Press release
Shop Fitting Material Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Shop Fitting Material
The increasing number of retail stores is expected to boost the shop-fitting material market. Retail stores are expanding due to rising consumer spending, urbanization, and the growth of shopping malls. Shop fitting materials enhance these stores by improving their design, space management, and customer experience, which in turn increases sales and customer satisfaction. In January 2024, the National Association of Convenience Stores reported an increase in U.S. convenience stores to 152,396 in 2024, reflecting a 1.5% rise from 2023. Thus, the growing number of retail stores will drive the shop-fitting material market.
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What is the projected compound annual growth rate (CAGR) of the shop fitting material market from 2025 to 2034, and what factors influence it?
The shop fitting material market has seen solid growth in recent years. It is projected to grow from $147.28 billion in 2024 to $157.16 billion in 2025, with a CAGR of 6.7%. Growth factors include rising consumer expectations, an increase in shopping mall developments, the growth of retail chains, the rise of specialty stores, and the growing importance of e-commerce stores.
The shop fitting material market is forecast to reach $202.16 billion by 2029, growing at a CAGR of 6.5%. Growth is attributed to the expansion of retail spaces, the growth of supermarkets and luxury stores, the rise of pop-up stores, and the increasing use of eco-friendly materials. Trends include smart technology integration, modular designs, advancements in 3D printing, lightweight materials, and the adoption of digital signage.
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How are the latest trends influencing the growth of the shop fitting material market?
Companies in the shop fitting materials market are renovating retail spaces with augmented wood to enhance aesthetics and durability. For instance, in January 2022, Woodoo launched LIGHTR, a modular wall lighting solution made from its patented translucent wood, SLIM. This innovative material adds warmth to retail environments and can be integrated into shop fittings for a customizable and appealing design.
What are the major segments of the shop fitting material market and their role in driving growth?
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
Subsegments:
1) By Laminates And Woods: High-Pressure Laminates (HPL), Decorative Laminates, MDF (Medium Density Fiberboard), Plywood And Veneers, Solid Wood Panels
2) By Plastic: Acrylic Sheets, PVC (Polyvinyl Chloride), Polycarbonate, High-Density Polyethylene (HDPE), ABS (Acrylonitrile Butadiene Styrene)
3) By Metals: Stainless Steel, Aluminum, Brass And Bronze, Mild Steel, Galvanized Steel
4) By Other Materials: Glass, Stone (Marble, Granite), Textiles And Fabrics, Composite Materials (Fiberglass), Bamboo And Eco-Friendly Materials
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What regions are at the forefront of shop fitting material market expansion?
Asia-Pacific was the largest region in the shop fitting material market in 2023. The regions covered in the shop fitting material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the 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
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What Is Covered In The Shop Fitting Material Global Market Report?
•Market Size Forecast: Examine the shop fitting material market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the shop fitting material market for a structured understanding.
•Key Players Overview: Analyze major players in the shop fitting material market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the shop fitting material market.
•Segment Contributions: Evaluate how different segments drive overall growth in the shop fitting material market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the shop fitting material market.
•Industry Challenges: Identify potential risks and obstacles affecting the shop fitting material market.
•Competitive Landscape: Review strategic developments in the shop fitting material market, including expansions, agreements, and new product launches.
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