The rack market offers an array of distribution channels, including offline and online. Offline channels involve physical stores and traditional distribution, while online channels facilitate e-commerce and digital transactions. End-users of racks span various industries, such as food and beverages, e-commerce, automotive, healthcare, chemicals, aviation, and more. Racks serve as essential storage and organizational solutions in these sectors, catering to diverse needs, from warehouse management to display in retail environments, reflecting the versatility of the market.
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Data Bridge Market Research analyses that the Europe Rack Market is expected to reach USD 77,494.84 million by 2030, which is USD 42,493.52 million in 2022, registering a CAGR of 7.80% during the forecast period of 2023 to 2030. The driver in the rack market from the renewable energy sector is the need for specialized rack solutions to store and manage components such as solar panels and wind turbine parts, supporting the growth of the renewable energy industry.
Key Findings of the Study
Retail expansion is expected to drive the market's growth rate
The demand for racks in brick-and-mortar retail stores serves as a driver in the Rack Market. Retailers require effective shelving and display solutions to showcase products, enhance accessibility, and optimize space utilization. Racks aid in creating attractive and organized store layouts, allowing retailers to efficiently manage inventory, display merchandise, and improve the shopping experience for customers. The need for versatile and aesthetically pleasing racks drives the market to cater to the evolving retail landscape.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Pallet Flow Racks, Selective Racks, Drive-In Racks, Automated Storage and Retrieval Systems, Carton Flow Racks, Mobile Sliding Racks, Cantilever Racking Systems, Others), Material Type (Structural Steel, Roll Formed Steel, Hybrid), Distribution Channel (Offline, Online), End-User (Food and Beverages, E-Commerce, Retail, Automotive, Healthcare, Chemicals, Aviation, Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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stow-group (Belgium), Swisslog Holding AG (Switzerland), Esnova Racks S.A. (Spain), Palian (South Africa), Kardex (Switzerland), APC Industrial (Australia), Daifuku Co., Ltd (Japan), Mecalux S.A (Spain), Kardex (Swiitzerland), Velca Systems (India), Honeywell International Inc, (U.S.), Dematic (U.S.), ARPAC (Thailand), Bulldog Rack Company (U.S.), Gonvarri Material Handling (Norway), OHRA Regalanlagen GmbH (Germany), AR Racking. (Spain)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe rack market is segmented on the basis product, material type, distribution channel, and end-user.
- On the basis of product, the Europe rack market is segmented into Pallet flow racks, selective racks, drive-in racks, automated storage and retrieval systems, carton flow racks, mobile sliding racks, cantilever racking systems, and others.
- On the basis of material type, the Europe rack market is segmented into structural steel, roll formed steel, and hybrid.
- On the basis of distribution channel, the Europe rack market is segmented into offline, and online.
- On the basis of end-user, the Europe rack market is segmented into food and beverages, e-commerce, retail, automotive, healthcare, chemicals, aviation, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe rack market players in Europe rack market are stow-group (Belgium), Swisslog Holding AG (Switzerland), Esnova Racks S.A. (Spain), Palian (South Africa), Kardex (Switzerland), APC Industrial (Australia), Daifuku Co., Ltd (Japan), Mecalux S.A (Spain), Kardex (Swiitzerland), Velca Systems (India).
Market Developments
- In May 2021, Schneider Electric introduced its Easy Rack Series in Europe and the Commonwealth of Independent States. This rack series is versatile, available in different sizes, and designed for various mission-critical applications, including cloud and colocation data centers, network closets, edge computing, and industrial settings. It caters to the evolving demands of various industries, supporting efficient and scalable infrastructure solutions in these critical environments.
- In 2020, Swisslog Holding AG initiated a strategic collaboration with H-E-B, a prominent retail chain based in Texas, to implement automated micro-fulfillment centers. These cutting-edge facilities facilitate H-E-B's curbside pick-up and delivery services. This advancement bolsters the retailer's local market presence and positions Swisslog as a key player in the global micro-fulfillment market, as it caters to the growing demand for efficient and convenient e-commerce solutions.
- In March 2020, Merritt Aluminum Products Company unveiled a fresh line of lightweight aluminum offerings featuring crossbody toolboxes, ladder racks, and headache racks. Each product in this range is available in three distinct finishes. The design ensures these products complement and function harmoniously with one another. This launch addresses the need for versatile and coordinated solutions in the automotive and construction industries, enhancing customer convenience and efficiency.
Regional Analysis
Geographically, the countries covered in the Europe rack market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in the Europe rack market during the forecast period 2022-2029
Germany dominates the European rack market, primarily due to its dominant market share and revenue. This is attributed to the significant expansion of the e-commerce sector in the region. Additionally, shifts in consumer buying habits and a surge in the demand for packaged food products are anticipated to further propel market growth. These factors collectively position Germany as a key player in the evolving European rack market landscape.
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