Selbyville, Delaware, Aug. 09, 2022 (GLOBE NEWSWIRE) —
Mezzanine floor market is anticipated to cross USD 10 billion by 2030, according to latest market research study by Global Market Insights Inc. The retail and e-commerce sectors are expanding at a healthy rate with the rising demand for online shopping platforms, especially during the COVID-19 pandemic lockdowns.
For instance, ecommerce company Shopify has more than 1 million online businesses operating through its platform, including footwear, textile, beverage, electronics and consumer goods companies worldwide. Continuous growth in online shopping will drive the construction of logistics and distribution centers, fueling industry demand.
The manufacturing sector has also witnessed a robust growth in recent years. Europe, for example, has a strong manufacturing industry, where companies have adopted advanced solutions to maximize their productivity. This factor is expected to propel the free-standing mezzanine floor market expansion. Rapid development of the pharmaceutical sector has encouraged companies to advance their existing infrastructure set-up, such as manufacturing plants and warehouses.
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According to the report, global concrete mezzanine floor market share is anticipated to record more than 7% CAGR between 2022 and 2030. The floors are suitable for military and industrial applications due to benefits…
