CHINA WAREHOUSE RACKING SYSTEM MARKET FORECAST 2023-2030

The China warehouse racking system market is predicted to register a CAGR of 4.50% during the forecasting years, acquiring a revenue share of $2207.07 million by 2030. While the base year considered for the studied market is 2022, the forecast period is from 2023-2030.

The growth of the China warehouse racking system market is primarily fuelled by supportive government policies and initiatives. Moreover, the rise in the number of warehouses to accommodate product storage and, in turn, meet the augmenting demand of the country’s surging population further propels the growth of the market.

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Warehouse racking systems, generally referred to as pallet rack systems, are utilized in warehouses in order to hold goods. These systems comprise several storage racks designed to carry boxes or pallets stacked in multiple levels of horizontal rows. While businesses employ racking systems for increasing warehouse storage, additional goods can also be stored without the need for extra space. This factor, consequently, makes it a cost-effective solution for companies to extemporize their warehousing storage space.

China is an international manufacturing hub primarily on account of key factors such as a relatively affordable and vast workforce, accessibility to resources, as well as supportive government policies. Furthermore, encouraging government initiatives for the commencement of new products under domains such as packaging, manufacturing, public health, and others are set to boost construction operations in China. These drivers are also anticipated to fuel the expansion of warehouses that accommodate product storage in order to meet the growing requirements of the nation’s significant population. As a result, such factors are set to contribute to the warehouse racking system market in China during the forecasting years.

The China warehouse racking system market is segmented into type and end-user. The type segment includes selective pallet racking, drive-in racking and drive-through racking, cantilever racking, pallet flow racking, pushback racking, and other racking systems. Storing goods that are typically unsuitable for pallet storage can be possible by cantilever racking. In this regard, products of diverse lengths, weights, as well as sizes can be retrieved and stored with ease on cantilever racks. Cantilever systems can also provide a comprehensive range of loading capabilities tailored to meet storage needs on account of varied arm configurations.

On the other hand, pallet flow racks are characterized as a type of storage that collects and moves pallets within a storing module through the use of wheels or rollers as well as gravity. Pallets can also be unloaded and loaded independently by several forklift operators as they move from the load end to the unload end independently, thus minimizing the need for forklift travel. Moreover, speed controllers are attached in the lane to ensure that the pallet reaches the unload end safely.

Key players operating in the China warehouse racking system market include Daifuku Co Ltd, DEMATIC, Kardex Holding AG, etc.

Daifuku Co Ltd, headquartered in Japan, is engaged in engineering, consulting, manufacture, installation, and design, as well as after-sales services for material handling equipment and logistics systems. The company’s offerings include transport systems, storage systems, conveying systems, control systems, material handling tools, sorting/picking systems, and electronics/car wash machines. It primarily operates in the Asia-Pacific, North America, Europe and Rest of World.

The company’s pallet shuttle system, ‘Shuttle Rack L,’ entails a deep storage system in which pallets are retrieved and stored by a shuttle vehicle running on rails within a rack.

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