Increasing demand in retail for inventory accuracy and supply chain management is expected to drive market expansion shortly at a CAGR of 7.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Floating Shelves Market” that contains information from 2019 to 2032. The Floating Shelves Market is estimated to register a CAGR of 7.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Floating Shelves Market— Rakks Shelving Systems, Shelco Shelving, Rackline, Klaxons, Lyon LLC, Lozier, Donracks, Hammond, Chatsworth Products, Wah Yew, and Steelcase.

Floating Shelves Market Highlights

The global Floating Shelves Market is accounted for to register a CAGR of 7.00% during the forecast period and is estimated to reach USD XX billion by 2032.

With the increasing urban population, living spaces, especially in apartments and smaller homes, are becoming more constrained. Floating shelves offer a space-saving storage solution that optimizes usable space without compromising aesthetics.

Segment Analysis

The global Floating Shelves Market has been segmented based on the Type and Application.

Based on the Type, the market is segmented into Metal, Wood, Plastic, and Others. The Wood segment was attributed to holding the largest market share in 2023. The surge in the popularity of do-it-yourself (DIY) projects has been a significant contributor to the growth of the wood floating shelves market. In 2022, Japanese home improvement stores reported robust sales revenue in DIY tools and materials, reaching approximately 770.24 billion Japanese yen, marking it as the third-highest figure of the past decade. This trend underscores the satisfaction homeowners derive from customizing or installing their shelves, often opting for wood due to its manageable handling and adaptability in DIY endeavors.

Based on the Application, the Floating Shelves Market has been segmented into Households, Hotels, and Others. The Households segment was expected to hold the largest market share in 2023. The rise in urban populations has led to smaller living spaces, especially in apartments and smaller homes. As a result, floating shelves have become increasingly popular among urban households as they offer a space-saving storage solution without compromising aesthetics.

Regional Analysis

The global Floating Shelves Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Floating Shelves Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Floating Shelves Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Floating Shelves Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Floating Shelves Market was maintained by the North American regional sector. The trend of urbanization in North America has led to a notable increase in smaller living spaces, particularly in urban regions characterized by apartments and condominiums. According to the 2020 Census data, the nation's urban population saw a 6.4% rise from 2010 to 2020. This increase is attributed to a shift in the definition of urban areas by the U.S. Census Bureau, which now incorporates housing unit density alongside population density. Specifically, the criteria for qualifying as an urban area changed, requiring a minimum population threshold of 5,000 or a minimum of 2,000 housing units. Consequently, there's a growing demand among consumers for space-saving storage solutions, with floating shelves emerging as an appealing option to maximize vertical storage while preserving floor space.

Moreover, the Europe market has been persistently growing over the forecast period. The surge in popularity of DIY culture and home improvement shows has led to an increase in consumers engaging in DIY projects, including the installation of floating shelves. The turnover of the top 20 DIY operators in Europe witnessed a notable rise, reaching a record high of EUR 95.667 billion, marking a substantial 9.1 percent increase compared to the previous year, which itself saw an 8.4 percent growth in 2020. Major players like Groupe Adeo in France, Kingfisher in the UK, and Obi, Bauhaus, and Hornbach in Germany collectively contributed EUR 59.744 billion in net revenue by the end of 2021, as reported by DIY International. This represents a remarkable growth of nearly 60 percent since 2011, with no downturn observed throughout the period. In real terms, this translates to an increase of approximately EUR 22.3 billion. This trend has significantly bolstered the demand for floating-shelf products in the European market.

Ongoing real estate development projects in urban areas across the Asia Pacific region are driving the demand for interior design and home décor products. According to Savills India, the demand for data centers in the real estate sector is projected to increase by 15-18 million square feet by 2025. Furthermore, luxury home sales in India surged by 130% in the first half of 2023 compared to the same period in the previous year. Within the first nine months of FY22, India's real estate sector witnessed over 1,700 acres of land deals in the top eight cities. Foreign investments in the commercial real estate sector totaled US$ 10.3 billion from 2017 to 2021. Additionally, developers anticipate a surge in demand for office spaces in Special Economic Zones (SEZs) following the replacement of the existing SEZs Act as of February 2022. Floating shelves are increasingly favored by homeowners and property developers alike due to their functionality and aesthetic appeal, making them popular additions to modern living spaces.

Furthermore, the rest of the world's Floating Shelves Market is divided into the Middle East, Africa, and Latin America. Rapid urbanization and population growth are evident in the Middle East, Africa, and Latin America. In 2022, 81.62% of the total population in Latin America & the Caribbean resided in urban areas and cities. Projections indicate that by 2050, this figure will rise to 89%. As the urban population continues to expand, there is a growing need for space-saving solutions such as floating shelves, especially in compact apartments and residences.

Key Findings of the Study

• The global Floating Shelves Market is expected to reach USD XX billion by 2032, at a CAGR of 7.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to urbanization across the Asia-Pacific region, which has led to rising disposable incomes among consumers.


• Based on Type, the Wood segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%.


• Rakks Shelving Systems, Shelco Shelving, Rackline, Klaxons, Lyon LLC, Lozier, Donracks, Hammond, Chatsworth Products, Wah Yew, and Steelcase are the key market players.