“Shopfitting” added to ReportBuyer.com

March 28, 2012 - PRLog -- ReportBuyer.com has added a new report http://www.reportbuyer.com/go/KEY00408

Summary of Report  -

This Key Note Market Report explores the UK shopfitting market, the value of which was estimated to be worth £1.87bn in 2011, representing a decline of 1.3% on the previous year. The shopfitting market is comprised of three main sectors: bespoke retail fittings; standard or general fittings (shelving, counters, etc.); and display units.

Aside from specialist shopfitting companies, other types of companies also provide shopfitting services. For instance, large building services and building contracting companies often provide interior fit-out services in addition to their core activities, offering interior fit-outs for buildings across sectors, from retail and offices to financial services and hotels.

In recent years, the economic downturn and the wider, global financial difficulties have had a dramatic affect on the shopfitting market. Throughout the economic recession, numerous stores and brands - both large and small - have been forced to close, while private commercial construction activity and new orders for commercial buildings have declined significantly, and the retail vacancy rate remains high. These factors have all contributed to the considerable reductions in demand for shopfitting services.
The economic recession has also led to the rising trend towards discount retailing. Although these businesses still require shopfitting services, the work required is often far more basic than the majority of other retail stores. Also, physical retail outlets, or 'brick and mortar' businesses, have been affected by the rapidly increasing popularity of online retailing, which continues to increase its share in the retail sector.
In terms of future growth, Key Note forecasts that the UK shopfitting market will experience only slight increases, with this growth becoming increasingly significant from 2014 onwards as the UK's economy recovers. However, growth rates in the next 5 years are unlikely to return to pre-recession levels. By 2016, Key Note forecasts that the shopfitting market will have an estimated value of £2bn.

Shopfitting: UK Market Report 2012, is available at:
http://www.reportbuyer.com/consumer_goods_retail/general_...

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