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Follow on Google News | Saudi Arabia Cold Storage Market (2018-2024)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
By: 6Wresearch- Market Intelligence Solutions According to 6Wresearch (http://www.6wresearch.com/) Download Sample Pages @ https://tinyurl.com/ 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) (https://www.6wresearch.com/ For More Information: https://www.6wresearch.com/ About Us: 6Wresearch (http://www.6wresearch.com/) Contact Us : Visit our Website: www.6wresearch.com Phone:+911143024305 Email: sales@6wreseach.com End
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