Floating Shelves Market Report

Market Insights

What is Floating Shelves?

A floating shelf is a type of shelf in which the wall fasteners are concealed within the shelf board and there are no visible supporting brackets. A floating shelf may have two or more channels open from the rear towards, but not reaching, the front, into which slip fasteners attached to the wall, often held in place by screws driven through the shelf's bottom. A floating shelf may have two or more channels open from the rear towards, but not reaching, the front, into which slip fasteners attached to the wall, often held in place by screws driven through the shelf's bottom.

The Floating Shelves Market is estimated to grow from USD XX million in 2020 to USD XX million by 2026 at a healthy CAGR of XX during the forecast period.

Figure: Floating Shelves Market Size, 2020-2026 (USD Million)

Wish to get a free sample? Register Here

Market Drivers

The increased demand for real-time stock information and inventory management is a major driver that will propel the Floating shelves industry in the next years. Increasing demand in retail for inventory accuracy and supply chain management is expected to drive rising demand for floating shelves. However, privacy worries about embedded data tags are expected to stymie the industry during the projected period, resulting in a low rate of adoption of smart shelves by small and medium-sized businesses.

Covid-19 Impact Analysis

Increased COVID-19 cases around the world are causing an economic slowdown, and millions of employees are working from home for the first time during this epidemic. COVID-19 has had a significant impact on people-facing industries such as retail. COVID-19 has had a direct impact on retail supply, demand, and day-to-day operations. COVID-19 has a tremendous impact on retail. Retailers in the fashion, furniture, and electronics industries are suffering massive losses. This is mostly due to customers' increased emphasis on purchasing or stockpiling food and household goods. As a result, COVID-19 has a detrimental influence on the market for floating shelves. This is expected to stymie the market.

Segments' Analysis

Application Trends

Based on application, the Floating Shelves market has been divided into Household, Hotel, Others.  The Household accounted for the largest market share in 2020. Its development is linked to increasing internet penetration as well as millennials' shifting reliance on e-commerce forums as a significant selling channel. Furthermore, e-commerce provides easy access to a large number of sellers and manufacturers, making price comparison and negotiation much easier.

Regional Trends

By region, the Europe Floating Shelves market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The high penetration of Floating shelf labels in the regional retail business, particularly in nations such as France, Italy, Belgium, Germany, and other European countries, is expected to boost Floating shelf growth in the region.

The Asia-Pacific Floating Shelves market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. Furthermore, smart devices provide several benefits for smart retail, such as increased operational efficiency, improved store quality, and improved end-user consumption experiences.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Floating Shelves market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Floating Shelves market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Floating Shelves market?
• What are the key strategies adopted by the major vendors to lead in the Floating Shelves market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Key Players

Key players operating in the Floating Shelves Market are-

• Rakks Shelving Systems
• Shelco Shelving
• Rackline
• Klaxons
• Lyon LLC
• Lozier
• Donracks
• Hammond,
• Chatsworth Products
• Wah Yew
• Steelcase

Target Audience

The target audience of Floating Shelves Market includes-

• Floating Shelves Vendors
• Floating Shelves Manufacturers
• Floating Shelves Distributors
• Hotels
• Organizations

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].