The global market is estimated to reach a revenue of US$ 2.41 Bn in 2023. Retail Shelving System is expected to witness a high growth rate of 8.8% and is expected to top a revenue of US$ 5.61 Bn by 2033.
The Retail Shelving System Market has been on a steady rise in recent years, thanks to the expansion of the modern retail industry. Retail shelving systems are an essential component of any retail outlet, as they allow efficient storage and display of goods while providing easy access for consumers. Retailers need to be aware of the various aspects of such systems in order to get the best out of them.
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To begin with, it is important to consider the type of shelving system that is most suitable for a particular business. Generally, there are three main types of retail shelving systems: standalone units, wall-mounted units, and gondola units. Standalone units provide extra space for large items such as furniture or appliances, while wall-mounted units are ideal for smaller items such as clothing and accessories. Gondola units can be used for both small and large items, as they come with adjustable shelves which can be adjusted to fit different sizes of products. Retailers should also consider other features such as ergonomics or material choice when selecting a particular type of shelving system.
In addition to type selection, retailers should also consider their budget when choosing a retail shelving system. Retailers need to keep in mind that high quality materials tend to last longer and may cost more initially but will save money over time due to reduced maintenance costs and replacement costs. Retailers should also look into additional components like drawers and cabinets that can help optimize space use within the store environment.
Apart from purchasing new shelves, retailers should also look into refurbished product offerings which generally offer significant savings compared to buying new products outright. Retailers need to carefully evaluate refurbished products before making a purchase to ensure that they meet safety standards and are still in good condition before putting them out on display or use them in their store environment.
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Finally, retailers need to take into consideration how they will maintain their retail shelving systems over time so they remain attractive and functional over time. Regular cleaning is key in maintaining a neat appearance while doing regular checks on individual components helps ensure everything is functioning properly and safely at all times. Retailers should also look into additional features like LED lighting which helps enhance visibility within the store environment while providing additional energy savings through improved efficiency ratings over traditional lighting choices like incandescent bulbs or fluorescent tubes.
Overall, understanding all these factors is essential for retailers who wish to get the most out of their retail shelving systems without spending too much money upfront or sacrificing quality over time with poor maintenance habits or lack of proper upkeep procedures in place.. With careful planning and research, businesses can acquire appropriate shelving systems which will help them bring their sales up without wasting too much resources unnecessarily along the way
There are continuous developments in the market by manufacturers that keep moving it forward, such as:
- In Feb., 2021, Madix Inc. acquired Texas assets of Panel Processing, Inc., which is a partner to the company since a long time.
- In February 2020, the Gondela Corp. took part in EUROSHOP, which is proven to be the most important platform for world retail in terms of trends, inspiration, and networking.
- In October 2019, Artitalia Group opened a new warehousing facility in Ontario, California, to further complement its sophisticated supply chain.
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Key Companies-
- Madix Inc.
- LA Darling
- Lozier Corp.
- Gondella
- Artitalia Group
- Donracks TMTE Metal Tech Pvt. ltd.
- CAEM
- Storflex
- Uniweb Inc
- KIDER (INDIA) PRIVATE LIMITED
- Accel Group Inc.
- Velca Racking Systems Pvt. Ltd.(*UAE)
- Handy Store Fixtures
- Sumetall (China) Shopfittings Limited
- Eren Çelik Ahap ve Metal Möble San. Tic. Ltd. ti.(rafturk)
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https://www.openpr.com/news/2891702/retail-shelving-system-market-to-cross-us-5-61-billion
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