The global floor displays market is estimated to secure a valuation of US$ 2,594.8 million in 2023 and reach US$ 4,390.5 million by 2033. The global market is expected to capture a CAGR of 5.4% in the global market during the forecast period.
Which End User Industry Drive the Global Market?
The global market is influenced by various industries, including:
- Retail:Retail stores use floor displays to attract customers, promote products, and enhance the shopping experience. These displays are often strategically placed in high-traffic areas to grab shoppers’ attention and influence purchasing decisions.
- Hospitality: The hospitality industry, including hotels, restaurants, and event venues, utilizes floor displays for wayfinding, event promotions, branding, and advertising. Floor displays can guide guests, showcase upcoming events, or display menu specials.
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- Healthcare:In hospitals, clinics, and pharmacies, floor displays are used for patient information, directions, and health-related promotions. They can also be employed to provide information about healthcare products and services.
- Transportation:In airports, train stations, and bus terminals, floor displays are used for passenger information, flight/train/bus schedules, and advertising. They help travelers navigate through the facilities and can also serve as revenue-generating advertising platforms.
- Entertainment:The entertainment industry, including amusement parks, museums, and theaters, often uses floor displays to provide information about attractions, shows, and exhibits. These displays can also contribute to the overall immersive experience for visitors.
- Automotive:Car dealerships and automotive showrooms use floor displays to showcase vehicles and highlight their features. These displays can create an appealing and informative environment for potential buyers.
- Banking and Finance:Banks and financial institutions utilize floor displays for promotions, branding, and providing information about various financial products and services.
These are the prominent sectors that significantly drive the global market.
Key Takeaways:
- The global floor displays market is estimated to register a CAGR of 5.4% with a valuation of US$ 4,390.5 million by 2033.
- In the historical period, the market secured a CAGE of 4.7% between 2018 and 2022.
- The United States is anticipated to dominate the global market by capturing the maximum share by 2033.
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How Prominent Players Bring Lucrative Growth in the Global Market?
The global market is highly fragmented by the present prominent players globally. These players are adopting advanced technologies to innovate, develop, and improve products as per consumers’ expectations. They are focused on developing cost-effective, high-quality, and sustainable products to attract consumers.
Key players adopt various marketing methodologies to bring unique and flexible products to expand the global market size. These marketing methodologies include mergers, acquisitions, partnerships, and product launches. These players are estimated to drive the global market to another height in the coming period.
Recent Developments in the Global Market are:
In 2021, Smurfit Kapa announced its newly launched floor displays dump bins. It is a small, easy-to-open, and excellent container for use in shops. It is widely used for promotional purposes.
Floor Displays Market by Category
By Type of Material:
- Corrugated Board Floor Displays
- Foam Board Floor Displays
- Plastic Sheet Floor Displays
- Glass Floor Displays
- Metal Floor Displays
By Sales Channel:
- Hypermarkets
- Supermarkets
- Departmental Stores
- Specialty Stores
- Convenience Stores
By Application:
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceuticals
- Printing & Stationary
- Electronics
- Automotive
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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