Industrial Racking System Market to ride on call for Systematic Approach

Capacity expansion in the warehouses is being asked for. Add to it the online retail vertical, which is expected to catalyze the industrial racking system market. It is a known fact that systematic racking does help in the optimization of storage spaces, thereby increasing storage capacity. It saves on time as well, as locating the stuff would be much simpler.

Another advantage offered by a properly organized warehouse is that identifying and picking orders becomes much simpler. Plus, this increase in the storage capacity helps in storage of more products. At the same time, training regarding proper lifting the equipment needs to be imparted, which could prove to be fatal for the workforce otherwise. Persistence Market Research has walked through these facets with insights  in its latest market study entitled “Industrial Racking System Market”.

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Industrial Racking System Market Classification

The industrial racking system market, by carrying capacity, spans heavy duty, medium duty, and light duty. By design, it’s racking (selective racking, cantilever racking, push back racking, narrow & wide aisle racking, drive—in-racking, pallet flow racking, and carton flow racking), mobile racking (shelving, boltless shelving, open & closed shelving, single & multi-tier shelving, drawers & cabinets, and mobile, pigeon hole, mezzanine shelving). By end-use, it’s automotive, construction, chemical & pharmaceutical, food & beverage, retail & general purpose, e-Commerce, 3PLs, and textile & other manufacturing.

Out of these, retail & general purpose hold the largest market share due to growing numbers of warehouses, hypermarkets, supermarkets, and likewise. Food & Beverages come in second, especially due to the fact that their warehouses need higher—density storage structures wherein materials could be stored on rail-based system. Persistence Market Research has mentioned about these nitty-gritties with future prospects in its latest market study entitled “Industrial Racking System Market”.

Region—wise Snapshot

North America holds the largest market share. It, in fact, holds more than 20% of the market share. This could be credited to racking system being adopted pretty early herein. Plus, the demand for 100% automated warehouse facilities is expected to escalate the industrial racking system market. Also, in Europe, replacing obsolete technology is on the anvil.

That makes it stand second. The Asia-Pacific is expected to grow on a staggering note in the industrial racking system market in the forecast period due to enhancement in industrial infrastructure. Persistence Market Research has entailed these facts with future perspectives in its latest market study entitled “Industrial Racking System Market”.

Competitive Racking

Persistence Market Research has profiled the key players in the industrial racking system market as Kardex, Averys SA, Jungheinrich AG, Mecalux, SA, Daifuku Co., Ltd., SSI Schaefer, Ridg-U-Rak, Inc., Foothills Systems, Hannibal Industries, Cornix SA, Gonvarri Material Handling, ARPAC, AK Material Handling Systems, North American Steel Equipment Inc., EMRACK International, PROMAN, s.r.o., Nedcon B.V., and AR Racking.

Persistence Market Research has also mentioned about the developments on this count. For instance – ATOX Storage Systems, in May 2019, did install metal racks for Madrid-based pharmaceutical company. This installation was done in temperature-controlled chamber, that too, with capacity of 750 pallets. Also, Ridg-U-Rak, in May 2018, did launch Extendo-Max100V Roll-out shelves. That contains “V” roller shelf—guide mechanism.

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The capacity is 3K pounds/shelf. Daifuku does design several storage, material, sorting, and handling solution systems to manufacture, distribute, and manage the airport management system. Plus, there are automated technologies offered for racking system, wherein efficient handling of materials could be done.

What’s further?

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The global industrial racking system market is slated to grow substantially in the next 10 years – Persistence Market Research