MENA Retail Shelving Market Forecasted to Reach USD 1.96 Billion by 2031 | Persistence Market Research Report

Overview of the MENA Retail Shelving Market

The MENA retail shelving market is poised for significant growth, projected to expand from a valuation of USD 1.38 billion in 2024 to USD 1.96 billion by 2031, at a compound annual growth rate (CAGR) of 8.8%. The retail industry across the MENA (Middle East and North Africa) region is experiencing rapid transformations, driven by increasing consumer spending, the flourishing tourism sector, and evolving retail preferences. As a result, there is a growing demand for retail shelving solutions that enhance store aesthetics and functionality. Retailers are investing in innovative shelving systems to meet the rising need for flexible, durable, and visually appealing displays.

The boom in tourism, especially in cities like Dubai, Abu Dhabi, and Doha, has been a key growth driver for the retail shelving market. With more tourists visiting these cities, there is a surge in demand for temporary pop-up stores and permanent retail outlets requiring modern shelving solutions. Moreover, the expansion of hypermarkets and supermarkets across the region is fueling the demand for durable and customizable shelving systems. Among various retail shelving solutions, the wood segment is anticipated to lead the market, capturing over 57% of the market share in 2024, thanks to its durability and aesthetic appeal that enhances store ambiance.

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Key Highlights from the MENA Retail Shelving Market Report

• The MENA retail shelving market is estimated to grow from USD 1.38 billion in 2024 to USD 1.96 billion by 2031.
• The market is projected to grow at a CAGR of 8.8% between 2024 and 2031.
• Wood-based shelving solutions are expected to hold 57.1% of the market share in 2024 due to their aesthetic appeal and durability.
• Increasing demand for flexible shelving systems will create new opportunities in the market.
• The emergence of smart shelving units with sensors will revolutionize inventory management and customer experience.
• The tourism boom in the UAE is expected to drive retailers to open new outlets, boosting the demand for modern shelving units.

Market Segmentation

Product Type and Material Segmentation

The MENA retail shelving market is segmented by product type, with a significant emphasis on the material used in shelving units. Among the various materials, wood is projected to dominate the market, holding the largest share due to its versatility and visual appeal. Wood-based shelves are increasingly being chosen by retailers to create inviting and aesthetically pleasing store environments. The material's natural appearance fits well across diverse retail sectors, from luxury boutiques to grocery stores. Additionally, wood offers high load-bearing capacity and customization options, making it a preferred choice for retailers looking to improve store presentations.

On the other hand, metal shelving is also gaining traction, particularly in supermarkets and hypermarkets where heavy-duty shelving is required. Metal units are more durable and capable of supporting a higher volume of products, making them suitable for high-traffic retail locations. As retailers strive to strike a balance between aesthetic appeal and functional strength, a combination of wood and metal shelving solutions is becoming increasingly popular, further driving market growth.

End-User and Application Segmentation

The end-user segment in the MENA retail shelving market is primarily driven by supermarkets, hypermarkets, and specialty stores. These retail spaces require high-quality shelving units that are both visually appealing and capable of handling diverse product assortments. Supermarkets and hypermarkets, particularly in countries like Saudi Arabia, UAE, and Qatar, have seen substantial growth in recent years. This expansion directly correlates with an increased need for shelving solutions that can accommodate a variety of goods, ranging from fresh produce to packaged items.

Specialty stores, including fashion outlets, electronics shops, and home décor stores, are also contributing to the growing demand for innovative shelving solutions. These retail establishments require customized shelving that can complement their unique brand aesthetics while ensuring product visibility. The rise of omnichannel retailing, where physical stores integrate with online platforms, is also pushing the need for more flexible and adaptable shelving systems. As these end-users evolve, the demand for versatile, modular shelving units continues to rise.

Regional Insights

GCC Region

The Gulf Cooperation Council (GCC) countries, including the UAE, Saudi Arabia, and Qatar, are experiencing rapid growth in retail establishments, which is significantly contributing to the demand for retail shelving solutions. In the UAE, the tourism sector is booming, with new malls, restaurants, and retail outlets emerging to cater to international visitors. This has led to an increasing demand for modern shelving units that enhance the shopping experience. The UAE's retail landscape is being shaped by the opening of large-scale retail stores like IKEA and Carrefour, which require both aesthetically pleasing and durable shelving systems.

Similarly, Saudi Arabia and Qatar are also experiencing a retail boom, with major players like LuLu Group International expanding their presence across the region. As these countries focus on improving the retail sector, the demand for customized and innovative shelving solutions is on the rise, providing ample growth opportunities for market players.

North Africa and Emerging Markets

In contrast, North African countries such as Egypt and Algeria are seeing a rise in retail development, although at a relatively slower pace. However, as consumer spending continues to grow in these nations, the demand for advanced retail shelving solutions is expected to follow. Retailers in these regions are increasingly focusing on upgrading their stores and enhancing customer experiences, contributing to the demand for modern shelving systems. Furthermore, the ongoing urbanization trends across North Africa are expected to drive the adoption of retail shelving solutions in emerging retail markets.

Market Drivers

Enhanced Store Presentations

The MENA retail shelving market is significantly driven by the growing importance placed on store presentations. Retailers are increasingly aware of how store layouts and visual merchandising directly impact customer experience and sales. Shelving systems are not merely functional; they serve as tools to create engaging, memorable store environments that encourage longer visits and higher purchase rates. As a result, the demand for customizable shelving solutions that can align with retailers' branding and product offerings is rising.

Aesthetic Appeal and Consumer Engagement

With heightened competition in the MENA retail sector, store aesthetics are becoming a key differentiator. Retailers are investing in visually appealing shelving units to attract and retain customers. Customizable shelving solutions allow businesses to tailor store displays according to seasonal themes, product categories, or even specific promotional campaigns. This focus on aesthetics is expected to continue driving demand for modern shelving systems that can elevate the overall shopping experience.

Market Restraints

High Cost of Premium Shelving Solutions

One of the major restraints in the MENA retail shelving market is the high cost associated with premium shelving solutions. High-quality shelving systems, particularly those made from wood or featuring advanced functionalities, come with substantial upfront costs. Small-scale retailers with limited budgets may find it difficult to invest in these high-end solutions, opting instead for lower-cost alternatives. This financial constraint can limit the market's growth, especially in price-sensitive markets.

Competition and Cost Efficiency

The competitive retail landscape in the MENA region also poses challenges for the market. Retailers, particularly those in highly competitive environments, are often focused on cost-efficiency, which may limit their willingness to invest in premium shelving systems. The need to balance low prices with high-quality products can hinder investments in more durable and aesthetically pleasing shelving units.

Market Opportunities

Flexible and Modular Shelving Solutions

There is a growing trend for flexible shelving solutions that can be easily adapted to changing store layouts. As retailers look for ways to cater to diverse consumer preferences, modular shelving units that can be reconfigured quickly and efficiently are becoming increasingly popular. These solutions allow retailers to adjust their displays for seasonal promotions, changing product assortments, or evolving consumer trends.

Smart Shelving with Technology Integration

Smart shelving units that incorporate technology, such as sensors for real-time inventory tracking and digital displays, are expected to drive significant market opportunities. These advanced systems not only improve inventory management but also enhance customer engagement by offering personalized promotions and product information. As retailers seek innovative ways to stand out in a crowded market, the adoption of smart shelving systems is likely to become a key strategy for differentiation.

Reasons to Buy the Report

✔ Gain insights into the current and projected growth of the MENA retail shelving market.
✔ Understand key market drivers, trends, and challenges shaping the future of the industry.
✔ Identify leading product types and materials that are expected to dominate the market.
✔ Explore regional insights and opportunities in both developed and emerging markets.
✔ Access detailed company profiles of key market players and their latest developments.

Frequently Asked Questions (FAQs)

1. How Big is the MENA Retail Shelving Market?
2. Who are the Key Players in the MENA Retail Shelving Market?
3. What is the Projected Growth Rate of the MENA Retail Shelving Market?
4. What is the Market Forecast for the MENA Retail Shelving Market in 2032?
5. Which Region is Estimated to Dominate the MENA Retail Shelving Market through the Forecast Period?

Company Insights

Key Players in the MENA Retail Shelving Market

• Mecalux S.A.
• Interroll Group
• Averys Group
• Constructor Group AS
• Gondella International
• Swisslog AG
• Montel Inc.
• Nedcon
• Frazier Industrial Company
• AR Racking
• Storax
• Dexion

Recent Developments

1. In August 2024, IKEA expanded its presence in the UAE by opening a new store in Dalma Mall, Abu Dhabi.

2. In May 2024, Spinneys launched its first-ever standalone food hall in Dubai Mall, further driving demand for retail shelving solutions.

This comprehensive market analysis provides valuable insights into the trends, drivers, challenges, and growth opportunities within the MENA retail shelving market, allowing businesses to navigate the evolving retail landscape effectively.

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