Temporary Storage Buildings Market to Witness Steady Expansion During 2022-2032
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.
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.
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. At the same time, they are the adaptable, long-lasting substitute. Furthermore, it is easily dismantled and repositioned between work sites to meet future needs.
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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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