Impact of COVID-19 on Industrial Mezzanines Market

An industrial mezzanine is a metallic or concrete-based elevated structure installed within a building that is mounted between the floor and the ceiling. Industrial mezzanine are found to be an ideal solution to enhance space utilization, increase efficiency, and maintain overall safety of employees.
Major players across the globe are introducing industrial mezzanines with smart design and unique materials that are easy to dismantle and move with relative ease. This helps users achieve better operational efficiency and prompts users to invest in industrial mezzanines.

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Growing Industrial Sector across the Globe

Industrial mezzanines enhance storage space with minimal cost, time, and disruption; thus, it helps to carry out a more organized and efficient business process in an industrial space. Increasing industrial and distribution facilities across the globe is likely to drive the growth of the industrial mezzanines market in the coming years. In addition, end-users opting for cost-effective operational practices in order to gain better productivity, improve storage facility, and for maximum utilization of space is ultimately promoting growth of the global industrial mezzanines market.

Stringent Laws and Regulation for Building Permits: A Key Restraint

Implementation of stringent laws and regulations by government bodies for minimal enhancement of storage capacity or limitation on building permits is likely to hamper the growth of the industrial mezzanines market. Increasing challenges in maintaining uniform air flow and temperature in the mezzanine floor or elevated environments is likely to restraint the growth of the industrial mezzanines market. In addition, currently, continuous growth in the cost of raw materials that are required for manufacturing industrial mezzanines owing to impact of the COVID-19 lockdown is likely to have a negative impact on the pricing of industrial mezzanines.

Asia Pacific a Potential Market for Industrial Mezzanines

The global industrial mezzanines market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)

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North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the industrial mezzanines market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The industrial mezzanines market in South America has been segmented into Brazil and Rest of South America.
Asia Pacific is expected to remain a potential market for industrial mezzanines during the forecast period, owing to a rapidly rising industrial sector across the region.

Key Players Operating in the Global Industrial Mezzanines Market

The global industrial mezzanines market is consolidated in nature, due to presence of a large number of global players. A few of the key players operating in the global industrial mezzanines market are: