NORTH AMERICA WAREHOUSE RACKING SYSTEM MARKET FORECAST 2023-2032

The North America warehouse racking system market growth evaluation comprises a detailed analysis of the United States and Canada. The significant presence of a well-established e-commerce market, in addition to advanced infrastructure and qualified labor, contributes to the lucrative warehouse racking system market in the United States. Moreover, online sales increased substantially amid the novel coronavirus pandemic, with the country anticipated to require more warehouses in order to accommodate a surge in the variety of products. While these factors encourage the establishment of new warehouses, the growing need for fulfillment centers in the United States further opens up novel opportunities for the region’s warehouse racking market growth.

On the other hand, the rapidly-developing construction industry, as well as the rise in food processing and cold storage facilities, is projected to fuel the growing demand for warehouse space in Canada. In addition, the country’s market is also expanding on account of the swift expansion of e-commerce fulfillment centers and favorable government policies and investments for the development of product storage warehouses in Canada. For example, the Minister of Transport announced funding of $5 million under the National Trade Corridors Fund (NTCF), expected to increase warehousing capacity and accelerate loading activities. Hence, the aforementioned factors are set to propel the North America warehouse racking system market growth during the forecast years.

The North America 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. As a widely utilized pallet racking system, selective pallet racking facilitates easier access to goods or loads stored using forklifts and effective space utilization. Moreover, the system is cost-effective, with a wide range of attachments and sizes. It is also suitable for storage services as well as regular utility. 

Conversely, the need for down-aisle picking is eradicated through the application of drive-through racking and drive-in racking. In this regard, pallets can be efficiently accessed from support rails affixed to uprights with the help of a lift truck. While drive-through racking follows the method of first in, first out, drive-in racking follows the last in, first out (LIFO) method

Some of the leading companies operating in the North America warehouse racking system market are Dematic, AK Material Handling Systems, etc. 

AK Material Handling Systems, headquartered in the United States, provides pallet rack systems, warehouse layout design and relocation services, warehouse racking, and others. Under the pallet rack system, the company offers push back racks, pallet racks, pallet flow racks, drive-in pallet racking, carton flow rack, cantilever racks, etc. The company’s push back rack provides access to various pallets/SKUs as well as storage density by storing multiple pallets per position.