Industrial mezzanines are simple artificial floors built inside building infrastructure to expand existing working space. Industrial mezzanines serve as a vital tool in the effective utilization of unused vertical space available in manufacturing units. These mezzanines are extensively used to create a workspace for machinery, buffers, and storage, temporary or permanent cabins, and walkthroughs for easy access. Industrial mezzanines offer several advantages in addition to space utilization, including flexibility and cost-effectiveness, and are very effective for leased spaces where additional solid construction is usually prohibited. All the aforementioned factors make industrial mezzanines a must-have solution for industries across different verticals.
Market Synopsis
In terms of market value, the 'Free Standing Structure' stands tall in 2017.
According to structure type, industrial mezzanines are divided into four categories: free-standing, building-supported, shelving-supported, and rack-supported. In 2017, free-standing industrial mezzanines dominated the overall segment in terms of demand and market value. Free-standing mezzanines are easy to assemble and disassemble and offer unmatched flexibility as they are not dependent on any fixed structure. These mezzanines are preferred over other options because they provide modular and hassle-free building customization. In 2017, shelving- and rack-supported industrial mezzanines trailed free-standing mezzanines. Such mezzanines are used to store materials and are preferred by warehouses and supply chain industries. Building-supported mezzanines contributed the least to the overall market value in 2017. With limited new structure erections, building-supported mezzanines are projected to make nominal growth in the coming years.
Single-Storey Mezzanines are expected to maintain their height in terms of market value throughout the forecast period from 2018 to 2026.
Single-story mezzanines led the industrial mezzanines market in 2017 and are anticipated to dominate the segment throughout the forecast period from 2018 to 2026. Single-story mezzanines are quite popular with small, medium, as well as large industrial enclosures, as these mezzanines are economical, easy to install, and completely flexible to be accommodated into any available space. Multi-story mezzanines provide a variety of options, ranging from two-story mezzanines to the limit of the industrial infrastructure's selling. Higher mezzanines are generally used for monitoring and inspection of tall equipment and machinery. The slow adoption rate is expected to have an impact on the growth of multi-story industrial mezzanines from 2018 to 2026.
Positive growth in manufacturing industries in Asia-Pacific supports the demand for industrial mezzanines.
Following the 2011 recession, the Asia Pacific industrial manufacturing and processing sector steadily recovered, regenerating growth opportunities for existing and new industries. Rising disposable income and consumers' confidence encouraged the growth of industries in industrial nations, including China, India, and South Korea, among others. This turned out to be a boon for associated industries such as the infrastructure industry, logistics and supply chain, and industrial mezzanine industry. Consequently, Asia Pacific led the global industrial mezzanine market in 2017. Well-established industries in Europe contributed to the region's second-place ranking in overall industrial mezzanines, which was expected to hold throughout the forecast period from 2018 to 2026. North America and the rest of the world are projected to follow the Asia Pacific and Europe, respectively, in the coming years.
Market Segmentation
The unorganized market provides excellent opportunities for businesses to establish their presence.
The industrial mezzanine market is quite fragmented and highly competitive, with several local companies contributing to the overall market value. All these companies have a limited geographical presence and operate on a contractual basis. No major players have claimed dominance in this unorganized market. Consequently, the market proposes tremendous opportunities for major brands across the globe dealing in industrial infrastructure and material and space management to make their foothold in this segment strong.
The companies can enter the market by incorporating strategies such as acquisitions, partnerships, and mergers with local companies to make the most of their efforts. Some of the leading industrial mezzanine vendors profiled in the research study include The Schaefer Group, CORNIX Group AG, Dexion (Gonvarri Material Handling), Mecalux, S.A., EQUIPO (Consolidated Storage Companies, Inc.), MECA Storage Systems, Wildeck, Inc., Stanley Vidmar (Stanley Black & Decker, Inc.), Cogan Wire and Metal Products Ltd., PortaFab Corporation, Kimer Estanterias, and Jungheinrich.
Frequently Asked Question:
The market for Industrial Mezzanines Market is expected to reach USD$ XX Mn in 2026.
The Industrial Mezzanines Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
Schaefer Group, CORNIX Group AG, Dexion (Gonvarri Material Handling), Mecalux, S.A., EQUIPO (Consolidated Storage Companies, Inc.), MECA Storage Systems, Wildeck, Inc., Stanley Vidmar (Stanley Black & Decker, Inc. are some of the major players in the global market.
