April 21, 2022
According to the research report titled ‘Customized Shopfitting Materials Market Size, By Product (Laminates, Wood, Plastic, Metal, Decorative Films, Decorative Foils), By Application (Counters, Furniture, Flooring, Display, Shelves), By End-Use (Retail, Hypermarket, Supermarket, Shopping Malls, Pharmacy, Airports, Gymnasium), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, South Korea, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, global customized shopfitting materials market is anticipated to be valued at USD 180 billion by the end of the forecast period 2019-2025.
Growing demand for trendy furniture for extra storage space and preference for aesthetic looks in commercial spaces are acting as a major impetus to global customized shopfitting materials market growth.
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Notably, the product facilitates making of furniture, customized counters, displays, and shelves. It provides personalized solutions in offices, retail spaces, and in hospitality and commercial sectors.
Considering end-user scope, gymnasiums segment is on track to register 3% CAGR over 2019-2025, owing to high demand for aesthetic and functional requirements. Moreover, growing setup of gymnasiums, owing to rising obesity rate is propelling segmental expansion.
Based on product type fragmentation of global customized shopfitting materials market, decorative film segment is anticipated to be worth USD 6.5 billion by 2025. These films offer optimum privacy, and can be printed to have logos or graphics, and are combined with security and safety films. They also protect stock, furniture, and equipment from harmful sun rays thereby preventing fading.
Speaking of the application scope, flooring segment is speculated to be worth USD 20.5 billion by 2025. Increase in retail space in malls due to the high proportion of nuclear families in urban areas will bolster the segmental demand in the upcoming years. Preference for resilient flooring including rubber, vinyl, linoleum, cork, and resins owing to low cost, easy installation, moldability, moisture resistance, and durability will further propel the industry growth.
On the regional front, China customized shopfitting materials industry is slated to be valued at USD 25 billion by 2025, owing to high disposable income and growing number of retail chains prevailing in rapidly urbanizing parts of the region.
Prominent players in the industry are Australian Plastic Fabricators, Wilsonart LLC, ASLAN Selbstklebefolien GmbH, Schwarz GmbH & Co. KG, REHAU Verwaltungszentrale AG, Greenlam Industries Ltd., SURTECO GmbH, Jacobs Joinery and Shopfitters, Madico Inc., and Decorative Films LLC.