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The new report by Expert Market Research titled, ‘Global Industrial Racking System Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global industrial racking system market, assessing the market based on its segments like type, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
The industrial racking systems market is expected to grow in the forecast period due to many advantages compared to other material handling equipment, such as easy adaptability and installation procedures. The demand for industrial racking systems is relatively mature in North America, leading to a rising number of warehouses in many industries, such as food and drinks, manufacturing, agriculture, semiconductors, cars, and others. Furthermore, owing to the growing rise in the logistics industry, the market for industrial racking systems has grown over the past few years. In order to make the transportation of packages easier and more effective, warehousing companies are concentrating on investing in the production of smart warehouses, thus growing the demand for industrial racking systems.
Industry Definition and Major Segments
In all types of manufacturing, warehouses, and other centres, industrial racking systems are widely used to stack up and store goods. The ability of industrial racking systems to identify, categorise, label, and make it easy to locate commodities in warehouses has led to an increasing global adoption of these products.
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By type, the market is divided into:
On the basis of end use, the market is segmented into:
The regional markets for the product include:
The global market for industrial racking systems is inextricably tied to trade rates, e-commerce, and the automotive sector. The material handling industry and industrial racking systems tend to be closely linked to the economy as a whole, if the GDP increases, the overall stock demand of the supply chain could also increase. In the worldwide logistics market, a mind-boggling scope of container and payload-based transport areas is also noticed. Logistics is one of the most important fundamental undertakings in any economy, since it regulates the advancement of products from the point of departure to that of consumption; thus, the industry needs a convergence of the angles of manufacturing, packing, bundling, transport, inventory control, supply chain management, procurement, and delivery security.
The major players in the market are Nedcon B.V., Jungheinrich AG, Daifuku Co., Ltd., Gonvarri Material Handling AS, BEUMER Group GmbH & Co. KG, and Cornix Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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