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GCC Industrial Racking System Market to reach a valuation of US$ 1.5 Bn by the end of 2032
e-Commerce will play a vital role in supporting the market, as the purchasing power of people in the region is increasing. Also, with increasing merchant adoption and consumer confidence in digital payments, the e-commerce sector will help overall economy growth of the region.
As a result, demand for industrial racking systems will witness a huge surge across the GCC region over the coming years.
The GCC industrial racking system market is a fragmented space with the presence of key manufacturers in the market along with small-scale manufacturing companies.
Some of the key market players included in the industry report are Jungheinrich AG, SADR Logistics, Godrej Group, Stow International, SSI Schaefer, Gonavarri Material Handling, Mecalux S.A, Kardex AG, and others.
Industrial racking systems are widely used in logistics, sorting, and related activities. Logistics is one of the most important industries as it deals with the flow management of products from the place of origin to the place of consumption, and thus, the industry also involves the integration of material handling, warehousing, packaging, transportation, inventory management, supply chain management, procurement, and shipping security.
With GCC countries trying to decrease dependence on oil earnings and move to other sectors, demand for industrial racking systems across the region is set to soar over the coming years.
Persistence Market Research, a research and consulting firm, has published a new market research report on the GCC industrial racking system market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, design, carrying capacity, sales, end use, and country. The report also provides supply and demand trends along with an overview of the parent market.
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