Warehouse Racking Market Size Worth $13.49 Billion By 2032 | CAGR: 4.0%

The global warehouse racking market size is expected to reach USD 13.49 billion by 2032, according to a new study by Polaris Market Research. The report “Warehouse Racking Market Share, Size, Trends, Industry Analysis Report, By Product (Selective Pallet, Drive-In, Push Back, Pallet Flow, Cantilever, and Others); By Carrying Capacity; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing awareness regarding the optimal use of space through the various supply channels, including storage services, distribution centers, and stockyards, and the surging popularity of these systems, as it offers cost-effective and systematic storage operations for various types of fragile and bulky objects, are key factors promoting the market growth at a rapid pace. Moreover, exponential growth in the construction activities for new warehouses and distribution centers and innovations in warehouse racking systems undertaken by key companies will also boost the demand and development of the market. For instance, in February 2023, Tier-Rack Corporation unveiled its new line of storage racks, which help them to meet growing industrial storage needs. The new line of heavy-duty, self-assembled stack racks is a unique solution allowing users to add extra racks to fit their needs better.

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Sustainability is becoming a more significant concern in the warehouse racking market in recent years, due to which many companies are looking for ways to reduce their environmental impact, and they are highly investing in racking solutions that are made from sustainable materials or can be easily recycled at the end of their lifespan. Customization is another trend getting in shape over the last few years, and customers are increasingly demanding racking solutions that can be tailored to their specific needs and requirements. Thereby, several large companies across the globe are responding by offering more customizable solutions, such as racks that can be adjusted to accommodate different product sizes or shapes.

Warehouse Racking Market Report Highlights

• Selective pallet segment accounted for largest market share in 2022, on account of its growing adoption across numerous industries including food & beverages, retail, and automotive
• Medium duty segment held the significant market share in 2022, which is mainly driven by extensive rise in eCommerce and online shopping preferences across the globe
• Automotive segment is projected to grow at a significant CAGR during the forecast period, mainly due to widespread utilization of these systems to effective store automotive parts & components
• North America region dominated the market with largest market share in 2022, owing to availability of well-developed and advanced distribution network and growing consumer preferences towards online shopping
• The global key market players include Kardex Group, Emrack International, AK Material Handling Systems, SSI Schaffer Group, and Warehouse Rack Company

Polaris Market Research has segmented the warehouse racking market report based on product, carrying capacity, application, and region:

Warehouse Racking, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Selective Pallet
• Drive-In
• Push Back
• Pallet Flow
• Cantilever
• Others

Warehouse Racking, Carrying Capacity Outlook (Revenue - USD Billion, 2019 - 2032)

• Light Duty
• Medium Duty
• Heavy Duty

Warehouse Racking, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive
• Food & Beverage
• Retail
• Packaging
• Manufacturing
• Others

Warehouse Racking, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Warehouse Racking Market Report Scope