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Global Racking Industry to Grow by over $1bn by 2024 according to new report

June 17, 2020

Some good news is on the horizon during this tough time for the racking industry. Despite the global pandemic and the vast number of slowly moving warehouse projects, a new report is expecting the global racking industry to grow by $1.35bn by 2024 and 5% per annum on average. The study identifies the increasing adoption of omnichannel strategies as one of the prime reasons driving the warehouse racking market growth during the next few years. The popularity of warehouse management system and demand for retail space will also lead to sizable demand in the market. Racking providers will see the full benefit of this if they embrace and adapt to the ever changing technology and demand placed on businesses and individuals as the developed world digitally transform their economies. Racking providers may need to embrace automation and work with integrators more and more to provide the best warehouse solution.

Click the link here for the full report - https://www.reportlinker.com/p05096207/Global-Warehouse-Racking-Market.html?utm_source=PRN

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