Below are some of the key findings from the transport racks market research report
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Global Transport Racks Industry Overview
The requirement for transport racks has been increasing with the increase in global import and export activities. This growing demand for transport racks from the logistics industry is a crucial driver for the global transport racks market. The increase in import and export activities will drive the growth of the global logistics market. Third-party logistics, trucking, and shipping companies are increasingly using transport racks for the transportation of goods. Moreover, the increasing demand for safe handling and transportation from automotive and glass end-user industries will induce logistics and transportation companies to adopt transport racks.
There is an increase in supply chain complexities due to the fast-growing trade activities across the globe. Thus, manufacturing companies and warehousing service providers are looking for efficient solutions to improve operational effectiveness at a low cost. The adoption of automation and robotics is simplifying the warehousing complexities by reducing human interventions. Thus, the increasing demand for automation and robotics will be one of the key trends driving the growth of the transport racks market at a CAGR of over 6% during the forecast period.
Top transport racks companies covered in this market research report
The transport racks market is fairly fragmented. Several companies are offering a wide variety of products including bundle racks, heavy-duty transport racks, single-sided truck racks, steel racks, barrel racks, custom racks, rotor blade racks, and cowling racks. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this transport racks industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Groves Incorporated
- Nefab Group
- Plymouth Industries
- Spika Design & Manufacturing
Transport racks market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, the EMEA region dominated the transport racks market with a market share of about 42% in 2017.
Transport racks market segmentation based on end users
- Construction
- Automotive
- Others
The construction segment accounted for the largest market share of the transport racks market. Additionally, the report also provides an accurate prediction of the contribution of the various end users segments to the growth of the transport racks market size.
Key highlights of the global transport racks market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the transport racks market during the next five years
- Precise estimation of the global transport racks market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the transport racks industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of transport racks companies
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