Heated Shelving Parts and Accessories Market Soaring at US$ 31.99 billion by 2033

The global heated shelving parts and accessories market is valued at US$ 3.38 Billion as of now and is expected to reach US$ 31.99 Billion by the year 2033 at a whopping CAGR of 25.2% between 2023 and 2033.

With improvement in inventory and digital shelves, the retailers are able to exercise a better control over their operations. With heated shelves into picture, stock tracking could be automated and retailers could be informed as to when are the items ready to get delivered to customers.

Walmart is moving with the goal of using technology to notify people the way food could be managed and ready to serve the consumers. Research states that 75% of the decision-makers are planning to make use of technology and go for developing heat shelves parts and accessories in near future.

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At the same time, the fact that RFID tracking continues to keep a track of the consumers for some time even after checkout may disturb them with regards to safeguarding the privacy can’t be ignored. This factor may restrain the heated shelving parts and accessories market going forward.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Heated Shelving Parts and Accessories Market’. It has its team of analysts and consultants to look through a 360-degree approach in its primary, secondary, and tertiary modes of research.

Key Takeaways from Heated Shelving Parts and Accessories Market

  • North America holds the largest market share with retail vertical undergoing transformation with respect to internal communication gap, managing operational efficiency, identifying customers’ royalty, and likewise. This has prompted the retailers to opt for advanced technologies such as heated shelves along with IoT. For tracking operations and asset management. As such, there is a healthy inflow of interactive vending machines, smart kiosks, and contactless payment technologies in the retail stores.
  • Europe holds the second-largest market share with the UK and Germany leading from the front. The latter one is, in fact, known for being one of the earliest adopter of ESLs (Electronic Shelf Labels) for reducing operation costs as one of the foundations for retail digitization. Along these lines, May 2022 did witness release of All-Star (a new IoT platform) at EuroCIS 2022 trade show by Germany-based Hanshow.
  • The Asia-Pacific is expected to grow at the fastest rate in the heated shelving parts and accessories market with South Korea, Singapore, Australia, Japan, and China witnessing tremendous economic reforms. The scenario is expected to remain unchanged even going forward.

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Competitive Accessories

  • Avery Dennison Corporation, in May 2023, entered into partnership with Wiliot for taking IoT to the subsequent level, thereby coming up with an altogether new era benefiting the masses and ultimately the planet.
  • SES-imagotag, in September 2022, floored VUSION OS (a retail IoT operating system). It comes across as cloud-native device as well as sensor management solution helping retailers in digitization of locations for becoming all the more automated. The retailers could thus leverage advantage of information and insights real-time.
  • The other players in heated shelving parts and accessories market include Hatco Corporation, Alto-Shaam, Inc., Duke Manufacturing Co., Vulcan Hart Corporation, Vollrath Company, LLC, FEW/Food Warming Equipment Co., Inc., APW Wyott, Cambro Manufacturing Company, Carter-Hoffmann Corporation, Nemco Food Equipment, and likewise.

What does the Report shelve?

  • The research study is based on product type (heated shelves, heat lamps, heating elements, thermostats and controls, and wire guards and covers), application (foodservice and catering retail and supermarkets, hospitality and hotels, healthcare, and likewise), and end-use industry (restaurants, bakeries and cafes, convenience stores, grocery stores, hospitals and clinics, hotels and resorts, and likewise).
  • Rise in workflow through fulfilment of customers’ needs is expected to take the heated shelving parts and accessories market going forward.
  • Realization of the fact that retailers do help in tracking inventory levels in-store is likely to help the market substantiate in the forecast period.

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