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Global Transport Racks Market Outlook to 2022: Groves Incorporated, Nefab Group, Plymouth Industries, and Spika Design & Manufacturing are Dominating - ResearchAndMarkets.com

October 9, 2018

DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Global Transport Racks Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The global transport racks market is projected to grow at a CAGR of 6.1% during the period 2018-2022.

Manufacturing and warehouse service companies are implementing robotics and automation solutions such as automated storage/retrieval system (AS/RS), conveyors, automated self-storage systems and other pallet flow systems to enhance operational effectiveness. The increasing demand for automation and robotics will be a key trend driving the growth of the transport racks market during the forecast period.

According to the report, one of the major drivers for this market is the growing demand for transport racks from the logistics industry. End-user industries such as the automotive and glass industry are creating a demand for safe handling and transportation services to transport their products. This will result in increasing adoption of transport racks by the logistics industry, thereby triggering market growth.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in prices of raw materials used for constructing transport racks such as wood and steel. The fluctuation of the prices can be attributed to the disequilibrium of demand and supply. These fluctuations affect the profitability of vendors, which in turn is detrimental to the growth of the transport racks market.

Market TrendsIncreasing Demand for Automation & RoboticsReduced Number of Automotive EquipmentIncreasing Requirement for Safe Material Handling & Transportation in Developing Economies

Key Vendors

Groves IncorporatedNefab GroupPlymouth IndustriesSpika Design & Manufacturing

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Customer Landscape

8. Market Segmentation by End-User

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/jf6xdt/global_transport?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005749/en/

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Related Topics:Automotive and Transport,Material Handling Equipment

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT AUTOMOTIVE AFTERMARKET

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/09/2018 10:01 AM/DISC: 10/09/2018 10:01 AM

http://www.businesswire.com/news/home/20181009005749/en

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