Customized shopfitting materials market from counters application may observe strong gains on account of its usage in retail sector owing to high investments in creating effective and consumer friendly retail channels. Rising retail counters demand owing to increased accuracy, security and faster customer service should foster industry size.
Customized shopfitting materials market size is set to surpass USD 180 billion by 2025; according to a new research report by Global Market Insights, Inc. Rising product demand owing to expanding retail sector should boost industry growth. Growing influence towards aesthetic appearance to enhance customer appeal and visual experience has led to increase in shop interior designing activities, which will favor the market growth.
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U.S. customized shopfitting materials market size may exceed USD 30 billion up to 2025. Growing fitness club chains should increase gymnasium construction activities which should rise flooring and furniture demand. Shifting consumer preferences towards healthy lifestyle is motivating individuals to join fitness clubs and gymnasiums, thus driving industry growth.
Composite wood products manufacturing including hardwood plywood, particleboard and medium-density fiberboard causes formaldehyde emission. Formaldehyde exposure may cause ill effects on health including skin, eyes, nose, and throat irritation. High levels of exposure may cause lung and skin cancer in long term. These factors are likely to hamper product demand. Stringent regulations pertaining to deforestation may limit wood supply which may challenge industry profitability, thus affecting the market price trends.
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Laminate based customized shopfitting materials market size may witness substantial gains over 4.5% by 2025. This material is predominantly utilized for surface finish furniture used in commercial & corporate offices, restaurants, showrooms and industries. It offers durability, scratch & chemical resistance, anti-microbial and easy cleaning properties which should accelerate product demand. Rising decorative laminates demand for shopfitting applications owing to shop interior beautification, protection of furniture from wear & tear and fire prevention should propel industry growth.
India customized shopfitting materials market size from flooring application may surpass USD 13.5 billion at the end of 2025. Growing resilient flooring demand including vinyl, cork, linoleum, rubber and resin owing to low cost, easy installation, mold, mildew & moisture resistance and durability should drive product demand.
Hypermarket may witness gains over 3.5% by 2025. Shopfitting equipment including furniture, shelves and counters are majorly used for continuous hypermarket operations. Wood and plastics are widely used shopfitting materials in hypermarkets owing to durability which should foster product demand. Rapid urbanization and changing lifestyles have increased footfall in hypermarkets, thus driving industry growth.
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Customized shopfitting materials market share is fragmented with prominent players including Decorative Films, Madico, Jacobs Joinery & Shopfitters, SURTECO, Verwaltungszentrale Greenlam, Wilsonart and REHAU. Manufacturers are focusing on joint venture, mergers & acquisitions, and partnership to implement innovative technologies with increasing production capacities and lowering production cost to cater the market growth.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.