Europe Warehouse Racking Market Size & Outlook, 2023-2030
Europe warehouse racking market, 2018-2030 (US$M)
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Europe warehouse racking market highlights
- The Europe warehouse racking market generated a revenue of USD 2,422.0 million in 2023.
- The market is expected to grow at a CAGR of 3.6% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,422.0 million |
| Market revenue in 2030 | USD 3,111.8 million |
| Growth rate | 3.6% (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, Europe region accounted for 25.9% 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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Europe 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 42.59% in 2023. Horizon Databook has segmented the Europe 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.
Rapid growing warehouse racking market in Europe is expected to ascend demand at a significant rate owing to the increased need from retail, automotive, food & beverage, manufacturing, and packaging application segment during the forecast period.
In addition, presence of large warehouse racking manufacturing companies such as kardex Group and Jungheinrich AG is further adding growth prospects to the overall market during the coming eight years. Currently, Europe is majorly involved in the advancement of automated warehouse product distribution facility which in turn is expected to positively impact the market over the forecast period.
In addition, various retail business is suffering in fulfilling the inconsistencies in meeting the consumer demand owing to the lack of efficient warehouse racking system. Hence, increasing demand for automated storage and product retrieval system in the warehouse facility is expected to open new growth avenues in the overall warehouse racking market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe warehouse racking market , including forecasts for subscribers. This continent databook contains high-level insights into Europe warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe warehouse racking market size, by country, 2018-2030 (US$M)
Europe Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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