Europe Rack Market is forecasted to grow at a CAGR of 7.3% with factors such as a rise in demand for cost-effective and systematic storage operations for heavy and fragile objects in the region.
The rack market has shown an exceptional penetration in countries such as Germany, U.K., and France. In the European region, shifting preferences from traditional shelving to racking structures create opportunities for the Europe rack market.
Europe Rack Market Scenario
According to Data Bridge Market Research, the market for rack in Germany has the highest market share, followed by the U.K. and France. The market leader is NEDCON ( Subsidiary of voestalpine), accounting for an estimated market share of approximately 11.27% in the Europe rack market. The company has gained outstanding sales through innovative rack products for several end users.
For Instance:
- In April 2019, NEDCON introduced a new robotic line at the production plant in Pardubice to construct pallet racking systems. With this expansion in its production plant company is expecting a huge improvement in its innovative products and production facility
Trends Impacting the Market
Now the question is which other regions NEDCON (Subsidiary of voestalpine), OHRA Regalanlagen GmbH, AR Racking are targeting? Data Bridge Market Research has forecasted a large growth in Germany, and the market leaders are targeting the U.K. and France to be their next revenue pockets for 2021.
The rack market is becoming more competitive every year with companies such as NEDCON (Subsidiary of voestalpine), OHRA Regalanlagen GmbH, AR Racking, as they are the market leaders for the Europe rack market. The data bridge market research new reports highlight the major growth factors and opportunities in the rack market.
For more analysis on the rack market, request a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=europe-rack-market
Europe Rack Market Developments
- In September 2021, Dexion started expansion for Dexion Romania to enhance pallet racking production, product development, and engineering sites in Europe. With this development company can expand its new product development in the market
- In September 2020, AR Racking expanded its AR Racking GmbH facility in Germany to strengthen its distribution network. With this development company can enhance its customer base in the European market
Scope of the Europe Rack Market
The Europe rack market is segmented based on countries into Germany, Italy, U.K., France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg, and the Rest of Europe. All country-based analysis of rack market is further analyzed based on further segmentation.
- On the basis of type, the Europe rack market is segmented into selective racks, drive-in racks, carton flow racks, mobile sliding racks, pallet flow racks, cantilever racking system, automated storage and retrieval system, others. On the basis of material type, the Europe rack market is segmented into roll formed steel, structural steel, hybrid. On the basis of distribution channel, the Europe rack market is segmented into online, offline. On the basis of end-user, the Europe rack market is segmented into food and beverages, retail, automotive, chemicals, healthcare, aviation, e-commerce, others.
To know more about the study https://www.databridgemarketresearch.com/reports/europe-rack-market
Key Pointers Covered in Europe Rack Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- NEDCON( A Subsidiary of voestalpine)
- OHRA Regalanlagen GmbH
- AR Racking
- Dexion
- Mecalux, S.A.
- Scientific-Production Enterprise "IMVO"
- NET-RACK Lager- und Fördertechnik GmbH
- Daifuku Co., Ltd.
- Swisslog Holding AG ( A Subsidiary of Kuka)
- eska Schneider Lagersysteme GmbH
- Europe Racking
- ABS
- Esnova Racks S.A.
- stow-group
- Evro Market
- Heinz Regalsysteme GmbH
- Gondella
- Kardex
- Begra Megazijninrichting BV
Above are the key players covered in the report. To know about more and exhaustive list of rack companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=europe-rack-market
Research Methodology: Europe rack Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufactures
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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