PUBLISHER: The Business Research Company | PRODUCT CODE: 1706892
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706892
Shop fitting materials refer to various products and components used to outfit retail and commercial spaces, tailored to meet specific business requirements. These materials help create a well-structured and visually appealing store layout, ensuring products are easily accessible and enhancing the overall shopping experience. They improve aesthetics, optimize space management, and increase customer engagement, ultimately driving higher sales and satisfaction.
The main types of materials in the shop fitting market are laminates and woods, plastics, metals, and others. Laminates and woods are primary materials used for constructing and finishing various fixtures and furnishings, such as counters, furniture, displays, and shelves. These materials come in a range of price points, including low, medium, and high, and cater to different customer types, including retailers, architects, contractors, and others. They are used across various end users, such as clothing and fashion stores, jewelry stores, pharmaceutical stores, grocery stores, food and beverage cafes, furniture stores, optical stores, and more.
The shop fitting material market research report is one of a series of new reports from The Business Research Company that provides shop fitting material market statistics, including the shop fitting material industry global market size, regional shares, competitors with shop fitting material market share, detailed shop fitting material market segments, market trends, and opportunities, and any further data you may need to thrive in the shop fitting material industry. These shop fitting material market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The shop fitting material market size has grown strongly in recent years. It will grow from $147.28 billion in 2024 to $157.16 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. 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 $202.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. 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.
The increasing number of retail stores is anticipated to drive the growth of the shop-fitting material market in the future. Retail stores, which include various types such as department stores, specialty shops, convenience stores, and supermarkets, are experiencing growth due to factors such as increased consumer spending, urban development, and the expansion of shopping malls. Shop fitting materials play a crucial role in enhancing retail stores by improving aesthetics, optimizing space management, facilitating a smooth customer experience, boosting sales and customer satisfaction, and supporting brand identity. For example, in January 2024, the National Association of Convenience Stores reported an estimated increase in the number of convenience stores to 152,396, up from 150,174 in 2023, marking a 1.5% rise in store count. Consequently, the growing number of retail stores is contributing to the expansion of the shop-fitting material market.
Leading companies in the shop-fitting materials market are innovating by renovating interiors with augmented wood, a material that combines traditional wood with advanced technologies such as digital printing and embedded sensors. This innovation aims to enhance the aesthetic appeal, durability, and functionality of retail spaces. For instance, in January 2022, Woodoo, a France-based company offering high-performance material alternatives to steel, glass, leather, and plastics, launched LIGHTR, a wall lighting solution with a wooden covering. LIGHTR is designed to enhance shop fittings and retail environments with its authentic wood finish, adding warmth and a natural touch to create a cozy atmosphere that attracts customers and effectively showcases products. The modular system can be integrated into walls covered with Woodoo's patented translucent wood, SLIM, or used as a decorative lighting object to enliven interiors. LIGHTR's modularity allows for flexible integration and customization to suit various design needs.
In December 2023, Hivest Capital Partners SAS, a France-based equity firm, acquired a majority stake in Marie Laure PLV for an undisclosed amount. This acquisition aims to strengthen the organizational structure, solidify the company's position in established markets, and support international expansion while moving up the value chain. The goal is to transform Marie Laure PLV from a medium-sized business into a global firm. Marie Laure PLV is a France-based company specializing in designing and producing shop fittings, including point-of-sale displays and visual merchandising solutions.
Major companies operating in the shop fitting material 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
Asia-Pacific was the largest region in the shop fitting material market in 2024. The regions covered in the shop fitting material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the shop fitting material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The shop fitting material market consists of sales of wall panels and cladding, lighting solutions, flooring materials, signage and graphics, checkout and point of sale systems, seating, and modular fittings. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Shop Fitting Material Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on shop fitting material market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for shop fitting material ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The shop fitting material market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.