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Global Pallet Racking System Market Analysis & Trends - Industry Forecast to 2030

Publisher Accuray Research LLP
Published Jul 07, 2024
Length 200 Pages
SKU # AGLP19014056

Description

Global Pallet Racking System Market Analysis & Trends - Industry Forecast to 2030


Pallet Racking System: Market Size

From $17.22 billion in 2024, the global Pallet Racking System market is projected to reach $32.91 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 11.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, increasing demand in imports & exports among several manufacturers, high demand in the industries of retail, food and beverage, and recent technological developments in the pallet racking system.

Global Pallet Racking System Market: Market Dynamics

Increase in labor costs along with rising warehousing rents reliably over the last decade; have compelled companies to utilize more resourceful use of their storage area. In every economy, the logistics industry deals with the flow from the production site to the utilization of products. Logistics, therefore, involves the mixing of warehousing, handling of material, packaging and transport, procurement, management of stock and supply chain, etc. These developments in recent times have given the pallet racking systems market a positive landscape. The further factors driving the pallet racking system market are the growing e-commerce platform, increasing demand from the food and beverage industry, and rising prevalence for stand-alone sub system.

On the other hand, the high investment cost is likely to obstruct the profit boundaries. In addition, increasing need for organized logistics in the emerging Asian subcontinent to improve time, cost, and quality efficiencies promoting opportunities will further boost the Pallet Racking System market.

Impact of COVID-19 on Pallet Racking System

The pandemic is rapidly changing consumer behavior toward online channels. Online demand has increased for multiple categories, including food and beverages, essentials, and pharmaceuticals, that are being delivered with innovative contactless formats. This has given an impetus to the growth of the e-commerce, automotive, and food and beverages industries. The demand for warehousing has also increased due to the online demand for several products. Several multinational companies are setting up new warehouses across various countries to accommodate this increased demand. Since the COVID-19 struck the market in early 2020 with consequent lockdowns in multiple countries, there has been a standstill in the overall demand activity in diverse industries, such as automotive, electronics, and chemicals. As the e-commerce industry is continuously under the pressure of procuring and delivering a huge number of articles within the stipulated time, e-commerce companies have adopted automation in their facilities.

By End User

Automotive Segment Dominate the Market in 2024

The automotive segment made huge revenue in 2024 and growing its prominence during the forecast period owing to the need for large and durable racking systems to store heavy and fragile objects. Growing automotive industry across the globe and increasing demand for automotive aftermarket components has created a scope for construction of new warehouses, thereby influencing the industry on a positive note.

By Geography

North America Region is Leading in the Global Market Place

North America is likely to have a huge demand in the forecast period due to the rapidly expanding market of third-party logistics (3PLs), well-established distribution network, early adoption of racking systems and continuous innovations in storage space optimization resulting in high demand for racking structures in the region. The increasing retail and food industries in the region are mainly contributing to the construction of new warehouses which in turn should drive demand for products.

List of the Key Players Profiled in the Market Include:

• SSI Schaefer
• Nedcon B.V.
• Montel Inc.
• Estral Innovation and Applied Logistics
• Kardex Ag
• Jungheinrich AG
• Interroll Dyanmic Storage
• Hannibal Industries, Inc.
• Elite Storage Solutions Inc.
• Dexion Gmbh
• Daifuku Co., Ltd
• AVERYS Group
• Mecalux SA.

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

Table of Contents

200 Pages
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Product Analysis
1.6 End User Analysis
1.7 Strategic Benchmarking
1.8 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Rise in Technological Developments by Electronic Cigarette Manufacturers
4.1.2 Innovation in Vapor Delivery
4.1.3 Consumers Shifting Preference Toward E-Cigarettes
4.1.4 Growth Opportunities/Investment Opportunities
4.2 Drivers
4.3 Constraints
4.4 Impact of COVID-19
5 Market Factor Analysis
5.1 Porters Five Forces
5.1.1 Bargaining power of suppliers
5.1.2 Bargaining power of buyers
5.1.3 Threat of substitutes
5.1.4 Threat of new entrants
5.1.5 Competitive rivalry
5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research
6.1 Consumer trends and preferences
6.2 Factors affecting buying decision
6.3 Consumer product adoption
6.4 Observation & Recommendations
7 E-Cigarette and Vaporizer Market, By Type
7.1 E-Cigarette
DATA TABLE E-Cigarette Market Forecast to 2030 (US$ MN)
7.2 Vaporizer
DATA TABLE Vaporizer Market Forecast to 2030 (US$ MN)
8 E-Cigarette and Vaporizer Market, By Product Type
8.1 Rechargeable E-Cigarette
DATA TABLE Rechargeable E-Cigarette Market Forecast to 2030 (US$ MN)
8.2 Personal Vaporizers and Mods
DATA TABLE Personal Vaporizers and Mods Market Forecast to 2030 (US$ MN)
8.3 E-Pipes
DATA TABLE E-Pipes Market Forecast to 2030 (US$ MN)
8.4 E-Go Electronic Cigarette and Tanks
DATA TABLE E-Go Electronic Cigarette and Tanks Market Forecast to 2030 (US$ MN)
8.5 E-Cigars
DATA TABLE E-Cigars Market Forecast to 2030 (US$ MN)
8.6 Disposable E-Cigarette
DATA TABLE Disposable E-Cigarette Market Forecast to 2030 (US$ MN)
9 E-Cigarette and Vaporizer Market, By Composition
9.1 Nicotine
DATA TABLE Nicotine Market Forecast to 2030 (US$ MN)
9.2 Flavors
DATA TABLE Flavors Market Forecast to 2030 (US$ MN)
9.3 Diluents
DATA TABLE Diluents Market Forecast to 2030 (US$ MN)
10 E-Cigarette and Vaporizer Market, By Component
10.1 Clearomizer
DATA TABLE Clearomizer Market Forecast to 2030 (US$ MN)
10.2 Rebuildable Atomizer
DATA TABLE Rebuildable Atomizer Market Forecast to 2030 (US$ MN)
10.3 E-Liquids
DATA TABLE E-Liquids Market Forecast to 2030 (US$ MN)
10.4 Cartridge
DATA TABLE Cartridge Market Forecast to 2030 (US$ MN)
10.5 Atomizers
DATA TABLE Atomizers Market Forecast to 2030 (US$ MN)
10.6 Cartomizer
DATA TABLE Cartomizer Market Forecast to 2030 (US$ MN)
11 E-Cigarette and Vaporizer Market, By Size
11.1 APVs (Advanced Personal Vaporizer)
DATA TABLE APVs (Advanced Personal Vaporizer) Market Forecast to 2030 (US$ MN)
11.2 Mini Sized
DATA TABLE Mini Sized Market Forecast to 2030 (US$ MN)
11.3 Mid-Sized
DATA TABLE Mid-Sized Market Forecast to 2030 (US$ MN)
12 E-Cigarette and Vaporizer Market, By Distribution Channel
12.1 Online Store
DATA TABLE Online Store Market Forecast to 2030 (US$ MN)
12.2 Retail/Offline Store
DATA TABLE Retail/Offline Store Market Forecast to 2030 (US$ MN)
12.2.1 Vape Shops
DATA TABLE Vape Shops Market Forecast to 2030 (US$ MN)
12.2.2 Pharmacy/Drug Store
DATA TABLE Pharmacy/Drug Store Market Forecast to 2030 (US$ MN)
12.2.3 Gas Stations
DATA TABLE Gas Stations Market Forecast to 2030 (US$ MN)
12.2.4 Departmental Store
DATA TABLE Departmental Store Market Forecast to 2030 (US$ MN)
12.2.5 Convenience Stores (C-Stores)
DATA TABLE Convenience Stores (C-Stores) Market Forecast to 2030 (US$ MN)
13 E-Cigarette and Vaporizer Market, By End User
13.1 Male
DATA TABLE Male Market Forecast to 2030 (US$ MN)
13.2 Female
DATA TABLE Female Market Forecast to 2030 (US$ MN)
14 E-Cigarette and Vaporizer Market, By Geography
14.1 North America
DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
14.1.1 US
14.1.2 Canada
14.1.3 Mexico
14.2 Europe
DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
14.2.1 Germany
14.2.2 U.K
14.2.3 Italy
14.2.4 France
14.2.5 Spain
14.2.6 Rest of Europe
14.3 Asia Pacific
DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
14.3.1 China
14.3.2 Japan
14.3.3 India
14.3.4 Australia
14.3.5 New Zealand
14.3.6 Rest of Asia Pacific
14.4 Middle East
DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
14.4.1 Saudi Arabia
14.4.2 UAE
14.4.3 Rest of Middle East
14.5 Latin America
DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Rest of Latin America
14.6 Rest of the World (RoW)
DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
14.6.1 South Africa
14.6.2 Others
15 Key Player Activities
15.1 Acquisitions & Mergers
15.2 Agreements, Partnerships, Collaborations and Joint Ventures
15.3 Product Launch & Expansions
15.4 Other Activities
16 Leading Companies
16.1 Molins Plc
16.2 Vapor Corp
16.3 Texas Select Vapor
16.4 Reynolds American Inc
16.5 Clearette Electronic Cigarette Co
16.6 Purilum
16.7 Ovale
16.8 NicQuid
16.9 Mountain Oak Vapors
16.10 Altria Group, Inc
16.11 Red kiwi
16.12 Mad Vapes
16.13 Japan Tobacco, International
16.14 International Vapor Group, Inc
16.15 Durasmoke
16.16 Philip Morris International Inc
16.17 Cerulean
16.18 British American Tobacco PLC
List of Tables
Table 1 Global E-Cigarette and Vaporizer Market By Region, Market Forecast (2022-2030) (US $MN)
Table 2 Global E-Cigarette and Vaporizer Market By Type, Market Forecast (2022-2030) (US $MN)
Table 3 Global E-Cigarette and Vaporizer Market By E-Cigarette, Market Forecast (2022-2030) (US $MN)
Table 4 Global E-Cigarette and Vaporizer Market By Vaporizer, Market Forecast (2022-2030) (US $MN)
Table 5 Global E-Cigarette and Vaporizer Market By Product Type, Market Forecast (2022-2030) (US $MN)
Table 6 Global E-Cigarette and Vaporizer Market By Rechargeable E-Cigarette, Market Forecast (2022-2030) (US $MN)
Table 7 Global E-Cigarette and Vaporizer Market By Personal Vaporizers and Mods, Market Forecast (2022-2030) (US $MN)
Table 8 Global E-Cigarette and Vaporizer Market By E-Pipes, Market Forecast (2022-2030) (US $MN)
Table 9 Global E-Cigarette and Vaporizer Market By E-Go Electronic Cigarette and Tanks, Market Forecast (2022-2030) (US $MN)
Table 10 Global E-Cigarette and Vaporizer Market By E-Cigars, Market Forecast (2022-2030) (US $MN)
Table 11 Global E-Cigarette and Vaporizer Market By Disposable E-Cigarette, Market Forecast (2022-2030) (US $MN)
Table 12 Global E-Cigarette and Vaporizer Market By Composition, Market Forecast (2022-2030) (US $MN)
Table 13 Global E-Cigarette and Vaporizer Market By Nicotine, Market Forecast (2022-2030) (US $MN)
Table 14 Global E-Cigarette and Vaporizer Market By Flavors, Market Forecast (2022-2030) (US $MN)
Table 15 Global E-Cigarette and Vaporizer Market By Diluents, Market Forecast (2022-2030) (US $MN)
Table 16 Global E-Cigarette and Vaporizer Market By Component, Market Forecast (2022-2030) (US $MN)
Table 17 Global E-Cigarette and Vaporizer Market By Clearomizer, Market Forecast (2022-2030) (US $MN)
Table 18 Global E-Cigarette and Vaporizer Market By Rebuildable Atomizer, Market Forecast (2022-2030) (US $MN)
Table 19 Global E-Cigarette and Vaporizer Market By E-Liquids, Market Forecast (2022-2030) (US $MN)
Table 20 Global E-Cigarette and Vaporizer Market By Cartridge, Market Forecast (2022-2030) (US $MN)
Table 21 Global E-Cigarette and Vaporizer Market By Atomizers, Market Forecast (2022-2030) (US $MN)
Table 22 Global E-Cigarette and Vaporizer Market By Cartomizer, Market Forecast (2022-2030) (US $MN)
Table 23 Global E-Cigarette and Vaporizer Market By Size, Market Forecast (2022-2030) (US $MN)
Table 24 Global E-Cigarette and Vaporizer Market By APVs (Advanced Personal Vaporizer), Market Forecast (2022-2030) (US $MN)
Table 25 Global E-Cigarette and Vaporizer Market By Mini Sized, Market Forecast (2022-2030) (US $MN)
Table 26 Global E-Cigarette and Vaporizer Market By Mid-Sized, Market Forecast (2022-2030) (US $MN)
Table 27 Global E-Cigarette and Vaporizer Market By Distribution Channel, Market Forecast (2022-2030) (US $MN)
Table 28 Global E-Cigarette and Vaporizer Market By Online Store, Market Forecast (2022-2030) (US $MN)
Table 29 Global E-Cigarette and Vaporizer Market By Retail/Offline Store, Market Forecast (2022-2030) (US $MN)
Table 30 Global E-Cigarette and Vaporizer Market By Vape Shops, Market Forecast (2022-2030) (US $MN)
Table 31 Global E-Cigarette and Vaporizer Market By Pharmacy/Drug Store, Market Forecast (2022-2030) (US $MN)
Table 32 Global E-Cigarette and Vaporizer Market By Gas Stations, Market Forecast (2022-2030) (US $MN)
Table 33 Global E-Cigarette and Vaporizer Market By Departmental Store, Market Forecast (2022-2030) (US $MN)
Table 34 Global E-Cigarette and Vaporizer Market By Convenience Stores (C-Stores), Market Forecast (2022-2030) (US $MN)
Table 35 Global E-Cigarette and Vaporizer Market By End User, Market Forecast (2022-2030) (US $MN)
Table 36 Global E-Cigarette and Vaporizer Market By Male, Market Forecast (2022-2030) (US $MN)
Table 37 Global E-Cigarette and Vaporizer Market By Female, Market Forecast (2022-2030) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.

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