Mobile Shelving Market Report Overview
-
Request a Free Sample to learn more about this report
The global mobile shelving market size expanded rapidly in 2021. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period.
The storage or shelving units that are equipped with wheeled traction systems are referred to as "mobile shelving, "roller racking," or "rolling stack. A shelf is an important tool for modern warehouse efficiency. An electric motor drives each row of shelves. The motor moves along a track laid on the ground by rollers installed beneath the shelves. The only thing needed to set up a mobile shelf is a channel. The shelf uses a lot of space, is safe and reliable, is easy to move, and is used a lot in warehouses for food, finance, media, and other industries. The moving shelf has a much larger storage capacity than the fixed shelf. When access is not required, units can be packed tightly but easily moved to open an aisle for access.
The market's growth can be attributed to rapid urbanization and industrialization, an increase in industrial activities in both developed and developing nations and an increase in the use of manufacturing facilities to make the most of available space.
COVID-19 Impact: Pandemic Hampered the Market Demand
As a result of the COVID-19 pandemic's imposition of a lockdown, a number of businesses and utilities were temporarily prevented from producing, processing, importing, and exporting goods, which decreased demand from these customers. Numerous nations have imposed travel restrictions in an effort to slow the coronavirus's spread, which has had a significant impact on the mobile shelving market. Manufacturing units were closed until the government issued instructions for their reopening, and travelers were required to self-quarantine for two weeks upon arrival or departure. Sales of mobile shelving decreased as a result of transportation restrictions, the closing of department and specialty stores, and a lack of products. Consumer demand has decreased as a result of people's increased desire to eliminate unnecessary expenses from their budgets as the majority of people's general economic status has been severely impacted by this outbreak. However, the market is anticipated to recover as the respective governing authorities begin to lift these imposed lockdowns.
Latest Trends
"Market Growth Is Being Boosted by the Rising Demand from Manufacturing Sector"
When storing a large amount of physical archive material, filing, or books, mobile shelving is typically used in academic or commercial settings. These include records from the government or medical field, offices with a lot of paperwork, like those in the legal or accounting fields, public and academic libraries, and similar archives. Market demand is anticipated to rise as a result of the rising demand from the manufacturing sector and the expanding number of warehouses and industries across nations. Additionally, the majority of players are focusing on acquisition, product launches and collaborations with businesses to increase their portfolio. For instance, Madix Inc. bought the Texas assets of Panel Processing, Inc. in February 2021.
Mobile Shelving Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into open mobile shelf, enclosed mobile shelf. The open mobile shelf segment will dominate the market.
- By Application Analysis
Based on service, the market can be divided into library, media industrial, logistics industrial, financial industrial, food industrial, other. The library segment will dominate the market.
Driving Factors
"Better Space Management and Technological Innovations to Speed up Market Growth"
The contents of the bank of units are shielded from light and dust when the bank is closed, and the end unit can be locked in place to secure the entire bank. Because of this, mobile shelving is ideal for storing collections in museums and archives. When compared to conventional filing cabinets, mobile shelving units provide an increase in storage space of 50% to 100% while reducing floor space by close to 50%. The expanding manufacturing industry and rapid urbanization are anticipated to benefit the market. Technological advancements have resulted in the development of more advanced shelving which may present market participants with opportunities. Further, rising demand from the commercial sector will boost mobile shelving market growth.
"Rise in Urbanization and Industrialization to Fuel Market Progress"
The market's growth can be attributed to rapid urbanization and industrialization, an increase in industrial activities in both developed and developing nations and an increase in the use of manufacturing facilities to make the most of available space.
Restraining Factors
"High Investment Expenditure to Hamper Market Expansion"
High initial investment costs, unfavorable market conditions, better alternative tools, government policies, and a few other variables are expected to hamper the mobile shelving industry. Over the forecast period, things like price shifts and rising costs for manufacturing raw materials are expected to hinder the market.
Mobile Shelving Market Regional Insights
-
Request a Free Sample to learn more about this report
"Infrastructural Development in North America Anticipated to Boost Market Development"
North America holds the leading position in mobile shelving market share. The presence of a strong and deep rooted circulation network is probably going to expand market interest sooner rather than later. The market is primarily being driven by the prompt movement of goods and a cost-effective racking system. Additionally, positive growth is anticipated to be added to the overall market as a result of the rise in infrastructure development and the rapidly shifting logistics and supply network.
Key Industry Players
"Market Expansion Is Being Driven by Key Players' Adoption of Innovative Strategies"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are Mecalux, MobileShelving, Jungheinrich, LinkMisr International, Unique System, Montel, Pipp Mobile Storage Systems, Madix, Rolex India Engineering, Kardex Remstar, LISTA AG. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- Mecalux
- MobileShelving
- Jungheinrich
- LinkMisr International
- Unique System
- Montel
- Pipp Mobile Storage Systems
- Madix
- Rolex India Engineering
- Kardex Remstar
- LISTA AG
Report Coverage
This report examines an understanding of the mobile shelving market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
Frequently Asked Questions
-
What is the leading region in mobile shelving market?
North America is the leading region in mobile shelving market.
-
Which are the driving factors of the mobile shelving market?
Rapid industrialization and rising demand from manufacturing sector are the driving factors of the mobile shelving market.
-
Which are the top companies operating in the mobile shelving market?
Mecalux, MobileShelving, Jungheinrich, LinkMisr International, Unique System, Montel, Pipp Mobile Storage Systems, Madix, Rolex India Engineering, Kardex Remstar, LISTA AG are the top companies operating in the mobile shelving market.