Drive in and Drive through Rack System Market Research Report

Drive in and Drive through Rack System Market by Product Types ( Single entry, Double entry, Rail system, Structural system) by Applications ( Retail, Manufacturing, Packaging, Food and Beverages, Pharmaceuticals) by Industry Analysis, Volume, Share, Consumer Insight, Challenges, Trends, Strategies & Forecast

Number of pages: 165 | Report Code: PSMR- PSMR-60053 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2029

Base Year Value (2021)

USD 1268.44 million

Forecast Value (2029)

USD 1845.17 million

CAGR (2022 to 2029)

5.5 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Global Drive in and Drive through Rack System Market is expected to reach USD 1845.17 million and likely grow at CAGR of around 5.5 % between 2022 and 2028

Overview

Drive in and Drive through Rack System rack systems are used in facilities that require the storage of large quantities of homogeneous goods. Both Drive-in and Drive-through rack systems offer close-fitting storage of boxes and allow the forklift and pallet jacks to enter the aisle from both sides. These systems come with several configuration choices such as LIFO/FIFO (last in, first out/first in, first out). They have several benefits such as high volume storage, better control over entry and exit with low SKU. The rising number of warehouses, storage facilities, booming e-commerce sector, developing manufacturing sector are some major factors driving the growth of the Global Drive in - Drive through Rack System Market.  


The demand for rack systems is on the rise due to their versatile use in commercial and industrial applications such as factories, godowns, airports, etc. In July 2020 Amazon India expanded their warehouse capacity by 20% adding new 10 fulfillment centers to meet the surge in demand from e-commerce caused due to the COVID 19 epidemic. Rising customization in product offerings, the booming e-commerce sector in developing countries is expected to offer several growth opportunities for Global Drive in - Drive through Rack System Market in the coming years.  


Drive in and Drive through Rack System Market
 


Product types & Competitive analysis

On the basis of product type market is segmented into a single entry, double entry, rail system, and structural system. Single entry and double entry product types were the fastest-growing segments in the year 2019. Both Drive-in and Drive-through rack systems are extensively used in storage facilities owing to their notable advantage in logistics and material handling operations. These systems are ideal for warehouses that store and transport large quantities of products. The rising need for storage space in the warehouse industry is supplementing the growth of these segments.  


COVID 19 has affected many businesses and the nationwide lockdowns across countries have affected the supply chains of many companies. The affected supply chains have resulted in 100% availability of products and inventories in the warehouses which is resulting in reduced space for new products. In addition to this several online retail companies have large products in their inventory waiting to be sold to the end-users. The growing need for storage will significantly influence the optimistic growth of these segments in the forecast period.  


Competitive analysis included in research study helps user to understand key players market positioning and marketing strategies. Drive-in/drive-thru racking systems have explicit design criteria and requirements that need to be met before using in the storage facility, such as the volume of storage, available space, load capacity of the racks, forklifts, pallet jacks, and other materials handling equipment. Several players in the market offer products that meet these criteria requirements of the client.  


Companies are customizing their products on the basis of design, size, shape and raw material to provide superior rack systems with the use of advanced technology, latest machinery. Many players are focusing on strategic acquisitions and mergers for sustainable growth and development in the industry. For instance, in 2019 Wolter Group LLC US acquired Bohnert Equipment Company in the USA. The acquisition makes Wolter Group’s a premier provider in material handling, storage, and engineered solutions.  


Drive in and Drive through Rack System Market Report
 


Application & Regional analysis

The application segment of Drive in and Drive through Rack System rack system market is divided into Retail, Manufacturing, Packaging, Food and Beverages, Pharmaceuticals. In terms of revenue generation, the retail segment led the drive in - drive-through rack system market in 2019. The growth was attributed to the need for a rapid inventory replacement cycle, a growing need for storage facilities, and a large volume of stock-keeping units. The Packaging segment is projected to grow at the highest CAGR during the forecast period 2020-2026. The growth in the segment is mainly due to the increasing penetration of e-commerce in developing countries and significant growth in the logistics industry.  


Drive in and Drive through Rack System Market Application Analysis
 


Regional outlook of research study is based on analysis of market in North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. The Asia Pacific dominates the Global Drive-In / Drive-Thru Racking Systems Market. The growth in the region was attributed to the presence of the large manufacturing sector, developed logistics channels, and massive trade flows across countries in the world. China was the leading market in revenue generation in 2019 due to expanding global trade, increased foreign investment in multiple sectors, and an enhanced logistics system. China’s logistics industry has shown incredible growth in the last decade and is projected to witness stable growth in the coming years.  


Driven by the rapid development of the internet and mobile technology in the Asia Pacific e-commerce and the logistic sector have witnessed remarkable growth in the past decade. In addition, Asia Pacific is expected to witness strong growth in the forecast period owing to pouring investments in the manufacturing sector from prominent players. North America was second in terms of revenue generation in 2019. The growth in the region is accounted to the developed retail and e-commerce industry in the US and Canada. The rise in demand for Drive-In / Drive-Thru Racking Systems in the manufacturing, warehousing, transportation, industrial facilities will fuel the industry growth in the forecast period.  


Drive in and Drive through Rack System Market Regional & Companies Analysis
 


Global Drive in and Drive through Rack System Market : Product Types

  • Single entry
  • Double entry
  • Rail system
  • Structural system

Global Drive in and Drive through Rack System Market : Applications Insight

  • Retail
  • Pharmaceuticals
  • Manufacturing
  • Packaging
  • Food and Beverages
  • Other

Global Drive in and Drive through Rack System Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Drive in and Drive through Rack System Market:

  • Daifuku Co., Ltd.
  • Mecalux S.A.
  • Kardex Group
  • Hannibal Industries, Inc.
  • Jungheinrich AG
  • SSI SCHAEFER Group
  • Toyota Industries Corporation

Geographical analysis of Global Drive in and Drive through Rack System Market :

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Global Drive in and Drive through Rack System Market Report delivers comprehensive analysis of :

  • Market Forecast for 2021-28
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Drive in and Drive through Rack System Market was valued at around USD 1268.44 million in 2020 & estimated to reach USD 1845.17 by 2028.




Drive in and Drive through Rack System Market is likely to grow at compounded annual growth rate (CAGR) of 5.5% between 2021 to 2028.




segment dominated the global market in terms of revenue generation. region is likely to show the highest growth rate between 2021 to 2028.




Some of the top companies included in the research report are Daifuku Co., Ltd., Mecalux S.A., Kardex Group, Hannibal Industries, Inc., Jungheinrich AG, SSI SCHAEFER Group.




The demand for rack systems is on the rise due to their versatile use in commercial and industrial applications such as factories, godowns, and airports.




Yes, the report includes COVID 19 impact on the market.



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    Drive in and Drive through Rack System Market Covid 19 Impact Analysis
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