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Pallet Racking Market Research Report - Global Forecast 2025

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Shweta Raj
Pallet Racking Market Research Report - Global Forecast 2025

The Global Pallet Racking Market size was valued at USD 8.2 billion in 2018, which is expected to witness 6.8% CAGR during the forecast period.Global Pallet Racking Market Research Report: Information by System (Conventional, Mobile Racking, Shuttle Racking and Hybrid/Customized Racking), Racking System Type (Cantilever Racking, Selective Racking, Push Back Racking, Drive-In Racking, Pallet Flow Racking, Carton Flow Racking and others), Frame Load Capacity (Up to 5 Ton, 5–15 Ton and Above 15 Ton), End-Use Industry (Automotive, Food & Beverage, Retail, Manufacturing, Warehouse & Logistics and others) and Region (North America, Europe, Asia-Pacific and South America) - Forecast till 2025

Market Highlights

The Global Pallet Racking Market is estimated to witness significant growth during the forecast period owing to the rise in warehousing and logistics industries. The increase in global trade activities in emerging economies and a rise in trade-related agreements is likely to drive the global pallet racking market. The growing logistics and warehousing infrastructure and advancement in information technology and transportation industries are the prime factors, which is expected to create a higher demand for pallet racking.

The Global Pallet Racking Market size was valued at USD 8.2 billion in 2018, which is expected to witness 6.8% CAGR during the forecast period.

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Regional Analysis:

Based on region, the global pallet racking market is segmented as Europe, Asia-Pacific, North America, South America, and Middle East & Africa. Asia-Pacific is expected to dominate the global market, followed by North America. The market in Asia-Pacific is primarily driven by growing e-commerce logistics in China and India.

The global pallet racking market size was valued at USD 8.2 billion in 2018, which is expected to witness 6.8% CAGR during the forecast period.

The global market is segmented, based on system type, into conventional, mobile racking, shuttle racking, and hybrid/customized racking. The hybrid/customized system is estimated to hold the majority of market share in the forecast period.

The global market is segmented, based on racking system type, into cantilever racking, selective racking, push back racking, drive-in racking, pallet flow racking, carton flow racking, and others. The selective racking likely to dominate the global pallet racking market, with 31% share of the total in 2018, will likely to continue its dominance during the forecast period.

The global market is segmented, based on load capacity, into up to 5 ton, 5–15 ton, and above 15 ton. The 5–15 ton segment is likely to hold the largest share of the market as it is mostly used for small warehouses.

Based on end-use industry, the global pallet racking market is segmented into automotive, food & beverage, retail, manufacturing, warehouse & logistics, and others. The warehouse & logistics segment accounted for the largest market share in 2018 and is expected to witness the fastest growth during the forecast period.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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