This Market Report analyses the UK shopfitting market, which was worth an estimated £2.04bn at manufacturers' selling prices (msp) in 2003, an increase of 6% on 2002
April 13, 2007 (Press Release) --
Shopfitting - Market Report
This Market Report analyses the UK shopfitting market, which was worth an estimated £2.04bn at manufacturers' selling prices (msp) in 2003, an increase of 6% on 2002.
The report focuses on the basic elements of shopfitting, i.e. joinery, shop fronts, structures, fittings and shelving used in fitting out retail stores. Items such as data-collection systems, tills and in-store videos are not covered. Shopfitting activity can be divided into bespoke work for specific clients and standard fittings. Supporting statistics on retail sales and commercial construction activity are included in the report.
The shopfitting industry supports many small companies, which means that the market can only offer its very large retail customers a limited choice of major shopfitter with the design and project management resources to undertake really substantial projects. As a result, the industry is subject to encroachment by interior design and fit-out companies operating in other, similar, sectors, e.g. offices. Conversely, shopfitters also carry out non-retail work; for example, on banks and hotels. Consolidation continues to take place within the market, which should serve to increase the number of companies that can offer a broader range of skills and services.
Other issues facing this market include rising costs. In particular, shopfitters working in steel are experiencing substantial increases in steel prices, much of which is due to massive world demand. Fuel costs are also expected to rise
Shopfitting - Market Report
This Market Report analyses the UK shopfitting market, which was worth an estimated £2.04bn at manufacturers' selling prices (msp) in 2003, an increase of 6% on 2002.
The report focuses on the basic elements of shopfitting, i.e. joinery, shop fronts, structures, fittings and shelving used in fitting out retail stores. Items such as data-collection systems, tills and in-store videos are not covered. Shopfitting activity can be divided into bespoke work for specific clients and standard fittings. Supporting statistics on retail sales and commercial construction activity are included in the report.
The shopfitting industry supports many small companies, which means that the market can only offer its very large retail customers a limited choice of major shopfitter with the design and project management resources to undertake really substantial projects. As a result, the industry is subject to encroachment by interior design and fit-out companies operating in other, similar, sectors, e.g. offices. Conversely, shopfitters also carry out non-retail work; for example, on banks and hotels. Consolidation continues to take place within the market, which should serve to increase the number of companies that can offer a broader range of skills and services.
Other issues facing this market include rising costs. In particular, shopfitters working in steel are experiencing substantial increases in steel prices, much of which is due to massive world demand. Fuel costs are also expected to rise
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