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The global industrial mezzanines market size is slated to touch USD 9.43 billion by 2026 owing to increasing demand for e-commerce platforms around the globe. This information is contained in the Fortune Business Insights™ report, titled “Industrial Mezzanines Market Size, Share & Industry Analysis, By Type (Prefabricated, Structured, Free-standing, Perimeter), By Number of Storey (Single – level, Multi – level) By Application (Processing Plants, Industrial Facilities and Warehouse, Distribution Center, Retails Stores, Office buildings), and Regional Forecast, 2019-2026”. According to this report, the market value stood at USD 6.59 billion in 2018 and is anticipated to register a CAGR of 4.6% from 2019 to 2026.
Jungheinrich Completes Construction of Distribution Center for IKEA Russia
One of the prominent industrial mezzanines market trends shaping the competitive landscape of this market is the geographic expansion undertaken by some companies in recent years. In July 2019, the German material handling equipment maker, Jungheinrich AG, successfully completed the setting up of a distribution center for IKEA Russia, its largest project till date. A massive logistics facility, the center houses a 15-aisle high-bay pallet warehouse featuring a silo design along with pallet spaces numbering 210,000. The focus of Jungheinrich will be to streamline and optimize intra-logistics operations, elevating the efficiency quotient of the facility in the process. Moreover, this project has bestowed confidence in the ability of the company to undertake and bring large ventures to fruition effectively.
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Poor Safeguards for Workers’ Safety in Mezzanines to Inhibit Market Growth
Laborers employed in factories, warehouses, and distribution centers work in hazardous environments as they are required to handle complex machineries and equipment as well as work on elevated structures such as mezzanine floors. As a result, the threat of grave injuries or even death always looms large in such establishments. In 2018-19, for example, the UK government revealed that around 44,000 workplace injuries occurred due to lack or insufficiency of safety measures in manufacturing and packaging facilities. Negligent behavior by manufacturers may, therefore, make workers hesitant about working in such environments. However, governments around the world are now implementing stringent regulations to ensure workplace safety, thereby forcing producers to design standardized industrial equipment, including mezzanines.
Exciting Partnerships to Infuse Fresh Energy into Market Competition
The market growth for industrial mezzanines is getting a major booster shot from the increasing number of collaborations that leaders from diverse industries are entering into, thereby enhancing the potential of this market. These cross-partnerships are aiding the core market companies to deepen their foothold in the market and are also serving as a springboard for some players to venture outside their home turf and establish their presence at a global level. Together, these developments are positively impacting the growth trajectory of this market and ensuring its progress in the foreseeable future.
List of Key Players Covered in this Market Report:
Further Report Findings:
Table of Segmentation:
2015 – 2026
2019 – 2026
2015 – 2017
Value (USD billion)
By Number of Storey