North America Warehouse Racking Market Size & Outlook
North America warehouse racking market, 2018-2030 (US$M)
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North America warehouse racking market highlights
- The North America warehouse racking market generated a revenue of USD 2,609.7 million in 2023.
- The market is expected to grow at a CAGR of 4% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,609.7 million |
| Market revenue in 2030 | USD 3,427.0 million |
| Growth rate | 4% (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, North America region accounted for 27.9% 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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North 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 45.22% in 2023. Horizon Databook has segmented the North 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.
The presence of a robust and well-established distribution network is likely to augment market demand in the near future. Timely movement of goods and a cost-effective racking system is the major factor driving the warehouse racking market.
Early adoption of racking system in the region coupled with the rising demand for fully automated warehouse facilities is expected to provide immense market potential during the forecast period. Increasing e-commerce platform is compelling consumers to buy more and more products and material online which caters to the development of warehouse infrastructure.
Rising construction activities in favor of warehouse building coupled with the replacement of obsolete technology used for storing and retrieving products in warehouses in the region are likely to augment the market growth on a positive note.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America warehouse racking market , including forecasts for subscribers. This continent databook contains high-level insights into North America warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America warehouse racking market size, by country, 2018-2030 (US$M)
North America Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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