Mobile modular storage solution is an effective method for handling the critical information, storing records, and inventories in manufacturing industries within a small area. This method is used in data warehouses, manufacturing areas, and construction sites. It helps in providing large area for working in the manufacturing industries. Further, mobile modular storage solutions are used in storing high volume of data that can be accessed by the user easily. It provides safety and security to all the information that is stored in the warehouses and other commercial areas.
COVID-19 Scenario Analysis
- The demand for the mobile modular storage solution is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from construction industries.
- COVID-19 pandemic has shut down the production of various products in the mobile modular storage solution industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the mobile modular storage solution market significantly from last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Top Impacting Factors: Market Scenario Analysis, Trends , Drivers, and Impact Analysis
Growing number of industrial activities and the infrastructural projects in emerging nations such as India, China, and Indonesia drives the market of mobile modular storage solution market. Mobile modular storage solution also has portable feature. Thus , this offers safe storage of portable offices or containers in the buildings or in sites. Increasing warehouses by manufacturers and wholesalers are growing the demand for mobile modular storage solution market as most of essential inventories have to be stored in a less area. Asia-Pacific is the emerging region and most of construction activities are ongoing and for storing inventories like rods and cements, some space is required which is covered and secured. Therefore, mobile modular storage solution is required in these sites which drives the mobile modular storage solution market. North America having largest market share in the mobile modular storage solution as there is significant growth in infrastructural projects, which acts as a driver for mobile modular storage solutions. Middle East and Africa are developing their infrastructure, which, in turn, would provide a huge growth in mobile modular storage solution market. However, the high initial investments can hamper the growth of mobile modular storage solution market. Contrarily, requirement for mobile modular storage solutions in manufacturing industries, educational institutes, and others is providing new pathways for the modular mobile storage solution market.
The global mobile modular storage solution market trends are:
New product launches to flourish the market
The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many such products having unique features were launched in the market. In January 2020, Eaton and Enico, an Irish leader of mobile modular storage solutions market, launched 2MWh xStorage Container that are made for industrial power projects. This solution offers 2MWh of storage capacity, and is equipped with high performance battery for power backup. This containers are not too bulky and are 6m long. These containers are easily deployable and minimizes the internal footprint of the buildings. These new generation solutions are compatible and offer cost and energy saving benefits.
Growing demand from industrial applications
Presently, manufacturers are producing new products on the basis of interests of the customers. Growing demand for the mobile modular storage solution in the construction industry is increasing as in construction sites, the offices cannot be built permanently. It would be temporary containers for storing important information and files. Thus, the storage containers act as an application of mobile module storage solution. In the field of education, portable classrooms and modular school buildings are made, which also acts as an application for mobile module storage solutions. Thus, with growing demand for these products, mobile modular storage solution market would definitely pace up in near future.
Key Benefits of the Report
- This study presents the analytical depiction of the mobile modular storage solution Market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the mobile modular storage solution market share.
- The current market is quantitatively analyzed to highlight the mobile modular storage solution market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Mobile Modular Storage Solutions Market Report Highlights
| Aspects | Details |
 By Service |
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 By Application |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | 360Connect, LP., Montel Inc., Spacesaver Corporation, McGrath RentCorp., Templestock Limited, Eaton and Enico, WillScot, DEWALT, Nadler Modular, TAB, StoragePug, Abel Womack, Mobile Mini Inc. |
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