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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-

  • Metal
    • Steel
    • Aluminum
  • Plastic

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
  • Aerospace
  • Healthcare & Pharmaceuticals
  • Agriculture
  • 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Rigid Shipping Racks Market