Emphasis on Product Type (Refrigerated Containers, Refrigerated Vans, Others); Application (Food and Beverages, Pharmaceuticals and Healthcare, Chemicals, and Others); Country
The MENA Mobile cold storage market was valued at USD 1543.7 Million in 2022 and is expected to grow at a strong CAGR of around 14.3% during the forecast period (2023-2030) owing to the expansion of the food industry in the MENA region is driving demand for mobile cold storage solutions to maintain the quality and safety of perishable goods. The rise of e-commerce platforms necessitates efficient cold storage during transportation, promoting the adoption of mobile cold storage units. Around 91% of consumers across MENA purchased products online. 70% of consumers across MENA prefer to use a digital payment method (this figure is even higher in GCC, at 80%), as per the Transport and Logistics Middle East in 2022. Moreover, the health & stringent regulations on food safety and quality standards encourage businesses to invest in reliable mobile cold storage solutions to comply with these requirements. The pharmaceutical industry’s reliance on temperature-sensitive medications creates a demand for mobile cold storage, ensuring the safe transport of medical supplies.
Some of the major players operating in Coldroom.ae, Cold Box, Dometic Group AB (PUBL), Technical Supplies and Services Co LLC, Carrier, RSA, Triton, Refrigerated Transport Systems, Crateco Pack LLC, Harwal Group of Companies. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, the refrigerated vans segment held the largest share of the market in 2022.”
Based on the product type, the market is segmented into refrigerated containers, refrigerated vans, and others. The refrigerated vans held the significant share of the market in 2022. This is mainly due to the rise of e-commerce and the increasing demand for on-time deliveries of fresh goods in metropolitan areas have elevated the significance of refrigerated vans. As per the report, the number of e-commerce shoppers in MENA only continues to grow, around 91% of respondents said they regularly shop online, up from 87% in 2021.
MENA Mobile cold storage Market Report Coverage
“Amongst application, the pharmaceuticals and healthcare are expected to grow with a significant CAGR during the forecast period (2023-2030).”
By application, the market has been classified into food and beverages, pharmaceuticals and healthcare, chemicals, and other. The pharmaceuticals and healthcare are expected to grow with a significant CAGR during the forecast period (2023-2030). This is mainly due to the need to safeguard against temperature-sensitive medications. From vaccines to biopharmaceuticals, maintaining precise temperature conditions is imperative to ensure the efficacy and safety of pharmaceutical products. Therefore, the demand for pharmaceuticals is rising in tandem with the region’s growing population and increasing healthcare awareness.
“Saudi Arabia dominated the market.”
Saudi Arabia held a significant share of the market in 2022 owing to the rising demand for temperature-controlled storage solutions to cater to various industries such as pharmaceuticals, food and beverage, and healthcare, there is a need for efficient and mobile cold storage facilities. The Kingdom’s commitment to diversifying its economy has led to a flourishing food industry and necessitating robust cold chain infrastructure. The e-commerce boom in the region has coupled with the government’s push for a digital economy that created opportunities for mobile cold storage providers to integrate seamlessly into the supply chains of online retailers.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Mena Mobile Cold Storage Market Revenue, 2020-2030f
6. Market Insights By Product Type
7. Market Insights By Application
8. Market Insights By Country
9. Mena Mobile Cold Storage Market Dynamics
10. Mena Mobile Cold Storage Market Opportunities
11. Mena Mobile Cold Storage Market Trends
12. Demand And Supply-side Analysis
13. Value Chain Analysis
14. Regulatory Framework In The Mena Region
15. Pricing Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the MENA Mobile cold storage Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA Mobile cold storage market were the three major steps undertaken to create and analyze the adoption of MENA Mobile cold storage in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA Mobile cold storage market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA Mobile cold storage market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA Mobile cold storage market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as product type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA Mobile cold storage market. Further, we conducted factor analysis using dependent and independent variables such as product type, and application of the MENA Mobile cold storage market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the MENA Mobile cold storage market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA Mobile cold storage market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Key Stakeholders of Mobile cold storage Market in the MENA Region
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA mobile cold storage market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the product type, and application of the MENA mobile cold storage market.
The main objective of the MENA mobile cold storage Market Study
The current & future market trends of the MENA mobile cold storage market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the MENA Mobile cold storage market?
Q2: What are the driving factors for the growth of the MENA Mobile cold storage Market?
Q3: Which segment has the largest share of the MENA mobile cold storage market by application?
Q5: Which country will dominate the MENA Mobile cold storage market?
Q6: Who are the key players operating in the MENA Mobile cold storage market?
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