Market Forecast By Rack Types (Metal Racks, Wooden Racks, Others), By Applications (Department Stores, Grocery Stores, Hypermarkets And Supermarkets, Pharmacy Outlets, Wine And Liquor Outlets & Others), By Regions (Eastern, Western, Northern, Southern) And Competitive Landscape
Product Code: ETC002546 | Publication Date: May 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | India Display Racks Market |
Forecast period | 2025-2031 |
CAGR | 7.5% |
Growing Sector | Retail |
India Display Racks Market report thoroughly covers the market by rack types, applications and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Display Racks Market is experiencing significant growth and projected to attain more growth in the coming years due to the rapid expansion of retail and e-commerce sectors. These display racks are essential fixtures in stores and warehouses, offering enhanced organization and accessibility for various products. Factors such as urbanization, increased consumer spending, and the proliferation of organized retail formats are contributing to the market's development. Retailers are increasingly adopting innovative and customized display solutions to attract customers and optimize space usage, further fuelling market demand.
According to 6Wresearch, India Display Racks Market size is expected to grow at a CAGR of 7.5% during 2025-2031. Several factors are driving the growth of India Display Racks Market such as the exponential growth of the retail sector, spurred by urbanization and the rising middle-class population with disposable incomes. This has led to a surge in the number of retail stores, supermarkets, and hypermarkets, all of which necessitate the use of display racks for optimal product placement and customer engagement. Apart from this, the e-commerce boom in India has significantly influenced market dynamics. Warehouse efficiency and organization are paramount for online retailers, driving the demand for robust and versatile display racks. Additionally, technological advancements and innovation in materials have led to the development of more durable, flexible, and aesthetically pleasing display racks.
However, India Display Racks Market faces few restraints such as the fluctuating cost of raw materials, such as steel and plastic, which are essential for the manufacturing of display racks. Volatile prices can lead to increased production costs, which, in turn, may affect the pricing strategies and profitability of market players. Additionally, the fragmented nature of the market. Numerous local and regional manufacturers compete with established multinational companies, leading to intense competition and price wars. This fragmentation can pose a barrier to entry for new players and can also limit the scalability of smaller manufacturers.
The key players include Godrej & Boyce Mfg, Nedcon, APL Apollo Tubes Limited, Mecalux, Intraco Group of Companies, Aarvo Racking Systems Pvt. These companies offer a diverse range of display racks designed for various retail formats, from small stores to large hypermarkets.
India Display Racks Market is growing and government’s regulation and policies are helping in extension of the market. One of the significant initiatives is allowing 100% Foreign Direct Investment (FDI) in single-brand retail and 51% in multi-brand retail under the automatic route. This policy has attracted global retail giants to establish their operations in India, thereby increasing the demand for high-quality display racks. Additionally, the government's push for the 'Smart Cities Mission' is transforming urban landscapes and promoting organized retail formats. This urban development initiative prioritizes the creation of modern, well-planned commercial spaces, encouraging retailers to invest in advanced display solutions that align with international standards.
The future of India Display Racks Market looks promising due to a combination of technological advancements, changing consumer preferences, and evolving retail landscapes. Emerging technologies such as the Internet of Things (IoT) and artificial intelligence (AI) are expected to revolutionize the market by enabling smart racks that can monitor inventory levels in real time, optimize space utilisation, and enhance the overall shopping experience through targeted product placement. Additionally, the trend towards sustainability is likely to shape the market's trajectory. Retailers and manufacturers are increasingly focusing on eco-friendly materials and sustainable practices, responding to both regulatory pressures and growing consumer demand for environmentally responsible products.
According to Ravi Bhandari, Research Head, 6Wresearch, metal racks are expected to experience the most significant expansion in coming years due to their durability, strength, and versatility, making them highly suitable for a wide range of retail environments, from small shops to large warehouse-style stores.
Hypermarkets and supermarkets are anticipated to see the most substantial growth in coming years due to the increasing consumer demand for a wide variety of products in a single location. These retail giants require robust and versatile display solutions to manage extensive inventories efficiently and create visually appealing shopping environments that attract and retain customers.
Western region is poised for substantial growth in the future attributed to presence of numerous department stores, boutique outlets, and luxury retailers will continue to drive the demand for aesthetically appealing and customizable display solutions.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. India Display Racks Market Overview |
3.1 India Display Racks Market Revenues and Volume, 2021-2031F |
3.2 India Display Racks Market Revenue Share, By Types, 2021&2031F |
3.3 India Display Racks Market Revenue Share, By Applications, 2021&2031F |
3.4 India Display Racks Market - Industry Life Cycle |
3.5 India Display Racks Market - Porter’s Five Forces |
4. India Display Racks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. India Display Racks Market Trends |
6. India Display Racks Market Overview, By Type |
6.1 India Display Racks Market Revenues and Volume, By Metal Racks, 2021-2031F |
6.2 India Display Racks Market Revenues and Volume, By Wooden Racks, 2021-2031F |
6.3 India Display Racks Market Revenues and Volume, By Other Materials, 2021-2031F |
7. India Display Racks Market Overview, By Applications |
7.1 India Display Racks Market Revenue and Volumes, By Department Stores, 2021-2031F |
7.2 India Display Racks Market Revenue and Volumes, By Grocery Stores, 2021-2031F |
7.3 India Display Racks Market Revenue and Volumes, By Hypermarkets and Supermarkets, 2021-2031F |
7.4 India Display Racks Market Revenue and Volumes, By Pharmacy Outlets, 2021-2031F |
7.5 India Display Racks Market Revenue and Volumes, By Wine and Liquor, Outlets, 2021-2031F |
7.6 India Display Racks Market Revenue and Volumes, By Others, 2021-2031F |
8. India Display Racks Market Key Performance Indicators |
9. India Display Racks Market Opportunity Assessment |
9.1 India Display Racks Market Opportunity Assessment, By Types, 2031F |
9.2 India Display Racks Market Opportunity Assessment, By Applications, 2031F |
10. India Display Racks Market Competitive Landscape |
10.1 India Display Racks Market By Companies, 2024 |
10.2 India Display Racks Market Competitive Benchmarking, By Operating Parameters |
11. Company Profiles |
12. Key Strategic Recommendations |
13. Disclaimer |