One of the most important industries in any developing or developed economy today is Logistics. This is because
Logistics deals with the management of the flow of products from the place of origin to the place of consumption. Therefore, this industry involves various processes such as the integration of material handling, warehousing, packaging, transportation, inventory management, supply chain management, procurement, etc. The growth of dedicated 3PL service providers would benefit the
industrial storage system market tremendously since efficient material handling systems are the cornerstone of success for these service providers.
The global warehouse racking market size is anticipated to grow at a CAGR of 3.6 percent until 2025. A surge in demand for capacity expansion in warehouses and storage facilities is expected to drive the market for warehouse racking systems over the forecast period as warehouse construction and the demand for storage space is skyrocketing across the globe. Other factors such as increasing demand and the need for systematic storage and easy material handling are expected to support industry growth.
Increasing awareness about the optimum utilization of spaces across supply channels, which includes distribution centers and storage utilities is expected to bolster the market growth of this industry. Industrial Racking not only provides cost-effective solutions but also offers systematic storage operations for both heavy and fragile objects. Furthermore, the long lifespan of the metal rack framework is expected to increase the demand over the forecast period.
Technologically advanced industrial storage
Industrial storage racks are mainly designed for carrying heavy loads as these are most commonly used in industrial warehouses. Industrial storage racks are suitable for a variety of different industries and provide economic managing of space and storage processes as well. The automated storages assure quick order picking and computer monitoring. Not just that, with technologically advanced industrial storage racks one can also trace the products anywhere in the warehouse.
Structural steel is the primary metal that is used in the manufacturing of Racking systems. Other metals such as iron and aluminum are also used in the racking system manufacturing. Intending to bring about new types of products and technical innovations, manufacturers have introduced a rigid rack framework, pallets, and attachment products that have enhanced the life of warehouse racks. Therefore, these factors are anticipated to increase product demand in heavy end applications such as industrial machinery and automotive. These systems are not only easy to maintain but can also be easily relocated and restructured according to warehouse dimensions and space availability.
Change in consumer preferences from traditional shelving to racking structures to utilize and enhance existing storage facilities are expected to drive the market growth. These racking systems can be installed as per the warehouse space availability and desired storage form. Furthermore, the ability to restructure racks according to the dimensions of an object is predicted to significantly increase the demand.
