Regency shelving is essential for all types of shops, supermarkets/ hypermarket, small grocery stores and many others. The material handling industry and regency shelving continues to be highly correlated with the economy. It is attributed that if the GDP is growing then the overall system of demand and supply chain is expected to rise. The rise in demand and supply of the material bolster the growth of the regency shelving market.
The increasing number of warehouse, urban development, and growth in e-commerce across the globe are the primary factors for rise in the demand of regency shelving. The growth in the e-commerce is boosting the development of warehouses and storage facilities.
The online sales in the developed countries is increasing very rapidly which is a testament for importance of regency shelving systems.Asia Pacific is expected to register the fastest growth in the regency shelving market over the forecast period.
The government in countries of Asia Pacific have taken the initiatives for the development of the warehousing industries to support the supply and demand of products in the country. China is observed to be spending its capital in public infrastructure along with the adoption of efficient and smart units for industries which is expected to drive the market of regency shelving.
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Technological Advancement in Industries and Warehouse Bolster Regency Shelving Market Growth
Higher growth of the retail industry is a major factor expected to drive the market of regency shelving. The retail industry is fastest growing, adopting new technologies and most dynamic owing to the several new players in the market. The constant rise in the demand for modern industrial infrastructure and development of warehouse and storage has a significant impact on the global regency shelving market.
The multiple advantage such as easy adaptability, simple installation process, easy to carry and move when compared with other material handling equipment is significantly aiding the growth of the regency shelving market.
Industries are using regency shelving for storage purposes which has helped in reducing fatal injury rate of the warehousing industry. The regency shelving also helps to reduce the improper stacking of the products and repetitive motion injuries. The growth in manufacturing and retail outlet units is expected to be the major driving factor of the regency shelving market over the forecast period.
Regency Shelving Market: Opportunities
The shortage of modern warehouse facilities is expected to lead to tough competition for space among players. The rise of e-commerce in developed countries of North America and Western Europe provides a huge opportunity to develop regency shelving with more innovative designs which could store more products in less space.
The European trend to invest in the development of better urban storage spaces is significantly providing an opportunity for innovation and new construction. The developing markets such as India, China, Brazil and others are new consumer class with increased demand for modern distribution networks subsequently mirroring robust growth of regency shelving market.
The presence of large number of players in the market intensifies the competition among the local players. The regency shelving market is expected to witness significant development from a competitive perspective.
Product innovations, mergers, acquisitions are anticipated to be the preferred strategies of the key players in the regency shelving market. The manufacturers in the regency shelving market are more focused on expanding product portfolio and rationalization.
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The key players in the global regency shelving market are:
- North American Steel Equipment Inc.
- Artitalia Group Inc.
- Lozier Corporation
- Jungheinrich AG
- Handy Store Fixtures
- SSI Schaefer
- Kardex AG, Daifuku Co., Ltd.
- ARPAC
- EMRACK International, PROMAN, s.r.o.
- Hannibal Industries
- AR Racking
- AK Material Handling Systems
- Foothills Systems
- Ridg-U-Rak Inc.
- Nedcon B.V.
- Cornix SA
- Gonvarri Material Handling
- Mecalux, S.A.
- Averys SA
- STORFLEX Fixture Corporation
- Others
The research report presents a comprehensive assessment of the regency shelving market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such carrying capacity, end users and product type.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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