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) And Competitive Landscape
Product Code: ETC002575 | 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 | South Africa Display Racks Market |
Forecast period | 2025-2031 |
CAGR | 6.3% |
Growing Sector | Retail |
The South Africa Display Racks Market Report thoroughly covers the market by Rack Types and Applications. The South Africa Display Racks Market Outlook report provides an unbiased and detailed analysis of the ongoing South Africa Display Racks Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
South Africa Display Racks Market is expanding at an astonishing rate owing to the rapid growth of the retail sector. In addition, increase in inclination toward organized retail is also fuelling market growth. Major market players are emphasizing on innovation and customization for meeting various customer requirements. Moreover, technological advancements in manufacturing also propels the growth of this market. Overall, the South Africa Display Racks Market offers significant growth and development opportunities.
According to 6Wresearch, the South Africa Display Racks Market is anticipated to grow at a CAGR of 6.3% during 2025-2031. One of the key drivers of the South Africa Display Racks Market is the rapid growth of the retail sector mainly in urban areas which has propelled the demand for efficient and versatile display solutions to facilitate product visibility along with customer engagement. In addition, the manufacturing technology improvements have enabled production of more durable and customizable display racks that meet exact retail environment specifications. Furthermore, increasing shift toward organized retail as well as the presence of supermarkets and hypermarkets increase the demand for high quality display infrastructure. Moreover, increasing emphasis on visuals and in-store ambience has been pushing retailers to deploy advanced display solutions which not only help present products more effectively but also serve to enhance the overall shopping experience.
However, the South Africa Display Racks Market faces many challenges that hinder its growth. The main issue is the variability of raw material prices, which leads to an increase in production costs and hence products prices for end customers. In addition, the restricted number of technological improvements available in this market has been a restraining factor for creating advanced display solutions with increased productive efficiency. Furthermore, manufacturers face stiff competition both nationally and internationally which impacts pricing strategies and profit margins. Moreover, the instabilities in economic development within this region also affect market dynamics by further altering consumer spending trends and the demand for retail display solutions.
Some of the major players operating in South Africa Display Racks Market are Shopfitting Warehouse (Pty) Ltd., FAW Shopfitters (Pty) Ltd., Krost Shelving and Racking, Ucan Steel Sectional Building Supplies and AJR Trading. These companies have a major presence in the South African market and offer a wide range of display rack products such as gondola shelving, wall-mounted shelves, slatwall systems, and pegboard displays.
The South African government has significantly influenced the growth of the Display Racks Market through strategic initiatives. One such initiative is the "Retail Revitalization Program," offering subsidies to domestic manufacturers producing eco-friendly display racks, promoting sustainable practices within the industry. In addition, the "Enterprise Development Fund" gives monetary backing and mentorship to small and medium-sized businesses involved in the manufacturing and distribution of display units, fostering invention and competitiveness. Furthermore, the government launched the "Skills Development Initiative," aimed toward training workers in state-of-the-art manufacturing techniques, ensuring a talented workforce capable of meeting modern production demands. Moreover, the government through the "Market Expansion Strategy" strives to open additional export routes for locally made display racks, heightening the industry's global footprint and stimulating financial development.
The South Africa Display Racks Market is projected to expand substantially in the coming years. This growth is driven by the booming retail sector. In addition, surge in preference toward organized retail has contributed to the market growth. The leading players in the market are looking for introducing new solutions as per end user's requirements. Moreover, improvement in manufacturing technology also provides a major contribution to the growth of this market. Overall, the future of the South Africa Display Racks Market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the metal racks segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the durability, flexibility and cost-effective nature of metal racks as compared to wooden or other racks.
Based on Applications, the hypermarkets and supermarkets segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the growing number of new modern retail outlets, which require attractive and space-efficient display racks to flaunt their products.
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. South Africa Display Racks Market Overview |
3.1 South Africa Display Racks Market Revenues and Volume, 2021-2031F |
3.2 South Africa Display Racks Market Revenue Share, By Types, 2021 & 2031F |
3.3 South Africa Display Racks Market Revenue Share, By Applications, 2021 & 2031F |
3.4 South Africa Display Racks Market - Industry Life Cycle |
3.5 South Africa Display Racks Market - Porter’s Five Forces |
4. South Africa Display Racks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. South Africa Display Racks Market Trends |
6. South Africa Display Racks Market Overview, By Type |
6.1 South Africa Display Racks Market Revenues and Volume, By Metal Racks, 2021-2031F |
6.2 South Africa Display Racks Market Revenues and Volume, By Wodden Racks, 2021-2031F |
6.3 South Africa Display Racks Market Revenues and Volume, By Other Materials, 2021-2031F |
7. South Africa Display Racks Market Overview, By Applications |
7.1 South Africa Display Racks Market Revenue and Volumes, By Department Stores, 2021-2031F |
7.2 South Africa Display Racks Market Revenue and Volumes, By Grocery Stores, 2021-2031F |
7.3 South Africa Display Racks Market Revenue and Volumes, By Hypermarkets and Supermarkets, 2021-2031F |
7.4 South Africa Display Racks Market Revenue and Volumes, By Pharmacy Outlets, 2021-2031F |
7.5 South Africa Display Racks Market Revenue and Volumes, By Wine and Liquor, Outlets, 2021-2031F |
7.6 South Africa Display Racks Market Revenue and Volumes, By Others, 2021-2031F |
8. South Africa Display Racks Market Key Performance Indicators |
9. South Africa Display Racks Market Opportunity Assessment |
9.1 South Africa Display Racks Market Opportunity Assessment, By Types, 2031F |
9.2 South Africa Display Racks Market Opportunity Assessment, By Applications, 2031F |
10. South Africa Display Racks Market Competitive Landscape |
10.1 South Africa Display Racks Market By Companies, 2024 |
10.2 South Africa Display Racks Market Competitive Benchmarking, By Operating Parameters, 2024 |
11. Company Profiles |
12. Key Strategic Recommendations |
13. Disclaimer |