Middle East and Africa Rack Market is forecasted to grow at 6.4% CAGR, increasing awareness regarding optimum utilization of spaces. The high cost of installation and repair of the racks is a restraint for the market
The rack market has shown an exceptional penetration in countries such as United Arab Emirates, Saudi Arabia, and South Africa.
Middle East and Africa RackMarket Scenario
According to Data Bridge Market Research, the market for rack in the United Arab Emirates has the highest market share, followed by Saudi Arabia and South Africa. The market leader is the stow-group, accounting for an estimated market share of approximately 26.05% in the Middle East and Africa rack market. The company has gained outstanding sales through innovative rack products for several end users.
For Instance:
- In September 2021, the stow-group acquired a majority stake in Raiser Robotics. Raiser Robotics is a German start-up developing innovative solutions for warehouse automation. With this development company can enhance its innovative ASRS system for warehouse in the European region
Trends Impacting the Market
Now the question is which other regions stow-group, Power Rack, Shelving Trading LLC are targeting? Data Bridge Market Research has forecasted a large growth in the United Arab Emirates rack market. The market leaders target Saudi Arabia and South Africa to be their next revenue pockets for 2021.
Middle East and Africa rack market is becoming more competitive every year with companies such as stow-group, Power Rack, Shelving Trading LLC as they are the market leaders for the rack market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the rack market.
For more analysis on the rack market, request a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=middle-east-and-africa-rack-market
Middle East and Africa Rack Market Developments
- In November 2020, the stow-group established the facility in Sweden to fulfill the growing demand for storage equipment and automated handling of pallets and small goods. With this development company can enhance its customer base in the European region
- In March 2018, Power Rack received the certification of ISO 9001:2015 for the design, manufacturing, and sale of steel rack storage systems from American Systems Registrar LLC for its quality standard rack systems. With this development company can increase its goodwill in the market
Scope of the Middle East and Africa Rack Market
Middle East and Africa rack market is segmented based on countries into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and the Rest of the Middle East and Africa. All country-based analysis of rack market is further analyzed based on further segmentation.
- On the basis of type, the Middle East and Africa rack market is segmented into selective racks, drive-in racks, carton flow racks, mobile sliding racks, pallet flow racks, cantilever racking system, automated storage, and retrieval system, others. On the basis of material type, the Middle East and Africa rack market is segmented into roll formed steel, structural steel, hybrid. On the basis of distribution channel, the Middle East and Africa rack market is segmented into online and offline. On the basis of end-user, the Middle East and Africa rack market is segmented into food and beverages, retail, automotive, chemicals, healthcare, aviation, e-commerce, others.
To know more about the study https://www.databridgemarketresearch.com/reports/europe-rack-market
Key Pointers Covered in the Middle East and Africa Rack Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- stow-group
- Power Rack
- SHELVING TRADING LLC
- Swisslog Holding AG (A Subsidiary of Kuka)
- Esnova Racks S.A.
- Palian
- Kardex
- Revacco
- APC Storage Solutions SA
- Godrej & Khimji
Above are the key players covered in the report. To know about more and exhaustive list of rack companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-rack-market
Research Methodology: Middle East and Africa Rack Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufactures
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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