In this report, the Global Pallet Rack market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Pallet Rack market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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.
North America occupied the major 27% sales market share in 2018.
Market Analysis and Insights: Global Pallet Rack Market
In 2019, the global Pallet Rack market size was US$ 2421.1 million and it is expected to reach US$ 3608.4 million by the end of 2026, with a CAGR of 5.8% during 2021-2026.
Global Pallet Rack Scope and Market Size
Pallet Rack market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Pallet Rack market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Pallet Rack market is segmented into
Selective Pallet Rack
Drive-in and Drive-through Pallet Rack
Push-back Pallet Rack
Pallet Flow Rack
Selective pallet rack is the dominated type, which accounting for above 40% sales share in terms of volume in 2018.
Segment by Application, the Pallet Rack market is segmented into
The distribution centers hold an important share in terms of applications, and accounts for 41% of the market share.
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Pallet Rack Market Share Analysis
Pallet Rack market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Pallet Rack product introduction, recent developments, Pallet Rack sales by region, type, application and by sales channel.
The major companies include:
Unarco Material Handling
Elite Storage Solutions
Advance Storage Products
North American Steel
Sanshin Metal Working
Tianjin Master Logistics
Reasons to Buy This Research Report
- Complete access to Global Pallet Rack market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Pallet Rack markets including North America, Europe, MEA and Asia Pacific
- Global Pallet Rack Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Pallet Rack market segmentation
- Key trends, drivers and restraints for global Global Pallet Rack market
- Challenges to market growth for Global Pallet Rack manufacturers
- Key market opportunities of Global Pallet Rack Industry
About Crystal Market Reports
Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.