Shop Fitting Material Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033

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The new report published by The Business Research Company, titled Shop Fitting Material Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the shop fitting material market size has grown strongly in recent years. It will grow from $138.4 billion in 2023 to $147.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The shop fitting material market size is expected to see strong growth in the next few years. It will grow to $190.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.

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What Is Driving The Growth Of The Global Shop Fitting Material Market?

Rising Retail Store Count Drives Growth In Shop Fitting Material Market
The increasing number of retail stores is expected to propel the growth of the shop-fitting material market going forward. Retail stores refer to businesses that sell products directly to customers, including various types such as department stores, specialty shops, convenience stores, and supermarkets. Retail stores are fueled by increased consumer spending, urban development, and the growth of shopping malls. Shop fitting materials enhance retail stores by improving aesthetics, optimizing space management, facilitating a smooth customer experience, boosting sales and satisfaction, and supporting brand identity. For instance, in January 2024, the National Association of Convenience Stores, a US-based international association for convenience and fuel retailing agencies, reported an estimated increase in the number of convenience stores to 152,396 in 2024, up from 150,174 in 2023, reflecting a 1.5% rise in store count. Therefore, the increasing number of retail stores is driving the growth of the shop-fitting material market.

What Is The Key Trend In The Global Shop Fitting Material Market?

Integration of Advanced Technologies in Shop Fitting Materials
Major companies operating in the shop fitting materials market are renovating interiors with augmented wood to enhance retail spaces' aesthetic appeal, durability, and functionality. Augmented wood combines traditional wood with advanced technologies, such as digital printing and embedded sensors, to create innovative designs and improve performance. For instance, in January 2022, Woodoo, a France-based company providing high-performance material alternatives to steel, glass, leather, and plastics, launched LIGHTR. LIGHTR is a wall lighting solution with a wooden covering that is designed to enhance shop fittings and retail environments. Its authentic wood finish adds warmth and a natural touch, creating a cozy atmosphere that attracts customers and showcases products effectively. It is a modular system that can be integrated into walls covered with Woodoo's patented translucent wood, called SLIM, or used as a decorative lighting object to enliven interiors. LIGHTR's modularity allows for flexible integration and customization to suit different design needs.

How Is The Global Shop Fitting Material Market Segmented?
The shop fitting material market covered in this report is segmented -

1) By Material: Laminates And Woods, Plastic, Metals, Other Materials
2) By Usage: Counters, Furniture, Display, Shelves, Other Usages
3) By Price: Low, Medium, High
4) By Customer Type: Retailers, Architects, Contractors, Other Customers
5) By End User: Clothing And Fashion Stores, Jewelry Stores, Pharmaceuticals Stores, Grocery Stores, Food And Beverage Cafés, Furniture Stores, Optical Stores, Other End Users

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How Is The Competitive Landscape Of The Global Shop Fitting Material Market?
Major companies operating in the shop fitting material market are Leggett & Platt Incorporated, Hovnanian Enterprises Inc., HMY Group, Haworth Inc., Carter Holt Harvey Limited, Surteco GmbH, Madix Inc., Drape*r Inc., Appvion LLC, Pan-Oston B.V., Stylmark Inc., Jacobs Joinery and Shopfitters, ARNO GmbH, Trion Industries Inc., Visplay GmbH, Storflex Fixture Corporation, Barnwood Group Ltd, Stellex Capital Management LLC, Tegometall International AG, TECNARO GmbH, Australian Plastic Fabricators Pty Ltd, GCD Concepts Pty Ltd, Wood 'N' Stamp Shopfitting Pty Ltd

Contents Of The Global Shop Fitting Material Market
1. Executive Summary
2. Shop Fitting Material Market Report Structure
3. Shop Fitting Material Market Trends And Strategies
4. Shop Fitting Material Market - Macro Economic Scenario
5. Shop Fitting Material Market Size And Growth
…..
27. Shop Fitting Material Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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