The warehouse racking market is expected to increase from US$ 7,464.9 million in 2023 to US$ 10,839.2 million by 2033.

Increasing Demand for Storage and Warehousing

The expanding online retail industry is expected to support market growth over the forecast period. Warehouse racking aids in the optimization of storage spaces and enhances storage capacity. Furthermore, it improves the organization of the stored products. The systematic arrangement of products in the warehouse facilitates order identification, picking, and completion.

Storing finished goods increases a company’s operating costs. But when done correctly, it offers value by maintaining product availability in the market. Storage and warehousing are thus essential secondary activities for the organization. As a result, businesses are increasingly outsourcing warehousing and storage to logistics service providers.

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Logistics partners offer warehousing solutions for incoming raw materials and outgoing finished goods. Such as specially designed shelves and racks, inventory control software, and specialized material handling equipment. It also possesses the ability to order raw materials and parts and ship goods on behalf of customers. As a result, they add value to organizations’ inbound and outbound logistics while being cost-effective. This is increasing the demand for warehouse racking.

Racking systems such as drive-in or drive-through racks and mezzanine flooring warehouse racks help to maximize storage density by maximizing area utilization.  Furthermore, as many organizations optimize their warehouses, the need for racking systems rises because these systems efficiently utilize space.

Key Points from the Market

The market is expected to surpass US$ 10.70 billion by 2033.

The primary factors driving the market include the increasing popularity of online stores, new product releases, and increased mergers and acquisitions.

The warehouse racking market is expected to capture a CAGR of 3.8% during the forecast period 2023 to 2033.

North America dominated the warehouse racking market.

Key Players:

Daifuku

SSI Schaefer

Interroll

Dematic

Vanderlande

AK Material Handling Systems

Beumer

Constructor