Saudi Arabia Warehouse Racking Market Size & Outlook
Saudi Arabia warehouse racking market, 2018-2030 (US$M)
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Saudi Arabia warehouse racking market highlights
- The Saudi Arabia warehouse racking market generated a revenue of USD 279.2 million in 2023 and is expected to reach USD 369.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.1% 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.
Warehouse racking market data book summary
| Market revenue in 2023 | USD 279.2 million |
| Market revenue in 2030 | USD 369.3 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Selective pallets |
| Fastest growing segment | Cantilever |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 3.0% of the global warehouse racking market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia warehouse racking market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 235.5 million by 2030.
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Warehouse Racking Market Scope
Warehouse Racking Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 41.83% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is projected to significantly contribute to the overall growth of the region on account of its potential manufacturing and industrial sectors. The market growth in Saudi Arabia can be attributed to the infrastructural development, industrial cities, superior quality utility supplies, and well-established logistic network.
The market also witnesses significant presence of food and beverage giants, including Ranosh, Khafif food, Fourth Milling, etc. The presence of multinational companies such as General Electric, Goodyear Middle East, Noon.com across varied industries, wide potential customer base, and well-developed logistic network in the country is projected to favor the demand for warehouse racking market demand.
In addition, favorable border trade policies, rising influence of social media boosting online shopping, rise in purchasing power, and availability of a wide range of products has augmented the demand for the e-commerce sector, which in turn is projected to favor the market.
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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 country-level data and insights on the Saudi Arabia warehouse racking market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia warehouse racking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia warehouse racking market size, by product, 2018-2030 (US$M)
Saudi Arabia Warehouse Racking Market Outlook Share, 2023 & 2030 (US$M)
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