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Industrial Mezzanines Market to Grow at 4.6% CAGR till 2026; Rising Warehousing Operations Worldwide to Augment Market Outlook

April 27, 2020 | Machinery & Equipment

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.


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


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


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.


Industry Development:



  • February 2020: The logistics and warehousing major, SSI Schaefer, announced that it will be extending its five-year-long partnership with BD Rowa, the German automated stocking solutions provider. Under the extended partnership, the two companies will provide comprehensive solutions for slow moving logistics processes to the healthcare sector.


List of Key Players Covered in this Market Report:



  • Konvex Storage Systems

  • Kepler Entreplantas Desmontables

  • Stanley Vidmar

  • Equipto

  • stow Group

  • Cornix    

  • Shanghai Maxrac Storage Equipment Engineering co., ltd.

  • Noordrek GmbH

  • IMVO

  • SSI Schaefer

  • Mecalux, S.A.

  • Jungheinrich AG


Further Report Findings:



  • The prefabricated mezzanines segment, segregated on the basis of type, held a market share of 19.9% in 2018 and is expected to exhibit a steady pace of growth as these mezzanines are highly demanded by companies looking for simple storage solutions that can be quickly set up.

  • Extensive application of industrial mezzanine floors in retail stores and processing facilities will aid the growth of the industrial facilities and warehouses segment, the industrial mezzanines market forecast states.

  • Asia-Pacific generated USD 2.60 billion in revenue in 2018 and is anticipated to dominate the market share. This will primarily result from the shifting of warehouses and distribution centers by e-commerce giants to countries such as India and Vietnam.


Table of Segmentation:











































 ATTRIBUTE



 DETAILS



Study Period



  2015 – 2026



Base Year



  2018



Forecast Period



  2019 – 2026



Historical Period



  2015 – 2017



Unit



  Value (USD billion)



Segmentation



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 (U.S. and Canada)

  • Europe (Germany, U.K., Spain, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Southeast Asia, and Rest of Asia- Pacific)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Industrial Mezzanines Market
  • PDF
  • 2018
  • 2015-2017
  • 140

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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