openPR Logo
Press release

Saudi Arabia Cold Storage Market (2018-2024)

Saudi Arabia Cold Storage Market (2018-2024)

Saudi Arabia Cold Storage Market (2018-2024)

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.

Download Sample Pages @

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 More Information:

About Us:
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 particular geography.

Contact Us :
Visit our Website:

Contact Us :
Visit our Website:

1107-1108 Pearls Best Height Tower-1 Netaji Subhash Place

This release was published on openPR.

Permanent link to this press release:

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 (2018-2024) here

News-ID: 1698706 • Views: 185

More Releases from 6Wresearch- Market Intelligence Solutions

India Agriculture Equipment Market (2019-2025)
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above
Commercial Application To Drive The Growth Of UPS Systems In Vietnam - 6Wresearc …
UPS systems are witnessing mounting adoption by different end-user applications ranging from residential households, small commercial offices to large industrial enterprises. Moreover, factors such as inflow of FDI in industrial and manufacturing segments, growing power demand and increasing infrastructure projects in Vietnam have further fueled the demand for UPS systems in the country. According to 6Wresearch, Vietnam UPS Systems Market Revenues are projected to grow at a CAGR of 4.7% during
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and
India Dishwasher Market (2018-2024)
Market Forecast By Type (Free-Standing and Built-in), By Applications (Residential and Commercial), By Distribution Channels (Multi Branded Stores, Exclusive Stores and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape. India dishwasher market is exhibiting a steady growth within the country. Currently, the market is categorized as a niche segment, however, with growing product awareness amongst consumers, the market is anticipated to gain acceleration over the coming years. Increasing

All 5 Releases

More Releases for Saudi

Saudi Arabia Infrastructure Research Report
The report provides a detailed analysis of the Infrastructure sector in Saudi Arabia, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors and the major projects in the construction pipeline. Request A Free Sample Report- The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary With a young and growing population, together with rapid
Saudi Arabia Electronic Security Market-6Wresearch
Rising Security Concerns, Surging Security Spending and Large Scale Infrastructure Development to Boost the Demand for Electronic Security Systems in Saudi Arabia – 6Wresearch Infrastructure development in Saudi Arabia is accelerating at a rapid pace on account of government initiatives for economic diversification. However, with infrastructure development, country is also facing serious threats from the rising terrorism in the Middle East region. Electronic security market in the country is expected to
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
Saudi Privatization Summit 2016 – “Unlocking the hidden potential of Saudi A …
The current oil catastrophe and economic stress is compelling Saudi Arabia to transform and is set to create the World's biggest and Middle East’s strongest Sovereign Wealth Fund by welcoming International investments and privatizing state-owned companies. The Kingdom envisions to increase non-oil revenue to USD 120 Billion per year, by 2020 and a six-fold growth to USD 266 Billion per year by 2030. Diversifying traditionally-oil based economies and reducing the
Saudi Arabia Banks in Strong Financial Condition
According to our latest research offering “Saudi Arabia Banking Sector Outlook 2015”, the banking sector of Saudi Arabia is one of most well-regulated and capitalized sectors in the Middle-East region. The Kingdom ranks first in terms of banking assets, net income, profitability, net interest income, loans, and deposits. Unlike many banks around the world, Saudi Arabian banks remained in a healthy financial condition during recent euro zone crisis. It is
Engineering Insurance Gaining Momentum in Saudi Arabia
In Saudi Arabia, engineering insurance is one of the fastest growing insurance businesses as it provides coverage for a builder’s risks, construction, mechanical, and electrical breakdown. According to a new research report by RNCOS, the level of awareness regarding engineering insurance is currently low in Saudi Arabia as this type of insurance policy is offered by less number of players, and many contractors are unaware of the benefits offered by