Warehouse Racking System Market: Top Benefits & Common Types of Pallet Racks Proper inventory management is integral to warehouse operations, which is also a challenge faced by warehouse professionals. This can be eased by selecting the right warehouse racking system. A warehouse racking system is a storage solution for racking materials in horizontal rows on multiple levels. As per Inkwood Research, the global warehouse racking system market is set to register a CAGR of 4.08% during the forecast period, 2023-2032. Businesses today are prioritizing warehouse optimization, given the surging e-commerce operations and the increasing home delivery trends. Accordingly, companies are streamlining warehouse operations through tactics like pallet racking to meet the increasing demand for speedy goods delivery. Pallets are a major component in a supply chain and substantially influence overall efficiency. Inkwood Research’s analysis of the global warehouse racking system market by type includes drive-in racking and drive-through racking, selective pallet racking, cantilever racking, pallet flow racking, and pushback racking. As per our evaluation, selective pallet racking is the largest revenue-generating and fastest-growing type in the market. It is expected to garner a revenue share of 44.31% and a CAGR of 4.58% by 2032.
In this blog, we take a look at the top benefits & common types of pallet racks: Top Benefits of Pallet Racks
Space Saving
The foremost benefit of a pallet racking system is maximum storage space. It uses more vertical space over floor space, facilitating more storage capacity. Similarly, an increased storage capacity will result in increased revenue. The forklift trucks can drive into the racks, enabling easy handling of goods. For instance, push-back racking systems expand storage capacity for high-density product stock-keeping units (SKUs). In addition, drive-through or drive-in pallet racks save space by minimizing the number of aisles within a warehouse for efficient workflow management.
Enhanced Warehouse Safety
Safety is a topmost priority in any industry. Warehouse safety rules should encompass worker logistics, height restrictions, machinery operations, and pallet & load weight. As a result, the demand for rapid fulfillment and convenience has increased in the last few years in warehouses alongside warehouse injuries. As per a 2020 study by the US Bureau of Labor Statistics, there were around 4.8 injuries among warehousing & storage workers for every 100 full-time employees. A busy warehouse can immensely benefit from a pallet racking strategy as it eliminates common hazards that cause injuries, minimizes clutter, and streamlines workflow. Additionally, pallet racking systems are