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Mezzanine Floor Market Size - By Floor Type (Freestanding Mezzanine, Rack supported Mezzanine, Concrete Mezzanine), By Construction Area (Indoor, Exterior), By Application (Retail, 3PL, E-commerce, Manufacturing, F&B, Healthcare) & Forecast 2023 – 2032


Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery

Publisher : MIR | Format : PDF&Excel

Mezzanine Floor Market Size - By Floor Type (Freestanding Mezzanine, Rack supported Mezzanine, Concrete Mezzanine), By Construction Area (Indoor, Exterior), By Application (Retail, 3PL, E-commerce, Manufacturing, F&B, Healthcare) & Forecast 2023 – 2032

Mezzanine Floor Market Size

Mezzanine Floor Market size was valued at USD 7.4 billion in 2022 and is projected to grow at over 6% CAGR from 2023 to 2032, owing to the flourishing e-commerce and logistics sector. According to IBEF, the e-commerce industry in India could reach an estimated US$ 111 billion by 2024 and US$ 200 billion by 2026. This growth could be attributed to the rising digital literacy and the influx of investment in the sector.

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The expansion of e-commerce and the need for efficient logistics solutions have led to increased demand for storage and distribution facilities. Mezzanines play a crucial role in optimizing storage capacity, order fulfillment processes, and overall warehouse efficiency, making them a valuable asset for the e-commerce and logistics industries, thus contributing to their increased demand and popularity.
 

Mezzanine Floor Market Report Attributes
Report Attribute Details
Base Year 2022
Mezzanine Floor Market Size in 2022 USD 7.4 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6%
2032 Value Projection USD 13.3 Billion
Historical Data for 2018 to 2022
No. of Pages 350
Tables, Charts & Figures 275
Segments covered Floor Type, Construction, Application
Growth Drivers
  • The expanding e-commerce industry in North America
  • Development in the Europe manufacturing industry
  • High demand for rack-supported and free-standing mezzanines from logistics service providers in Asia Pacific
  • Expanding food & beverages industry globally
  • High demand for affordable ways to expand the existing facility footprint
  • Rising demand to improve the customer experience in Asia Pacific and South America
Pitfalls & Challenges
  • Indoor mezzanines take up significant ground space in small industries
  • The rapidly changing industrial environment

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Increasing demand for industrial spaces due to growth in manufacturing, warehousing, and distribution activities has been a significant driver for the mezzanines market. Mezzanines provide an efficient way to maximize available vertical space within existing facilities, allowing businesses to expand their operations without necessarily acquiring larger properties, resulting in increased product sales.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the mezzanine floor market. With lockdowns and disruptions to supply chains, many businesses reevaluated their operational strategies. The surge in e-commerce prompted the need for more efficient warehousing, increasing demand for mezzanine installations to optimize storage capacity. On the other hand, the economic uncertainty led some companies to delay or scale down expansion projects, affecting the demand for mezzanine solutions. These instances underscore how the pandemic both accelerated and constrained growth in the mezzanines market, reflecting broader shifts in the business landscape.

Mezzanine Floor Market Trends

With increasing emphasis on sustainability and environmental responsibility, the mezzanines market might see a trend toward more eco-friendly and sustainable designs. This could involve the use of recycled and renewable materials, energy-efficient lighting, and designs that optimize natural light and ventilation. Businesses looking to reduce their carbon footprint might prioritize mezzanine solutions that align with their sustainability goals.

As industries continue to adopt automation and smart technologies, mezzanines might be integrated with these advancements. Mezzanines could be designed to accommodate automated material handling systems, robotics, and IoT devices. This integration could lead to improved warehouse efficiency, faster order fulfillment, and real-time monitoring of operations.

Mezzanine Floor Market Analysis

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The passenger car segment of mezzanine floor market was reached USD 3.5 billion in 2022 and exhibit a growth rate of 4% from 2023 to 2032. Floor-standing mezzanines are experiencing heightened demand due to their flexibility and cost-effectiveness. Businesses are seeking innovative ways to optimize available space without the complexities of structural modifications. For instance, industries like manufacturing and logistics are using floor-standing mezzanines to create additional workspace or storage within their existing facilities, avoiding the need for extensive construction. This demand surge aligns with the evolving trend of efficient space utilization, where floor-standing mezzanines offer practical solutions that can adapt to varying operational requirements, all while minimizing disruptions and expenses.

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The E-commerce segment held around 24.01% of the mezzanine floor market share in 2022 and is anticipated to experience robust growth up to 2032. Mezzanines are witnessing heightened adoption in e-commerce due to their ability to address space challenges and enhance operational efficiency. With the booming demand for online shopping, warehouses require optimized layouts for order fulfillment. Mezzanines provide an effective way to maximize vertical space, allowing for increased storage capacity and streamlined picking processes. Amazon's deployment of mezzanines in their distribution centers exemplifies this trend, as they strategically implement these structures to accommodate the surge in inventory while maintaining swift and organized operations, making mezzanines an ideal solution for the evolving e-commerce landscape.

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Europe mezzanine floor market size surpassed 1.5 billion in 2022 and will grow at a CAGR of over 5% till 2032. The mezzanines industry is experiencing robust growth in Europe due to expanding industrial sectors and the drive for efficient space utilization. With limited available land, businesses are turning to vertical solutions like mezzanines to optimize existing facilities. Additionally, stringent environmental regulations are encouraging businesses to utilize mezzanines for expansion instead of constructing new buildings.

Car Detailing Service Market Share

Major companies operating in the mezzanine floor business include

  • Daifuku Co. Ltd.
  • Mezz Floors UK
  • MiTek Mezzanine Systems, Inc.
  • Mecalux S.A
  • STILL GmbH
  • Gonvarri Material Handling
  • Avanta UK
  • SSI Schaefer Group
  • Jungheinrich AG
  • Wildeck Inc
  • Abtech, Inc.
  • Davicon Mezzanine Floors
  • MezzaTech
  • Stanley Black & Decker, Inc
  • Stow International
     

This market research report on mezzanine floor includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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By Floor Type

 

  • Freestanding Mezzanine
  • Rack supported Mezzanine
  • Concrete Mezzanine

By Construction Area

  • Indoor
  • Outdoor/Exterior

By Application

  • Retail
  • 3PL
  • E-commerce
  • Manufacturing
  • F&B
  • Pharmaceutical/Healthcare
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Peru
  • MEA
    • GCC
    • South Africa

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )