During the projected period, the push-back racking system market is anticipated to grow at a moderate CAGR of 7.5%. The estimated revenue for the global market is $12.12 billion in 2022, and it is predicted to reach $23 billion by the end of 2032.
A push-back racking system is used to methodically arrange the items and materials in order to save space in warehouses by increasing storage density. Due to the lack of specialized forklift trucks needed to transport boxes, it is quite convenient. Additionally, managing high-temperature environments and using freezers and coolers are involved.
Because of the pallet-based system, which includes a first pallet that is placed on top of carts and a second pallet that can be placed easily by pushing the first pallet, the functionalities provided by this system push the packing industry and raise the overall sales of push-back racking systems. The introduction of the structured space provided by the push-back racking system, along with superior height options, convertible space, and labelling, has increased sales of the system on a global scale.
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Which are the key Competitors of Push-back Racking System Market?
The key players of the push-back racking system market are focusing on enhancing durability, conciseness and better pallet organization. This drives the sales of push-back racking systems.
Key players in push-back racking system market include 3D Logistics Inc, STILL GmbH, Karl H. Bartels GmbH, Mecalux S.A. and Aceally (International) Co. Ltd
Recent Market Development:
- STILL GmbH has introduced the new product series following the LiFo principle for better and ensures efficient storage that helps in optimum use of any warehouse space. The qualities help in better sales of push-back racking systems.
- Karl H. Bartels GmbH has launched its pallet racking drawers that provide long material storage and capacity to hold heavy loads. This pushes the sales push-back racking system.
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What are the Push-back Racking System Market’s Major Drivers?
increasing difficulties in today’s warehouse racking systems, such as having to store an increasing number of products on an increasing number of pallets in a set amount of space. Compared to conventional high-density storage systems like a drive-in, a push-back racking system increases the number of pallets stored while providing various benefits. During the anticipated term, these factors are anticipated to significantly increase demand for push-back racking systems.
Push-back racking systems are likely to see an increase in sales as a result of the scarcity of modern warehouse space and the growth of the global retail sector. During the anticipated period, it is anticipated to fuel the growth of the global push-back racking system market. Technology innovation, which boosts speed, storage density, efficiency, and visibility, would certainly assist the world’s warehouse inventory, which is ageing faster than ever. Push-back racking system sales are pushed as a result.
As a result, it is projected to increase demand for practical industrial racking systems, which in turn propels the expansion of the worldwide push-back racking system market throughout the course of the forecast year. As a result, during the projection period, push-back racking system demand is expected to continue its noteworthy global expansion.
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Key Segments in the Push-back Racking System Market
By Capacity:
- Light duty racks
- Medium duty racks
- Heavy duty racks
By End Use:
- Food & Beverage
- Automotive
- Electrical & Electronics
- Healthcare & Pharmaceuticals
- Chemicals
- Retail
- E-commerce
- Textile
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East & Africa
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