company, Clearwater Paper Corporation, UPM-Kymmene Oyj, P.H. Glatfelter Co., Domtar Corporation, Mitsubishi Paper Mills Limited, Verso Corporation, BillerudKorsnäs AB, Burgo Group SPA, Twin Rivers Paper Company Inc., American Eagle Paper Mills, Delta Paper Corp., Catalyst Paper Corporation, Asia Pacific Resources International Holdings Ltd., Rolland Enterprises Inc., Alberta Newsprint Company Ltd., and Finch Paper LLC.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Opportunity Assessment
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Background
3.1. Global Warehousing Industry Outlook
3.2. Global Manufacturing Sector Outlook
3.3. Porter’s Analysis
3.4. Macro-Economic Factors
3.5. Forecast Factors – Relevance & Impact
3.6. Value Chain & Profitability Margin Analysis
3.6.1. Raw Material Suppliers
3.6.2. Pallet Racking System Manufacturers
3.6.3. End Users
3.7. Cost Tear-down Analysis
3.8. Pricing Analysis & Forecast
3.9. Market Dynamics
3.9.1. Drivers
3.9.1.1. Supply Side
3.9.1.2. Demand Side
3.9.2. Restraints
3.9.3. Opportunity Analysis
3.9.4. Trends
3.9.4.1. Product Level
3.9.4.2. Company Level
4. Market Forecast
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis
5. Global Pallet Racking System Market Analysis by System
5.1. Introduction
5.1.1. Market Value Share Analysis by System
5.1.2. Y-o-Y Growth Analysis by System
5.2. Market Size (US$ Mn) and Volume (Units) Forecast by System 2017–2027
5.2.1. Conventional
5.2.2. Mobile Racking
5.2.2.1. Horizontally Rotating
5.2.2.2. Vertically Rotating
5.2.3. Shuttle Racking
5.2.4. Hybrid and Customized
5.3. Market Attractiveness Analysis by System
6. Global Pallet Racking System Market Analysis by Racking System
6.1. Introduction
6.1.1. Market Value Share Analysis by Racking System
6.1.2. Y-o-Y Growth Analysis by Racking System
6.2. Market Size (US$ Mn) and Volume (Units) Forecast by Racking System 2017–2027
6.2.1. Selective Pallet Rack
6.2.2. Narrow Aisle Rack
6.2.3. Drive-in Rack
6.2.4. Push-back Rack
6.2.5. Gravity Flow Rack
6.2.6. Mezzanine
6.2.7. Others
6.3. Market Attractiveness Analysis by Racking System
7. Global Pallet Racking System Market Analysis by Frame Load Capacity
7.1. Introduction
7.1.1. Market Value Share Analysis by Frame Load Capacity
7.1.2. Y-o-Y Growth Analysis by Frame Load Capacity
7.2. Market Size (US$ Mn) and Volume (Units) Forecast by Frame Load Capacity 2017–2027
7.2.1. Up to 5 Ton
7.2.2. 5 to 10 Ton
7.2.3. 10 to 15 Ton
7.2.4. Above 15 Ton
7.3. Market Attractiveness Analysis by Frame Load Capacity
8. Global Pallet Racking System Market Analysis by Application
8.1. Introduction
8.1.1. Market Value Share Analysis by Application
8.1.2. Y-o-Y Growth Analysis by Application
8.2. Market Size (US$ Mn) and Volume (Units) Forecast by Application 2017–2027
8.2.1. Cases & Boxes
8.2.2. Pipes & Panels
8.2.3. Tires
8.2.4. Drums & Pails
8.2.5. Rigid Sheets
8.2.6. Timber & Rolls
8.2.7. Trays & Crates
8.2.8. Others
8.3. Market Attractiveness Analysis by Application
9. Global Pallet Racking System Market Analysis by End-user Industry
9.1. Introduction
9.1.1. Market Value Share Analysis by End-user Industry
9.1.2. Y-o-Y Growth Analysis by End-user Industry
9.2. Market Size (US$ Mn) and Volume (Units) Forecast by End-user Industry 2017–2027
9.2.1. Packaging
9.2.2. Food & Beverages
9.2.3. Electrical & Electronics
9.2.4. Healthcare
9.2.5. Metal Processing & Manufacturing
9.2.6. Building & Construction
9.2.7. Chemicals
9.2.8. Logistics & Warehousing
9.2.9. Mining
9.2.10. Others
9.3. Market Attractiveness Analysis by End-user Industry
10. Global Pallet Racking System Market Analysis by Region
10.1. Introduction
10.1.1. Market Value Share Analysis by Region
10.1.2. Y-o-Y Growth Analysis by Region
10.2. Market Size (US$ Mn) and Volume (Units) Forecast by Region 2017–2027
10.2.1. Europe
10.2.2. North America
10.2.3. Latin America
10.2.4. Asia Pacific
10.2.5. MEA
10.3. Market Attractiveness Analysis by Region
11. North America Pallet Racking System Market Analysis
11.1. Introduction
11.2. Regional Pricing Analysis
11.3. Key Trends
11.4. Market Value (US$ Mn) and Volume (Units) Historical Analysis 2014-2018 and Forecast 2019-2027
11.4.1. By Country
11.4.1.1. USA
11.4.1.2. Canada
11.4.2. By System
11.4.3. By Racking System
11.4.4. By Frame Load Capacity
11.4.5. By Application
11.4.6. By End-user Industry
11.5. Market Attractiveness Analysis
12. Latin America Pallet Racking System Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Key Trends
12.4. Market Value (US$ Mn) and Volume (Units) Historical Analysis 2014-2018 and Forecast 2019-2027
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By System
12.4.3. By Racking System
12.4.4. By Frame Load Capacity
12.4.5. By Application
12.4.6. By End-user Industry
12.5. Market Attractiveness Analysis
13. Europe Pallet Racking System Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Key Trends
13.4. Market Value (US$ Mn) and Volume (Units) Historical Analysis 2014-2018 and Forecast 2019-2027
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. Italy
13.4.1.3. France
13.4.1.4. U.K.
13.4.1.5. Spain
13.4.1.6. Russia
13.4.1.7. Poland
13.4.1.8. Rest of Europe
13.4.2. By System
13.4.3. By Racking System
13.4.4. By Frame Load Capacity
13.4.5. By Application
13.4.6. By End-user Industry
13.5. Market Attractiveness Analysis
14. APAC Pallet Racking System Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Key Trends
14.4. Market Value (US$ Mn) and Volume (Units) Historical Analysis 2014-2018 and Forecast 2019-2027
14.4.1. By Country
14.4.1.1. China
14.4.1.2. India
14.4.1.3. ASEAN
14.4.1.4. Australia and New Zealand
14.4.1.5. Japan
14.4.1.6. Rest of APAC
14.4.2. By System
14.4.3. By Racking System
14.4.4. By Frame Load Capacity
14.4.5. By Application
14.4.6. By End-user Industry
14.5. Market Attractiveness Analysis
15. MEA Pallet Racking System Market Analysis
15.1. Introduction
15.2. Regional Pricing Analysis
15.3. Key Trends
15.4. Market Value (US$ Mn) and Volume (Units) Historical Analysis 2014-2018 and Forecast 2019-2027
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. North Africa
15.4.1.3. South Africa
15.4.1.4. Turkey
15.4.1.5. Rest of MEA
15.4.2. By System
15.4.3. By Racking System
15.4.4. By Frame Load Capacity
15.4.5. By Application
15.4.6. By End-user Industry
15.5. Market Attractiveness Analysis
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.1.1. By Large, Medium and Small
16.2. Market Concentration
16.2.1. By Top 5 and by Top 10
16.3. Market Presence Analysis
16.3.1. By Regional Footprint of Players
16.3.2. Product Footprint by Players
16.3.3. Channel Footprint by Players
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Profitability and Gross Margin Analysis by Competition
17.4. Competition Developments
17.5. Competition Deep Dive
17.5.1. Daifuku Co., Ltd
17.5.1.1. Overview
17.5.1.2. Product Portfolio
17.5.1.3. Profitability
17.5.1.4. Production Footprint
17.5.1.5. Sales Footprint
17.5.1.6. Channel Footprint
17.5.1.7. Competition Benchmarking
17.5.1.8. Strategy
17.5.1.8.1. Marketing Strategy
17.5.1.8.2. Product Strategy
17.5.1.8.3. Channel Strategy
17.5.2. KARDEX AG
17.5.3. Interroll Dyanmic Storage
17.5.4. Jungheinrich AG
17.5.5. SSI Schaefer
17.5.6. AVERYS Group
17.5.7. Mecalux SA
17.5.8. NEDCON B.V.
17.5.9. Estral Innovation and Applied Logistics
17.5.10. Dexion Gmbh
17.5.11. Montel Inc.
17.5.12. Hannibal Industries, Inc.
17.5.13. Elite Storage Solutions Inc.
17.5.14. Ridg-U-Rak Inc.
17.5.15. ATOX SISTEMAS DE ALMACENAJE, S.A.
17.5.16. Vertice Diseño S.A.
17.5.17. Poveda & CIA.
17.5.18. Frazier Industrial Company
17.5.19. DR Storage Systems
17.5.20. Storage Equipment Systems, Inc.
17.5.21. Gonvarri Material Handling
17.5.22. Stöcklin Logistics de México
17.5.23. AR Racking.
17.5.24. PROMAN s.r.o.
17.5.25. AK Material Handling Systems
18. Assumptions and Acronyms Used
19. Research Methodology
List of Tables
Table 01: Global Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tons) 2017-2027, by System Type
Table 02: Global Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tons) 2017-2027, by Racking Type
Table 03: Global Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tons) 2017-2027, by Frame Load Capacity
Table 04: Global Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tons) 2017-2027, by Application
Table 05: Global Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tons) 2017-2027, by End Use
Table 06: Global Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tons) 2017-2027, by Region
Table 07: North America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Country
Table 08: North America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Frame Load Capacity
Table 09: North America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Racking Type
Table 10: North America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by System Type
Table 11: North America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Application
Table 12: North America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by End-Use
Table 13: Latin America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Country
Table 14: Latin America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Frame Load Capacity
Table 15: Latin America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Racking Type
Table 16: Latin America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes)2017-2027, by System Type
Table 17: Latin America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Application
Table 18: Latin America Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by End-Use
Table 19: Europe Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Country
Table 20: Europe Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Frame Load Capacity
Table 21: Europe Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Racking Type
Table 22: Europe Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by System Type
Table 23: Europe Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Application
Table 24: Europe Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by End-Use
Table 25: Asia Pacific Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Country
Table 26: Asia Pacific Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Frame Load Capacity
Table 27: Asia Pacific Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Racking Type
Table 28: Asia Pacific Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by System Type
Table 29: Asia Pacific Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Application
Table 30: Asia Pacific Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by End-Use
Table 31: Middle-East & Africa Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Country
Table 32: Middle-East & Africa Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Frame Load Capacity
Table 33: Middle-East & Africa Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Racking Type
Table 34: Middle-East & Africa Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes)2017-2027, by System Type
Table 35: Middle-East & Africa Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by Application
Table 36: Middle-East & Africa Pallet Racking System Market Value (US$ Mn) & Volume ('000 Tonnes) 2017-2027, by End Use
List of Figures
Figure 01: Global Pallet Racking System Market BPS Analysis by System Type, 2019(E) & 2027(F)
Figure 02: Global Pallet Racking System Market Y-o-Y Growth by System Type 2019(E) – 2027(F)
Figure 03: Global Pallet Racking System Market Attractiveness Index by System Type, 2019(E) – 2027(F)
Figure 04: Global Pallet Racking System Market BPS Analysis by Racking Type, 2019(E) & 2027(F)
Figure 05: Global Pallet Racking System Market Y-o-Y Growth by Racking Type, 2019(E) – 2027(F)
Figure 06: Global Pallet Racking System Market Attractiveness Index by Racking Type, 2019(E) – 2027(F)
Figure 07: Global Pallet Racking System Market BPS Analysis by Frame Load Capacity, 2019(E) & 2027(F)
Figure 08: Global Pallet Racking System Market Y-o-Y Growth by Frame Load Capacity, 2019(E) – 2027(F)
Figure 09: Global Pallet Racking System Market Attractiveness Index by Frame Load Capacity, 2019(E) – 2027(F)
Figure 10: Global Pallet Racking System Market BPS Analysis by Application, 2019(E) & 2027(F)
Figure 11: Global Pallet Racking System Market Y-o-Y Growth by Application 2019(E) – 2027(F)
Figure 12: Global Pallet Racking System Market Attractiveness Index by Application, 2019(E) – 2027(F)
Figure 13: Global Pallet Racking System Market BPS Analysis by End-Use, 2019(E) & 2027(F)
Figure 14: Global Pallet Racking System Market Y-o-Y Growth by End-Use 2019(E) – 2027(F)
Figure 15: Global Pallet Racking System Market Attractiveness Index by End-Use, 2019(E) – 2027(F)
Figure 16: Global Pallet Racking System Market BPS Analysis by Region, 2019(E) & 2027(F)
Figure 17: Global Pallet Racking System Market Y-o-Y Growth by Region, 2019(E) – 2027(F)
Figure 18: Global Pallet Racking System Market Attractiveness Index by Region, 2019(E) – 2027(F)
Figure 19: North America Pallet Racking System Market Attractiveness Index by Country, 2019 –2027
Figure 20: North America Pallet Racking System Market Attractiveness Index by Frame Load Carrying Capacity, 2019 –2027
Figure 21: North America Pallet Racking System Market Attractiveness Index by Racking Type, 2019 – 2027
Figure 22: North America Pallet Racking System Market Attractiveness Index by System Type, 2019 –2027
Figure 23: North America Pallet Racking System Market Attractiveness Index by Application, 2019 –2027
Figure 24: North America Pallet Racking System Market Attractiveness Index by End Use, 2019 – 2027
Figure 25: Latin America Pallet Racking System Market Attractiveness Index by Country, 2019 –2027
Figure 26: Latin America Pallet Racking System Market Attractiveness Index by Frame Load Carrying Capacity, 2019 –2027
Figure 27: Latin America Pallet Racking System Market Attractiveness Index by Racking Type, 2019 – 2027
Figure 28: Latin America Pallet Racking System Market Attractiveness Index by System Type, 2019 –2027
Figure 29: Latin America Pallet Racking System Market Attractiveness Index by Application, 2019 –2027
Figure 30: Latin America Pallet Racking System Market Attractiveness Index by End Use, 2019 – 2027
Figure 31: Europe Pallet Racking System Market Attractiveness Index by Country, 2019 –2027
Figure 32: Europe Pallet Racking System Market Attractiveness Index by Frame Load Carrying Capacity, 2019 –2027
Figure 33: Europe Pallet Racking System Market Attractiveness Index by Racking Type, 2019 – 2027
Figure 34: Europe Pallet Racking System Market Attractiveness Index by System Type, 2019 –2027
Figure 35: Europe Pallet Racking System Market Attractiveness Index by Application, 2019 –2027
Figure 36: Europe Pallet Racking System Market Attractiveness Index by End Use, 2019 – 2027
Figure 37: Asia Pacific Pallet Racking System Market Attractiveness Index by Country, 2019 –2027
Figure 38: Asia Pacific Pallet Racking System Market Attractiveness Index by Frame Load Carrying Capacity, 2019 –2027
Figure 39: Asia Pacific Pallet Racking System Market Attractiveness Index by Racking Type, 2019 – 2027
Figure 40: Asia Pacific Pallet Racking System Market Attractiveness Index by System Type, 2019 –2027
Figure 41: Asia Pacific Pallet Racking System Market Attractiveness Index by Application, 2019 –2027
Figure 42: Asia Pacific Pallet Racking System Market Attractiveness Index by End Use, 2019 – 2027
Figure 43: Middle-East & Africa Pallet Racking System Market Attractiveness Index by Country, 2019 –2027
Figure 44: Middle-East & Africa Pallet Racking System Market Attractiveness Index by Frame Load Carrying Capacity, 2019 –2027
Figure 45: Middle-East & Africa Pallet Racking System Market Attractiveness Index by Racking Type, 2019 – 2027
Figure 46: Middle-East & Africa Pallet Racking System Market Attractiveness Index by System Type, 2019 –2027
Figure 47: Middle-East & Africa Pallet Racking System Market Attractiveness Index by Application, 2019 –2027
Figure 48: Middle-East & Africa Pallet Racking System Market Attractiveness Index by End Use, 2019 – 2027
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Pallet Racking System Market
