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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.
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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.
List of the key Companies Operating in the Market:
Further Report Findings:
Table of Segmentation:
2017 – 2028
2021 – 2028
2017 – 2019
Value (USD Billion)
By Type, Number of Storey, Application and Region
By Number of Storey