May 10, 2023 11:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Retail Shoe Wall Display
Wilmington, Delaware, United States, May 10, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global shop fitting materials market stood at US$ 147.6 billion in 2022 and the global market is projected to reach US$ 234.1 billion by 2031. The global industry is anticipated to expand at a CAGR of 4.5% between 2023 and 2031.
The market value of shop fitting materials is increasing due to rising demand for retail spaces. The need for high-quality shop fitting materials such as shelving units, display cases, and racks will increase, as more retail spaces are established globally. The increasing number of retail outlets will create a significant market for shop fitting materials.
The growing trend of visual merchandising is another significant factor contributing to the market growth. Visual merchandising is a crucial element in the retail industry. It involves creating attractive and organized displays to attract customers and increase sales.
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Shop fitting materials such as display cases, mannequins, and lighting are essential components of visual merchandising. The demand for shop fitting materials will increase, as retailers focus on creating visually appealing displays.
The market prospects have been driven by factors such as increasing demand for eco-friendly shop fitting materials over the analysis period. Consumers are becoming more environmentally conscious, and retailers are increasingly adopting sustainable practices. Eco-friendly shop fitting materials such as wood, bamboo, and recycled plastic are gaining popularity. The demand for such materials is expected to increase as retailers seek to reduce their environmental footprint.
Key Findings of the Market Report
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Global Shop Fitting Materials Market: Growth Drivers
Global Shop Fitting Materials Market: Regional Landscape
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Global Shop Fitting Materials Market: Key Players Some of the key market players in the global shop fitting materials market are:
Prominent players in the shop fitting materials industry are taking advantage of the rapidly increasing demand for Shop Fitting Materials. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale providers. Some prominent market developments are as follows:
Global Shop Fitting Materials Market: Segmentation
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Display Shelving For Retail Stores Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: sales@transparencymarketresearch.com