The mezzanine floor market is set to witness significant growth through 2030 owing to rapid expansion of the e-commerce sector and online shopping platforms. In addition, increasing presence of manufacturing plants and warehouses is slated to further support industry expansion over the forecast period.

Supportive government initiatives to promote the construction of warehouses and housing projects, particularly in developed countries, have proven beneficial for key players in the mezzanine floor industry. For instance, in August 2022, the members of the Jackson Planning Board agreed to grant approval for the construction of a warehouse on Herman Road. The warehouse space was planned to be on the ground floor, wherein the office space was to be on the mezzanine level.

In a similar instance, in August 2022, the Bayonne Planning Board approved a supportive and senior housing project on Oak Street. In this building, the second floor was designed to act as the mezzanine level with a huge community room and public bathrooms to be shared by all the residents.

The mezzanine floor market has been bifurcated in terms of construction, floor type, application, and region.

On the basis of application, the market has been divided into 3PL, manufacturing, pharmaceutical/healthcare, food & beverage, e-commerce, retail, and others. The 3PL segment is anticipated to reach a valuation of more than $1.5 billion by 2030. The food & beverage segment held a market share of above 8% in 2021 and is expected to witness sturdy progress in the forthcoming years as food & beverage industry players use mezzanine floors for a broad range of applications like storing packed items.

In addition, the pharmaceutical/healthcare segment is projected to grow at a rate of about 8% CAGR through the review timespan. The others segment is speculated to surpass $0.35 billion in revenue by 2030 owing to an upsurge in the construction of mezzanine floors across the entertainment sector.

Based on floor type, the mezzanine floor market has been segmented into rack supported mezzanine, freestanding mezzanine, and concrete mezzanine. The concrete mezzanine segment is primed to register a solid CAGR through 2030 owing to its features like damp resistance, low maintenance cost, and less construction time.

On the regional front, the North America mezzanine floor industry was valued at about $1.5 billion in 2021 and is set to observe robust expansion over 2022-2030 due to increasing government expenditure in the food & beverage industry. Meanwhile, the Latin America mezzanine floor market is poised to exceed a valuation of $1 billion by the end of the analysis timespan driven by surging construction of warehouses and distribution centers.