Asia Pacific Warehouse Racking Market Size & Outlook
Asia Pacific warehouse racking market, 2018-2030 (US$M)
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Asia Pacific warehouse racking market highlights
- The Asia Pacific warehouse racking market generated a revenue of USD 2,442.3 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, selective pallets was the largest revenue generating product in 2023.
- Selective Pallets is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,442.3 million |
| Market revenue in 2030 | USD 3,449.9 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Selective pallets |
| Fastest growing segment | Selective Pallets |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Selective Pallets, Drive-in, Push Back, Pallet Flow, Cantilever |
| Key market players worldwide | Daifuku Co Ltd, Mecalux Espana, Kardex Holding AG Registered Shares, Nucor Corp, Emera Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, SSI SCHAEFER, KION GROUP AG, Toyota Industries Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.1% of the global warehouse racking market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,449.9 million by 2030.
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Warehouse Racking Market Scope
Warehouse Racking Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific warehouse racking market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to warehouse racking market will help companies and investors design strategic landscapes.
Selective pallets was the largest segment with a revenue share of 44.67% in 2023. Horizon Databook has segmented the Asia Pacific warehouse racking market based on selective pallets, drive-in, push back, pallet flow, cantilever covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia-Pacific has one of the largest market shares in the warehouse racking market owing to the presence of large manufacturing, packaging, and retail application industries present in countries like China, India, Japan, and South Korea.
Presence of large number of e-commerce industry warehouses coupled with the adequate supply of the raw materials needed for racking system production is likely to add significant growth to the overall warehouse racking market during the forecast period.
Asia Pacific region has the largest consumer base in the world owing to the high population in countries such as China, India, and Bangladesh. Favorable government policies and increased foreign direct investment in countries like India, South Korea, and China are expected to drive the demand for warehouse racking during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific warehouse racking market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific warehouse racking market size, by country, 2018-2030 (US$M)
Asia Pacific Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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