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Industrial Mezzanines Market to Reach $10.14 Billion by 2028; Stoked by Increasing Focus on Incorporation of Advanced Technologies

June 21, 2021 | Machinery & Equipment

The global industrial mezzanines market size is expected to gain momentum by reaching USD 10.14 billion by 2028. This information is published by Fortune Business Insights in its report, titled “Industrial Mezzanines Market Size, Share & COVID-19 Impact Analysis, By Type (Prefabricated, Structured, Free-standing, Perimeter), By Number of Storey (Single – level, Multi – level) By Application (Processing Plants, Industrial Facilities and Warehouses, Distribution Centers, Retail Stores, Office buildings), and Regional Forecast, 2021-2028.” The report further mentions that the market stood at USD 7.08 billion in 2020 and is likely to exhibit a CAGR of 4.8% between 2021 and 2028.


stow Group Announces its Presence in Sweden to Introduce Next-Gen Storage Equipment


In November 2020, stow Group announced its establishment in Sweden to create synergies and solutions to develop state-of-the-art automated handling of small goods and pallets. Besides, the company is focusing on introducing advanced storage equipment to cater to the growing demand for industrial mezzanines and racking solutions across several Nordic countries. The company is working with other companies to strengthen its presence in the highly competitive global marketplace.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industrial-mezzanines-market-102688


Increasing Adoption of Advanced Technologies to Augment Growth


The increasing focus on adopting advanced material handling systems across several industrial applications has led to reduced downtime and improved efficiency of industrial operations. The companies are adopting advanced technologies such as artificial intelligence and the internet of things (IoT) to enable safe and robust storage options for goods. Besides, the facility storage owners can effectively integrate advanced systems such as conveyor and pallet racking to enable smooth handling of large materials. Therefore, the high adoption of advanced technologies is expected to bode well for the global industrial mezzanines market growth during the forecast period.


Major Companies Focus on Investment in R&D Activities to Brighten Their Market Prospects


The market comprises small, medium, and large companies that are striving to maintain a stronghold. The companies are investing in R&D activities to develop innovative industrial mezzanines to cater to the growing demand from several industrial applications. Moreover, other key players are adopting organic and inorganic growth strategies that are likely to bode well for market growth.


Industry Development:



  • December 2019 – Mecalux, S.A. announced the installation of a mezzanine floor in the Almenara mall shopping center in Canelones, Uruguay. The company reports that the structure is made up of five floors to raise the storage capacity.


List of the key Companies Operating in the Market:



  • Mecalux, S.A. (Barcelona, Spain)

  • Jungheinrich AG (Hamburg, Germany)

  • Schaefer Systems International, Inc. (Neunkirchen (DE), Germany)

  • MiTek Mezzanine Systems, Inc. (Cubic Design, Inc.) (Wisconsin, U.S)

  • stow International (Spiere-Helkijn, Belgium)

  • Stanley Black & Decker, Inc. (Stanley Vidmar) (Connecticut, U.S.)

  • Equipto (Pennsylvania, U.S.)

  • Steele Solutions Inc. (Wisconsin, U. S.)

  • Cornerstone Specialty Wood Products, LLC (Ohio, U.S.)

  • Gonvarri Material Handling (Madrid, Spain)

  • Konvex Storage Systems, S.L. (Golmés, Spain)


Further Report Findings:



  • Asia-Pacific stood at USD 2.79 billion in 2020 and is expected to hold the largest global industrial mezzanines market share during the forecast period. This is attributable to the presence of established e-commerce players in the region focusing on developing their warehousing and distribution centers in the region.

  • The market in North America is expected to gain traction backed by the proactive strategies adopted by the major companies, such as the expansion of facilities. They aim to increase the production of industrial type of mezzanines to cater to the growing demand from the construction sector.

  • Based on the application, the retail stores segment held a market share of about 9.9% in terms of revenue in the forthcoming years. Additionally, the segment is anticipated to showcase considerable growth backed by the high demand for industrial type of mezzanines in retail outlets to increase the back-of-storage area globally.


Table of Segmentation:


















































  ATTRIBUTE



  DETAILS



Study Period



  2017 – 2028



Base Year



  2020



Forecast Period



  2021 – 2028



Historical Period



  2017 – 2019



Unit



  Value (USD Billion)



Segmentation



  By Type, Number of Storey, Application and Region



By Type




  • Prefabricated Mezzanine

  • Structural Mezzanine

  • Free Standing Mezzanine

  • Perimeter Mezzanine



By Number of Storey




  • Single-level

  • Multi-level



By Application




  • Processing Plants

  • Industrial Facilities & Warehouses

  • Distribution Centers

  • Retails Stores

  • Office Buildings



By Region




  • North America (By Type, Number of Storey, Application, and Country)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Type, Number of Storey, Application, and Country)

    • Germany (By Application)

    • U.K. (By Application)

    • Spain (By Application)

    • Rest of Europe



  • Asia Pacific (By Type, Number of Storey, Application, and Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • Southeast Asia (By Application)

    • Rest of Asia Pacific



  • The Middle East and Africa (By Type, Number of Storey, Application, and Country)

    • South Africa (By Application)

    • GCC (By Application)

    • Rest of the Middle East and Africa



  • Latin America (By Type, Number of Storey, Application and Country)

    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America




Industrial Mezzanines Market
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