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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 83
Countries covered: 17
Pages: 230
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Storage Rack Market
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Storage Rack Market Size
The global storage rack market size was estimated at USD 22.4 billion in 2024 and is projected to grow at a CAGR of 4.9% between 2025 and 2034. Micro-fulfillment facilities and city warehouses are leading the growth of the storage rack since they capitalize on quicker delivery requirements in cities. Limited space in cities and high costs have driven these warehouses to maximize vertical space and cut down on storage space. This has prompted the use of high-density racking solutions, modular shelving, and multi-level mezzanine shelving. Expansion in e-commerce, especially expansion in rapid commerce (q-commerce), has been driving demand for speedy order fulfillment.
Businesses are making a move towards storing racks that support rapid picking and restocking. Most of the micro-fulfillment centers leverage automation systems such as AS/RS systems and robotics picking, which need automation-friendly racks and warehouse management software. For instance, spaces such as racks that are very flexible by SKU volume, product category, and inventory moves. United States e-commerce retail sales were $1.09 trillion in 2023, indicating the increased need for efficient storage facilities, as stated by the U.S. Census Bureau. The ability to create smaller logistics facilities in cities is accelerating space-maximizing and intelligent racking systems, propelling the demand for storage rack.
Storage Rack Market Trends
Storage Rack Market Analysis
Based on Type, the market of market is categorized into pallet rack, drive-in/drive-thru rack, cantilever rack, and others. The pallet rack segment accounted for revenue of around USD 9.6 billion in 2024 and is estimated to grow at a CAGR of 5.3% from 2025 to 2034.
The material of the storage rack market consists of plastic, aluminium, and steel. The steel segment emerged as the leader and held 46.8% of the market share in 2024 and is anticipated to grow at a CAGR of 5.4% from 2025 to 2034.
The distribution channel of the storage rack market consists of both direct and indirect channels. Indirect segment emerged as the leader and held 54.2% of the market share in 2024 and is anticipated to grow at a CAGR of 4.1% from 2025 to 2034.
The U.S. dominates the overall North America storage rack market and valued at USD 4.8 billion in 2024 and is estimated to grow at a CAGR of 5.5% from 2025 to 2034, as a result of the swift growth of e-commerce and the use of warehouse automation technologies. The market is led by the U.S., followed by Mexico and Canada, and demand generators are 3PL providers, retail chains, and industrial users. Demand in the U.S. US Census Bureau, as of 2022, has total US e-commerce sales amounting to USD 1.03 trillion, and this shows growing demand for effective storage equipment. Smart warehousing, robots, and AS/RS are trendy nowadays, so are the pharma and food logistics cold chain infrastructure demand. Higher labor costs also compel organizations to invest in high-density racking systems. For instance, Dematic, a specialist in automating warehouses, posted 15% revenue growth in its 2023 annual report, which is driven by rising demand for automated storage systems.
In the Europe storage rack market, Germany is expected to experience significant and promising growth from 2025 to 2034.
In the APAC storage rack market, China held 27.8% revenue share in 2024 and is anticipated to grow at a CAGR of 6.1% from 2025 to 2034.
The Middle East and Africa Storage Rack Market, UAE and Saudi Arabia, is expected to experience significant and promising growth from 2025 to 2034.
Storage Rack Market Share
Storage Rack Market Companies
Major players operating in the storage rack industry include:
The above companies provide a wide variety of storage rack systems for different uses in industry and warehousing. AK Material Handling Systems, North American Steel Equipment, and Ridg-U-Rak are concerned with conventional storage, including selective pallet racks, drive-in/drive-thru systems, push-back racking, pallet flow, and cantilever racking. AR Racking, Interlake Mecalux, and Mecalux offer a comprehensive range of standard and high-density storage options such as adjustable pallet racking, compact storage systems, live storage, shuttle racks, and automatic installations.
Daifuku, Dematic, and Jungheinrich specialize in automation-based storage with cutting-edge technologies such as AS/RS (automated storage and retrieval systems), shuttle racking, deep lane storage, and high-bay racks. SSI Schaefer also encompasses automated and mobile racking systems and dynamic shelving, and multi-tier setups with high-efficiency intralogistics support. Constructor Group and Gonvarri Material Handling provide universal solutions, including pallet racking, shelving, mobile and cantilever racks, with generic warehousing and industrial storage uses.
Arpac will generally incorporate pallet racking into automated packaging and material handling solutions, while Toyota Industries backs up its forklift and automation solutions with durable pallet rack systems. Kardex Group, then again, specializes in vertical storage technologies like vertical lift modules (VLMs) and carousels, serving those facilities that require space-maximizing, ergonomic solutions versus the more traditional pallet systems. Collectively, these businesses offer end-to-end storage solutions to as diverse an industry base as retail and e-commerce, manufacturing, logistics, and pharma.
Storage Rack Market News
The storage rack market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Carrying Capacity
Market, By Material
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: