The global floor displays market is expected to accumulate USD 2,594.8 million in value in 2023. During the forecast period, a CAGR worth 5.4% has been projected for the market, with an expected closing value worth USD 4,390.5 million by 2033. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 4.7%.
Mounting necessitating the development of innovative merchandising solutions in developed countries like the USA & Germany and driving impulsive consumer demand in supermarkets boost the demand for Floor displays.
Floor displays are becoming more prevalent in brand messaging. Over the last few years, they have emerged as a versatile and cost-effective customer engagement option. To meet the various retail requirements and the brand's strategic leanings, an array of in-store displays in various shapes and sizes has come to the fore.
They must meet a variety of requirements, including the prevention of toppling and floor vibrations. It is a critical turning point in the expansion of the floor display market. Growing demand for customized floor displays in retail and at events is a key trend boosting the market's prospects.
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 5.4% |
Market Valuation (2023) | USD 2,594.8 million |
Market Valuation (2033) | USD 4,390.5 million |
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The global floor display market has been expanding in recent years, which is anticipated to remain beyond 2023. In modern retail stores, supermarkets, and hypermarkets, floor displays are emerging as an effective product merchandising solution. Brands' aggressive marketing strategies for reaching out to consumers have resulted in the emergence of various types of displays, driving the market growth.
Floor displays are increasingly important in driving impulsive consumer demand in supermarkets and grocery stores. Brands are allocating more budgets to marketing departments, particularly for new products, necessitating the development of innovative merchandising solutions.
Companies manufacturing and supplying consumer goods (grocery, food, beverage, electronics, etc.) prefer floor displays. When it comes to raising product visibility, floor displays are extremely effective.
North America is anticipated to dominate the global market in 2023 and beyond. Regarding revenue, the region continues to contribute significantly to the global market. The North American floor displays industry is poised to increase at a 5.8 percent CAGR during the forecast period.
In the last half-decade, United States retail sales increased by 4.7 percent yearly. The specialty store segment is expected to grow 6.7 percent CAGR between 2023 to 2033. This sector now accounts for 12.5% of total retail sales in the United States.
Because of the components above, the United States is the leading shareholder in the North American floor display market. The market in the United States was estimated at USD1.2 billion by 2020. In 2022, the North American region is expected to acquire a 19% share of the market.
Germany is expected to grow at a CAGR of around 4% in Europe, making it an attractive investment destination. Product distribution and marketing through floor displays are set to increase in regions such as Europe.
Regarding jobs and value-added, the food and beverage industry is the EU's highest manufacturing sector. As one of the key drivers of floor displays in European supermarkets, the Europe Fast Food market has gained traction and demonstrated resilience to growth.
The increase in restaurants and hotels is due to faster bans and globalization, enhancing the demand in the Europe floor display market. Furthermore, the demand for delightful fast food in a range of foods is expected to drive the demand for the floor displays industry in Europe. Market trends are expected to be driven by an active schedule and a growing corporate culture.
In 2023, Europe is expected to acquire a market share of 16% in floor displays and is projected to maintain the governing growth throughout the forecast period, states Future Market Insights.
The swelling dispersion of start-ups in the global market has improved product quality and inclined global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and launching new products such as:
NSD Displays Solutions was established in July 2018. It launched the NSD-6501Q 65-inch all-in-one digital signage displays in February 2022, which provides various digital solutions for retail, restaurants, hospitality, and more.
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Some of the key players operating in the global floor POP displays include Sonoco Products Company, DS Smith Plc, Smurfit Kappa Group PLC, Georgia-Pacific LLC, WestRock Company, FFR Merchandising Company, USA Corrugated, Inc., Marketing Alliance Group, Creative Displays Now and Pratt Industries Inc.
Some novel developments in the industry:
Attributes | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value |
Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
Key Segments Covered | Type of Materials, Sales Channel, Application, Region |
Key Companies Profiled | Sonoco Products Company; DS Smith Plc; Smurfit Kappa Group PLC; Georgia-Pacific LLC; WestRock Company; FFR Merchandising Company; USA Corrugated Inc.; Marketing Alliance Group; Creative Displays Now; Pratt Industries Inc. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The food & beverages sector holds high revenue potential.
The United States and Germany are estimated to dominate the global market.
The market is forecast to register a CAGR of 5.4% through 2033.
During 2018 to 2022, the market registered a CAGR of 4.7%.
The effective product merchandising solutions are the current market trends.
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