The global industrial racking systems market is likely to witness considerable growth in the coming years due to recent product advancements. According to a report published by Fortune Business Insights, titled “Industrial Racking Systems“ Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at USD 10,179.2 Mn in 2018. Fortune Business Insights predicts that the market will reach USD 15,186.1 Mn by 2026, thereby exhibiting a CAGR of 5.2%.
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Industrial racking systems are widely used in all types of business, warehouses, and other hubs to stack up and store goods. The ability of industrial racking systems to differentiate, identify, label, and provide ease of locating items in the warehouses have led to a rising uptake for these products across the world.
Technological advancements in industrial racking systems have offered a massive growth platform for the industrial racking systems companies. The increasing number of manufacturing and retail outlet units will lead to an increase in the global industrial racking systems market revenue in the forthcoming years. In addition to the aforementioned factors, growing logistic activities and increasing number of logistic companies will directly lead to an increase in the uptake for industrial racking systems across the world.
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1. By Type
- Cantilever Racking System
- Drive-in/Drive-thru Pallet Racking System
- Selective Pallet Racking System
- Push Back Pallet Racking System
3. By Industry Verticals
- Food and Beverages
3. By Region
- North America (USA and Canada and Rest of North America)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Table of Content
5. Global Industrial Racking Systems Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Type (USD Mn)
5.2.1. Cantilever Racking System
5.2.2. Drive-in/Drive-thru Pallet Racking System
5.2.3. Selective Pallet Racking System
5.2.4. Push Back Pallet Racking System
5.3. Market Sizing Estimations and Forecasts – By industry Verticals (USD Mn)
5.3.4. Food and Beverages
5.4. Market Analysis, Insights and Forecast – By Geography (USD Mn)
5.4.1. North America
5.4.3. Asia Pacific
5.4.4. Middle East and Africa
5.4.5. Latin America
6. North America Industrial Racking Systems Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Sizing Estimations and Forecasts – By Type (USD Mn)
6.2.1. Cantilever Racking System
6.2.2. Drive-in/Drive-thru Pallet Racking System
6.2.3. Selective Pallet Racking System
6.2.4. Push Back Pallet Racking System
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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