openPR Logo
Press release

Retail Shelving System Market Estimates the market to expand at 8.8% CAGR from 2021 to 2031

Retail Shelving System Market

Retail Shelving System Market

Global retail shelving system sales are set to be valued at over US$ 2 Bn in 2021, with steady long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at 8.8% CAGR from 2021 to 2031.

There is constant demand from the retail sector for retail shelving systems in terms of volume. The fact that there is a retail shelving design suitable for almost any application involving clothing, pharmacies, FMCG, electronics, etc., bodes well for the overall growth of the market.

CLICK HERE TO GET A SAMPLE REPORT (INCLUDING FULL TOC, TABLE & FIGURES) - https://www.persistencemarketresearch.com/samples/32710

There are continuous developments in the market by manufacturers that keep moving it forward, such as:

In Feb., 2021, Madix Inc. acquired Texas assets of Panel Processing, Inc., which is a partner to the company since a long time.

In February 2020, the Gondela Corp. took part in EUROSHOP, which is proven to be the most important platform for world retail in terms of trends, inspiration, and networking.

In October 2019, Artitalia Group opened a new warehousing facility in Ontario, California, to further complement its sophisticated supply chain.

Other happenings in the market include:

Significant opportunities by FDI in India & GCC
Increase in modern retail and supermarkets & hypermarkets
Usage of augmented reality in retail shelving systems
Demand for retail shelving systems decreased in 2020 due to the COVID-19 pandemic, as sales networks at the consumer end switched primarily from offline to online. Not just 2020, but 2021 is ought to be affected by numerous factors such as socio-political changes happening worldwide. However, with a stimulus in many countries, the market's long-term outlook looks very much optimistic.

GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED ASK AN EXPERT - https://www.persistencemarketresearch.com/ask-an-expert/32710

Key Takeaways from Market Study

Persistence Market Research predicts a healthy retail sector growth rate in economies such as Brazil, India, the Middle East, and Africa, thereby driving demand for retail shelving systems.

With recent economic growth, per capita disposable income of consumers has increased, as a result of which consumers are able to spend more money on high-quality food products at retail outlets. This will profit the retail shelving system market over the coming years.

Supermarkets & class A convenience stores to hold 2/5 of the market share.
Light duty shelves are projected to hold over seven-tenth of the overall market share by 2031-end.

The global market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -1.3%.

The market in GCC countries is projected to expand at a CAGR around 9%, while that in ASEAN at close to 10%, through 2031.

The market in India and Germany is set to surge at 9% CAGR over the next ten years.

GAIN COMPLETE ACCESS TO THE REPORT - https://www.persistencemarketresearch.com/checkout/32710

"With continued investments and expansions in the retail sector post Q1 2021, deployment of retail shelving systems is expected to increase at a profound rate," says a Persistence Market Research analyst.

Competitive Landscape

The market is understood to be fragmented with key players accounting for almost one-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry are Madix Inc., LA Darling, Lozier Corp., Gondella, Artitalia Group, Donracks TMTE Metal Tech Pvt. ltd., and CAEM.

Read More Trending "PMR Exclusive Article"- https://www.prnewswire.com/news-releases/widespread-installation-of-retail-shelving-systems-to-enhance-in-store-performance-and-boost-sales-persistence-market-research-301363467.html

Contact us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Web- https://www.persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Retail Shelving System Market Estimates the market to expand at 8.8% CAGR from 2021 to 2031 here

News-ID: 2604498 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Retail

Driving Retail Innovation: Blockchain Revolutionizes the Retail Sector
[City, Date] - Retail blockchain, hailed as a disruptive technology, is reshaping the retail sector by securely recording digital transactions on a distributed ledger. This innovative approach enables retailers to meticulously track stock origins, exercise precise control over their offerings, and instill trust across various applications including smart contracts, consumer experience management, transaction management, and supply chain management. The Blockchain in Retail Market is projected to reach $25.8 billion by 2029,
Retail Clinics Market - Transforming healthcare delivery through retail clinics
Newark, New Castle, USA: The "Retail Clinics Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Retail Clinics Market: https://www.growthplusreports.com/report/retail-clinics-market/7728 This latest report researches the industry structure, sales, revenue,
India Retail Market Top Key Players – Reliance Retail, V Mart, D Mart, Pantalo …
Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. With the arrival of several new players, Indian retail has become one of the most dynamic and fast industries. The sector is the largest source of employment after agriculture and has deep penetration into rural India generating more than 10 per cent of India’s GDP. With the advancement in
Retail IoT Software Market 2020-2026 | Coffee Cloud, Honeywell Connected Retail, …
The Research Insights has included a report, titled a global Retail IoT Software market to its extensive repository. This analytical report has been compiled by using primary and secondary research techniques. The global market research report offers in-depth analysis of global market trends, platforms, drivers, restraints and opportunities. It also presents a complete overview of the global market with respect to current statistics, historical records, and future predictions. Retail IoT software
Global Organized Retail Market 2019 - Pantaloons Retail, Reliance Retail, Shoppe …
Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store. Organized retail also includes internet retailing, which is the process of buying and selling products and services, such as COD, card on delivery, or trial services, through the internet. Get Free Sample Copy of Report Here: http://bit.ly/2DdvEVA Scope of the Report: This report
Retail Display Industry Segment Analysis by Product Type Touch-screen retail dis …
The displays that are used in retail applications like POS systems, kiosks, ATMs, and digital signage are referred to as retail displays. The touchscreen displays segment in the retail sector accounted for the maximum market share during 2017. In 2018, the global Retail Display market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. In this study,