Press release
Industrial Mezzanines Market to Reach USD 10.14 billion by 2028; Mecalux, S.A., Jungheinrich AG, Schaefer Systems International, Inc, MiTek Mezzanine Systems, Inc, stow International, Stanley Black & Decker, Inc, Equipto,Cornerstone Specialty Wood Product
COVID-19 has resulted in several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies globally, several manufacturing facilities have been at a standstill with limited operational activities. However, a collective effort from the government and the industries to bring the economy back is expected to boost the market growth during the forecast period.
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Market Segmentation:
Based on type, the market is divided into prefabricated, structured, free-standing, and perimeter. On the basis of number of storey, the market is segmented into single-level, multi-level. Based on the application, the market is classified into processing plants, industrial facilities and warehouses, distribution centers, retail stores, and office buildings.
Based on the application, the retail store segment held a global industrial mezzanines market share of about 9.9% in 2020 and is likely to experience significant growth during the forecast period. This is owing to the increasing adoption of mezzanine floors across several retail stores and office buildings to improve space worldwide.
Lastly, based on the region, the market is classified into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
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What does the Report Provide?
The global market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.
DRIVING FACTORS
Rising E-commerce Industry to Augment Growth
The United Nations Conference on Trade and Development (UNCTAD) reported that Alibaba, a China-based e-commerce company, had a gross merchandise value (GMV) of USD 866.00 billion in 2018. Besides, in 2020, the prominent e-commerce company registered a GMV value of 6.59 trillion yuan. The exponential rise of e-commerce companies is expected to propel the demand for the product during the forecast period. These companies prefer maximum ceiling height for warehouses and large distribution centers, leading to a huge demand for mezzanines and their structural parts. Therefore, the rapidly growing e-commerce business globally is expected to contribute to the global industrial mezzanines market growth during the forecast period.
REGIONAL INSIGHTS
Asia-Pacific to Remain at Forefront; Increasing Demand from Retail Sector to Propel Growth
Among all the regions, Asia-Pacific is expected to hold the highest position in the market during the forecast period. This is ascribable to factors such as the growing demand for industrial mezzanines from the retail sector. Moreover, supportive government initiatives are providing the companies benefits to expand their business operations in countries such as India and China, leading to the rising number of warehouses in the region. Asia-Pacific stood at USD 2.79 billion in 2020.
The market in Europe is expected to showcase exponential growth during the forecast period. This is due to the presence of established companies such as Jungheinrich Ag, Schaefer Systems International, Inc., and Konvex Storage systems, S.L. that are highly focused on introducing advanced industrial mezzanine floors for their customers.
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COMPETITIVE LANDSCAPE
Prominent Companies Focus on Partnership to Brighten Their Market Prospects
The global market for industrial mezzanines is fragmented by the presence of major companies focusing on partnering with other companies to expand their product portfolio. Moreover, the adoption of strategies such as merger and acquisition, the introduction of new products, and facility expansion by other key players is expected to boost market growth in the forthcoming years.
Industry Development:
January 2019 – Jungheinrich AG announced the acquisition of ISI Automation GmbH & Co. KG. The acquisition is aimed at expanding its product portfolio involving ERP and shop floors.
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Table Of Content
Introduction
Definition, By Segment
Research Methodology/Approach
Data Sources
Executive Summary
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19 on Industrial Mezzanines Market
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Porter’s Five Forces Analysis
Global Industrial Mezzanines Market Share Analysis and Matrix, 2020
Key Market Insights
Profiles of Key Players (Would be provided for 10 players only)
6.1. Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Employee Size
Past and Current Revenue
Geographical Share
Business Segment Share
Recent Developments
List of Companies Profiled
Annexure / Appendix
Global Industrial Mezzanines Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
By Type (Value)
Prefabricated Mezzanine
Structural Mezzanine
Free Standing Mezzanine
Perimeter Mezzanine
By Number of Storey (Value)
Single - level
Multi - level
By Application (Value)
Processing Plants
Industrial Facilities & Warehouses
Distribution Centers
Retail Stores
Office Buildings
By Geography (Value)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
North America Industrial Mezzanines Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
By Type (Value)
Prefabricated Mezzanine
Structural Mezzanine
Free Standing Mezzanine
Perimeter Mezzanine
By Number of Storey (Value)
Single - level
Multi - level
By Application (Value)
Processing Plants
Industrial Facilities & Warehouses
Distribution Centers
Retail Stores
Office Buildings
By Country (Value)
United States
By Application
Processing Plants
Industrial Facilities & Warehouses
Distribution Centers
Retail Stores
Office Buildings
TOC Continued…!
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