GCC materials handling market to hit $5bn
01 October 2017
The market for materials handling equipment in the GCC will maintain a compound annual growth rate (CAGR) of more than four per cent while reaching an estimated $5 billion in revenues by 2020, according to a report by Frost & Sullivan.
The report was released ahead Materials Handling Middle East 2017, which ran from September 11 to 13, in Dubai, UAE.
Organised by Messe Frankfurt Middle East, the show attracted more than 130 exhibitors from 21 countries, representing 250 brands.
The region continues to be a key focus of leaders the intralogistics, warehousing, freight and cargo industries, the report revealed.
Saudi Arabia, with about 46 per cent and the UAE with 35 per cent, make up the largest markets in the region and are expected to continue to spearhead market expansion going forward, it said.
- Flurry of launches at Cityscape
- Nakheel displays $1bn projects
- Bahrain developers to the fore
- 400 firms dazzle four-in-one show
- Messe Essen to make SteelFab debut
- Design on the double
- GCC materials handling market to hit $5bn
