What is the impact of macroeconomic factors on the Retail Shelving System Market in future?

 

Retail Shelving System Market

The global Retail Shelving Systems market is currently valued at over US$ 2 Bn. Sales of Retail Shelving Systems are projected to increase at 8.8% CAGR and reach 28 Mn units by 2031. Strengthening of distribution networks and use of advanced durable materials are being witnessed in this space.

The market for Retail Shelving Systems is progressing at around 8.8% CAGR in Europe. China and the U.S. are key producers of Retail Shelving Systems. China, the U.S., Italy, and Germany are key exporting countries of Retail Shelving Systems. The market in North America is expected to surge at 9% CAGR.

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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.

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.

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 Ahap ve Metal Möble San. Tic. Ltd. ti.(rafturk)

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