Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Heavy Duty Storage Rack Market size is anticipated to grow at substantial growth rate during the forecast period i.e., between 2025-2037.
The growth of the heavy duty storage rack market is anticipated to flourish on the back of the need for warehouses and racks that can store a good quantity of products by occupying less space. Multiplication of business chains such as departmental stores and increase of online platforms for shopping are anticipated to increase the use of heavy duty storage racks. These businesses need huge storage facilities to keep the products ready to ship, which is predicted to result in the rising demand for the product. There are other businesses as well that require good logistics to store their products with safety and care. Heavy duty storage racks are reliable as they are sturdy and strong. The holding capacity of these racks makes them a good choice for industrial purposes and storage.
Heavy Duty Storage Rack Sector: Growth Drivers and Challenges
Growth Drivers
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Increase in the Number of Industries and Storage Requirements
The growth of different industries and increasing storage requirements are anticipated to be the major growth drivers of heavy duty storage racks. Moreover, these racks are becoming technologically advanced, they are used not just to store the products but to make the work easier as well. They can be used as lifts as well and they come with various adjustment features. - Efficient and Advanced Storage
The heavy duty storage racks are strong and can hold large quantities, which makes it a good option to store products in a synchronized manner and it makes it easy to locate and divide the warehouse on the basis of product categories. Further, the space consumed by the rack is less, and more quantities of the product can be stored in the racks. The industries prefer these racks as they provide storage advantage. Owing to these factors, the heavy duty storage rack market is estimated to observe a significant growth in the coming years. - Trends And Opportunities
The heavy duty storage rack market has a lot of scope since almost every industry requires a storage facility for the purpose of storage and safety of the products. Further, technological advancement is anticipated to make the heavy duty storage rack market a lucrative and profitable market. The racks can do more than just storing products, for instance, they can be used as lifts if the warehouse is multi-storeyed with the help of automation and technology.
Challenges
In light of the prevailing pandemic i.e. COVID- 19, the businesses and industries are closed as nationwide lockdown is being implemented in several countries. This has obstructed the production of almost every industry and hence, the growth of heavy duty storage rack market is predicted to suffer as well. Due to no or very little production, the storage facility is not in use on a large scale. The pandemic is expected to leave a negative impact on the market of heavy duty storage racks as well.
Heavy Duty Storage Rack Segmentation
The heavy duty storage rack market is segmented by application, by capacity, and by region. On the basis of application, the market is further segmented into automobile industry, chemical industry, textile industry, electronics & parts manufacturing industry, printing industry, machine manufacturing industry, and departmental store warehouses. The segment for automobile industry is predicted to witness a substantial demand for the heavy duty storage racks on account of greater demand by automobile manufacturers for the storage of the vehicles.
Our in-depth analysis of the global market includes the following segments
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By Application |
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By Capacity |
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Heavy Duty Storage Rack Industry - Regional Synopsis
On the basis of region-wise analysis, the heavy duty storage racks market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is anticipated to account for largest revenue share by 2037, as the region have a higher requirement for storage and logistic facilities. Further, this explains that the developed countries have a higher requirement for storage and logistic facilities as compared to other regions such as Asia Pacific, Africa and the Middle East.
Companies Dominating the Heavy Duty Storage Rack Landscape
- Aracking and Shelving Solutions
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Dexion
- Interlake Mecalux
- Global Furniture Group
- Giraffe Storage
- Global Industrial
Recent Developments
- On March 4, 2020, Interlake Mecalux announced its plans to set up a 43’’ high automated rack-supported warehouse in Portugal for a company named Kiwi Greensun. Besides, Interlake Mecalux will maintain the stock and manage the operations for the company.
- On March 26, 2020, Dexion, a heavy-duty storage rack manufacturing company, introduced Tornado UHD using the latest technology and TCPlus software. It is a storage machine that requires approximately 75% less space than conventional storage machines.
Author Credits: Parul Atri
- Report ID: 2516
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
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Heavy Duty Storage Rack Market Report Scope
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