Saudi Arabia Cold Storage Market Status and Forecast 2018-2024Posted by Bharat Book on August 4th, 2018 Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia Cold Storage Market (2018-2024)” under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Saudi Arabia Cold Storage Market (2018-2024): Market Forecast By Types (Chiller, Freezer and Blast Freezer), By End-User (Fish, Meat & Seafood, Dairy, Pharmaceuticals, Fruits & Vegetables, Processed/Frozen Food, Industrial Chemicals and Others), By Verticals (Government & Transportation, Healthcare & Hospitality, Industry & Manufacturing and Retail & Logistics), By Storage Type (Refrigerated Containers, Refrigerator Ships, Warehousing, Air Cargo, Refrigerated Trucks and Other Storage Type), By Regions (Central, Eastern, Western and Southern) and Competitive Landscape
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. Request a free sample copy of Cold Storage Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1188687 Saudi Arabia cold storage market is projected to reach ,572 million by 2024. Saudi Arabia market registered a decline in demand during 2014-16 due to deteriorating economic conditions owing to fall in oil prices. However, the market is anticipated to bounce back with recovery of oil prices post 2017. Further, growing concerns over food wastage and increasing population in Saudi Arabia is expected to boost the growth of the cold storage market during the forecast period. Amongst all the verticals, the retail & logistics segment acquired highest revenue share of the market. Over the next six years, the hospitality & healthcare, along with government & transportation verticals are forecast to grow at a higher CAGR during 2018-24. In Saudi Arabia, the Central region held major market for cold storage systems in terms of revenue on the back of increasing infrastructure development activities, especially in the industrial & manufacturing verticals. The Central region is expected to maintain its market share during the forecast period as well. The report thoroughly covers the market by cold storage types, technology, 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.
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