Global Retail Shelving Market Size By Application (Department Stores, Hypermarket & Supermarket), By Material (Aluminum, Steel, Wood), By Geography Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Retail Shelving Market Size By Application (Department Stores, Hypermarket & Supermarket), By Material (Aluminum, Steel, Wood), By Geography Scope And Forecast

Retail Shelving Market Size And Forecast

Retail Shelving Market size is valued at USD 2,643.22 Million in 2024 and it is expected to reach USD 5,170.83 Million by 2031, growing at a CAGR of 8.89% during the forecast period of 2024 to 2031.

Demand for Retail Shelving solutions to improve store layout and product display is generated by the growing retail sector, which is fueled by rising consumer expenditure and urbanization. The Global Retail Shelving Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Retail Shelving Market Definition

The production, distribution, and retailing of shelving systems and related fixtures especially created for use in retail settings is referred to as the “Retail Shelving Market.” Merchandise is displayed and organized using Retail Shelving systems in a variety of retail contexts, including grocery stores, department stores, convenience stores, specialized shops, and more. These shelf options are created to maximize space usage, improve product exposure, and enhance the customer shopping experience. To fit various product categories, store layouts, and branding requirements, they are available in a broad variety of sizes, materials, and configurations.

The manufacturing and delivery of many shelving types, including gondola shelving, wall shelving, end-cap shelving, corner shelving, display racks, slat wall systems, and other fixtures and accessories, are all included in the Retail Shelving Market. To accommodate the particular requirements and preferences of shops, these systems are often modular, movable, and adaptable. The market is impacted by things like the expansion of the retail sector, the need for efficient space management, the requirement for effective visual merchandising, and the desire to design aesthetically pleasing and engaging store environments.

Retailers need shelves, right? So, the folks who make and supply those shelves are busy creating stuff that’s strong, useful, and looks good – a nice blend, wouldn't you say? What's driving this whole Retail Shelving Market thing? Well, the retail world keeps expanding, stores are trying out cool new designs, and everyone’s focused on making shopping more appealing and showing off products better. Plus, with e-commerce booming, stores are working hard to make their physical spaces awesome so they can work alongside their online shops, giving you that smooth, omnichannel experience. Basically, the Retail Shelving Market is super important because it gives retailers the tools they need for efficient stores, organized stock, and a shopping trip that customers actually enjoy.

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Global Retail Shelving Market Overview

Demand for Retail Shelving solutions to improve store layout and product display is generated by the growing retail sector, which is fueled by rising consumer expenditure and urbanization. To draw customers and enhance the shopping experience, retailers frequently refurbish old stores or expand their network of locations. The necessity for new shelving systems or the replacement of outmoded ones results from this. Efficient storage and order fulfillment solutions are required as a result of the growth of e-commerce and Omni channel retailing. There is a high need for shelving systems made for e-commerce activities like pick-and-pack and click-and-collect.

To draw customers and boost sales, retailers concentrate on creating aesthetically appealing store designs and product displays. To successfully present products, shelving solutions that provide flexibility, modularity, and customization possibilities are desired. Systems for retail shelves can be expensive, especially when installed on a large scale. For smaller stores or those with tighter budgets, the initial expenditure needed for shelving solutions might be a barrier. Space issues are a common problem for retailers, especially in urban areas or malls. It may be difficult to install and customize shelves due to existing store layouts.

With people caring more about the planet, retailers are really focusing on running their businesses in a sustainable way. They're searching for shelving that's made from eco-friendly stuff, creates less waste, and doesn't add as much to climate change. Thanks to cool tech like RFID and the IoT, you can now get smart shelving systems. We're talking data that helps you manage your store better, restocking itself, and knowing exactly what's in stock, right now! More and more, stores want shelves that are modular and easy to move around, so they can change things up based on what they're selling and how the store is laid out. Companies that offer adjustable and multi-purpose shelf options? They're ahead of the game. And with new kinds of stores popping up – think pop-up shops, concept stores, and places that offer an "experience" – there's a big opportunity for innovative shelving systems. These shops often need unique and attention-grabbing shelf designs to create a shopping experience that really pulls you in.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Retail Shelving Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Retail Shelving Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Retail Shelving Market Segmentation Analysis

The Global Retail Shelving Market is Segmented on the Basis of Application, Material, And Geography.

Retail Shelving Market, By Application

  • Department Stores
  • Hypermarket & Supermarket
  • Pharmacy
  • Electronics & Appliances
  • Others

When we look at where retail shelving is used, we see a few main categoriesDepartment Stores, Hypermarkets & Supermarkets, Pharmacies, Electronics & Appliances, and, well, Others. We're expecting department stores to really lead the way in the coming years. Why? People are spending more at department stores, and they like the idea of well-organized shopping. Grocery stores will be right behind the supermarkets and hypermarkets when it comes to how much money they bring in. These are growing because we're all spending more on food and, increasingly, buying it online. Pharmacies should be number three in terms of revenue, followed by those "Other" places like little shops and home improvement stores.

Retail Shelving Market, By Material

  • Aluminum
  • Steel
  • Wood
  • Plastic
  • Others

Based on Material, the market is segmented into Aluminum, Steel, Wood, Plastic, and Others. In the global Retail Shelving Market, wood held the biggest market share. Among their various features, wooden display fixtures usually have adjustable shelves, hooks, or rails. They are popular in retail locations since they are affordable and simple to install.

Retail Shelving Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

When we look at the global Retail Shelving Market by region, we can break it down intoEurope, North America, Asia Pacific, the Middle East and Africa, and Latin America. Right now, Asia Pacific is leading the pack with the biggest market share. Think about ite-commerce is booming in places like China and India, so the need for retail shelving is really taking off. Plus, big players like Ikea Group and Amazon.com, Inc. are investing more, which should help the market grow even more. Europe is expected to be the second largest regional market, just behind North America, where e-commerce is also still growing strong in countries like the United States and Canada. On the other hand, Latin America is predicted to be the smallest regional market, with Asia Pacific following behind.

Key Players

The “Global Retail Shelving Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Lozier Corporation, Tegometall, Madix, Inc., Storflex, Storopack Hans Reichenecker GmbH, Storwell Systems Ltd., CAEM S.p.A., SSI Schaefer Systems International, Trion Industries, Inc., Cefla Shopfitting, ARNEG S.p.A., Metalia, Hamilton Sorter, Kesseböhmer Retail Merchandising GmbH, TENTE International GmbH, and others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Lozier Corporation, Tegometall, Madix, Inc., Storflex, Storopack Hans Reichenecker GmbH, Storwell Systems Ltd., CAEM S.p.A., SSI Schaefer Systems International, Trion Industries, Inc., Cefla Shopfitting, ARNEG S.p.A., Metalia, Hamilton Sorter, Kesseböhmer Retail Merchandising GmbH, TENTE International GmbH, and others.

SEGMENTS COVERED
  • By Application
  • By Material
  • By Geography
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