Precision Business Insights has published a report on the global pallet racking market, estimating its value at USD 12.5 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/pallet-racking-market

Market Definition:

Pallet racking is a type of storage system used in warehouses, distribution hubs, and industrial facilities to hold goods on pallets, sometimes known as "skids." It makes effective use of both vertical and horizontal space, making it possible to store huge numbers of items in an organized manner while yet keeping forklifts and pallet jacks easily accessible.

Drivers:

1) Rapid growth of e-commerce and retail sector.
2) Increased need of warehouse space optimisation.

The global pallet racking market segmentation:

1) By System: Conventional, Mobile Racking, Shuttle Racking, and Customized Racking.
2) By System Racking Type: Cantilever Racking, Selective Racking, Push Back Racking, Drive-In Racking, Pallet Flow Racking, and Carton Flow Racking. Frame
3) By Load Capacity: Up To 5 Ton, 5 – 15 Ton, and Above 15 Ton.
4) By End User: Automotive, Food & Beverage, Healthcare, Electrical & Electronics, Building & Construction, Mining, Retail, Chemical, Manufacturing, and Warehouse.

Regional Overview:
The report also examines the current concerns and their Future Effects on the pallet racking market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the pallet racking market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like SSI Schafer, Mecalux S.A. AR Racking, Averys S.A. KION Group, Steel King Industries, Ridg-U-Rak, Unarco Material Handling, Daifuku Co., Ltd. Constructor Group AS, Link51 (Whittan Group) Heda Shelves Co., Ltd. Kingmore Racking, Sunny Rack, Spangle Steel Products, MEX Storage Systems Pvt. Ltd. PRK Steel Products Pvt. Ltd. Elite Storage Solutions, North American Steel Equipment Inc. Nedcon B.V. Hannibal Industries, Advance Storage Products, Interlake Mecalux, Inform Storage Systems, Jiangsu NOVA Racking, UMH (United Material Handling) Stow International, Dexion Group, Gonvarri Material Handling, Frazier Industrial Company.

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