What is Retail Shelving Systems Market?
A retail shelving system is defined as the flexible display system that can be moved and adjusted in order to accommodate different product dimensions. It mostly consists of a flat base as well as a vertical component featuring slat walls, pegboards, and notches. Increasing usage of retail shelving system in various application such as department stores, grocery, hypermarket & supermarket, pharmacy, among others are some of the major factors which affect the growth of the market in the future.
Highlights from Retail Shelving Systems Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Lozier Corporation (United States), Mr Shelf (New Zealand), Artitalia Group Inc. (Canada), Trion Industries, Inc. (United States), Storflex Fixture Corp (United States), Accell Group N.V. (Netherlands), Madix, Inc. (United States), Handy Store Fixtures (United States), Streater Gondola Shelving (United States) and Grand + Benedicts (United States) |
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global retail shelving system market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Retail Shelving Systems market throughout the forecasted period.
Lozier Corporation (United States), Mr Shelf (New Zealand), Artitalia Group Inc. (Canada), Trion Industries, Inc. (United States), Storflex Fixture Corp (United States), Accell Group N.V. (Netherlands), Madix, Inc. (United States), Handy Store Fixtures (United States), Streater Gondola Shelving (United States) and Grand + Benedicts (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are IKEA (Sweden), NABCO, Inc. (United States) and Rack King & Shelving (United States). Retail Shelving Systems Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Department Stores, Grocery, Hypermarket & Supermarket, Pharmacy and Others |
Type | Gondola Shelving System, Till Impulse Shelving System and Hi-Tec Wire Shelving System |
Capacity | Light Duty,Medium Duty,Heavy Duty |
Material | Metal,Wood,Others |
On the basis of geography, the market of Retail Shelving Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Retail Shelving Systems such as Intelligent Retail Shelving Solution at NRF
Market Growth Drivers:
Growing Need for Better Customer Service and Enhanced Shopping Experience and Increasing Investment in Retail Industry Globally
Challenges:
Issue related to Reluctance of Retailers and Problematic regarding High Prices of Retail Shelving Systems Products
Restraints:
The problem regarding Lack of Skilled Personnel and The high Maintenance cost of Retail Shelving Systems
Opportunities:
High Growth Potential in Emerging Economies namely India and China
Key Target Audience
Retail Shelving Systems Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Retailers, Supermarkets, and Hypermarkets and Traders, Exporters, and Importers
In 2015, the Panasonic Company has introduced an intelligent retail shelving solution at NRF (National Retail Federation). In addition, it is first fully integrated retail merchandising solution to combine battery-free, wirelessly powered electronic shelf labels (ESLs). Hence, it will affect the growth of the market in the future.