Pallet Racking Market Growth Opportunities And Trends Forecast To 2032

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Pallet Racking Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Pallet Racking Market Segments
The Business Research Company segments its
Pallet Racking Market report as
Conventional, Mobile Racking, Shuttle Racking And
Hybrid/Customized Racking
By System
Up to 5 Ton, 5 to 10 Ton, Above 15 Ton
By Frame Load Capacity
By Racking System Type
Cantilever Racking, Selective Racking, Push Back
Racking, Drive-In Racking, Pallet Flow Racking,
Carton Flow Racking
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Pallet Racking Market Statistics
The global pallet racking market size will grow
from 10.4 billion in 2022 to 11.4 billion in
2023 at a compound annual growth rate (CAGR) of
9.5. The Russia-Ukraine war disrupted the
chances of global economic recovery from the
COVID-19 pandemic, at least in the short term.
The war between these two countries has led to
economic sanctions on multiple countries, a surge
in commodity prices, and supply chain
disruptions, causing inflation across goods and
services and affecting many markets across the
globe. The size of pallet racking market is
expected to grow to 15.65 billion in 2027 at a
CAGR of 8.2.
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Key Market Drivers And Trends
Drivers
The increasing demand for warehouse space is
expected to propel the growth of the pallet
racking market going forward.
Trends
The emergence of automated clad-rack warehouses
is a key trend gaining popularity in the pallet
racking market.
Region
Asia-Pacific was the largest region in the pallet
racking market in 2022.
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Key Market Players

• Major players in the Pallet Racking Market are
• Mecalux SA
• Estral Innovation and Applied Logistics
• Jungheinrich AG
• Montel Inc.
• Hannibal Industries Inc.

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5 Reasons Why TBRC Is The Solution You Need

1. Measure the impact of high global inflation on
   market growth
2. Outperform competitors using forecast data and
   the drivers and trends shaping the market
3. Get a comprehensive market sizing report with a
   truly global perspective covering 60 geographies
   from The Business Research Company, with data
   from 2017 to 2023 and forecasts up to 2032.
4. Assess the Russia-Ukraine wars impact on
   commodity supply and its direct and indirect
   impact on all the markets
5. Benchmark performance against key competitors.

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