Product Code: ETC295344 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India industrial racking systems market import shipments experienced robust growth with a CAGR of 24.8% from 2020 to 2024. The growth rate between 2023 and 2024 accelerated by 19.9%, indicating a significant expansion trend, showcasing strong momentum and a thriving market.
The India industrial racking systems market is witnessing robust growth, driven by the increasing demand for efficient and organized storage solutions in warehouses and logistics facilities. Key players in this market offer a wide range of industrial racking systems, including pallet racking, cantilever racking, and drive-in racking, to cater to the diverse needs of storage and material handling applications. As e-commerce and retail sectors continue to grow, the need for optimized warehouse storage and inventory management is increasing, driving the adoption of industrial racking systems. Additionally, the focus on warehouse automation and space optimization is driving the development of innovative racking solutions in the India market.
The India industrial racking systems market is witnessing significant growth as industries focus on optimizing storage and warehousing solutions. The growth of e-commerce, logistics, and manufacturing sectors is driving the demand for efficient racking systems. Additionally, the need for better inventory management, space utilization, and streamlined material handling processes are key drivers in this market.
The industrial racking systems market faces challenges related to optimizing storage space, ensuring the safe and efficient movement of goods, and complying with safety standards. Moreover, the market must address the need for flexible and adaptable racking solutions to accommodate diverse storage requirements.
The pandemic led to fluctuations in demand for storage solutions as supply chains were disrupted. However, with the gradual restoration of logistics operations, the market for industrial racking systems is expected to recover.
The India industrial racking systems market is characterized by the presence of both domestic and international players. Some of the key players in this market include Godrej & Boyce Manufacturing Company Limited, Nilkamal Limited, Storwel Industries, and BAC Compressors. These companies offer a wide range of industrial racking systems, including pallet racks, cantilever racks, and drive-in racks, catering to various storage needs in warehouses, manufacturing facilities, and logistics centers. Additionally, global players like Dexion (Gonvarri Material Handling) and SSI SCHAEFER also have a significant presence in the India market, providing innovative and customized racking solutions to meet the demands of modern industrial storage requirements.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial Racking Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Racking Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Racking Systems Market - Industry Life Cycle |
3.4 India Industrial Racking Systems Market - Porter's Five Forces |
3.5 India Industrial Racking Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Industrial Racking Systems Market Revenues & Volume Share, By Industry Verticals, 2021 & 2031F |
4 India Industrial Racking Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in e-commerce industry leading to increased demand for industrial racking systems |
4.2.2 Expansion of manufacturing and logistics sectors in India |
4.2.3 Implementation of automation and warehouse optimization technologies |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up industrial racking systems |
4.3.2 Lack of awareness and expertise in designing and implementing efficient racking systems |
4.3.3 Limited availability of skilled labor for managing and operating racking systems |
5 India Industrial Racking Systems Market Trends |
6 India Industrial Racking Systems Market, By Types |
6.1 India Industrial Racking Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Racking Systems Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Industrial Racking Systems Market Revenues & Volume, By Cantilever Racking System, 2021-2031F |
6.1.4 India Industrial Racking Systems Market Revenues & Volume, By Drive-in/Drive-thru Pallet Racking System, 2021-2031F |
6.1.5 India Industrial Racking Systems Market Revenues & Volume, By Selective Pallet Racking System, 2021-2031F |
6.1.6 India Industrial Racking Systems Market Revenues & Volume, By Push Back Pallet Racking System, 2021-2031F |
6.1.7 India Industrial Racking Systems Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Industrial Racking Systems Market, By Industry Verticals |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Racking Systems Market Revenues & Volume, By Retail, 2021-2031F |
6.2.3 India Industrial Racking Systems Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.4 India Industrial Racking Systems Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.5 India Industrial Racking Systems Market Revenues & Volume, By Food and Beverages, 2021-2031F |
6.2.6 India Industrial Racking Systems Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.7 India Industrial Racking Systems Market Revenues & Volume, By Others, 2021-2031F |
7 India Industrial Racking Systems Market Import-Export Trade Statistics |
7.1 India Industrial Racking Systems Market Export to Major Countries |
7.2 India Industrial Racking Systems Market Imports from Major Countries |
8 India Industrial Racking Systems Market Key Performance Indicators |
8.1 Average warehouse utilization rate |
8.2 Frequency of warehouse optimization initiatives |
8.3 Percentage of manufacturing facilities implementing automated storage and retrieval systems |
8.4 Average time taken for racking system installation and setup |
8.5 Rate of adoption of advanced racking technologies (such as RFID tagging or automated inventory management systems) |
9 India Industrial Racking Systems Market - Opportunity Assessment |
9.1 India Industrial Racking Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Industrial Racking Systems Market Opportunity Assessment, By Industry Verticals, 2021 & 2031F |
10 India Industrial Racking Systems Market - Competitive Landscape |
10.1 India Industrial Racking Systems Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Racking Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |