Middle East & Africa Smart Shelves Market Size & Outlook
MEA smart shelves market highlights
- The MEA smart shelves market generated a revenue of USD 270.9 million in 2023.
- The market is expected to grow at a CAGR of 25.2% 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.
MEA data book summary
| Market revenue in 2023 | USD 270.9 million |
| Market revenue in 2030 | USD 1,304.5 million |
| Growth rate | 25.2% (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 |
| Key market players worldwide | Avery Dennison Corp, AWM Smart Shelf, E Ink Holdings, Happiest Minds Technologies, Honeywell International Inc, Huawei Technologies, Intel Corp, Lenovo Group Ltd, Samsung Electronics Co Ltd, Trax |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.2% of the global smart shelves market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,698.6 million by 2030.
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Smart Shelves Market Scope
Smart Shelves Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| E Ink Holdings | View profile | 5001-10000 | Hsinchu, T'ai-wan, Taiwan, Asia | https://tw.eink.com |
| AWM Smart Shelf | View profile | 51-100 | Aliso Viejo, California, United States, North America | https://smartshelf.com/index.html |
| Happiest Minds Technologies | View profile | 5001-10000 | Bangalore, Karnataka, India, Asia | http://www.happiestminds.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Trax | View profile | 501-1000 | Singapore, Central Region, Singapore, Asia | http://traxretail.com |
| Lenovo Group Ltd | View profile | 71090 | 979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Hong Kong, Hong Kong | https://www.lenovo.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Avery Dennison Corp | View profile | 35000 | 8080 Norton Parkway, Mentor, OH, United States, 44060 | https://www.averydennison.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
Middle East & Africa smart shelves 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 smart shelves market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa smart shelves market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of smart shelves market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa smart shelves market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart shelves market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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