USD 7.5 billion
Warehouse Racking Market Size, Share, and Growth Analysis
Warehouse Racking Market By Carrying Capacity (Light Duty, Medium Duty), By Type (Selective Pallet, Push Back), By Application (Automotive, Food and Beverage), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2182 |
Region:
Global |
Published Date: February, 2025
Pages:
202
|Tables:
69
|Figures:
75
Format -
Warehouse Racking Market Insights
Warehouse Racking Market size was valued at USD 7.5 billion in 2023 and is poised to grow from USD 7.79 billion in 2024 to USD 10.58 billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032).
Growing demand for better warehousing solutions from different industry verticals and rising use of automation in warehouses are slated to help bolster the demand for warehouse racking going forward. The boom in e-commerce activity around the world and rising demand for faster deliveries through e-commerce are also forecasted to favor the global warehouse racking market growth in the long run. Rising number of cold storage facilities and advancements in warehouse automation technologies are also slated to drive the adoption of warehouse racking over the coming years. Rapid expansion of logistics operations and supply chain networks around the world is also anticipated to bolster the demand for warehouse racking in the future. However, high initial investments, dearth of skilled workforce, economic uncertainty, and high costs of maintenance are some key restraints that are forecasted to trouble warehouse racking companies across the study period and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Retail & E-commerce
Fastest Growth
Food & Beverage
Growth Rate
3.9% CAGR
Global Warehouse Racking Market ($ Bn)
Country Share for North America Region (%)
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Warehouse Racking Market Segments Analysis
Global Warehouse Racking Market is segmented by Carrying Capacity, Type, Application and region. Based on Carrying Capacity, the market is segmented into Light Duty, Medium Duty and Heavy Duty. Based on Type, the market is segmented into Selective Pallet, Push Back, Drive-In, Pallet Flow, Cantilever and Others. Based on Application, the market is segmented into Automotive, Food and Beverage, Manufacturing, Retail, Packaging and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Selective pallet racking is estimated to account for a prominent chunk of the global warehouse racking market share going forward. The inexpensive design of selective pallet racking systems and availability of high scope of customization are helping this segment hold sway over others. Easy accessibility and high compatibility with different machines and forklifts are also expected to bolster the adoption of selective pallet racking systems in the long run. High emphasis on improving storage density of warehouses around the world is also forecasted to create new opportunities for selective pallet racking providers over the coming years.
Meanwhile, the demand for push back racking is anticipated to rise at a steady CAGR across the forecast period. Superior selectivity and high storage density offered by push back racking systems are key factors creating new opportunities via this segment. The low risk of upright damage and the need for little to no maintenance of push back racking systems are also slated to offer new business scope for push back racking providers going forward. This type of racking solution is expected to be used extensively in climate-controlled warehouses or cold chain warehouses.
Analysis by Application
The retail and e-commerce segments are forecasted to account for a high share of the global warehouse racking industry going forward. Extensive requirement of warehouses to store different types of products in the retail & e-commerce industry allows this segment to hold sway over others. Rising emphasis on improving efficiency and productivity in warehouses and demand for better inventory management are also projected to create new opportunities for warehouse racking adoption in retail and e-commerce applications through 2032. Growing investments in retail infrastructure development and rising demand for faster delivery in e-commerce are also estimated to bolster the adoption of warehouse racking solutions in this segment.
On the other hand, the food & beverage segment is slated to account for the second-largest global warehouse racking market share in the future. Growing emphasis on improving the operational efficiency and productivity of food & beverage manufacturing and distribution industry is estimated to bolster the adoption of warehouse racking solutions. Efforts to maintain a steady supply chain of food and beverages to feed the expanding world population are also anticipated to bolster the demand for novel warehouse racking systems. Growing consumer demand for food products and beverages as disposable income rises could also create new opportunities for warehouse racking vendors looking to make the most of this segment.
Global Warehouse Racking Market By Application
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Warehouse Racking Market Regional Insights
North America is forecasted to account for a dominant share of the global warehouse racking industry going forward. Growing adoption of automation in warehouses, presence of a developed technological infrastructure, and a developed retail infrastructure are helping this region cement its dominance. The United States is slated to spearhead the demand for warehouse racking solutions owing to the presence of leading e-commerce companies and adoption of smart logistics. Canada is also another opportune market for warehouse racking providers looking to boost their business in the North American region through 2032. Construction of smart warehouses is also expected to bolster the demand for warehouse racking in this region.
Meanwhile, the demand for warehouse racking is estimated to increase at a rapid pace in Asia Pacific over the coming years. The boom in e-commerce and retail activity, rising adoption of smart warehousing solutions and technologies, and growing urbanization are expected to create new opportunities for warehouse racking companies in this region. The presence of a large consumer base and rising disposable income are also expected to favor the demand for warehouse racking solutions in Asia Pacific. China, India, and Japan are slated to emerge as the most opportune markets in this region through 2032 and beyond.
Global Warehouse Racking Market By Geography
- Largest
- Fastest
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Warehouse Racking Market Dynamics
Warehouse Racking Market Drivers
Adoption of Smart Warehousing
- Automation has become an essential part of the logistics industry around the world. Growing use of smart technologies and automated warehousing solutions necessitates the need for a proper racking infrastructure thereby making automation a key driver for the global warehouse racking market outlook in the long run.
Boom in e-Commerce Industry
- The e-commerce industry is witnessing a major hike in growth on a global level, which is projected to bolster the demand for more efficient logistics and warehousing solutions. Warehouse racking systems optimize storage capacity and streamline operations, making them essential for the rapidly expanding e-commerce businesses focusing on improving their logistics.
Warehouse Racking Market Restraints
Dearth of Skilled Workforce
- Installation, maintenance, and operation of warehouse racking systems requires skilled professionals, and the world is currently facing a shortage of such individuals. Hence, absence of skilled workforce is expected to impede the adoption of warehouse racking solutions and technologies, especially in developing economies where skilled professionals are very available on a very limited basis.
High Initial Costs
- Costs of initial installation of advanced warehouse racking systems are significantly high owing to the need for design, materials, and labor. However, these high costs can deter small companies from opting for warehouse racking solutions and thereby have a negative impact on the global warehouse racking market forecast across the forecast period.
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Warehouse Racking Market Competitive Landscape
Warehouse racking providers are focusing on developing new products to maximize the efficiency of warehouse operations. Creating awareness regarding the benefits of warehouse racking solutions and offering easy to use and install warehouse racking systems can help companies boost their revenue generation potential. Targeting the retail & e-commerce industry is expected to be the most beneficial strategy for all market players.
Top Players in Warehouse Racking Market
- Daifuku Co., Ltd. (Japan)
- KION Group AG (Germany)
- Schaefer Holding International GmbH (Germany)
- Interroll Holding AG (Switzerland)
- Mecalux S.A. (Spain)
- Jungheinrich AG (Germany)
- SSI Schaefer AG (Germany)
- Frazier Industrial Company (US)
- Stocklin Logistik AG (Switzerland)
- Kardex Group (Switzerland)
- Toyota Industries Corporation (Japan)
- Honeywell International Inc. (US)
- Constructor Group AS (Norway)
- Steel King Industries Inc. (US)
- RIDG-U-RAK, Inc. (US)
- Spacerack Manufacturing Ltd. (Australia)
Recent Developments
- In December 2023, Argosy Private Equity, a private equity firm from the United States announced the acquisition of a controlling stake in Wize Solutions. Wize is known around the world for its expertise in full-service warehouse racking, automation, and dock & door installation and this partnership is expected to help it expand its business scope on a global level.
- In September 2023, Ingka Group, the largest IKEA franchise holding company announced that it had signed an agreement for the delivery of Green Steel with H2 Green Steel. The move is part of the company’s effort to reduce its carbon footprint as this green steel was intended to be used in IKEA warehouse racking on a global level.
- In September 2023, Acrow, a leading innovator in the material handling space announced the installation of a novel mobile racking system at a Lusaka Cold Storage Facility in Zambia. Acrow was expected to deliver a mobile racking system with 3000 pallet positions to optimize storage efficiency for this cold room facility.
Warehouse Racking Key Market Trends
- Use of Modular Racking Solutions: Warehouse racking companies should focus on providing modular warehouse racking solutions to stand out from the competition and make installation and maintenance easier for end users. High flexibility and adaptability for a wide variety of warehouses are making modular racking systems highly popular among all kinds of end users around the world.
- Adoption of Green Warehousing: Warehouse racking providers are expected to target the sustainability trend to stay compliant with environmental regulations and the corporate sustainability goals of organizations. The use of eco-friendly racking materials and energy-efficient racking system designs are expected to help companies incorporate sustainability in their operations across the study period and beyond.
Warehouse Racking Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing adoption of smart warehousing technologies and boom in e-commerce industry are projected to bolster sales of warehouse racking going forward. Meanwhile, the high initial costs and dearth of skilled professionals are projected to slow down market development potential. The presence of leading e-commerce companies and quick adoption of smart technologies in logistics are helping North America emerge as the dominant market in the world for warehouse racking companies. Development of modular racking solutions and use of sustainable practices are also slated to offer new opportunities for warehouse racking companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.5 billion |
| Market size value in 2032 | USD 10.58 billion |
| Growth Rate | 3.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Warehouse Racking Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Warehouse Racking Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Warehouse Racking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Warehouse Racking Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Warehouse Racking Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Warehouse Racking Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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