The global temporary storage buildings market is estimated to be around US$ 1536.9 Mn in 2022, sales of temporary storage buildings are estimated to grow at 6.3% CAGR from 2022 to 2032 and reach US$ 2831.3 Mn by 2032. The Asia Pacific is predicted to portray considerable growth during the forecast period due to initiatives from governments in countries like China and India to encourage manufacturing. This factor will contribute to the lucrative growth of the market.
Growing industrialization around the globe is resulting in need for storage space to store tools, equipment, and raw materials at one given space. This will surge the demand for temporary storage buildings in the future.
Additionally it can be conveniently dismantled and relocated between worksites and versatile to meet future requirement. Temporary storage buildings are quick and easy arrangement which can be made for storage based applications. These buildings are easy to setup as they do not require concrete foundation and brick walls. In short, it is contemporary, cost effective as well as flexible long lasting alternative to permanent solution.
However, Asia Pacific is expected to show significant growth in the forecast period owing to government initiatives in the countries such as India and China to promote manufacturing, will also contribute towards the growth of this market. Rest of the world is estimated to account for a relatively small share of the temporary storage buildings market.
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Europe holds a major share in the global temporary storage buildings market. It is followed by North America and Asia Pacific. Europe is projected to be major consumers owing to the extensive applications of temporary storage buildings in the manufacturing Industry.
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Some of the examples of the market participants operating across the value chain of the global Temporary Storage Buildings market are:
- RÖDER HTS HÖCKER GmbH
- Shelter Tent Manufacturing Co., Ltd
- Portable Venues (Group) Ltd
- Big Top Manufacturing
- MAHAFFEY FABRIC STRUCTURES
- Losberger US LLC, USA
- Kopron Spa
- MegaDome Buildings
- Milestones Building & Design
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