Warehouse Racking Market Growth Factors Analysis, Overview and Forecast Report By 2028

Warehouse Racking Industry Overview

The global warehouse racking market size was valued at USD 8.49 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028.

Growing demand for capacity expansion in warehouses, coupled with the expanding online retail industry, is anticipated to benefit the market growth over the forecast period. Warehouse racking helps in optimizing the storage spaces and increases the storage capacity. In addition, it enhances the organization of the stored products. The systematic alignment of products in the warehouse makes it easier to identify, pick, and complete the order. In addition, it helps in minimizing the overall time.

The U.S. has emerged as one of the most severely affected countries due to the global pandemic outbreak in 2020. The threat of the rapid spread of infections led to curtailment or delay of infrastructure development projects in both the private and public sectors. This, in turn, led to a notable impact on the racking market in 2020 as it plays a crucial role in the development of transport and logistics infrastructure.

Gather more insights about the market drivers, restrains and growth of the Global Warehouse Racking Market

The global pandemic outbreak also led to the disruption of the global supply chain, which caused a two-way impact on the market for warehouse racking. Firstly, the stoppage in the global supply chain also delayed the warehouse expansion and maintenance plans of the private players. In addition, it led to a shortage of materials for the fabrication of racking due to a short-lived halt in transportation activities.

The market in the U.S. is expected to exhibit growth as the economy caters to a large e-commerce market, superior infrastructure and automation facility, and a highly-skilled workforce. In addition, the presence of major manufacturers and warehouse racking solution providers in the country leads to higher volume production and after-sales services. A well-organized warehouse makes it easier to identify and pick orders, thereby reducing the workforce requirement, which saves cost. In addition, with the increased storage capacity, one is able to store more products, which helps in fulfilling the orders on time without accumulating backorders for your most popular items or risking sales.

The lack of knowledge about the weight-bearing capacity of the warehouse racks among the workers leads to the overloading of racks beyond the engineered weight capacity. In addition, improper lift equipment training and lack of driver training result in rack damage. Moreover, irregular inspections and the use of low-quality materials are anticipated to limit market growth. Rising demand for easy product accessibility, maximum space utilization, product and worker safety, convenient workability, and overall performance enhancement in the application industries is likely to benefit the market growth. In addition, the availability of manual and automatic rack servicing is projected to offer growth opportunities for the market.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• Carbon Steel Pipe Fittings Market: The global carbon steel pipe fittings market size was valued at USD 6.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. The rising need to transport and store the materials in oil & gas, and petrochemicals industries are expected to assist the market growth.

• Steel Rebar Market: The global steel rebar market size was valued at USD 270.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. The market is anticipated to be driven by the rising investments in infrastructure development projects and construction activities. Government spending on propelling supporting infrastructural developments to boost economic growth is anticipated to benefit the market growth.

Warehouse Racking Market Segmentation

Grand View Research has segmented the global warehouse racking market on the basis of product, application, and region:

Warehouse Racking Product Outlook (Revenue, USD Million, 2017 - 2028)

• Selective Pallets

• Drive-in

• Push Back

• Pallet Flow

• Cantilever

• Others

Warehouse Racking Application Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive

• Food & Beverage

• Retail

• Packaging

• Manufacturing

• Others

Warehouse Racking Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Key Companies profiled:

Some prominent players in the Global Warehouse Racking Market include

• Daifuku Co., Ltd.

• Mecalux S.A.

• Kardex Group

• Hannibal Industries, Inc.

• Emrack International

• Jungheinrich AG

• AK Material Handling Systems

• SSI SCHAEFER Group

• Dematic

• Toyota Industries Corporation

Order a free sample PDF of the Warehouse Racking Market Intelligence Study, published by Grand View Research.