openPR Logo
Press release

Saudi Arabia cold storage market is projected to reach $2,572 million by 2024-6Wresearch

Saudi Arabia cold storage market is projected to reach $2,572 million by 2024-6Wresearch

Saudi Arabia cold storage market is projected to reach $2,572 million by 2024-6Wresearch

Rapid Infrastructural Development Activities Coupled with Expansion of Retail & Logistics Sector Would Drive Saudi Arabia's Cold Storage Market in the Next Six Years - 6Wresearch

Saudi Arabia cold storage market recorded decrease in demand owing to lower spending due to declining oil prices and deteriorating economic conditions during 2014-16. However, post 2017, the market is expected to regain growth, attributed to recovery of oil prices, expected increase in individual spending, expansion of retail and logistic sector and growing demand for packaged/imported food items.

According to 6Wresearch, Saudi Arabia cold storage market is projected to reach $2,572 million by 2024. Government initiatives along with rapid urbanization, and rising need for food security and preservation are likely to emerge as the key driving factors for the growth of Saudi Arabia cold storage market over the coming years. In Saudi Arabia cold storage market, international players acquired dominant market revenue share, primarily due to increasing competition in quality and price of cold storage systems. The trend is expected to continue during the forecast period as well.

Explore Press Release : http://www.6wresearch.com/press-releases/saudi-arabia-cold-storage-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile.html

According to Rishi Malhotra, Sr. Research Analyst, Research and Consulting, 6Wresearch, "Reducing packaged food wastage and increasing population in Saudi Arabia is expected to leverage growth of the cold storage market during 2018-24. Amongst all the verticals, the retail & logistics segment recorded highest revenue share of the market. Over the next six years, the hospitality & healthcare and government & transportation verticals are expected to grow at a higher CAGR during 2017-24."

"Moreover, government & transportation vertical segment is also expected to record healthy growth in the near-future. With projects such as Saudi Landbridge project, expansion of King Abdullah Port, expansion of Jeddah and Dammam airport proposed by the government, the demand for cold storage for government & transportation vertical is expected to surge during the forecast period, "Rishi further added.

According to Siddhant Sharma, Research Analyst, Research and Consulting, 6Wresearch, "Central region held major market revenue share of cold storage systems attributed to increasing infrastructure development activities, especially in industrial & manufacturing verticals."

"Additionally, the Western region's growth is mainly attributed to ongoing/upcoming infrastructure projects, including increase in the number of hotels and development in logistics sector. The region also includes, Makkah and Madinah; center for Islamic pilgrimage, which is acting as a key driving factor for higher demand for cold storage solutions," Siddhant concluded.

Some of the major players in Saudi Arabia cold storage market includes- Makkah Cold Storage, Wared Logistics, Cold Storage Group of Saudi Arabia, Storkom, Himmah Logistics, T.S.S.C., Able logistics Group, R.S.A. Global, Vacker and Gulf Drug LLC.

"Saudi Arabia Cold Storage Market (2018-2024)" provides an in-depth analysis with 77 figures and 9 tables covered in more than 120 pages. The report estimates and forecast the overall Saudi Arabia cold storage market by technology, applications, verticals, end-user and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/saudi-arabia-cold-storage-market-2018-2024-ksa-forecast-by-types-chiller-freezer-end-user-verticals-storage-type-regions-competitive-landscape.html

About 6Wresearch

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA,

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Saudi Arabia cold storage market is projected to reach $2,572 million by 2024-6Wresearch here

News-ID: 1541708 • Views:

More Releases from 6Wresearch - Market Intelligence Solutions

Philippines Data Center Market (2023-2029) | 6Wresearch
Philippines Data Center Market (2023-2029) | 6Wresearch
Philippines Data Center Market Overview The Philippines Data Center Market witnessed moderate growth in 2018-19, driven by various projects such as the VITRO Paranaque and the upgrade of VITRO Pasig. In addition, government initiatives such as the launch of the Integrated Government Philippines (iGovPhil) Phase III program in 2018 and the establishment of the Data Center Incubation Program in the same year to support new data center companies in the country,
Tanzania Gaming Market (2023-2029) | Growth, Industry, Share & 6Wresearch
Tanzania Gaming Market (2023-2029) | Growth, Industry, Share & 6Wresearch
Tanzania Gaming Market Overview Tanzania Gaming Market grew significantly before the COVID-19 pandemic on account of increasing sports betting stations, mobile money subscriptions, and internet users in the country. In 2020, due to the COVID-19 pandemic, the gaming market negatively impacted retail sports betting due to the closure of public places in the country. However, the retail market recovered with ease of restrictions. Further, the evolution of smartphones and high internet
India Cookware And Serveware Market (2021-2027) | Size, Industry, Trends & Growth - 6Wresearch
India Cookware And Serveware Market (2021-2027) | Size, Industry, Trends & Growt …
India Cookware and Serveware Market Overview The India Cookware and Serveware Market witnessed moderate growth during the period 2017-2020 underpinned by rapid growth in population and rising urbanization in the country. The government of India has placed a strong emphasis on the availability of LPG gas in every household in the country, henceforth driving the growth of cookware market in the country. However, the covid-19 pandemic brought slower growth in market
UAE Coffee Market Outlook (2021-2027) | Size, Share, Growth, Revenue, Trends, Analysis & 6Wresearch
UAE Coffee Market Outlook (2021-2027) | Size, Share, Growth, Revenue, Trends, An …
UAE coffee market Overview The UAE coffee market experienced significant growth on account of a diverse population and varying preferences of the country along with strong growth in the urban population of the country and rising tourism & hospitality sector. The demand for coffee witnessed an upward growth trajectory mainly attributed to rising demand from urban consumers as they are more inclined toward the western culture where coffee has a higher

All 5 Releases


More Releases for Saudi

Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past
Saudi Arabia Pharmaceutical Market | pharmaceutical companies in saudi arabia, p …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Saudi Arabia Pharmaceutical Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report examines Saudi Arabia pharmaceutical market for the period 2016–2026. The primary
Saudi Arabia Apparel Retail Market Research Report 2022 | Market Reports On Saud …
Market Reports On Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Apparel Retail Market” under Consumer Goods category. The Saudi Arabia Apparel Retail Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Apparel Retail in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast
Saudi Arabia Airport Privatization Sector Saudi Arabia Airport Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Saudi Arabia Aviation Industry Overview Privatization in Saudi Arabia Saudi Arabia Civil Aviation Regulatory Authority 3.1 General Authority of Civil Aviation (GACA) 3.2 International Air Transport Association Saudi
Saudi Arabia Mutual Fund Sector Saudi Arabia Mutual Fund Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents 1. Saudi Arabia Financial Sector Overview 2. Saudi Arabia Stock Market and Exchange Overview 3. Saudi Arabia Mutual Fund Market Overview 4. Saudi Arabia Mutual Fund Program and Managers 4.1 Fund Managers and Companies 4.2 Types of Mutual Funds 5. Saudi Arabia Mutual Fund Asset Allocation 5.1 Market Overview 5.2 Mutual Fund Market Indicators
Saudi Arabia Radio LIve
Saudi Arabia Live Radio is created for the sake of our contemporary users to accommodate their demands and expectations. This innovative application is full of comprehensive Radio Stations, which are renewed and extended from time to time by the sophisticated professionals. The following app is absolutely free of charge and provides you with an exclusive opportunity to listen to your favorite music and newsworthy programs, as well as news from