Global Warehouse Racking Market Overview:
Warehouse racking accelerate the operation in warehouse. With proper warehouse racking, warehouse managers maximize space and enhance warehouse business for efficiency and a rationalized picking process. There are numerous types of warehouse racking systems, which also are known as pallet racks handling systems. Wooden, metal, or plastic pallets, are combined with larger racking systems included of shelves at various levels. Flooring bases are accessible in different widths to support objects placed on the racks in storage. In many cases, warehouse racking is some feet high and needs forklifts for the loading process.
- Rapidly Growing E-Commerce and Logistics Industry
- Increasing Warehouse Space Optimization
- Growing Popularity of Omni-channel
- Fluctuating Prices of Raw Material
- Rising Demand from Emerging Economics
- Increasing Investment in Infrastructural Development
- High Cost Related to the Warehouse Racking
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Some of the key players profiled in the report are Jungheinrich AG (Germany), PROMAN s.r.o. (Czech Republic), SSI SCHAEFER (India), Link51 (United Kingdom), Toyota Material Handling (Sweden), Daifuku (Japan), Dematic (United States), Vanderlande (Netherlands), AK Material Handling Systems (United States), BEUMER Group (Germany) and Constructor Group AS (Norway). Additionally, following companies can also be profiled that are part of our coverage like DMW&H (United States), Fives Group (France), FlexLink (Sweden) and Groupe Legris Industries (Belgium). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Warehouse Racking market by 2024. Considering Market by System Configurations, the sub-segment i.e. Selective Racks will boost the Warehouse Racking market. Considering Market by Material Used, the sub-segment i.e. Wooden will boost the Warehouse Racking market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Warehouse Racking market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Warehouse Racking market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Warehouse Racking, Suppliers of Warehouse Racking, Wholesalers, Distributors and Retailers of Warehouse Racking, Manufacturing Industry, Food & Beverage Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.