The shop fitting material global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Shop Fitting Material Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The shop fitting material market size has grown strongly in recent years. It will grow from $138.4 billion in 2023 to $147.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rise in consumer expectations, growth in shopping mall development, increase in number of retail chains, rise in popularity of specialty stores, and rise of ecommerce stores.
The shop fitting material market size is expected to see strong growth in the next few years. It will grow to $190.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing retail spaces, expansion of supermarkets and hypermarkets, growing number of luxury and high-end retail stores, rising eco-friendly materials, and growing number of pop up stores. Major trends in the forecast period include integration of smart technology, implementation of modular designs, advancements in 3D printing, adoption of lightweight materials, and integration of digital signage.
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Scope Of Shop Fitting Material Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing number of retail stores is projected to fuel the growth of the shop-fitting material market in the near future. Retail stores, which encompass various businesses selling products directly to consumers, including department stores, specialty shops, convenience stores, and supermarkets, are benefiting from rising consumer spending, urban development, and the proliferation of shopping malls. Shop-fitting materials enhance retail stores by improving aesthetics, optimizing space management, facilitating a smooth customer experience, boosting sales, and supporting brand identity. For instance, in January 2024, the National Association of Convenience Stores, a US-based international association for convenience and fuel retailing agencies, reported an estimated increase in the number of convenience stores to 152,396 in 2024, up from 150,174 in 2023, reflecting a 1.5% rise in store count. Thus, the growing number of retail stores is a key driver of the shop-fitting material market.
Market Trends –
Major companies operating in the shop fitting materials market are renovating interiors with augmented wood to enhance retail spaces’ aesthetic appeal, durability, and functionality. Augmented wood combines traditional wood with advanced technologies, such as digital printing and embedded sensors, to create innovative designs and improve performance. For instance, in January 2022, Woodoo, a France-based company providing high-performance material alternatives to steel, glass, leather, and plastics, launched LIGHTR. LIGHTR is a wall lighting solution with a wooden covering that is designed to enhance shop fittings and retail environments. Its authentic wood finish adds warmth and a natural touch, creating a cozy atmosphere that attracts customers and showcases products effectively. It is a modular system that can be integrated into walls covered with Woodoo’s patented translucent wood, called SLIM, or used as a decorative lighting object to enliven interiors. LIGHTR’s modularity allows for flexible integration and customization to suit different design needs.
The shop fitting material market covered in this report is segmented –
1) By Material: Laminates And Woods, Plastic, Metals, Other Materials
2) By Usage: Counters, Furniture, Display, Shelves, Other Usages
3) By Price: Low, Medium, High
4) By Customer Type: Retailers, Architects, Contractors, Other Customers
5) By End User: Clothing And Fashion Stores, Jewelry Stores, Pharmaceuticals Stores, Grocery Stores, Food And Beverage Cafés, Furniture Stores, Optical Stores, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the shop fitting material market in 2023. The regions covered in the shop fitting material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Leggett & Platt Incorporated, Hovnanian Enterprises Inc., HMY Group, Haworth Inc., Carter Holt Harvey Limited, Surteco GmbH, Madix Inc., Draper Inc., Appvion LLC, Pan-Oston B.V., Stylmark Inc., Jacobs Joinery and Shopfitters, ARNO GmbH, Trion Industries Inc., Visplay GmbH, Storflex Fixture Corporation, Barnwood Group Ltd, Stellex Capital Management LLC, Tegometall International AG, TECNARO GmbH, Australian Plastic Fabricators Pty Ltd, GCD Concepts Pty Ltd, Wood ‘N’ Stamp Shopfitting Pty Ltd
Table of Contents
1. Executive Summary
2. Shop Fitting Material Market Report Structure
3. Shop Fitting Material Market Trends And Strategies
4. Shop Fitting Material Market – Macro Economic Scenario
5. Shop Fitting Material Market Size And Growth
…..
27. Shop Fitting Material Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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