North America Is Said To Gather A 25.8% Market Share In Global Temporary Storage Buildings Market | Says FMI
The global temporary storage buildings market is expected to be worth around US$ 1536.9 million in 2022, with sales expected to grow at a 6.3% CAGR from 2022 to 2032, reaching US$ 2831.3 million by 2032. Global industrialization is increasing the demand for storage space to house tools, equipment, and raw materials in one location. This will increase future demand for temporary storage buildings.
North America is said to gather a 25.8% market share in the global temporary storage buildings market. Extensive applications of a temporary storage building in the manufacturing industry. In North America, a key country like the United States has been experiencing considerable growth in the manufacturing units, pharma units, retail sector, etc.
Temporary storage buildings are quick and simple arrangements that are commonly used for storage-related applications. These storage areas are simple to construct because they do not require a concrete foundation or brick walls. Overall, these storage buildings are both cost-effective and modern.
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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)
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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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