Racks and Frames: Introduction
- Racks and frames are a basic metallic tool used to store a wide array of materials and objects. It consists of two or more upright beams and connectors which are assembled by welding, bolting, or clipping.
- Major players across the globe are introducing racks and frames with better engineering techniques that helps users to store maximum number of products. This is likely to gain demand for racks and frames in the coming years.
Increasing Demand for Storage Facilities
- Increasing demand for storage facilities is likely to drive demand for racks and frames across the globe. Rapid growth in urbanization is influencing the growth of residential construction, which influences the demand for racks and frames. End-users seek storage facilities in order to store their products in a systematic manner. This is expected to increase the demand for racks and frames. Racks and frames are multipurpose units, helping to place a wide range of objects such as documents, e-devices, inventory stocks, and other materials. In addition, increasing number of commercial and industrial facilities across the globe is promoting the growth of the racks and frames market.
Presence of Alternate Solutions: A Key Restraint
- Rising usage of storage pallets in the industrial sector is likely to impact the growth of the racks and frames market. Rising popularity of residential and commercial cabinets is expected to restrain the growth of the racks and frames market. Increasing cost of raw materials to manufacture racks and frames is also a major reason influencing end-users to opt for alternative solutions and slow down the growth of the market. In addition, rising challenges of the pandemic situation due to COVID-19 across the globe is restraining the growth of the racks and frames market.
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Asia Pacific a Potential Market for Racks and Frames
- The global racks and frames market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the racks and frames market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The racks and frames market in South America has been segmented into Brazil and Rest of South America.
- Asia Pacific is expected to remain a potential market for racks and frames during the forecast period, owing to the rising demand for storage facilities in the past few years in the region.
Key Players Operating in the Global Racks and Frames Market
The global racks and frames market is fragmented in nature, due to presence of a large number of global and regional players. A few of the key players operating in the global racks and frames market are listed below:
- Aceally (International) Co., Ltd.
- Aracking & Shelving Solutions
- Eino Products
- F&F Industries, Inc.
- Global Furniture Group
- Global Industrial
- Gonvarri Material Handling
- Groves Incorporated
- Interlake Mecalux
- Shanghai Maxrac Storage Equipment Engineering Co., Ltd.
- Steel King Industries, Inc.
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Global Racks and Frames Market: Research Scope
Global Racks and Frames Market, by Type
- Floor Standing
- Wall Standing
Global Racks and Frames Market, by Product Type
- Single-sided
- Double-sided
Global Racks and Frames Market, by Weight Capacity
- Below 100 lbs
- 100 lbs- 500 lbs
- 500 lbs- 750 lbs
- 751- 1000 lbs
- Above 1000 lbs
Global Racks and Frames Market, by Material
- Steel
- Aluminum
- Others (Coated Metal, Copper, etc.)
Global Racks and Frames Market, by Price
- Low
- Medium
- High
Global Racks and Frames Market, by Application
- Residential
- Commercial
- Corporates
- Retail
- Institutes
- Others (Healthcare, Government, etc.)
- Industrial & Warehousing
Global Racks and Frames Market, by Distribution Channel
- Online
- Offline
- Specialty Stores
- Direct Sales
- Others (Departmental Stores, Individual Stores, etc.)
The report on the global racks and frames market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on regional and other segments of the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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