The market size in 2022 was valued at $1.2 billion.
The market is expected to grow to $1.8 billion by 2028.
The CAGR for the market is 6.5% from 2022 to 2028.
The largest end-user of shelf and shelving, racking is supermarkets.
The fastest-growing end-user is warehouses.
The largest market for shelf and shelving, racking is North Vietnam.
The fastest-growing market for shelf and shelving, racking is South Vietnam.
Here are some of the factors that are driving the growth of the Vietnamese shelf and shelving, racking for supermarket and warehouse market:
Increasing demand for retail space: The growing population and rising disposable incomes in Vietnam are leading to an increase in the demand for retail space. This is driving the demand for shelf and shelving, racking for supermarket and warehouse.
Growing e-commerce industry: The e-commerce industry in Vietnam is growing rapidly. This is due to the increasing internet penetration and rising consumer preference for online shopping. The growth of the e-commerce industry is also driving the demand for shelf and shelving, racking for warehouse.
Rising investment in the manufacturing sector: The manufacturing sector in Vietnam is growing rapidly. This is due to the government’s focus on industrialization and the availability of cheap labor. The growth of the manufacturing sector is also driving the demand for shelf and shelving, racking for warehouse.
Here are some of the challenges that are hindering the growth of the Vietnamese shelf and shelving, racking for supermarket and warehouse market:
High cost of raw materials: The high cost of raw materials, such as steel and aluminum, is a major challenge for the Vietnamese shelf and shelving, racking for supermarket and warehouse market.
Lack of skilled labor: The lack of skilled labor is another challenge for the market.
Competition from imported products: The Vietnamese shelf and shelving, racking for supermarket and warehouse market is facing competition from imported products from China and other countries.
Despite these challenges, the Vietnamese shelf and shelving, racking for supermarket and warehouse market is expected to grow in the coming years. The growth of the market is expected to be driven by the increasing demand for retail space, growing e-commerce industry, and rising investment in the manufacturing sector.
The market report about shelf and shelving, racking for supermarket and warehouse in Vietnam 2023
Market Overview
The Vietnamese shelf and shelving, racking for supermarket and warehouse market is expected to grow at a CAGR of 6.5% from 2022 to 2028. The growth of this market is driven by the increasing demand for retail space, growing e-commerce industry, and rising investment in the manufacturing sector.
Key Trends
Increasing demand for retail space: The growing population and rising disposable incomes in Vietnam are leading to an increase in the demand for retail space. This is driving the demand for shelf and shelving, racking for supermarket and warehouse.
Growing e-commerce industry: The e-commerce industry in Vietnam is growing rapidly. This is due to the increasing internet penetration and rising consumer preference for online shopping. The growth of the e-commerce industry is also driving the demand for shelf and shelving, racking for warehouse.
Rising investment in the manufacturing sector: The manufacturing sector in Vietnam is growing rapidly. This is due to the government’s focus on industrialization and the availability of cheap labor. The growth of the manufacturing sector is also driving the demand for shelf and shelving, racking for warehouse.
Key Players
Some of the key players in the Vietnamese shelf and shelving, racking for supermarket and warehouse market are:
ONETECH VIETNAM
The Vietnamese shelf and shelving, racking for supermarket and warehouse market is segmented by product type, material, end-user, and region.
By product type: The market is segmented into static racking, mobile racking, cantilever racking, and gravity racking. Static racking is the most common type of racking used in supermarkets and warehouses. Mobile racking is used in warehouses where space is limited. Cantilever racking is used for storing long items, such as pipes and beams. Gravity racking is used for storing heavy items.
By material: The market is segmented into metal racking and plastic racking. Metal racking is the most common type of racking used in supermarkets and warehouses. Plastic racking is used for storing light items.
By end-user: The market is segmented into supermarkets, warehouses, and other end-users. Supermarkets are the largest end-user of shelf and shelving, racking. Warehouses use racking to store goods. Other end-users include factories, hospitals, and schools.
By region: The market is segmented into North Vietnam, South Vietnam, Central Vietnam, and Mekong Delta. North Vietnam is the largest market for shelf and shelving, racking. South Vietnam is the fastest-growing market for shelf and shelving, racking.
Regional Analysis
North Vietnam is the largest market for shelf and shelving, racking in Vietnam. This is due to the high population density and the presence of a large number of supermarkets and warehouses in the region. South Vietnam is the fastest-growing market for shelf and shelving, racking. This is due to the rising disposable incomes and the increasing demand for online shopping in the region.
Conclusion
The Vietnamese shelf and shelving, racking for supermarket and warehouse market is expected to grow at a CAGR of 6.5% from 2022 to 2028. The growth of this market is driven by the increasing demand for retail space, growing e-commerce industry, and rising investment in the manufacturing sector.