IoT integration in transport racking expands addressable market opportunities

Global Transport Rack Market

Dublin, July 5, 2024 (GLOBE NEWSWIRE) — The report “Transport Racks – Global Strategic Business Report” has been added to Research & Marketing.com offering.

The global transport racking market was valued at USD 508.1 million in 2023 and is projected to reach USD 676.0 million by 2030, growing at a compound annual growth rate (CAGR) of 4.2% between 2023 and 2030. This comprehensive report provides in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth of the transport racking market is being driven by several factors, including the expansion of the e-commerce industry, the growing demand for efficient supply chain solutions, and advances in material science and technology. The rapid growth of e-commerce has led to an increase in demand for reliable and efficient transport solutions, forcing companies to invest in advanced transport racking to cope with high volumes of shipments. This is especially evident in the growth of same-day and next-day delivery services, which require robust and quick-to-implement transport solutions.

Moreover, the trend towards just-in-time production and delivery has reinforced the need for transport racks that can ensure timely and damage-free delivery of goods. Technological advancements such as the development of lightweight yet durable materials and the incorporation of intelligent tracking systems are further driving the market growth. Moreover, the growing emphasis on sustainability and reduction of carbon footprint is encouraging the adoption of transport racks that are not only efficient but also eco-friendly. Recyclable materials and energy-efficient manufacturing processes are becoming key considerations for manufacturers. These factors are collectively contributing to the strong growth of the transport rack market, which is in line with the broader trends in global logistics and supply chain management where efficiency, reliability, and sustainability are paramount.

The most important information:

• Market Growth: Understand the significant growth trajectory of the construction end-use segment, which is projected to reach USD 276.6 Mn by 2030 at a compound annual growth rate (CAGR) of 4.4%. The automotive end-use segment is also expected to grow at a CAGR of 4.6% during the period under review.

• Regional Analysis: Gain insights into the US market, estimated to reach US$138.4 million in 2023, and China, which is projected to grow at an impressive 7.8% CAGR to reach US$144.3 million by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.

Why buy this report:

• Detailed Market Analysis: Get access to detailed analysis of the global Transport Racking market, covering all major geographies and market segments.

• Competitive intelligence: Get an overview of the competitive landscape, including the market presence of key players in different geographic regions.

• Future Trends and Drivers: Explore the key trends and drivers for the global transportation racking market.

• Actionable insights: Benefit from actionable insights that help you identify new revenue opportunities and make strategic business decisions.

Answers to key questions:

• How will the global transport racking market develop by 2030?

• What are the main factors driving and restraining the market?

• Which market segments will experience the greatest growth in the forecast period?

• How will the market shares of individual regions and segments change by 2030?

• Who are the leading players on the market and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in millions of US dollars for 2023-2030.

• Detailed regional analysis: Detailed knowledge of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, the Middle East and Africa.

• Company Profiles: Description of major players such as Chairborne Machinery Liaoning Co., Ltd., conTeyor, Deltarack BV and more.

• Free updates: Receive one year of free report updates to keep you up to date with the latest market developments.

Key Features:

MARKET OVERVIEW

• Insight into the influencer market

• Global Economic Update

• Transport Racks – Global Key Competitors, Percentage Market Share 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Simple for Global Gamers in 2024 (E)

MARKET TRENDS AND DRIVERS

• The development of the e-commerce industry drives the demand for transport racks

• Technological advances in modular designs drive market growth

• IoT integration in transport racking expands addressable market opportunities

• Growing demand for efficient supply chain solutions is driving growth

• Development of lightweight, durable materials strengthens business case for advanced shelving

• Just-in-time manufacturing trends drive adoption of customizable transport racks

• Increased focus on sustainability and carbon footprint reduction is driving demand for eco-friendly stands

• Growth in automotive and manufacturing sectors drives adoption of specialized transport racking

• Improvements in security and tracking technology are driving growth

• Economic growth in emerging markets creates new opportunities for transport racking manufacturers

• Advances in hygiene and safety features for food and beverage racking

• The growing complexity of logistics operations increases the demand for intelligent racking

• Focus on reducing operational costs drives implementation of efficient transport racks

FOCUS ON SELECTED PLAYERS (Total 36 distinguished):

• Chairborne Machinery Liaoning Co., Ltd.

• Continue

• Deltarack BV

• Emtomech BV

• Groves Incorporated

• HARTMANN Electronic

• Heras Mobile Fencing and Security

• Humboldt Mfg. Company

• JUNG Hebe- und Transporttechnik GmbH

• MH&More

• MyGlassTruck, Inc.

• Pichler GmbH

• Riptide Pools Ltd

• Teelmann Handels GmbH & Co. KG

• TMB Torgauer Maschinenbau GmbH

• Vestil Production

For more information on this report, please visit https://www.researchandmarkets.com/r/c2olaq

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