Retail Shelving System Market to Cross US$ 5.61 Billion in revenues by 2033-end at a CAGR of 9%

𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐡𝐞𝐥𝐯𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 𝐔𝐒$ 𝟐.𝟒𝟏 𝐁𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑. 𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐡𝐞𝐥𝐯𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐭𝐨𝐩 𝐚 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 𝐔𝐒$ 𝟓.𝟔𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟑. Retail shelving system demand in Supermarket and Class A Convenience Stores is anticipated to witness a growth rate of 9 % over the forecast period of 2023 and 2033 in terms of value.

Key players in the global market are expected to account for about 20%-25% of the overall market share. The top countries driving the global demand include China, India, Japan, U.S., Germany and India.

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The global retail shelving system market is expected to grow in the coming years due to the increasing demand for efficient and attractive display solutions in retail stores. Factors such as the rise in e-commerce, the growing popularity of convenience stores, and the increasing demand for sustainable shelving solutions are driving the market growth.

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 𝐀𝐡?𝐚𝐩 𝐯𝐞 𝐌𝐞𝐭𝐚𝐥 𝐌ö𝐛𝐥𝐞 𝐒𝐚𝐧. 𝐓𝐢𝐜. 𝐋𝐭𝐝. ?𝐭𝐢.(𝐫𝐚𝐟𝐭𝐮𝐫𝐤)

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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.

𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐨𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐭𝐲𝐩𝐞, 𝐞𝐧𝐝-𝐮𝐬𝐞, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧.

𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐭𝐲𝐩𝐞, the market is segmented into gondola shelving, wall-mounted shelving, freestanding shelving, and others. Gondola shelving is expected to dominate the market due to its versatility and wide range of applications in retail stores.

𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐞𝐧𝐝-𝐮𝐬𝐞, the market is segmented into supermarkets and hypermarkets, convenience stores, department stores, and others. Supermarkets and hypermarkets are expected to hold the largest share of the market due to the increasing number of these stores worldwide.

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥𝐥𝐲, the retail shelving system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to dominate the market due to the increasing number of retail stores in the region, particularly in China and India.

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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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮 𝐭𝐨 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞-

https://www.digitaljournal.com/pr/retail-shelving-system-market-is-projected-to-increase-at-8-8-cagr-and-reach-28-mn-units-by-2031-2

https://www.globenewswire.com/en/news-release/2022/05/03/2434801/0/en/Retail-Shelving-System-report-estimates-the-market-to-expand-at-8-8-CAGR-from-2021-to-2031.html

https://www.openpr.com/news/2640351/the-next-10-years-to-see-the-retail-shelving-system-market-give-an

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