Wire mesh decking market Size, Share, Growth, and Industry Analysis, By Type (Flared Channel Decking and U-Channel Decking), By Application Warehouses, Distribution Centers, Manufacturing Plants and Others) and Regional Forecast to 2031

Updated On: 29 April 2024

WIRE MESH DECKING MARKET REPORT OVERVIEW

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The global wire mesh decking market size expanded rapidly in 2023 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

The Wire Mesh Decking Market is a global market that deals with the production, distribution, and consumption of products. The products are metal mesh panels that are attached to pallet racking systems to provide a stable and secure platform for storing and handling goods and materials. The products are widely used in various end-user segments such as warehouses, distribution centers, manufacturing plants, and others that require safe and efficient storage solutions.

The market is expected to grow at a significant rate in the coming years, owing to various factors such as the increasing demand for safe and efficient storage solutions in various end-user segments; the rising adoption of automation and digitalization in storage and logistics operations; the growing popularity of customized and modular products; the increasing e-commerce and online shopping activities; the rapid industrialization and urbanization in emerging regions.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The COVID-19 pandemic has had a significant impact on the wire mesh decking market share, affecting both the supply and demand sides of the industry. The lockdown measures imposed by various governments to contain the spread of the virus have disrupted the production, distribution, and installation of the products, resulting in reduced revenues and profits for the manufacturers and suppliers. Moreover, the pandemic has also affected the end-user segments of the market, such as warehouses, distribution centers, manufacturing plants, and others, as they have faced reduced demand for their goods and services, lower inventory levels, and operational challenges due to social distancing and safety protocols. As a result, the demand for the products has declined significantly in 2020 and 2021, as compared to the pre-pandemic levels.

LATEST TRENDS

"Growing Popularity of Customized and Modular Products to Drive Market Growth"

One of the recent trends observed in the global market is the growing popularity of customized and modular products that can cater to the specific needs and requirements of different end-user segments. The customized and modular products are designed and manufactured according to the dimensions, load capacity, configuration, and aesthetics of the customer’s storage space and pallet racking system. They can also be easily installed, adjusted, relocated, or replaced as per the changing needs and demands of the customer. The customized and modular products offer several benefits to the end-users, such as enhanced efficiency, flexibility, scalability, adaptability, and cost-effectiveness of their storage and logistics operations.

WIRE MESH DECKING MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Flared Channel Decking and U-Channel Decking.

Flared Channel Decking is a type of wire mesh decking product that has flared edges that fit over the beams of the pallet racking system. Flared Channel Decking is easy to install and remove, and can accommodate different beam sizes and shapes. U-Channel Decking is a type of wire mesh decking product that has U-shaped channels that rest on the beams of the pallet racking system. U-Channel Decking is more stable and secure, and can provide more load capacity and support.

• By Application

Based on application the global market can be categorized into Warehouses, Distribution Centers, Manufacturing Plants and Others.

Wire mesh decking products are used in warehouses to provide a stable and secure platform for storing and handling goods and materials. Distribution Centers are facilities that receive, sort, and distribute goods and materials to various destinations. The products are used in distribution centers to facilitate the loading and unloading, transportation, and identification of goods and materials. Manufacturing Plants are facilities that produce goods and materials from raw materials or intermediate products. The products are used in manufacturing plants to store and manage the inventory of raw materials, intermediate products, finished products, spare parts, etc.

DRIVING FACTORS

"Increasing Demand for Safe and Efficient Storage Solutions to Boost the Market"

The end-user segments of the market include warehouses, distribution centers, manufacturing plants, and others that require safe and efficient storage solutions for their goods and materials. The products offer several advantages over conventional pallet racking systems in terms of safety and efficiency. For instance, they prevent pallets from falling through or collapsing due to overloading or damage; they allow better ventilation, visibility, and fire safety for stored goods; they reduce dust accumulation and pest infestation; they facilitate easy access and identification of stored goods; they enable faster loading and unloading operations; they reduce labor costs and human errors.

"Rising Adoption of Automation and Digitalization in Storage and Logistics Operations to Expand the Market"

Another driving factor that boosts the growth of the market is the rising adoption of automation and digitalization in storage and logistics operations by various end-user segments. The automation and digitalization technologies include robotic systems, artificial intelligence (AI), machine learning (ML), internet of things (IoT), cloud computing, big data analytics, etc., that enhance the performance, productivity, quality, and reliability of storage and logistics operations. The products are compatible and complementary with these technologies, as they facilitate the integration, communication, and coordination of various devices, systems, and processes involved in storage and logistics operations. For example, they enable the use of barcode scanners, RFID tags, sensors, cameras, etc., to monitor and track the inventory levels, location, status, and movement of stored goods; they allow the use of automated guided vehicles (AGVs), drones, conveyors, etc., to transport and handle stored goods; they support the use of software applications, platforms, and dashboards to manage and optimize the storage and logistics operations.

RESTRAINING FACTOR

"High Initial Investment and Maintenance Costs to Potentially Impede Market Growth"

The products are generally more expensive than conventional pallet racking systems in terms of initial investment and maintenance costs. The initial investment costs include the costs of design, production, installation, and customization of the products, which depend on various factors such as the size, shape, load capacity, configuration, and quality of the products.

WIRE MESH DECKING MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market due to Increasing E-Commerce and Online Shopping Activities "

Asia Pacific is expected to be the highest wire mesh decking market growth. Asia Pacific is one of the fastest-growing regions in terms of industrialization and urbanization, which create a huge demand for storage and logistics solutions in various end-user segments such as warehouses, distribution centers, manufacturing plants, and others. The wire mesh decking products are widely used in these end-user segments to store and handle a variety of goods and materials such as raw materials, finished products, intermediate products, spare parts.  Asia Pacific is also one of the largest and fastest-growing regions in terms of e-commerce and online shopping activities, which require efficient and reliable storage and logistics solutions to deliver goods and services to customers.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Wire mesh decking market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Nashville Wire Products (U.S.)
• Aceally (Xiamen) Technology Co., Ltd. (China)
• ITC Manufacturing, Inc. (U.S.)
• J&L Wire Cloth LLC (U.S.)
• Etalex (Canada)
• Nanjing Zhongzhi Metal Silk Screen Manufacturing Co., Ltd. (China)
• Hebei Minmetals Co., Ltd. (China)
• Worldwide Material Handling (U.S.)
• Dalian Huameilong Metal Products Co., Ltd. (China)
• Nene Warehouse Solutions Ltd. (U.K.)
• Kingmore Storage Equipment Manufacturing Co., Ltd. (China)
• GLOBAL Storage Equipment Manufacturer Limited. (China)
• Nanjing A-Plus Metal Products Co., Ltd. (China)
• QTS Ltd. (U.K.)
• Nanjing Di Ao Storage Equipment Manufacturing Co., Ltd. (China)

INDUSTRIAL DEVELOPMENT

• September 2023:  One of the latest industrial developments in the Wire Mesh Decking market is the launch of a new product called WireDeck by Dexmet Corporation, a leading manufacturer of expanded metal products1. WireDeck is a wire mesh decking product that uses a patented microgrid technology to create a lightweight, strong, and durable metal mesh panel that can be used for various storage and logistics applications

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.