Warehouse Racking Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43352
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The warehouse racking market has the potential to grow by USD 1.74 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.92%.

This warehouse racking market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive industry, food and beverage industry, retail industry, and other industries) and geography (APAC, North America, Europe, MEA, and South America). The warehouse racking market report also offers information on several market vendors, including AK Material Handling Systems, Daifuku Co. Ltd., Honeywell International Inc., Interroll Holding AG, Kardex AG, KION GROUP AG, Mecalux SA, Murata Machinery Ltd., SSI SCHAEFER Group, and Toyota Industries Corp. among others.

What will the Warehouse Racking Market Size be in 2021?

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Warehouse Racking Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for storage and warehousing is notably driving the warehouse racking market growth, although factors such as large fluctuations in raw material costs affect the profitability of suppliers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the warehouse racking industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the warehouse racking market is the increasing demand for storage and warehousing.
  • Storage and warehousing are some of the critical non-core activities of a business.
  • Businesses are increasingly considering outsourcing storing and warehousing to logistics companies.
  • Logistics partners offer their clients warehousing solutions for incoming raw material and outgoing finished goods with specially designed shelves and racks, inventory control software, and specialized material handling equipment.
  • Racking systems such as drive-in or drive-through racks and mezzanine flooring warehouse racks help utilize the space efficiently by increasing the storage density.
  • The convenience in consumption is another major factor supporting the warehouse racking market share growth.
  • The growing population, increasing urbanization, and changing lifestyles are resulting in increased demand for packaged and unpackaged food products that are ready to eat.
  • Vendors are providing better services like faster and in-time deliveries of products, owing to the rise in competition among food-producing companies globally.
  • The rise in consumption of packaged food and beverages is expected to increase the demand for warehouses near the cities so that on-time delivery can be provided, this, in turn, will aid the market for warehouse racking.

This warehouse racking market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Warehouse Racking Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AK Material Handling Systems
  • Daifuku Co. Ltd.
  • Honeywell International Inc.
  • Interroll Holding AG
  • Kardex AG
  • KION GROUP AG
  • Mecalux SA
  • Murata Machinery Ltd.
  • SSI SCHAEFER Group
  • Toyota Industries Corp.

 

This statistical study of the warehouse racking market encompasses successful business strategies deployed by the key vendors. The warehouse racking market is fragmented and the vendors are deploying growth strategies such as modernizing their manufacturing processes and developing efficient application-specific racks and integrated racks to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The warehouse racking market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Warehouse Racking Market?

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62% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and India are the key markets for warehouse racking market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing demand for warehouse racking among automotive, food and beverage, retail, and other end-users from developing countries such as China and India will facilitate the warehouse racking market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Warehouse Racking Market?

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The warehouse racking market share growth by the automotive industry segment will be significant during the forecast period. Automakers handle numerous parts with various shapes and sizes, companies must ensure that parts that are needed are only moved. Otherwise, materials could be misplaced, damaged, or misapplied. Shelving is ideal for quick and easy access to stock. Growth in the passenger car and commercial vehicle segments is driving the demand for racks across the world.

This report provides an accurate prediction of the contribution of all the segments to the growth of the warehouse racking market size and actionable market insights on post COVID-19 impact on each segment.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 5.92%

Regional analysis

APAC, North America, Europe, MEA, and South America

Key consumer countries

China, US, Germany, South Korea (Republic of Korea), and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AK Material Handling Systems, Daifuku Co. Ltd., Honeywell International Inc., Interroll Holding AG, Kardex AG, KION GROUP AG, Mecalux SA, Murata Machinery Ltd., SSI SCHAEFER Group, and Toyota Industries Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, 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 Factors Covered in this Warehouse Racking Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive warehouse racking market growth during the next five years
  • Precise estimation of the warehouse racking market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the warehouse racking industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of warehouse racking market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Warehouse Racking Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.92%

Market growth 2021-2025

$ 1.74 billion

Market structure

Fragmented

YoY growth (%)

4.91

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 62%

Key consumer countries

China, US, Germany, South Korea (Republic of Korea), and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AK Material Handling Systems, Daifuku Co. Ltd., Honeywell International Inc., Interroll Holding AG, Kardex AG, KION GROUP AG, Mecalux SA, Murata Machinery Ltd., SSI SCHAEFER Group, and Toyota Industries Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive industry - Market size and forecast 2020-2025
    • Food and beverage industry - Market size and forecast 2020-2025
    • Retail industry - Market size and forecast 2020-2025
    • Other industries - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AK Material Handling Systems
      • Daifuku Co. Ltd.
      • Honeywell International Inc.
      • Interroll Holding AG
      • Kardex AG
      • KION GROUP AG
      • Mecalux SA
      • Murata Machinery Ltd.
      • SSI SCHAEFER Group
      • Toyota Industries Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The warehouse racking market growth will increase by $1355.33 million during 2019-2024.
      The warehouse racking market is expected to grow at a CAGR of 4.74% during 2019-2024.
      Technavio has segmented the warehouse racking market by end user (Automotive industry, Food and beverage industry, Retail industry, and Other industries) and geographic (North America, APAC, Europe, South America, and MEA).
      Daifuku Co. Ltd., Honeywell International Inc., Interroll Holding AG, Kardex AG, KION GROUP AG, Mecalux SA, Murata Machinery Ltd., SSI SCHAEFER Group, TGW LOGISTICS GROUP, Toyota Industries Corp. are a few of the key vendors in the warehouse racking market.
      North America will register the highest growth rate of 34.98% among the other regions. Therefore, the warehouse racking market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the warehouse racking market growth are:
      • Increasing demand for storage and warehousing
      • Increasing adoption of omnichannel strategies
      The warehouse racking market vendors should focus on grabbing business opportunities from the automotive industry segment as it accounted for the largest market share in the base year.
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