Rigid Shipping Racks Market: An Overview
Rigid shipping racks are convenient and effective protective packaging solution used for storing products. Rigid shipping racks are one of the most efficient materials handling solution available for packaging. These racks are highly durable and sturdy. Rigid shipping racks are primarily used to protect the packaged product during transit and storage. Rigid shipping racks are reusable. Hence they provide operating cost advantage when compared to other material handling solution. Rigid shipping racks offer good stackability and therefore are preferred for shipping and storing applications. Manufacturers produce rigid shipping racks of different materials, shapes, and sizes to cater to a variety of applications. Rigid shipping racks can be made collapsible to minimize the shipping cost and maximize the use of available floor space. Rigid shipping racks also help in dense storage of packaged products in warehouses thereby increasing storage density as well as handling efficiency. Rigid shipping racks are considered ideal for storing difficult to handle parts. Rigid shipping racks can be used in conjunction with various dunnage. Dunnage prevents product damage when used with shipping racks during transportation. It acts as a protective packaging solution during the event of bumps or collisions. Materials such as foam, plastic, and fabric can be used for dunnage in rigid shipping racks.
Rigid Shipping Racks Market: Drivers & Restraints
The global rigid shipping racks market is anticipated to witness a positive outlook during the forecast period owing to the growing trade activities between countries which has increased import and export substantially in the recent years. This has created a need for technological advancements in packaging techniques, and hence created more growth opportunities for the rigid shipping racks market. Moreover, the growing demand for transportation and logistical facilities in both developed and developing economies is expected to fuel the demand for rigid shipping racks across the globe. The global rigid shipping racks market is primarily driven by the shipping & logistics industry for efficient and safe packaging of goods. The sturdiness and affordability that the rigid shipping racks offer along with properties such as high payloads, lightweight, high stackability and environment-friendliness will continue to contribute to the growth of the rigid shipping racks market in the rigid packaging industry. Rigid shipping racks find application in end-use industries such as building & construction, healthcare & pharmaceuticals, and automotive and more.
Rigid Shipping Racks Market: Segmentation
Globally the rigid shipping racks market has been segmented on the basis of material type, product type, and end use industries as follows –
On the basis of material type, the global rigid shipping racks market has been segmented as follows-
On the basis of product type, the global rigid shipping racks market has been segmented as follows-
- Tire racks
- Rail racks
- Pallet racks
- Folding racks
On the basis of end use, the global rigid shipping racks market has been segmented as follows-
- Automotive and allied Industries
- Healthcare & Pharmaceuticals
- Building & Construction
- Other manufacturing Industries
Rigid Shipping Racks Market: Some of the Key players
Some of the key players operating in the global rigid shipping racks market are Lamar Packaging Systems, Bradford Co, Keener Corporation, J-tec Industries Inc., Ranly Design, Tier-Rack Corporation, Steel-King Industries Inc., EGA Products, Inc., Davco Industries Ltd., packIQ, LLC and more. Many local and unorganized players are expected to contribute to the global rigid shipping racks market during the forecast period.
Rigid Shipping Racks Market: Regional Outlook
Geographically, the global rigid shipping racks market has been divided into seven key regions as- North America, Western Europe, Latin America, Eastern Europe, Asia-Pacific excl. Japan, Middle East & Africa, and Japan. The thriving building and construction in Asia Pacific region is anticipated to be an escalating factor for the demand for rigid shipping racks in the rigid shipping racks market during the forecast period. North America and Western Europe are expected to have moderate growth followed by Asia Pacific region.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.