Middle East & Africa Warehouse Racking Market Size & Outlook
Middle East & Africa warehouse racking market, 2018-2030 (US$M)
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MEA warehouse racking market highlights
- The MEA warehouse racking market generated a revenue of USD 801.2 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, selective pallets was the largest revenue generating product in 2023.
- Cantilever is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 801.2 million |
| Market revenue in 2030 | USD 1,080.6 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Selective pallets |
| Fastest growing segment | Cantilever |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Selective Pallets, Drive-in, Push Back, Pallet Flow, Cantilever |
| Key market players worldwide | Daifuku Co Ltd, Mecalux Espana, Kardex Holding AG Registered Shares, Nucor Corp, Emera Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, SSI SCHAEFER, KION GROUP AG, Toyota Industries Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.6% of the global warehouse racking market in 2023.
- Globally, Asia Pacific 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 3,449.9 million by 2030.
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Warehouse Racking Market Scope
Warehouse Racking Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa warehouse racking 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 warehouse racking market will help companies and investors design strategic landscapes.
Selective pallets was the largest segment with a revenue share of 43.47% in 2023. Horizon Databook has segmented the Middle East & Africa warehouse racking market based on selective pallets, drive-in, push back, pallet flow, cantilever covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa is one of the prominent markets for product growth on account of significant presence of companies engaged in automotive, manufacturing, and other industries. The region exhibits presence of multinational companies through manufacturing and distribution centers in the region.
The region witnessed significant growth in presence of multinational companies on account of its huge potential market, good customer base, and advancement in the distribution processes. The automotive logistics sector is projected to fuel the market growth over the forecast period, on account of significant partnership among the logistic providers and automakers in the region.
The Middle East & Africa warehouse racking market is projected to witness significant growth in product demand from Saudi Arabia and UAE. The pandemic had brought various industrial process challenges, including manufacturing disruptions, labor shortages, changing customer demand, and affected supply chain management.
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Our clientele includes a mix of warehouse racking market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa warehouse racking market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA warehouse racking market size, by country, 2018-2030 (US$M)
Middle East & Africa Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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