August 13, 2019
Global customized shopfitting materials market is anticipated to cross US $180 billion by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
With the upcoming trend of aesthetically appealing commercial spaces, the customized shopfitting materials market is projected to find numerous applications in the coming years. The product is used for making customized furniture, shelves, displays, and counters catering to the growing need for additional storage space with aesthetic appeal. The use of customized shopfitting for tailor-made solutions in offices, restaurants, and reception along with other sectors will stimulate the global market growth.
As cited in the report, customized shopfitting materials market in China is presumed to surpass US $25 billion over the forecast period owing to increased disposable income, rapid urbanization, along with the expansion of retail chains in the region. Retail stores look for amplifying shopping convenience and hence are using customized shopfitting materials to organize items for consumer ease.
Increasing concerns regarding environment and soil erosion due to logging activities have impacted the customized shopfitting materials market. Strict environmental regulations relating to deforestation might restrict chopping of wood, hence limiting the profits and daunting the market price trends.
UK commercial market is driven by the high use of mannequins for product display to help customers in purchasing. Consequently, UK customized shopfitting materials market is projected to witness 3.5% gains from display application at the end of 2025. Numerous products can be displayed using mannequins and it makes the purchasing process easier for consumers by acting as a visual merchandizer providing necessary product details.
Based on the product type, decorative film segment is expected to surpass US $6.5 billion over the study period, owing to its application as a protective sheet for furniture, stock, and equipment to avoid fading from direct sun rays.
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As per the findings of the report, the gymnasium end-use segment of customized shopfitting material market is projected to show a growth of 3% by the year 2025. This growth can be attributed to the surging number of gymnasiums owing to rising cases of obesity around the globe. The growing demand for customized solutions to enhance the space aesthetics and to meet the functional requirements of the gyms will further fuel the product demand over the projected timeline.
Additionally, customized shopfitting materials market is predicted to cross US $20.5 billion from flooring application by 2025 owing to the demand for resilient flooring by rising number of retail spaces. The various flooring types include cork, resins, rubber, vinyl, and linoleum and have features such as durability, easy installation, moisture resistance, low cost, and mold.
The major contenders of the customized shopfitting materials market comprise Jacobs Joinery, SURTECO, Australian Plastic Fabricators, Madico, REHAU Verwaltungszentrale, Wilsonart, Decorative Films, and Shopfitters Greenlam.
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