Shelving, in the retail sense of the word, is also commonly referred to as retail shelving, shop shelving, store shelving, display units, fixtures, retail fixtures and gondolas. Shelving is used by retailers to display merchandise.
Retail Shelving is one of the most important part of shop fitting because the shelves are the place where your products are displayed an in order to increase the number of your clients it is important to display in the best possible way.
The global Retail Shelving Systems
revenue was about 6045 M USD by the end of 2018, which is expected to reach 6326 M USD in 2025. Overall, the Retail Shelving Systems products performance is positive with the current environment status.
Currently, there are many players in this market. Lozier, Madix, Artitalia Group, Streater LLC, Trion Industries and some others are playing important roles in Retail Shelving Systems industry. The market is not so concentrated for now and is seeing to be more dispersed.
In market, revenue of Retail Shelving Systems in North America will increase to be 2041 M USD in 2025 from 1996 M USD in 2018, which is the biggest consumption area in current market pattern. Europe ranks the second largest consumption area, with sales revenue and market share of 1524 M USD in 2018.
There are many different types of Retail Shelving Systems. The market can be segmented into: Metal Shelving System, Wood Shelving System and Others. Metal Shelving System is the most commonly used and efficient types and took 79.96% market share in 2018. By application, Hypermarket & Supermarket is the largest consumer group, with market share of 60.44% in 2018.
In the past few years, the price of Retail Shelving Systems shown a slightly decreasing trend and we expect the price may keep the trend in a short period. However, as the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Retail Shelving Systems. Therefore, to some extent, the companies are facing a risk of profit decline. In order to keep profit, the price may keep the trend in a short period.
Companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The total competition market for Retail Shelving Systems will become more intense, while the market is going to be more concentrated for high end Retail Shelving Systems.