Mezzanine Floor Market to value $10 Bn by 2030

Mezzanine Floor Market size is predicted to surpass USD 10 billion by 2030, according to a new report published by Global Market Insights Inc.
 

The supply chain & logistics sector is expanding every year with a robust rise in the percentage of people using online shopping platforms. It has fueled the establishment of new warehouse infrastructure worldwide. The popularity of social media as also surged the number ecommerce companies and users in regions such as Asia Pacific and North America. For example, India is expected to have around 228 million online social commerce shoppers by 2022.
 

While leasing an additional floor can help companies overcome warehouse space challenges, it can become an expensive project for them. Moreover, constructing additional concrete slabs or wall structures is expensive in the urban areas. Building a concrete-based fixed additional floor is difficult in case of leased spaces because there are restrictions on building expansion and modification. These problems have amplified the adoption of free-standing mezzanines that utilize the overhead warehouse space without creating operational disruptions.
 

Get more details on this report - Request Free Sample PDF
 

The new study estimates that the rack supported mezzanine floor market revenue was worth USD 2 billion in 2021. Automated Guided Vehicles (AGVs) are being used on a large scale across warehouses and manufacturing facilities to increase the efficiency of supply chain activities. Companies are focusing on using AGVs as they help the administration increase efficiency in item picking and shelving. Since owners are looking for cost-effective ways to utilize the wasted spaces of their warehouses, rack-supported mezzanines are very useful in such cases.
 

Based on construction, the outdoor/exterior segment accounted for around 20% of the mezzanine floor market share in 2021. The demand for creating additional office space for the employees working in an industrial facility is increasing. A mezzanine structure can be designed while keeping different sections in mind, such as reception, meeting area, server room, and breakout space, thereby meeting the unique needs of industrial customers.
 

Browse key industry insights spread across 350 pages with 239 market data tables and 26 figures & charts from the report “Mezzanine Floor Market Size By Floor Type (Free Standing, Rack Supported), By Construction (Indoor, Outdoor/Exterior), By Application (Retail, 3PL, E-Commerce, Manufacturing, Food & Beverage, Pharmaceutical/Healthcare), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents
https://www.gminsights.com/industry-analysis/mezzanine-floor-market
 

The report states that the e-commerce application captured more than 20% market share of the mezzanine floor in 2021. Online shopping is growing at a commendable pace due to the large-scale digitization experienced in several industry verticals. Food & beverages, textiles, consumer goods, electronics and appliances are available to a wider range of buyers through online channels. It has encouraged distribution and logistics companies to advance their infrastructure, creating multiple business opportunities for mezzanine manufacturers.
 

Asia Pacific mezzanine floor market held nearly 30% revenue share 2021. The region is becoming one of the leading hubs for e-commerce platforms that sell electronics products as well as healthcare and consumer goods. Supportive government initiatives and long-term investments received by e-commerce companies have consolidated the region’s competitive edge. Countries such as China and Australia have developed strategies to help grow the regional digital economies, which will influence the expansion of supply chain facilities.
 

The report names some of the major companies in the mezzanine floor market, including Daifuku Co., Ltd., Jungheinrich AG, MiTek Mezzanine Systems Inc., SSI Schaefer Group, and Stanley Black & Decker Inc., Mecalux S.A, MezzaTech, stow International, and STILL GmbH. The companies are expanding their market presence through strategic partnerships, mergers, and acquisitions.