China Warehouse Racking Market Size & Outlook, 2023-2030
China warehouse racking market, 2018-2030 (US$M)
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China warehouse racking market highlights
- The China warehouse racking market generated a revenue of USD 1,026.3 million in 2023 and is expected to reach USD 1,493.0 million by 2030.
- The China market is expected to grow at a CAGR of 5.5% 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.
Warehouse racking market data book summary
| Market revenue in 2023 | USD 1,026.3 million |
| Market revenue in 2030 | USD 1,493.0 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Selective pallets |
| Fastest growing segment | Selective Pallets |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 11.0% of the global warehouse racking market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China warehouse racking market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 520.3 million by 2030.
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Warehouse Racking Market Scope
Warehouse Racking Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 43.15% in 2023. Horizon Databook has segmented the China 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.
China is a world manufacturing hub owing to the availability of raw materials, lower labor costs, large labor force coupled with favorable government policies. China has the largest population in the world leading to a larger consumer base.
In addition, favorable government policies to launch new projects related to public health, manufacturing, packaging, and various others is expected to increase the constructional activities in the country. This in turn, is anticipated to increase number of warehouses that caters the storage of products to fulfill the demand of bolstered population in the country.
China has the largest construction industry in the world owing to the increasing need for residential and commercial buildings to address the growing population. Increasing investment of government into infrastructures is expected to drive the demand for warehouses in the country as large number of perishable and non-perishable product are consumed that are stored in the warehouses.
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Our clientele includes a mix of warehouse racking market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China warehouse racking market , including forecasts for subscribers. This country databook contains high-level insights into China warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China warehouse racking market size, by product, 2018-2030 (US$M)
China Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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