Press Release

Global Pallet Rack market is Expected to Reach USD 3,049 million USD by 2023

Date : Dec 10, 2018

New report published by Global QYResearch which offers insights on the global Pallet Rack market. The Pallet Rack market has been experiencing steady growth graph since past years. The Global Pallet Rack market sales value was 2,151 Mn USD in 2017, and it is projected to reach 3,049 Mn USD in 2023, with a CAGR (Compounded Annual Growth Rate) of 5.99% from 2017 to 2023.

This report studies the Pallet Rack market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyses the top players in global and major regions, and splits the Pallet Rack market by product type and applications/end industries.

 Global Pallet Rack Market: Market Driver and Restraint

Increasing demand of downstream industrials, such as Distribution Centers, Manufacturing Facilities, Large-Scale Retail, Other.

Global Pallet Rack Market: Forecast by Type

On the basis of product, market is primarily split into –Selective pallet rack, Drive-in and drive-through pallet rack, Push-back pallet rack, Pallet flow rack, Others. Selective pallet rack is dominated type with a CAGR of 5.73% in terms of revenue in the forecast period from 2017 to 2023.

Global Pallet Rack Market: Forecast by Application

Application segment consists of Distribution Centers, Manufacturing Facilities, Large-Scale Retail, Others. Dominated application is Distribution Centers.

Global Pallet Rack Market: Forecast by Region

Geographically, this report is segmented into several key Regions, with revenue, market share and growth rate of Pallet Rack in these regions, from 2013 to 2023 (forecast), covering –North America, Europe, China, Japan, Asia-Pacific Other, ROW. North America is the largest region. The China market is expected to expand at a robust rate of 7.80% in terms of revenue over the forecast period.

Global Pallet Rack Market: Key Players

Averys, SSI SCHAEFER, Unarco Material Handling, Ridg-U-Rak, KION Group, Steel King, Mecalux, Elite Storage Solutions, Daifuku, Advance Storage Products, AR Racking, Inform, Hannibal Industries, Nedcon, JINGXING, TKSL, Frazier Industrial, Top-tiger, Murata Machinery, Rack Builders, North American Steel, Speedrack Products, Constructor Group, Ouyade, Sanshin Metal Working, Nanjing Kingmore, Tianjin Master Logistics, Jiangsu NOVA are the key vendors included in this report. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

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