U.S. Warehouse Racking Market Size & Outlook, 2023-2030
U.S. warehouse racking market, 2018-2030 (US$M)
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U.S. warehouse racking market highlights
- The U.S. warehouse racking market generated a revenue of USD 1,692.6 million in 2023 and is expected to reach USD 2,169.1 million by 2030.
- The U.S. 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.
Warehouse racking market data book summary
| Market revenue in 2023 | USD 1,692.6 million |
| Market revenue in 2030 | USD 2,169.1 million |
| Growth rate | 3.6% (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, U.S. accounted for 18.1% 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 North America, U.S. warehouse racking market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 509.6 million by 2030.
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Warehouse Racking Market Scope
Warehouse Racking Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 40.94% in 2023. Horizon Databook has segmented the U.S. 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 market for warehouse racking in the developed economy is highly lucrative due to the presence of major manufactures and warehouse racking solution providers such as Hannibal Industries, Georgia Pacific, Dematic, and AK Material Handling Systems that leads to higher volume production and aftersales services.
In addition, the economy caters large e-commerce market, superior infrastructure & automation facility, and a highly skilled workforce which is further expected to make the same economy more favorable to the growth of the warehouse racking market.
Online sales had been proliferated during the coronavirus pandemic in the U.S. and the country is expected to need more warehouses to store more and more array of product and boxes. In addition, handling and distribution of the same product and boxes from the warehouses is further expected to fuel the demand for the required racking system in the country during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. warehouse racking market , including forecasts for subscribers. This country databook contains high-level insights into U.S. warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. warehouse racking market size, by product, 2018-2030 (US$M)
U.S. Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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