Press release
Retail Shelving System Market to reach 28 Mn units by 2031
Retail Shelving System Market 2022The global retail shelving systems market is currently valued at over US$ 2 Bn. Sales of retail shelving systems are projected to increase at 8.8% CAGR and reach 28 Mn units by 2031. Strengthening of distribution networks and use of advanced durable materials are being witnessed in this space. The market for retail shelving systems is progressing at around 8.8% CAGR in Europe.
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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.
Key Companies-
• Madix Inc.
• LA Darling
• Lozier Corp.
• Gondella
• Artitalia Group
• Donracks TMTE Metal Tech Pvt. ltd.
• CAEM
• Storflex
• Uniweb Inc
• KIDER (INDIA) PRIVATE LIMITED
• Accel Group Inc.
• Velca Racking Systems Pvt. Ltd.(*UAE)
• Handy Store Fixtures
• Sumetall (China) Shopfittings Limited
• Eren Çelik Ahap ve Metal Möble San. Tic. Ltd. ti.(rafturk)
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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.
"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.
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Key Questions Answered in This Report.
• What are the Roadblocks for Retail Shelving System Suppliers?
• What are the Key Opportunities for Retail Shelving System Manufacturers?
• How is Focus on Safety Influencing Retail Shelving System Demand?
• What is the Regulatory Impact on Global Sales of Retail Shelving System?
• Which Region Offers the Largest Opportunity for Sales of Retail Shelving System?
• Where Does the U.S. Stand in the Market for Retail Shelving System?
• What Is the Outlook for Retail Shelving System Manufacturers in China?
• Why is Germany a Lucrative Market for Retail Shelving System Manufacturers?
• Why Will Belgium Outpace Other European Markets for Retail Shelving System?
• Why is There High Demand for Tires in Retail Shelving System?
• Why are Sales of Retail Shelving System Surging?
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