Market Forecast By Solution Types ((Metal Shelving (Manual Rack, Screwless shelving, Slotted Angle Shelving), Pallet Racking (Coil racking and Multi-Tier Systems), Cantilever Systems, Automatic Warehouse for Pallets, Mobile Storage Systems, Mobile Racking Systems for Cold Storage, Others (Mezzanines, Coil Cladders, etc.)), By End Users (Industrial, Healthcare, Retail, Food & Beverages, Cold Storage, Office Storage, and Others), By Regions (Central Region, West Region, East Region, North Region, and South Region) And Competitive Landscape
Product Code: ETC150283 | Publication Date: Jan 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 225 | No. of Figures: 33 | No. of Tables: 45 |
Saudi Arabia Storage Systems and Logistics Solution Market are projected to grow over the coming years. Saudi Arabia Storage Systems and Logistics Solution market report is a part of our periodical regional publication Middle East Storage Systems and Logistics Solution market outlook report. 6W tracks storage systems and logistics solution market for over 60 countries with individual country-wise market opportunity assessment and publishes market the report titled Global Storage Systems and Logistics Solution Market outlook report annually.
The Saudi Arabia Storage Systems and Logistics Solution market report comprehensively cover the market by Solutions and by End Users. The market report provides an unbiased and detailed analysis of the market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The warehouse and storage sector in Saudi Arabia is a large and dynamic industry, strongly supported by state-led investments in rail, maritime, road, and airport infrastructure. The Government has identified the logistics sector as a key component of its economic diversification strategy. As part of Vision 2030, the National Industrial Development Logistic Program (NIDLP) wants to establish Saudi Arabia as a global logistics hub. The impact of COVID-19 has highlighted the need to develop and implement storage management with concurrent business continuity strategies. Moreover, the enormous growth witnessed in the E-Commerce sector would augment the establishment of warehouses and distribution centers, thereby driving the growth of the warehousing shelving solution market in the coming years.
According to 6Wresearch, Saudi Arabia Warehousing Shelving solution market revenue is projected to grow at a CAGR of 6.5% during 2021-2025. The Government has embraced rapid developments in the storage sector, for example, announcing new Integrated Logistics Bonded Zones to facilitate access for global e-retailors in the Saudi market. At present, the central region accounts for the highest revenue share in the overall Saudi Arabia Warehousing Shelving solution market owing to the ample storage and distribution facilities available in the capital city of Riyadh. Moreover, the structural changes in the warehousing sector based on the adoption of new supply chain management practices and the potential growth of E-Commerce are expected to drive up demand for warehousing shelving solutions in the coming years.
Pallet Racking, Coil Racking, and Multi-Tier Systems hold the highest revenue share in the Saudi Arabia Warehousing Shelving solution market owing to the fact that they are the most widely used storage systems in warehouses and distribution centers. Growing mega distribution centers for E-commerce, warehouse modernization, technological advancements, and allowance for more storage height would augment the demand for an automatic warehouse for pallets in the coming years.
By end-users, the food and beverages segment holds the largest share in the Saudi Arabia Warehousing Shelving Solution Market owing to the fact that Saudi Arabia is a huge importer of food and agricultural products and has vast storage solution requirements for stockpiling food products. Further, the industrial segment holds the second largest share in Saudi Arabia Warehousing Shelving solution market owing to the considerable storage solution requirements from the automotive and construction industries.
The report provides a detailed analysis of the following market segments: