Global Retail Shelving Systems Market - WishTree Insight

Global Retail Shelving Systems Market by Type (Wall Mount, Floor Mount, Gondola Shelves, Corner Shelving, and Other), Carrying Capacity (Light Duty(4—200kg), Medium Duty(0.25-1ton), Heavy Duty(1-2tons)), Material (Steel, Aluminum, and Others), End-User (Hypermarket, Bakery & Confectionary Stores, Footwear Stores, Pharmacy Stores, Supermarket & Apparel Stores, and Others), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Retail Shelving Systems market size was valued at USD 2.4 billion in 2022 and is expected to surpass USD 5.6 billion by 2032, expanding at a CAGR of 8.8 % during the forecast period, 2022–2032. The market's growth is attributed to the consumer preference towards varied product availability in a single place.

INTRODUCTION

Retail shelving systems are shelves and display units used in retail stores and shops to organize and showcase products. They come in various materials, such as metal, wood, and plastic, and can be freestanding, wall-mounted, or gondola-style. Retail shelving systems can be customizable, with adjustable shelves, lighting, and signage options. The goal of retail shelving systems is to maximize the visibility and accessibility of products, making it easy for customers to find what they need and make purchasing decisions.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing discretionary income in recent years is driving market growth.
• Rising consumer preference towards a variety of product availability in a single place is a key driver propelling the market.
• The modernization of small merchant stores is expected to propel market growth.

Scope of the Report

Market Segment Insights

The gondola shelves segment is projected to register a considerable CAGR

Based on type, the retail shelving systems market is divided into wall mount, floor mount, gondola shelves, corner shelving, and other. The gondola shelves segment is expected to expand rapidly during the forecast period as it is used to maximize product presentation. Gondola shelves are popular due to their adaptability, durability, and aesthetic appeal.

The light-duty segment is expected to expand at a rapid pace

Based on carrying capacity, the retail shelving systems market is divided into light-duty (4—200kg), medium-duty (0.25-1ton), and heavy-duty (1-2tons). The light-duty retail segment is expected to expand rapidly during the forecast period owing to the need in hypermarkets where items are frequently small-sized, light weighted, and often change.

The steel segment is projected to register a considerable share of 61%

On the basis of material, the retail shelving systems market is segregated into steel, aluminum, and others. The steel segment is projected to register a considerable share of 61% during the forecast period as steel has the ability to bear both light and heavy weights.

The supermarket & apparel stores segment is expected to grow at a rapid pace

On the basis of end-user, the retail shelving systems market is divided into hypermarkets, bakery & confectionary stores, footwear stores, pharmacy stores, supermarket & apparel stores, and others. The supermarket & apparel store segment is projected to grow at a rapid pace.

The Middle East & Africa constitutes a key market share

In terms of regions, the retail shelving systems market is divided into a classified region as APAC, Europe, North America, and LAMEA. The market of the Middle East & Africa constitutes a key market share of the global retail shelving systems market owing to the increasing demand for retail stores in the region. Moreover, the rising disposable income among consumers is impacting the market growth positively. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the rising demand from the consumer side.

Competitive Landscape

Key players competing in the Retail Shelving Systems market are Gondella Corp. (Belgium); Guangzhou Huicheng Shelf Co., Ltd (China); Kider Private Limited (India); Velca Racking Systems Pvt. Ltd. (UAE); Sumetall Shopfittings Limited (China).

FAQs

How much is the market worth?

The Retail Shelving Systems market size was valued at USD 2.4 billion in 2022 and is expected to surpass USD 5.6 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 8.8%.

What are the key drivers of the market?

The market's growth is attributed to the consumer preference towards varied product availability in a single place.

What segments are covered in the Retail Shelving Systems report?

The segments covered in the report are type (wall mount, floor mount, gondola shelves, corner shelving, and other), carrying capacity (light duty(4—200kg), medium duty (0.25-1ton), heavy-duty (1-2tons)), material (steel, aluminum, and others), end-user (hypermarket, bakery & confectionary stores, footwear stores, pharmacy stores, supermarket & apparel stores, and others).