Gulf Cooperation Council Material Handling Integration Market Size & Outlook
Gulf Cooperation Council material handling integration market, 2018-2030 (US$M)
Related Markets
Gulf Cooperation Council material handling integration market highlights
- The Gulf Cooperation Council material handling integration market generated a revenue of USD 941.1 million in 2023 and is expected to reach USD 1,477.0 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Material handling integration market data book summary
| Market revenue in 2023 | USD 941.1 million |
| Market revenue in 2030 | USD 1,477.0 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Daifuku Co Ltd, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Cargotec Oyj ADR, KION GROUP AG, Honeywell International Inc, SSI Schaefer Systems International North America, TGW Logistics Group, Murata Manufacturing Co Ltd, Swisslog, KNAPP AG, Fives, Fortna |
Other key industry trends
- In terms of revenue, Gulf Cooperation Council accounted for 2.1% of the global material handling integration market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Gulf Cooperation Council material handling integration market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,477.0 million by 2030.
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Gulf Cooperation Council material handling integration market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to material handling integration market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.71% in 2023. Horizon Databook has segmented the Gulf Cooperation Council material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Gulf Cooperation Council (GCC) member states include the U.A.E., Kingdom of Bahrain, Kingdom of Saudi Arabia (KSA), Sultanate of Oman, Qatar, and the State of Kuwait. Businesses are focusing on digitizing distribution centers and warehouses in the region through the use of Artificial Intelligence (AI) and automation-driven technologies.
Businesses are looking to optimize space and reduce costs using automation technologies. IQRobotics, a U.A.E.-based automated warehouse solutions provider, provides material handling integration solutions. The company’s portfolio includes hardware such as picking robots, sorting robots, and conveyor systems.
Its software portfolio includes Transportation Management Systems (TMS) and Warehouse Management Systems (WMS). The increasing demand for faster delivery and growing adoption of automotive technologies is aiding the growth of the material handling integration market in GCC countries.
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Our clientele includes a mix of material handling integration market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council material handling integration market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council material handling integration market size, by component, 2018-2030 (US$M)
Gulf Cooperation Council Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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