Market Report Summary
Market - Retail Shelving System Market
Market Value - US$ 2 Bn in 2021
Market CAGR Value – 8.8% in 2031
Market Forecast Year - 2021 to 2031
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This report provides in depth study of SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Retail Shelving System Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Global retail shelving system sales are set to be valued at over US$ 2 Bn in 2021, with steady long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at 8.8% CAGR from 2021 to 2031.
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.
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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.
Other happenings in the market include:
- Significant opportunities by FDI in India & GCC
- Increase in modern retail and supermarkets & hypermarkets
- Usage of augmented reality in retail shelving systems
Demand for retail shelving systems decreased in 2020 due to the COVID-19 pandemic, as sales networks at the consumer end switched primarily from offline to online. Not just 2020, but 2021 is ought to be affected by numerous factors such as socio-political changes happening worldwide. However, with a stimulus in many countries, the market's long-term outlook looks very much optimistic.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Madix Inc., LA Darling, Lozier Corp., Gondella, Artitalia Group, Donracks TMTE Metal Tech Pvt. ltd., and CAEM and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Retail Shelving System.
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.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Retail Shelving System Market Manufacturers
Retail Shelving System Market Distributors/Traders/Wholesalers
Retail Shelving System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Retail Shelving System Market Report:
- The Retail Shelving System Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Retail Shelving System Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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