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 Countries (Kenya, Nigeria, South Africa, Algeria & Rest of Africa) And Competitive Landscape
Product Code: ETC002643 | Publication Date: May 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Display Racks Market |
Forecast period | 2025-2031 |
CAGR | 6.2% |
Growing Sector | Department Stores |
Africa Display Racks Market report thoroughly covers the market by Rack Types, Applications, and Countries. 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.
The Africa Display Racks Market is experiencing substantial growth, driven by the expansion of retail infrastructure and increasing demand for organized storage solutions.
According to 6Wresearch, the Africa Display Racks Market is projected to grow at a CAGR of 6.2% from 2025-2031. The department stores sector is witnessing the strongest growth, driven by the need for efficient product display solutions to enhance customer experience. The rising number of grocery stores, hypermarkets, and supermarkets is also contributing to market growth. Additionally, the growing retail sector in African countries is boosting the demand for advanced display racks.
However, the market faces challenges such as high initial costs and maintenance expenses associated with advanced display racks. These factors can hinder adoption, especially among small and medium-sized retail outlets. Moreover, fluctuations in raw material prices can impact the production costs of display racks, posing a challenge to manufacturers.
Leading players in the Africa Display Racks Market include Gondella, Madix Inc., and Lozier Corporation. Gondella is known for its durable and versatile metal racks catering to various retail applications. Madix Inc. provides a wide range of display solutions, including wooden racks, which are popular in high-end retail stores. Lozier Corporation specializes in innovative display systems designed to maximize space utilization and improve product visibility.
Governments across Africa are implementing initiatives to support the retail sector. These include policies aimed at improving retail infrastructure and promoting the establishment of organized retail outlets. Efforts to enhance consumer purchasing power through economic development programs are also driving market growth. Additionally, initiatives to attract foreign investment in the retail sector are expected to boost the demand for display racks. Furthermore, government support for local manufacturing industries is likely to reduce dependence on imports and enhance the availability of display racks in the region.
The Africa Display Racks Market is poised for significant growth in the coming years. Market growth is expected to be driven by technological advancements such as the integration of smart display solutions and IoT-enabled racks. The growing preference for energy-efficient and eco-friendly display systems among retailers is anticipated to influence the sales of sustainable models. Additionally, the retail sector will maintain its importance as more stores adopt advanced display solutions to attract customers. Furthermore, the increasing preference for high-end display racks in the residential segment is expected to drive demand. In summary, growth will be driven by innovation and a sustainability-oriented focus in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, metal racks are dominating the market due to their durability and versatility in various retail applications.
Department stores are leading the market, driven by the need for efficient and attractive product display solutions to enhance customer shopping experience.
South Africa is at the forefront in the African segment, owing to its well-developed retail sector and increasing adoption of advanced display racks across various stores.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Africa Display Racks Market Overview |
3.1 Africa Indicators |
3.2 Africa Display Racks Market Revenue & Volume, 2021-2031F |
3.3 Africa Display Racks Market Revenue Share, By Rack Type, 2021 & 2031F |
3.4 Africa Display Racks Market Revenue Share, By Applications, 2021 & 2031F |
3.5 Africa Display Racks Market Revenue Share, By Countries, 2021 & 2031F |
3.6 Africa Display Racks Market - Industry Life Cycle |
3.7 Africa Display Racks Market - Porter’s Five Forces |
4. Africa Display Racks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Africa Display Racks Market Trends |
6. Africa Display Racks Market Overview, By Rack Type |
6.1 Africa Display Racks Market Revenues & Volume, By Metal Racks, 2021-2031F |
6.2 Africa Display Racks Market Revenues & Volume, By Wooden Racks, 2021-2031F |
6.3 Africa Display Racks Market Revenues & Volume, By Other Materials, 2021-2031F |
7. Africa Display Racks Market Overview, By Applications |
7.1 Africa Display Racks Market Revenues & Volume, By Department Stores, 2021-2031F |
7.2 Africa Display Racks Market Revenues & Volume, By Grocery Stores, 2021-2031F |
7.3 Africa Display Racks Market Revenues & Volume, By Hypermarkets and Supermarkets, 2021-2031F |
7.4 Africa Display Racks Market Revenues & Volume, By Wine and Liquor Outlets, 2021-2031F |
7.5 Africa Display Racks Market Revenues & Volume, By Other Applications, 2021-2031F |
8. Kenya Display Racks Market Overview |
8.1 Kenya Display Racks Market Revenue & Volume, 2021-2031F |
8.2 Kenya Display Racks Market Revenues, By Rack Type, 2021-2031F |
8.3 Kenya Display Racks Market Revenues, By Applications, 2021-2031F |
9. Nigeria Display Racks Market Overview |
9.1 Nigeria Display Racks Market Revenue & Volume, 2021-2031F |
9.2 Nigeria Display Racks Market Revenues, By Rack Type, 2021-2031F |
9.3 Nigeria Display Racks Market Revenues, By Applications, 2021-2031F |
10. South Africa Display Racks Market Overview |
10.1 South Africa Display Racks Market Revenue& Volume, 2021-2031F |
10.2 South Africa Display Racks Market Revenues, By Rack Type, 2021-2031F |
10.3 South Africa Display Racks Market Revenues, By Applications, 2021-2031F |
11. Algeria Display Racks Market Overview |
11.1 Algeria Display Racks Market Revenue& Volume, 2021-2031F |
11.2 Algeria Display Racks Market Revenues, By Rack Type, 2021-2031F |
11.3 Algeria Display Racks Market Revenues, By Applications, 2021-2031F |
12. Rest of the Africa Display Racks Market Overview |
12.1 Rest of the Africa Display Racks Market Revenue & Volume, 2021-2031F |
12.2 Rest of the Africa Display Racks Market Revenues, By Rack Type, 2021-2031F |
12.3 Rest of the Africa Display Racks Market Revenues, By Applications, 2021-2031F |
13. Africa Display Racks Market - Opportunity Assessment |
13.1 Africa Display Racks Market Opportunity Assessment, By Rack Type, 2031F |
13.2 Africa Display Racks Market Opportunity Assessment, By Applications, 2031F |
13.3 Africa Display Racks Market Opportunity Assessment, By Regions, 2031F |
14. Africa Display Racks Market Competitive Landscape |
14.1 Africa Display Racks Market Revenue Share, By Companies, 2024 |
14.1.1 Kenya Display Racks Market Revenue Share, By Companies, 2024 |
14.1.2 Nigeria Display Racks Market Revenue Share, By Companies, 2024 |
14.1.3 South Africa Display Racks Market Revenue Share, By Companies, 2024 |
14.1.4 Algeria Display Racks Market Revenue Share, By Companies, 2024 |
14.2 Africa Display Racks Market Competitive Benchmarking, By Operating & Technical Parameters, 2024 |
15. Company Profiles |
16. Key Recommendations |
17. Disclaimer |