Pallet Racking Systems Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Push Back Rack, Drive In Rack, Selective Pallet Rack, Double Deep Rack, Others), By Application (Boxes, Drums, Pipes, Trays And Crates, Others), By End-User (Healthcare, Food And Beverage, Electronics, Packaging, Building And Construction, Chemicals, Others) And By Geography - Forecasts From 2019 To 2024

The global pallet racking systems market is expected to grow at a CAGR of 6.32% over the forecast period to reach US$13.157 billion by 2024 from US$9.110 billion in 2018. Pallet racking systems are product-handling storage systems that can be used to store products on pallets. The key industries driving the demand for pallet racking systems are food and beverage, packaging, building and construction, healthcare, chemicals, and electronics among others. The growing E-commerce sector along with the increasing logistics industry is expected to drive the market for pallet racking systems. Furthermore, increasing demand for warehouse space is projected to boost the market. In addition, easy storage, space efficiency, and better organization of products along new innovations are anticipated to create growth opportunities for the pallet racking systems market. Asia-Pacific is expected to experience significant growth owing to the increasing investments in e-commerce and manufacturing. North America and Europe are also anticipated to show a significant demand for pallet racking systems owing to the trade exports and imports in the region.

DRIVERS
Growing logistics industry.
Increasing demand for warehouse space.

RESTRAINTS
The budget constraint for SMEs

INDUSTRY UPDATES
In March 2018, Averys acquired Storax a company dealing in high-density storage systems.

The major players profiled in the pallet racking systems market include Interroll Holding Limited, Averys, SSI Schaefer, Montel Inc., Nedcon B.V., Gonvarri Material Handling, Hannibal Industries, Frazier Industrial Company, Elite Storage Solutions Inc., Daifuku Co. Ltd, AK Material Handling Systems, Estral Innovation, and Applied Logistics.

Pallet Racking Systems Market  Scope:

SEGMENTATION

The pallet racking systems market has been analyzed through the following segments:

By Type
Push back rack
Drive in rack
Selective pallet rack
Double deep rack
Others

By Application
Boxes
Drums
Pipes
Trays and Crates
Others

By End-User
Healthcare
Food and Beverage
Electronics
Packaging
Building and Construction
Chemicals
Others

• By Geography
o North America
? USA
? Canada
? Mexico
? Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others