Latin America Warehouse Racking Market Size & Outlook
Latin America warehouse racking market, 2018-2030 (US$M)
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Latin America warehouse racking market highlights
- The Latin America warehouse racking market generated a revenue of USD 1,084.4 million in 2023.
- The market is expected to grow at a CAGR of 3.1% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,084.4 million |
| Market revenue in 2030 | USD 1,344.4 million |
| Growth rate | 3.1% (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, Latin America region accounted for 11.6% 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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Latin America 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 49.5% in 2023. Horizon Databook has segmented the Latin America 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.
Central and South America is one of the developing regions with high manufacturing and industrial potential. Increasing commercial activities, infrastructural development, industrialization, and urbanization is expected to have a significantly impact on the market prospect.
In addition, the expansive connectivity due to the internet, the presence of significant mega-cities, highlighting urbanization of the region, and favorable growth of the e-commerce sector are projected to augment the product demand.
Warehouse racking is a widely used storage product in the distribution center of various industries such as automotive parts, panels, tires, apparel, food and beverages, and healthcare products. Presence of multinational companies in automobile, electronic and industrial manufacturing is projected to benefit the product demand.
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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 continent-level data and insights on the Latin America warehouse racking market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America warehouse racking market size, by country, 2018-2030 (US$M)
Latin America Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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