According to market research study published by Gen Consulting Company, the market size of the global pallet racking sector is expected to rise by USD 4.3 billion with a CAGR of 4.7% by the end of 2028.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global pallet racking market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the pallet racking industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the system type, racking type, end user, and region. The global market for pallet racking can be segmented by system type: conventional, mobile racking, shuttle racking, hybrid and customized, racking. The conventional segment held the largest share of the global pallet racking market in 2021 and is anticipated to hold its share during the forecast period. Pallet racking market is further segmented by racking type: cantilever, selective, push back, drive-in, pallet flow, carton flow, others. Globally, the selective segment made up the largest share of the pallet racking market. Based on end user, the pallet racking market is segmented into: automotive, food and beverage, logistic, manufacturing, retail, others. The retail segment was the largest contributor to the global pallet racking market in 2021. On the basis of region, the pallet racking market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific is estimated to account for the largest share of the global pallet racking market.

Market Segmentation
By system type: conventional, mobile racking, shuttle racking, hybrid and customized, racking
By racking type: cantilever, selective, push back, drive-in, pallet flow, carton flow, others
By end user: automotive, food and beverage, logistic, manufacturing, retail, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The global pallet racking market report offers detailed information on several market vendors, including Daifuku Co., Ltd., Gonvarri Material Handling, Hannibal Industries, Inc., KION Group, Mecalux SA, Schaefer Systems International, Inc., Unarco Material Handling, Inc., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global pallet racking market.
– To classify and forecast the global pallet racking market based on system type, racking type, end user, region.
– To identify drivers and challenges for the global pallet racking market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global pallet racking market.
– To identify and analyze the profile of leading players operating in the global pallet racking market.

Why Choose This Report
– Gain a reliable outlook of the global pallet racking market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.