Shop Fitting Materials Market: Introduction
- Shop fitting materials are the equipment, fittings, and fixtures used to display products & commodities in hypermarkets and retail shops. All kinds of trading shops and retail outlets require to install shop fitting materials to design and execute the shop layout to display the purchasing commodities. Merchandising goods require proper display solutions to gain more attention from buyers which gradually increases product sales. Rising disposable income and increase in purchasing power of consumers has fueled the growth of hypermarkets, supermarkets, pharmaceutical stores, retail shops, and trading outlets. This is anticipated to boost the shop fitting materials market across the globe.
Expansion of Retail Sector to Drive the Global Shop Fitting Materials Market
- Growth of the retail industry is expected to lead to increased usage of shop fitting materials. Shop fitting materials enable the proper display of purchasing commodities to the customers. Increasing number of convenience stores, hypermarkets, supermarkets, retail outlets, pharmaceutical stores, and clothing shops & boutiques are expected to positively affect the shop fitting materials market. Shop fitting materials are the necessary equipment for retailers to arrange and execute the merchandising goods which fosters their business. The shop fitting materials market is likely to expand significantly due to major growth of the retail industry.
Rise in Disposable Income to fuel the Global Shop Fitting Materials Market
- Rising disposable income has increased the purchasing power of consumers. Increasing urbanization and rapidly changing lifestyles have fostered product demand from buyers. Moreover, customers get easily attracted to the products which are easily available and aesthetic. These are the major factors expected to drive the shop fitting materials market.
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Growing Influence of Aesthetic Appearance to Create More Opportunities for Manufacturers of Shop Fitting Materials
- Demand for shop fitting materials will probably increase due to growing influence of creative store layouts. Store owners, vendors, and retailers are focusing on enhancing the visual appearance of the stores to attract customers and increase the visual experience. These factors are also anticipated to spur the growth of the shop fitting materials market worldwide.
North America to Lead the Global Shop Fitting Materials Market
- In terms of region, the global shop fitting materials market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
- Europe includes the country-level analysis for U.K., Germany, France, and Rest of Europe. North America covers Canada, U.S., and Rest of North America for the shop fitting materials market. The South America shop fitting materials market is segmented into Brazil, and Rest of South America. Analysis and forecast of the shop fitting materials market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the shop fitting materials market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
- The market in North America is likely to witness the maximum demand for shop fitting materials followed by Asia Pacific.
- Increasing consumer base and rising disposable incomes in these regions are the major factors expected to boost the shop fitting materials market.
- Several manufacturers of shop fitting materials are focusing on innovation in their product portfolio and manufacturing products to cater to the demand of customers.
Key Manufacturers Operating in the Market
The key manufacturers operating in the global shop fitting materials market are:
- KVH Furniture and Design
- Uni-Shop (Fitting) Ltd
- ARNO GmbH
- SURTECO GROUP
- SP Shop Fitting & Manufacturing
- KDM Shopfitting Ltd
- B A Haxby (Barnsley) Ltd
- Cheshire Contracts
- Vaudeville Mannequins
- Genesis Display GmbH
- KAS Shopfittings
- KSL GLOBAL GROUP
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Global Shop Fitting Materials Market: Research Scope
Global Shop Fitting Materials Market, by Product
- Hooks, Holders & Rods
- Display Racks & Shelves
- Display Spinner Stands
- Hangers & Baskets
Global Shop Fitting Materials Market, by Material Type
- Laminates & Wood
- Others (Electrical Lights, etc.)
Global Shop Fitting Materials Market, by End-use Industry
- Cloth & Jewelry Stores
- Pharmaceutical Stores
- Trading & Grocery Shops
- Bakery & Food Stores
- Others (Sports Shopping Centre, Footwear Stores, etc.)
Global Shop Fitting Materials Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the global shop fitting materials market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.