EUROPE WAREHOUSE RACKING SYSTEM MARKET FORECAST 2023-2032

The Europe warehouse racking system market growth evaluation includes the assessment of France, Italy, the United Kingdom, Germany, Spain, and Rest of Europe. In the United Kingdom, online shopping has resulted in an increased number of warehouses and logistical facilities. Also, the pandemic and the EU’s exit have enabled significant growth in shipping and storage capacities. As per government data, 2021 saw a 21% increase in transport and storage-related business locations compared to 2019. Whereas online shopping constituted almost 38% of the total retail sales in January 2021. Additionally, in 2021, new orders for the building of warehouses totaled around $4.1 billion. As a result, such developments have contributed to a sharp increase in new warehouse construction projects, thereby fueling market demands.

Germany is one of Europe’s most important logistics hubs, encompassing prominent industries like pharmaceuticals and automotive. The expansion of logistics and the need for compact storage & product retrieval solutions aids the Germany warehouse racking system market growth. Accordingly, the market prospects are attributed to the presence of lucrative logistics and warehouse regions like Munich, Dusseldorf, Hamburg, Frankfurt, and Berlin. As a result, there is a high demand for warehousing activities.

Furthermore, France is evaluated as a conducive market for businesses to expand and operate, given its thriving logistics infrastructure and strategic geographical position. It has four seaports and borders seven other European nations. Therefore, there is a huge demand for warehouses among businesses to utilize the region’s capabilities. Besides, the surging internet usage for connected goods sales and online shopping is expected to contribute to market growth. Moreover, the rising government expenditure to supplement infrastructure investment and digital transformation alongside the construction of new warehouses to cater to online trade are beneficial to market growth.

The Europe warehouse racking system market scope includes type and end-user. The end-user segment includes retailer, wholesaler, and manufacturer.

Manufacturers are expected to have a large market share due to a large number of industries like pharmaceutical, steel, and automotive. Since manufacturing entails producing new goods from raw materials or components, manufacturers need vast space to store their finished goods, semi-finished goods, and raw materials. Also, the storage of finished products and inflow of materials in manufacturing plants are ongoing processes until their transportation, thereby requiring adequate space. Thus, the warehouse racking system plays a central role by facilitating optimal storage and space utilization for manufacturers’ warehouses and raising their plant operations’ efficiency.

Some of the key companies operating in the Europe warehouse racking system market are Vanderlande Industries BV, Jungheinrich AG, SSI Schaefer Group, Kardex Holding AG, etc.

Vanderlande comes under the materials handling equipment business segment of the Toyota Advanced Logistics Group (TALG). It provides automated material handling systems & services and logistic process automation in the parcel, airports, and warehousing sectors. The company has an operational presence in Latin America, Asia-Pacific, Europe, and North America, with headquarters in Veghel, the Netherlands.

One of the company’s key products, QUICKSTORE Miniload, is suitable for storing trays, totes, and cartons.