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Pallet Racking System Market 2020 is Prospering Worldwide by 2026 With Emerging Players Like Daifuku Co., Ltd.; Kardex Group; Jungheinrich AG; Schaefer Group; averys.fr; Mecalux, S.A.; Nedcon B.V.; Gonvarri Material Handling; Montel Inc.

Pallet Racking System Market

In this Pallet Racking System market report, breakdown and estimations of important industry trends, market drivers, market restraints, market size, market share and sales volume have been explained very well. This global market report gives CAGR value fluctuation during the forecast period of 2020-2027 for the Healthcare industry that helps in estimating investment and costing. To take decisions of growing or lessening the production of goods depending on the general market conditions and demand, plentiful information accompanied with deep Pallet Racking System market insights plays a supportive role. Most recent and established tools and techniques are utilized exceptionally to make the report outstanding.

Market Analysis: Global Pallet Racking System Market

Global pallet racking system market is set to witness a substantial CAGR of 7.31% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement in pallet racking system and growing demand from retail industries are the factor for the market growth.

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Market Definition: Global Pallet Racking System Market

Pallet rack is a storage aid material handling system for storing materials on pallets. Though there are many pallet racking variations, all styles make it possible to store palletized materials in multi-level horizontal rows. Some of the common types of racking system are selective pallet rack, drive in rack, gravity flow rack, mezzanine, drive in rack and narrow aisle rack. They are widely used in application such as cases & boxes, drums & pails, rigid sheets, timber & rolls, and trays & crates.

Market Drivers:Pallet Racking System Market

  • Growing e-commerce platform will drive the market growth
  • Increasing demand from food and beverage industry will also accelerate the market demand
  • Rising prevalence for stand-alone sub system is another factor surging the growth of this market
  • Growth in 3PLs Market will also uplift the market demand in the forecast period

Market Restraint:Pallet Racking System Market

  • High investment cost will hamper the market growth is the major factor restricting the market growth in the forecast period

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Segmentation: Global Pallet Racking System Market

Pallet Racking System Market : By System Type

  • Conventional
  • Mobile Racking
  • Shuttle Racking
  • Hybrid/Customized Racking

Pallet Racking System Market : By Racking System Type

  • Selective Pallet Rack
  • Narrow Aisle Rack
  • Drive-in Rack
  • Push-back Rack
  • Gravity Flow Rack
  • Mezzanine
  • Others

Pallet Racking System Market : By Frame Load Capacity

  • Up to 5 Ton
  • 5-15 Ton
  • Above 15 Ton

Pallet Racking System Market: By Application

  • Cases & Boxes
  • Pipes & Panels
  • Tires
  • Drums & Pails
  • Rigid Sheets
  • Timber & Rolls
  • Trays & Crates
  • Others

Pallet Racking System Market : By End-use Industry

  • Packaging
  • Food & Beverage
  • Electrical & Electronics
  • Healthcare
  • Metal Processing & Manufacturing
  • Building & Construction
  • Chemical
  • Logistics & Warehousing
  • Mining
  • Others

Pallet Racking System Market : By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Thailand
    • Malaysia
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Pallet Racking System Market:

  • In September 2018, ABCO Systems announced the launch of their new ABCO Racking Estimator app. This new app is specially designed for construction planners, architect, warehouse managers, and commercial realtors. This app will help the user to easily determine the potential building storage capacity dependent on design measurements and customer requirements. This launch will help the company to enhance efficiency in their operations
  • In May 2016, Flexi Warehouse systems announced the launch of their new pallet rack and sprinkler reconfiguration service. This distinctive low-cost fixed rack reconfiguration and new storage rack service, consumers can delegate the entire project to Flexi Warehouse Systems, which provides a guaranteed timeline and detailed project schedule for each warehouse conversion

Competitive Analysis:Pallet Racking System Market

Global pallet racking system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pallet racking system market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:Pallet Racking System Market

Few of the major competitors currently working in the global pallet racking system market are Daifuku Co., Ltd.; Kardex Group; Jungheinrich AG; Schaefer Group; averys.fr; Mecalux, S.A.; Nedcon B.V.; Gonvarri Material Handling; Montel Inc.; Hannibal Industries; Elite Storage Solutions; Ridg-U-Rak.; ATOX SISTEMAS DE ALMACENAJE, S.A.; AK Material Handling Systems; PROMAN s.r.o.; AR Racking; Stöcklin Logistik AG; Storage Equipment Systems, Inc; Frazier Industrial Company; ABCO Systems; among others.

Research Methodology: Global Pallet Racking System Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete market analysis and forecasting
  • Market definition, understanding the concept of pallet racking system
  • Market drivers and restraints of the industry
  • Market segmentations and market share divided amongst them
  • Key players in the market and their analysis

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