DUBLIN--(BUSINESS WIRE)--The "Global
Drum Storage Racks Market 2018-2022" report has been added to ResearchAndMarkets.com's
The analysts forecast the global drum storage racks market to grow at a CAGR of 5.47% during the period 2018-2022.
Drum storage racks are essential tools in the material handling industry. They are used for bolstering the handling and storing of drums that encase materials such as chemicals, petrochemicals, solvents, paints, fertilizers, and food and beverage chemical preservatives and additives.
The report covers the present scenario and the growth prospects of the global drum storage racks market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is increase in SKU proliferation driving demand for drum storage racks. Increasing consumer demand is propelling new stock keeping units (SKU). Many end-user industries demand products of different shapes, sizes, and other features. Varying shapes and sizes of products can ease storage and make warehouse operations seamless.
One driver in the market is increasing demand for warehouse racks for space optimization. Rents of warehouses in the US have been increasing. For instance, rents of bulk distribution space have increased by about 5%-7% year-over-year from 2015-2016. In addition, the rent of multitenant distribution warehouses recorded an increment in the range of 13%-16% from 2013 to 2016 in the US.
The report states that one challenge in the market is volatility of raw material prices. The primary raw material used for the manufacturing of drum storage racks is steel. Properties of steel such as high tensile strength, toughness, and durability make the metal appropriate for manufacturing drum storage racks.
- Drum Runner
- New Pig
- Wesco Industrial Products
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/nhnsw5/global_drum?w=4