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Industrial Racking Systems Market

Industrial Racking Systems Market Size by Type (Cantilever Racking System, Selective Pallet Racking System, Push Back Pallet Racking System, Drive-in/Drive-thru Pallet Racking System and Others), Carrying Capacity (Light Duty Racks, Medium Duty Racks and Heavy Duty Racks), Industry Verticals, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12574
  • Published Date: Oct, 2024
  • Pages: 239
  • Category: Machinery & Equipment
  • Format: PDF
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Global industrial racking systems market is anticipated to reach USD 28.18 billion by 2033, at a CAGR of 7.1% from 2024 to 2033. With the introduction of technological developments in industrial racking systems, the warehousing market is rising. For storage purposes, industries use racking systems. The introduction of industrial racking systems for the warehousing industry has reduced the fatal injury risk. These racking systems are utilized to reduce improper stockpiling and repetitive motion injury. Industrial Racking Systems are used extensively in the e-commerce and retail sectors. This is because these sectors require a large space to store products and keep the items in an organized manner. These Industrial Racking Systems can be customized as per the requirement to meet the industry specific requirements.

Market Overview:

One of the main tools of the material handling business, rack is a steel structure consisting of beams, two or more upright frames, and storage supporting materials. Adding a racking system doubles and might even triple the volume of materials managed in the facility, and the addition of forklifts to a simple warehousing operation typically contributes to a jump of efficiency. Cantilever racking is primarily used to store long goods, such as timber sticks, plastic pipes, and steel rods. The racking consists of long arms protruding from a metal frame built specifically to store long or voluminous objects. Unlike several other forms of pallet racking systems, there is no front column in cantilever racking. This, in turn, increases the storage capacity and allows easy access to all the inventory and items. Pallet rack is a storage aid material handling system designed to stack materials (or "skids") on pallets. While there are several variations of pallet racking, all forms require the storing of palletised materials in multi-level horizontal rows. Forklift trucks are normally used to place the loaded pallets into the storage racks. Pallet racks allow easy access to the stored materials. Pallet rack systems maximize storage space while simplifying requirements for inventory. Selective racks offer access from an aisle and are the most commonly utilized pallet system. Such racks are suitable for racking narrow aisles, standard systems, and deep reach systems. Selective racks require special, narrow elevator trucks to fit a single pallet in depth. Push back pallet racking systems are built in structural or roll form and are rotated last in/first out. Such systems are suitable for storing many high-density items. Push back racking often increases stock accessibility, which enables specific inventory object selection. After loading or putting a pallet on the structure, the next pallet is 'pushed' back onto the rails which it lies firmly. They are 'pushed' towards the front of the structure when unloaded. Operational efficiency can be improved with the help of Industrial Racking Systems. Productivity also increases due to this as it takes less time to locate and reach the product, which makes it easier for the worker.

Industrial Racking Systems Market Size

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Market Dynamics:

Drivers
  • Diversification of logistics operations and e-commerce boom contributing to market growth

The global market for industrial racking systems is inextricably related to the volumes of trade, the manufacturing sector and e-commerce. Material handling industry and industrial racking systems remain heavily associated with the overall economy: as GDP increases, then the total demand for storage in the supply chain will also increase. Thus, boosting the industrial racking systems market growth.

  • Shortage of modern warehousing facilities prompting new construction

Construction of warehouses and US freight is skyrocketing, leading to a rising and stronger U.S. economy. In addition, a lack of modern warehouse facilities would contribute to a tough competition among U.S. e-commerce players for inventory. Given the shortage of modern storage capacity and the growing e-commerce in the U.S., there is a huge potential to create new warehouses and rebuild existing warehouses to ensure they satisfy current needs. Due to the growing demand from e-commerce companies, there is a lack of warehouse space around global cities, which translates into a strong growth pattern for industrial racking systems.

Restraints:
  • High investment cost

High investment cost of the industrial racking systems may hamper the market growth. Moreover, if racking is purchased with low cost, then these savings could soon be lost if the racking, for example, can’t be adapted to carry a set of pallets of a non-standard size. So, this factor may hamper the industrial racking systems market growth.

Opportunities:
  • Government policies for warehousing industry development

Government investment in industrial racking systems and in the warehousing industry generally and in particular development of industrial infrastructures is anticipated to provide a huge opportunity to the industrial racking systems market mainly in the Asia Pacific region.

Segmentation Analysis:

The global industrial racking systems market has been segmented on the basis of type, carrying capacity, industry verticals and regions.

  • The type segment is divided into cantilever racking system, selective pallet racking system, drive-in/drive-thru pallet racking system, push back pallet racking system and others. The selective pallet racking system segment led the global industrial racking systems market with a market share of around 24% in 2023. This is because selective pallet rack is the most common and flexible pallet racking system in the industry. It provides efficient space usage and instant access to every load stored using any form of forklift. This form of rack is available in easy to clean structural steel (ideal for food handling operations) that is debris-resistant. 
  • The carrying capacity segment includes light duty racks, medium duty racks and heavy duty racks. The medium duty racks segment is anticipated to grow at the highest CAGR of around 7.4% over the forecast period because of its features, it can be used in all divisions of industry with ease. The medium duty racking system basically comprises of single and double-sided racks organized in such a way that the aisles allow access to each and every pallet position providing 100 percent selectivity.
  • The industry verticals segment includes retail, food and beverages, pharmaceuticals and automotive. The automotive segment is projected to grow at the highest CAGR of 7.8% during the forecast period as the automotive industry depends heavily on the shelving method to store small parts of automobiles. Instead of mobile pallets the stock is put on static shelving units for quick and easy access.
Regional Segmentation Analysis:

The regions evaluated for the industrial racking systems market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region emerged as the largest market for the industrial racking systems, with a 27.5% share of market revenue in 2023.

North America Industrial Racking Systems Market Share in 2023 - 27.5%

 

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  • This was because as e-commerce and foreign trade expanded, the North America experienced an expansion of distribution facilities. Demand for smaller-scale facilities in urban areas is increased as e-commerce giants like Amazon launch day delivery services. This has increased the amount of warehouses that eventually fuelled the industrial racking systems’ demand in the region.
  • The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period as countries like China and are in a growing stage in Asia Pacific and the governments are focused on upgrading their warehousing facilities. Moreover, India's government is working with private sectors to build industrial racking systems technology and improve warehousing facilities by upgrading the infrastructure.
Competitive Analysis:

In May 2018, Ridg-U-Rak introduced Extendo-Max 100V Roll-out shelves, featuring a mechanism for "V" roller shelf-guides. These shelves have 3,000 pounds/shelf capacity.

  • AK Material Handling Systems
  • AR Racking,
  • ARPAC
  • Averys SA
  • Cornix SA
  • Foothills Systems
  • Gonvarri Material Handling
  • Hannibal Industries
  • Jungheinrich AG
  • Mecalux, S.A.
  • Nedcon B.V.
  • North American Steel Equipment Inc.
  • Ridg-U-Rak Inc.
  • SSI Schaefer
Key Target Audience
  • Industrial Racking Systems Manufacturer
  • Research and Consulting Firms
  • Food & Beverages Companies
  • Product Importers and Exporters
  • Raw Material Suppliers,  Producers, And Distributors
  • Automobile Companies

Report Description

  • Global Industrial Racking Systems Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020 to 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global Industrial Racking Systems market is based on revenue (USD Billion). The report incorporates the market study on the basis of revenue. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global Industrial Racking Systems market. The regions evaluated for the Industrial Racking Systems market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of Industrial Racking Systems and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global Industrial Racking Systems market.  This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global Industrial Racking Systems market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global Industrial Racking Systems market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the industrial racking systems market was valued at USD 14.2 billion in 2023 and is anticipated to reach USD 28.18 billion by 2033.

Global industrial racking systems market is growing at a CAGR of 7.1% during the forecast period 2024-2033.

The North America region emerged as the largest market for the industrial racking systems.

Diversification of logistics operations and e-commerce boom are the key driving factor for the industrial racking systems market.

High investment cost could hamper the market growth.

Government policies for warehousing industry development will provide huge opportunities to the market.

Key players are AK Material Handling Systems, AR Racking, ARPAC, Averys SA, Cornix SA, Foothills Systems, Gonvarri Material Handling, Hannibal Industries, Jungheinrich AG

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Carrying Capacity
          4.3.3. Market Attractiveness Analysis By Industry Verticals
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Diversification of Logistics Operations and E-commerce Boom
          5.2.2. Shortage of Modern Warehousing Facilities Prompting New Construction
    5.3. Restraints
          5.3.1. High Investment Cost
    5.4. Opportunities
          5.4.1. Government Policies for Warehousing Industry Development

6. Global Industrial Racking Systems Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Cantilever Racking System
    6.3. Selective Pallet Racking System
    6.4. Push Back Pallet Racking System
    6.5. Drive-in/Drive-thru Pallet Racking System
    6.6. Others

7. Global Industrial Racking Systems Market Analysis and Forecast, By Carrying Capacity
    7.1. Segment Overview
    7.2. Light Duty Racks
    7.3. Medium Duty Racks
    7.4. Heavy Duty Racks

8. Global Industrial Racking Systems Market Analysis and Forecast, By Industry Verticals
    8.1. Segment Overview
    8.2. Retail
    8.3. Food and Beverages
    8.4. Pharmaceuticals
    8.5. Automotive

9. Global Industrial Racking Systems Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Industrial Racking Systems Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Industrial Racking Systems Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. AK Material Handling Systems
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. AR Racking
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. ARPAC
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Averys SA
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Cornix SA
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Foothills Systems
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Gonvarri Material Handling
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Hannibal Industries
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Jungheinrich AG
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Mecalux, S.A.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Nedcon B.V.
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. North American Steel Equipment Inc.
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Ridg-U-Rak Inc.
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. SSI Schaefer
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis

List of Table

1. Global Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

2. Global Cantilever Racking System In Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

3. Global Selective Pallet Racking System In Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

4. Global Push Back Pallet Racking System In Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

5. Global Drive-in/Drive-thru Pallet Racking System Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

6. Global Others Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

7. Global Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

8. Global Light Duty Racks, Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

9. Global Medium Duty Racks, Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

10. Global Heavy Duty Racks, Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

11. Global Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

12. Global Retail, Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

13. Global Food and Beverages, Industrial Racking Systems Market, By Region, 2020–2033 (USD Billion)

14. Global Pharmaceuticals, Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

15. Global Automotive, Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

16. Global Industrial Racking Systems Market, By Region, 2020–2033(USD Billion)

17. Global Industrial Racking Systems Market, By North America, 2020–2033(USD Billion)

18. North America Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

19. North America Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

20. North America Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

21. U.S. Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

22. U.S. Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

23. U.S. Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

24. Canada Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

25. Canada Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

26. Canada Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

27. Mexico Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

28. Mexico Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

29. Mexico Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

30. Europe Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

31. Europe Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

32. Europe Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

33. Germany Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

34. Germany Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

35. Germany Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

36. France Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

37. France Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

38. France Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

39. U.K. Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

40. U.K. Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

41. U.K. Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

42. Italy Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

43. Italy Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

44. Italy Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

45. Spain Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

46. Spain Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

47. Spain Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

48. Asia Pacific Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

49. Asia Pacific Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

50. Asia Pacific Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

51. Japan Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

52. Japan Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

53. Japan Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

54. China Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

55. China Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

56. China Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

57. India Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

58. India Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

59. India Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

60. South America Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

61. South America Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

62. South America Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

63. Brazil Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

64. Brazil Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

65. Brazil Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

66. Middle East and Africa Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

67. Middle East and Africa Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

68. Middle East Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

69. UAE Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

70. UAE Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

71. UAE Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

72. South Africa Industrial Racking Systems Market, By Type, 2020–2033(USD Billion)

73. South Africa Industrial Racking Systems Market, By Carrying Capacity, 2020–2033(USD Billion)

74. South Africa Industrial Racking Systems Market, By Industry Verticals, 2020–2033(USD Billion)

List of Figures 

1. Global Industrial Racking Systems Market Segmentation

2. Industrial Racking Systems Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Industrial Racking Systems Market Attractiveness Analysis By Type

9. Global Industrial Racking Systems Market Attractiveness Analysis By Carrying Capacity

10. Global Industrial Racking Systems Market Attractiveness Analysis By Industry Verticals

11. Global Industrial Racking Systems Market Attractiveness Analysis By Region

12. Global Industrial Racking Systems Market: Dynamics

13. Global Industrial Racking Systems Market Share By Type (2023 & 2033)

14. Global Industrial Racking Systems Market Share By Carrying Capacity (2023 & 2033)

15. Global Industrial Racking Systems Market Share By Industry Verticals (2023 & 2033)

16. Global Industrial Racking Systems Market Share by Regions (2023 & 2033)

17. Global Industrial Racking Systems Market Share by Company (2023)

This study forecasts revenue growth at global, regional, and country levels from 2017 to 2027. The Brainy Insights has segmented the global Industrial Racking Systems market on the basis of below mentioned segments:

Global Industrial Racking Systems Market by Type:

  • Cantilever Racking System
  • Selective Pallet Racking System
  • Push Back Pallet Racking System
  • Drive-in/Drive-thru Pallet Racking System
  • Others

Global Industrial Racking Systems Market by Carrying Capacity:

  • Light Duty Racks
  • Medium Duty Racks
  • Heavy Duty Racks

Global Industrial Racking Systems Market by Industry Verticals:

  • Retail
  • Food and Beverages
  • Pharmaceuticals
  • Automotive

Global Industrial Racking Systems Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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