Global Shelving Market Expected to Reach USD 12,506.0 Million by 2030.

According to a recent market study published by Growth Market Reports, titled, “Global Shelving Market” by Product type, by Material type, by Sales Channel, and by region: Size, Share, trends and opportunity Analysis, 2015-2030”, the market was valued at USD 7,481.0 Million in 2021 and is expected to grow at a growth rate of 5.9% by the year 2030.

As per Growth Market Reports industry analyst Divjot Singh, “Global Shelving Market” is anticipated to witness significant growth during the forecast period 2022-2030.

Shelves are typically built of strong materials such as steel or plastic, or other materials such as wood. Glass or plastic shelves are used to store light-weight objects. Shelves can be customized in various designs based on the objects that are to be stored or displayed.

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Key factors such as rising usage for shelves in residential & commercial application and growing demand for industrial shelving by end-use industry are anticipated to propel the growth of the market during the forecast period. Conversely, the increasing raw material prices act as a challenge to the shelving market are likely to restrain the market. The Growing Opportunities for Shelving System in Asia Pacific is one of the opportunity for the growth of shelving market.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the Shelving supply chain include manufacturers, suppliers/distributors, and end-users. Raw materials used for manufacturing Shelving are shipped to manufacturers to be processed into final products. These products are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Raw materials are inspected to ensure their quality.

The primary as well as secondary research methodology is used for keen observation and study of the Global Shelving Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has negatively impacted the market due to the decrease in demand of Shelving from end use industry. COVID-19 had a negative impact on the market, due to disruption in supply and demand for Shelving. Rapid spread of coronavirus had a major impact on global markets, as major economies of the world are in lockdown due to the pandemic. Manufacturers of shelving were affected during the pandemic, due to restrictions and closure of global industries. Manufacturing units were shut down. Import and export of raw materials were affected majorly, due to transport restrictions globally. This, in turn, impeded the growth of the market. R&D of innovative technology was halted, due to social distancing laws imposed during the pandemic. However, manufacturers of shelving are focusing on the development of cost-effective and eco-friendly products to improve the quality of shelving. This is projected to fuel the market in the near future.

Key Takeaways from the Study

• The players include Seville Classics, Keter, Gladiator, Husky Rack & Wire, Edsal Manufacturing Company, Sterilite Corporation, FLEXIMOUNTS, PREPAC MANUFACTURING LTD.
• Based on Product type the Global Shelving Market is segmented into Fixed Shelves, Portable Shelves. The portable shelves segment is the fastest growing segment during the forecast period. The market growth is attributed to the growing popularity of portable shelves among consumers owing to its mobility function and they are easy to set up and take down, which is ideal for storage or transportation. Also, they fold flat for easy storage, which is perfect for small spaces.
• Based on material type, the Shelving Market is segmented into Plastic, Steel, Others. The steel segment is expected to hold a significant market share during the forecast period, owing to rising demand for steel shelves by end-users as steel provides the versatility of allowing to carry small as well as large weights.
• Based on Sales Channel, the Shelving Market is segmented into Online, and Offline. The online segment is the fastest growing segment during the forecast period, owing to the growing penetration of internet across the region. Furthermore, increasing usage of smart phone and online payment option is expected to boost the segment in the coming years.
• Asia Pacific is expected to dominate the market during the forecast period. The growth of the market is attributed to the rising demand for shelving for household items storage in homes.

Report Scope

Target Audience

• Supply-side: Manufacturers and distributors
• Demand Side: Residential & Commercial.          
• Regulatory Side: Concerned government authorities, and other regulatory bodies.