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Retail Displays Market Analysis

  • Report ID: GMI10869
  • Published Date: Aug 2024
  • Report Format: PDF

Retail Displays Market Analysis

Based on product type, the market is divided into digital signage displays, interactive displays, and non-digital displays. The digital signage displays segment is expected to reach a value of over USD 12 billion by 2032.
 

  • Digital signage displays encompass a wide range of technologies including video walls, kiosks, LED, LCD, and OLED displays, each tailored for dynamic content presentation across various industries. Video walls create immersive experiences in large venues, while Kiosks facilitate customer interactions in retail and public spaces. LED and LCD displays are favored for their brightness and adaptability, and OLED displays offer superior contrast and visual quality, making them ideal for premium applications. Collectively, these technologies drive engagement and brand messaging in commercial environments.
     
  • Interactive displays, featuring touchscreen displays and interactive kiosks, are pivotal in enhancing user engagement and streamlining operations in sectors such as retail, education, and healthcare. Touchscreen displays provide intuitive, user-friendly interfaces that are essential for interactive learning and point-of-sale systems. Interactive kiosks enable self-service options, reducing wait times and improving customer satisfaction. These technologies are critical for businesses looking to offer personalized experiences and efficient service, making them increasingly popular in both consumer and enterprise settings.
     
Retail Displays Market Share, By Application, 2023

Based on application, the retail displays market is divided into Point of Sale (POS) displays, Point of Purchase (POP) displays, in-store marketing, interactive advertising, customer engagement, product information displays, and others. The Point of Purchase (POP) displays segment is the fastest growing segment with a CAGR of over 7.5% between 2024 and 2032.
 

  • Point of Sale (POS) displays are strategically positioned at checkout areas to capture last-minute purchase decisions and enhance the overall shopping experience. These displays often feature high-visibility placements and are designed to highlight promotions, seasonal items, or impulse buys. By leveraging eye-catching graphics and innovative designs, POS displays drive immediate sales and increase average transaction value. Their effectiveness is further amplified by their ability to integrate with digital payment systems and loyalty programs, providing a seamless experience for consumers while boosting retailer revenue.
     
  • Point of Purchase (POP) displays are installed near product locations to influence consumer choices at the moment of purchase. These displays are essential for creating product visibility and educating customers about features and benefits. POP displays often utilize a variety of materials, including cardboard, acrylic, and digital screens, to capture attention and engage shoppers. Their strategic placement within stores helps in directing traffic and increasing product exposure, which can lead to higher conversion rates and enhanced brand recall.
     
U.S. Retail Displays Market Size, 2022-2032 (USD Billion)

North America dominated the global retail displays market in 2023, accounting for a share of over 38%. In North America, advanced technological integration and a rising demand for innovative retail experiences are propelling the market. With a mature retail sector, the region sees significant investments in digital signage, interactive displays, and experiential marketing. Retailers in the U.S. and Canada are harnessing these advanced technologies to boost customer engagement and enhance brand visibility. The growing emphasis on omnichannel retailing and personalized shopping experiences further accelerates the demand for retail displays in the region. Moreover, the presence of leading technology firms, coupled with a robust consumer base, bolsters the adoption of high-tech display solutions.
 

India retail displays market is witnessing rapid expansion, propelled by a burgeoning retail sector and heightened urbanization. Retailers are increasingly turning to digital and interactive displays, aiming to boost customer engagement and refine shopping experiences. The ascent of organized retail chains, coupled with the burgeoning e-commerce landscape, is amplifying the demand for sophisticated display solutions. Additionally, economic growth and escalating consumer spending are acting as catalysts, further propelling the market's expansion.
 

China retail displays industry plays a pivotal role, prominently featuring the widespread use of digital signage and interactive technologies. The nation's flourishing retail landscape, coupled with its tech-savvy consumer base, fuels a robust demand for state-of-the-art displays. As retail spaces burgeon and the emphasis on experiential shopping intensifies, the market witness’s notable growth. Furthermore, China's commitment to technological progress bolsters the creation and implementation of these advanced display solutions.
 

South Korea retail displays market stands out for its technological integration and emphasis on customer experience. Retailers are turning to digital and interactive displays, aiming to captivate tech-savvy consumers and elevate their store ambiance. With an advanced retail infrastructure and discerning consumers, there's a growing appetite for sophisticated display solutions. This innovative stance on retail displays cements South Korea's status as a pivotal player in the regional market.
 

Japan market benefits from the country's emphasis on technology and innovation. Japanese retailers leverage advanced digital signage and interactive displays to create engaging shopping experiences. The market thrives on a blend of high-tech retail environments and consumer preference for cutting-edge technology. Japan's strong retail infrastructure and focus on customer satisfaction support the growth of modern retail display solutions.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

Global market size for retail displays was valued at USD 16.5 billion in 2023 and is anticipated to register over 6% CAGR between 2024 and 2032 due to growing importance of visual merchandising and expansion of retail spaces.

The digital signage displays segment in the retail displays market is expected to reach USD 12.0 billion by 2032 due to their dynamic content presentation and visual appeal.

North America market accounted 38% revenue share in 2023 due to advanced technological integration and a rising demand for innovative retail experiences.

Samsung Electronics Co., Ltd., LG Display Co., Ltd., Panasonic Corporation, Sharp Corporation, Sony Corporation, NEC Display Solutions Ltd., and Planar Systems, Inc.

Retail Displays Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 628
  • Countries covered: 21
  • Pages: 314
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