Global Pallet Rack Market Research Report 2024

Pallet rack is a material handling storage aid system designed to store materials on pallets (or “skids”). Although there are many varieties of pallet racking, all types allow for the storage of palletized materials in horizontal rows with multiple levels. Since the Second World War, pallet racks have become an essential and ubiquitous element of most modern warehouses, manufacturing facilities, retail centers, and other storage and distribution facilities.

All types of pallet racking increase storage density of the stored goods. Costs associated with the racking increases with increasing storage density.

The global Pallet Rack market was valued at US$ 2746.2 million in 2023 and is anticipated to reach US$ 3827.8 million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.

The major types of Pallet Rack are Selective pallet rack, Drive-in and drive-through pallet rack, Push-back pallet rack, Pallet flow rack, etc. Selective pallet rack is the dominated type, which accounting for above 40% sales share in terms of volume.

Averys, SSI SCHAEFER, Unarco Material Handling, Ridg-U-Rak, KION Group, Steel King, Mecalux and Elite Storage Solutions are the top 8 players of Pallet Rack, with about 20% market shares. In 2018, North America accounted for 27% of the primary sales market share.

This report aims to provide a comprehensive presentation of the global market for Pallet Rack, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pallet Rack.

Report Scope

The Pallet Rack market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Pallet Rack market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Pallet Rack manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation


By Company


Averys

SSI SCHAEFER

Unarco Material Handling

Ridg-U-Rak

KION Group

Steel King

Mecalux

Elite Storage Solutions

Daifuku

Advance Storage Products

AR Racking

Inform

Hannibal Industries

Nedcon

JINGXING

TKSL

Frazier Industrial

Top-tiger

Murata Machinery

Rack Builders

North American Steel

Speedrack Products

Constructor Group

Ouyade

Sanshin Metal Working

Nanjing Kingmore

Tianjin Master Logistics

Jiangsu NOVA


Segment by Type


Selective Pallet Rack

Drive-In and Drive-Through Pallet Rack

Push-Back Pallet Rack

Pallet Flow Rack

Others


Segment by Application


Distribution Centers

Manufacturing Facilities

Large-Scale Retail

Others


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Pallet Rack manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Pallet Rack by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Pallet Rack in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Frequently Asked Questions