Mobile Shelving Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, China, India, Germany, UK - Size and Forecast 2024-2028

Mobile Shelving Market Forecast 2024-2028 

The mobile shelving market size is forecast to increase by USD 259.65 million at a CAGR of 4.33% between 2023 and 2028. The market's growth rate hinges on various factors, notably the surge in demand for retail space, driven by the need for flexible storage and warehousing services in the commercial sector. Additionally, there's a growing emphasis on enhancing operational efficiency across industries. This trend is fueled by advancements in technology and logistics solutions, enabling businesses to streamline their processes and meet customer demands more effectively. The increasing adoption of automation and digital tools further contributes to optimizing operations and reducing costs, making it a key driver for market expansion. Overall, these factors collectively shape the trajectory of the market and drive its upward growth trajectory.

Moreover, the market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 15 market companies, including AURORA STORAGE PRODUCTS, Godrej and Boyce Manufacturing Co. Ltd., Inovaxe Corp., Jungheinrich AG, Kardex Holding AG, Konstant Infosolutions Pvt. Ltd., LinkMisr International, Lista AG, Madix Inc., Mecalux SA, Metal Storage Systems Pvt. Ltd, Montel Inc., Pipp Mobile Storage Systems Inc., Rackline, Rolex India Engineering Co., Spangle Steel Products, Storage Systems Ltd., and The Invicta Group. Additionally, BRUYNZEEL STORAGE SYSTEMS BV offers The company offers mobile shelving such as Mobile aisle shelving, Electric mobile shelving systems, and Sustainable mobile shelving units.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics 

The market is primarily driven by shifting consumer buying behavior and the increasing demand from various sectors, such as the food industry, finance industry, and media industry, for efficient storage solutions. Key trends include the adoption of advanced shelving units with wheeled traction systems and electric motors to enhance modern warehouse efficiency. However, challenges such as optimizing shelf designs for different storage needs and ensuring reliability in mobile shelving systems remain critical for market players to address. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

Rising demand for retail space is notably driving the market. The increasing demand for retail space worldwide is positively driving the growth of the market. In addition, Walmart Inc. (Walmart), Costco Wholesale Corp. (Costco Wholesale), The Kroger Co. (Kroger), and Schwarz GmbH and Co KG (Schwarz) are some leading retailers across the world. Furthermore, the global retail sector is witnessing continuous growth owing to strong economic growth and urbanization.

Moreover, increasing inventory is creating significant demand for mobile shelving in warehouses. In addition, the traditional sales channels for consumer products have always been supermarkets, hypermarkets, and convenience stores. Furthermore, traditional retail stores sell various brands offered by vendors, and consumers can easily choose from the best brands available. Hence, such factors are driving the market during the forecast period.

Significant Market Trends

The rising use of technology for the modernization of warehouses is an emerging trend in the market. The rising use of technology in mobile shelving solutions is extending the advantages of the supply chain to the storage and warehousing service providers. In addition, the integration of the Internet of Things (IoT) enables real-time monitoring and tracking of inventory, improves efficiency, and enables predictive maintenance of the mobile shelving system.

Moreover, the analytics tools are used to process data in the most productive, efficient, convenient, and safe ways. In addition, mobile shelving also comes with advanced features, including a touchscreen console, multilingual and multiple-storage system management, and a Windows-based intuitive interface, along with radio-frequency identification (RFID), all of which help in modernizing warehouse facilities. Hence, such factors are driving the market during the forecast period.

Major Market Restrain

Fluctuations in raw material costs of mobile shelving is a major challenge hindering the market. Fluctuation in the costs of raw materials utilized in the manufacturing process of mobile shelving systems is a major concern that is curtailing market growth. In addition, this adversely affects the profit margins of manufacturers. Furthermore, the cost of raw materials such as steel, plastics, wood, and rubber, among others, has increased considerably.

Moreover, steel, wood or wood-related products, and aluminum are the most important raw materials used in the manufacture of mobile shelving. In addition, the steel industry is one of the major causes of air, water, and soil pollution in China. Furthermore, strict anti-pollution rules in China have led to a reduction in the production volume of steel and resulted in the closure of various steel mills, which has reduced the supply of steel globally and increased the prices of steel. Hence, such factors are hindering the market during the forecast period.

Market Segmentation 

The market is witnessing significant growth driven by changing consumer buying behavior and the increasing demand for efficient storage solutions. Customers across various industries, such as the food industry, finance industry, and media industry, are adopting advanced shelving units equipped with wheeled traction systems and electric motors for enhanced modern warehouse efficiency. Mobile shelving solutions, including roller racking and rolling stacks, offer flexible and space-saving options for organizing items such as books, filing, and other materials in warehouses, libraries, and financial institutions. The integration of moving shelves and fixed shelves with rollers and tracks ensures smooth operations and optimal utilization of ground space. Reliability is a key feature of mobile shelving, making it a preferred choice for industries dealing with media, finance, and food products. These solutions provide a streamlined approach to storage, improving accessibility and contributing to modern warehouse practices. As consumer needs evolve and the demand for efficient storage solutions increases, the market continues to innovate to meet these dynamic requirements.

By Type

The manual segment is estimated to witness significant growth during the forecast period. This segment is essentially manual in nature, requiring the worker to slide the shelves directly. In addition, this manual mobile shelving mainly has lateral configurations. Furthermore, most compact mobile shelving units offer a mechanical option to make shelving easier to move racks.

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The manual segment was the largest segment and was valued at USD 534.39 million in 2018. Moreover, this often takes the form of a wheel that moves the shelves to either side as it is turned. In addition, mechanical mobile shelving solutions provide an efficient and practical way to store and access items in a variety of settings, from offices to museums, libraries, and warehouses. Furthermore, these systems use a mechanical assist mechanism to help users easily move the shelves, increasing storage density while minimizing the space required for aisles. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Market Segmentation By End-user

The growing commerce sector will fuel the commercial segment, which in turn drives the market. In the commercial segment, mobile shelving or mobile pallet racking is increasingly used by most end-users for storing and managing inventory in warehouse facilities. In addition, the growing commercial segment is driving the growth of the global market in the coming years. Moreover, busy lifestyles, which reduce home cooking, and the easy availability of packaged food are increasing the consumption of packaged food across the world. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Regional Overview

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Europe is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Europe exhibits a significant demand for factories and warehouse spaces, coupled with a growing demand for warehouses that are near large cities to support last-mile delivery models. In addition, in this region, the demand for mobile shelving is growing due to the growing focus on space-saving storage capacity, along with the increasing need to improve productivity and inventory management from end-users.

Moreover, the high market share of Europe can also be attributed to the growing demand for retail storage space and the growing focus on efficiency and stock capacity in storerooms, especially in countries such as Germany and the UK. Furthermore, the increasing disposable income in the region and the rapid growth of e-commerce companies have led to an increase in the number of retailers offering consumer electronics and food and beverage products. Hence, such factors are driving the market in Europe during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Eagle Group: The company offers mobile shelving such as Cantilevered Shelving Systems, Master Trak Overhead Track High Density Storage Systems, QuadPLUS 5 Tier Starter Units, Security Modules, Shelving Task Station Packages, and others.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

• Type Outlook
  • Manual
  • Electric
• End-user Outlook
  • Commercial
  • Academic
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth driven by evolving consumer buying behavior and the demand for modern warehouse efficiency. Customers across various sectors, including the food industry, finance industry, and media industry, are increasingly adopting wheeled traction systems like roller racking and rolling stack for enhanced storage solutions. These systems utilize electric motor-powered rollers to facilitate the seamless movement of shelves, making them ideal for storing a wide range of items, from books in academic and commercial settings to government records in the legal and medical fields.

Moreover, the key benefits of mobile shelving include maximizing floor space utilization, improving the reliability of storage systems, and ensuring easy access to stored materials in public libraries, academic libraries, and archives. Moreover, advancements in technological capabilities, coupled with favorable macroeconomic indicators, are driving the adoption of modern warehouse solutions incorporating mobile shelving for efficient storage management. However, challenges such as addressing demand-side dynamics and meeting specific requirements of different industries remain crucial for sustained growth in the market. Companies are focusing on developing innovative mobile shelving solutions tailored to the diverse needs of businesses across various sectors to capitalize on the expanding demand for modern storage solutions.

However, the market is experiencing substantial growth as businesses and institutions seek innovative storage solutions to optimize space and enhance organizational efficiency. Shelf systems, including moving shelf and fixed shelf configurations, are becoming increasingly popular in various sectors, such as academic settings, the medical field for record management, the legal field for document filing, and the accounting field for paperwork organization. Conventional filing cabinets are being replaced by advanced mobile shelving solutions, leveraging technological advancements to improve accessibility and storage capacity. These systems are designed to maximize ground space utilization while providing easy access to stored materials, making them ideal for libraries and other information-intensive environments. The market caters to the diverse needs of industries and institutions, offering customized solutions for efficient shelf management. With a focus on modernizing storage infrastructure and addressing space constraints, mobile shelving solutions are playing a crucial role in streamlining operations and improving workflow across various sectors.

Market Scope
Report Coverage	Details
Page number	154
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 4.33%
Market Growth 2024-2028	USD 259.65 million
Market structure	Fragmented
YoY growth 2023-2024(%)	4.19
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 33%
Key countries	US, China, India, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	AURORA STORAGE PRODUCTS, BRUYNZEEL STORAGE SYSTEMS BV, Eagle Group, Godrej and Boyce Manufacturing Co. Ltd., Inovaxe Corp., Jungheinrich AG, Kardex Holding AG, Konstant Infosolutions Pvt. Ltd., LinkMisr International, Lista AG, Madix Inc., Mecalux SA, Metal Storage Systems Pvt. Ltd, Montel Inc., Pipp Mobile Storage Systems Inc., Rackline, Rolex India Engineering Co., Spangle Steel Products, Storage Systems Ltd., and The Invicta Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market report forecast during the forecast period
• Detailed information on factors that will drive the growth of the market  between 2023 and 2028
• Precise estimation of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, Middle East and Africa, and South America
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of Industry companies

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