India Warehouse Racking Market Size & Outlook, 2023-2030
India warehouse racking market, 2018-2030 (US$M)
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India warehouse racking market highlights
- The India warehouse racking market generated a revenue of USD 345.8 million in 2023 and is expected to reach USD 520.3 million by 2030.
- The India market is expected to grow at a CAGR of 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.
Warehouse racking market data book summary
| Market revenue in 2023 | USD 345.8 million |
| Market revenue in 2030 | USD 520.3 million |
| Growth rate | 6% (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, India accounted for 3.7% 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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India 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 48.47% in 2023. Horizon Databook has segmented the India 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.
India has emerged as one of the leading manufacturing hubs for the automobiles, retail, packaging, and other allied industries. The country is expected to witness a noteworthy growth rate in automobiles and food & beverage owing to the increasing population, rising disposable incomes, and increasing urbanization in the country.
Favorable government initiatives like Make in India to increase the production in the country is expected to favor the manufacturing processes, thereby adding sufficient number of warehouses in the country. Increasing investment in e-commerce segment to boost online retail trade is expected to propel the growth of the market during the forecast period.
Moreover, rise in e-retail platforms in the country that involves product sale such as electronics and apparel is expected to add significant growth to the market. Warehouses having selective pallet, drive-in/drive-thru, push back, and pallet flow racking system caters different categories of product such as baby products, furniture’s, personal care, food, and others that requires safe handling and distribution is further expected to propel the growth of the market on the positive note.
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Our clientele includes a mix of warehouse racking market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India warehouse racking market , including forecasts for subscribers. This country databook contains high-level insights into India warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India warehouse racking market size, by product, 2018-2030 (US$M)
India Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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