Warehouse Racking Market Projected to Reach USD 12.41 billion by 2030: Key Growth Drivers Revealed
The global warehouse racking market size is anticipated to reach USD 12.41 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.2% from 2025 to 2030. The demand for warehouse racking is expected to witness significant growth owing to the rising awareness of the benefits of systematic storage and easy material handling processes. Warehouse racks manufactured using steel are popularly used in automotive, retail, manufacturing, and other applications as it is robust and durable. The warehouse racks manufactured using steel exhibit superior durability. The cost of steel-based warehouse racks is low, and these products can be constructed for normal floor units and high-rise shelving systems. The product manufacturers operating in the market include Hannibal Industries, Georgia-Pacific, Dematic, SSI Schaefer, EMRACK INTERNATIONAL, and others. These market players introduce warehouse racking systems inc...