Middle East & Africa Material Handling Integration Market Size & Outlook
Middle East & Africa material handling integration market, 2018-2030 (US$M)
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MEA material handling integration market highlights
- The MEA material handling integration market generated a revenue of USD 1,701.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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.
- Country-wise, Gulf Cooperation Council is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,701.8 million |
| Market revenue in 2030 | USD 2,572.1 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.8% of the global material handling integration market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 22,994.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 66.24% in 2023. Horizon Databook has segmented the Middle East & Africa material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa (MEA) has an underdeveloped technology infrastructure, especially in the Sub Saharan African region. According to GSM Association (GSMA), in 2021, the percentage of smartphone connections was 49% in Sub-Saharan Africa. However, the technology infrastructure in the region is improving with growing 5G-related activities.
For instance, in August 2022, MTN Nigeria Communications PLC, a Nigeria-based mobile operator, launched a 5G pilot for commercial launch. According to The World Bank Group, in 2021, 8% of companies in the Middle East & North Africa (MENA) region spent on Research & Development (R&D).
Companies in the logistics sector in MENA are working toward cost efficiency and higher productivity with the growing e-commerce sector. Delivery time is an important factor in choosing an online shopping platform, which can be enhanced by warehouse automation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa material handling integration market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA material handling integration market size, by country, 2018-2030 (US$M)
Middle East & Africa Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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