ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET FORECAST 2023-2032
The Asia-Pacific warehouse racking system market is projected to register a CAGR of 4.68% during the forecast period, 2023-2032, and is set to reach a revenue of $4863.01 million by 2032.
ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET FORECAST 2023-2032
Asia-Pacific Warehouse Racking System Market by End-user (Manufacturer, Wholesaler, Retailer) Market by Type (Selective Pallet Racking, Drive-in Racking and Drive-through Racking, Cantilever Racking, Pallet Flow Racking, Pushback Racking, Other Racking Systems) by Geography
The Asia-Pacific warehouse racking system market is projected to register a CAGR of 4.68% during the forecast period, 2023-2032, and is set to reach a revenue of $4863.01 million by 2032.
The warehouse racking system market growth in Asia-Pacific is attributed to the high engagement of manufacturing activities and goods exports, which raises the need for warehouse space for storing high product volumes. As a result, the increasing activities are expected to propel the demand for warehouse racking systems. However, the Asia-Pacific warehouse racking system market growth is hindered by poor pallet construction and design.
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The Asia-Pacific warehouse racking system market growth assessment includes the analysis of China, Indonesia, Australia & New Zealand, India, Japan, South Korea, and Rest of Asia-Pacific. Japan is engaged in international trade, with its top exports being technological equipment, machinery, vehicles, and manufactured goods. Also, the presence of several automotive and logistics companies, including Nippon Express Company, Mitsubishi, Mazda, Nissan, Honda, and Toyota, offers immense growth opportunities for warehouse racking systems in the country. Additionally, private investments and technological developments in the warehouse construction & expansion and automobile sectors contribute to market growth.
Further, Indonesia is the largest economy in Southeast Asia, located along a major global trade route. The online distribution channel is gaining prominence in the country, accredited to the after-effects of COVID-19. Accordingly, there is a growing need for warehouse and logistics services, with numerous market players investing in warehouse capabilities. For instance, Tokopedia, the domestic e-commerce giant, continues to invest in warehouses across Indonesia to facilitate faster delivery of goods.
Tokopedia has built warehouses since late 2020 in six major cities, including Bandung, Surabaya, and Jakarta. Besides, DHL held an imposing ceremony for its new $26 million Maheswara Green Logistics facility constructed to meet the growing demand for warehousing services. Such developments propel demands for warehouse racking systems in Indonesia.
The Asia-Pacific warehouse racking system market segmentation includes end-user and type. The end-user segment includes retailer, wholesaler, and manufacturer.
Wholesalers are entities that stock or purchase goods in large quantities from manufacturers and other producers. They may also sell raw materials used in goods production, purchasing them from a manufacturer and selling them to others. They store it in warehouses before selling it to retailers and market players. Mostly, consumer electronics and food & beverage products are stored in large quantities by wholesalers. As a result, the growing demand for such consumer goods is set to increase the need for warehouse spaces.
Although retailers accumulate small quantities, they are in large numbers, thereby raising the demand for warehouse spaces. For instance, global retailers like Amazon and Walmart encompass huge demands for warehouses. In addition, the expansion of e-commerce industries, given the growing demand for online purchases, has led to an increasing need for warehouses. Furthermore, companies are extending their supply chain through local markets and e-commerce and need warehouse space to streamline operations.
Besides, warehouses function as local and regional shop distribution centers. Numerous multinational retail and e-commerce companies have a global presence, catering to a majority of warehouse facilities that use different types of racking systems for the distribution, retrieval, and streamlined storing of related products.
Some of the leading firms in the Asia-Pacific warehouse racking system market are DEMATIC, Interroll Holding AG, Emrack International, DMW&H, etc.
Emrack International is engaged in the business of warehouse racking systems. The company’s racking solutions include raised storage areas, cantilever racking, automated & dynamic storage systems, drive-in racking, pallet racking, etc. It serves large and multi-site format retailers. It has a business presence in Australia, with headquarters in Victoria.
With regard to its racking solutions, the company offers a cantilever racking system for the distribution or storage purposes of bulky and long-length building materials.
Report Synopsis
|
Report Scope |
Details |
| Market Forecast Years | 2023-2032 |
| Base Year | 2022 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Type, End-User |
| Countries Analyzed | China, Indonesia, Australia & New Zealand, India, Japan, South Korea, and Rest of Asia-Pacific |
| Companies Analyzed |
Daifuku Co Ltd, DEMATIC, Kardex Holding AG, Vanderlande Industries BV, SSI Schaefer Group, AK Material Handling Systems, DMW&H, Jungheinrich AG, Beumer Group GMBH & Co KG, Interroll Holding AG, Emrack International |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- MAJOR MARKET FINDINGS
- GROWING NUMBER OF NEW WAREHOUSE CONSTRUCTIONS
- ASIA-PACIFIC IS THE PROMINENT REGION
- ADVANCEMENTS IN SOLUTIONS AND RELATED TECHNOLOGIES
- MARKET DYNAMICS
- KEY DRIVERS
- PRESSING NEED FOR OPTIMIZING WAREHOUSE SPACE
- REQUIREMENT OF EFFECTIVE MATERIAL HANDLING AND SYSTEMATIC STORAGE
- SOARING WAREHOUSING ACTIVITIES ACROSS INDUSTRIES
- KEY RESTRAINTS
- INADEQUATE KNOWLEDGE AND INSTRUCTION ON MATERIAL HANDLING
- KEY DRIVERS
- KEY ANALYTICS
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET MATURITY ANALYSIS
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
- RAW MATERIAL SUPPLIERS
- PRODUCT MANUFACTURERS
- DISTRIBUTORS
- END-USER
- KEY BUYING CRITERIA
- COST
- PRODUCT FEATURES
- UTILIZATION
- MARKET BY END-USER
- MANUFACTURER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- WHOLESALER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- RETAILER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- MANUFACTURER
- MARKET BY TYPE
- SELECTIVE PALLET RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DRIVE-IN RACKING AND DRIVE-THROUGH RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CANTILEVER RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- PALLET FLOW RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- PUSHBACK RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER RACKING SYSTEMS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SELECTIVE PALLET RACKING
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET DRIVERS
- ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET CHALLENGES
- ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET REGULATORY FRAMEWORK
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- INDONESIA
- INDONESIA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- AK MATERIAL HANDLING SYSTEMS
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- BEUMER GROUP GMBH & CO KG
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- DAIFUKU CO LTD
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- DEMATIC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- DMW&H
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- EMRACK INTERNATIONAL
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- INTERROLL HOLDING AG
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- JUNGHEINRICH AG
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- KARDEX HOLDING AG
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- SSI SCHAEFER GROUP
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- VANDERLANDE INDUSTRIES BV
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- AK MATERIAL HANDLING SYSTEMS
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – WAREHOUSE RACKING SYSTEM
TABLE 2: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET REGULATORY FRAMEWORK
TABLE 9: KEY PLAYERS IN ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET
TABLE 10: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022
FIGURE 9: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY MANUFACTURER, 2023-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY WHOLESALER, 2023-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY RETAILER, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
FIGURE 13: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY SELECTIVE PALLET RACKING, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY DRIVE-IN RACKING AND DRIVE-THROUGH RACKING, 2023-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY CANTILEVER RACKING, 2023-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY PALLET FLOW RACKING, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY PUSHBACK RACKING, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, BY OTHER RACKING SYSTEMS, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 20: CHINA WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 21: JAPAN WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: INDIA WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: SOUTH KOREA WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: INDONESIA WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: AUSTRALIA & NEW ZEALAND WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: REST OF ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET, 2023-2032 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET DRIVERS
- ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET CHALLENGES
- ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET REGULATORY FRAMEWORK
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- INDONESIA
- INDONESIA WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC WAREHOUSE RACKING SYSTEM MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
- MARKET BY END-USER
- MANUFACTURER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- WHOLESALER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- RETAILER
- MARKET FORECAST REVENUE & FIGURE
- SEGMENT ANALYSIS
- MANUFACTURER
- MARKET BY TYPE
- SELECTIVE PALLET RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DRIVE-IN RACKING AND DRIVE-THROUGH RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CANTILEVER RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- PALLET FLOW RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- PUSHBACK RACKING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER RACKING SYSTEMS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SELECTIVE PALLET RACKING
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