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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.
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.
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.