Logistics Market in Saudi Arabia 2024:
How Big is the Saudi Arabia Logistics Industry?
The logistics market in Saudi Arabia reached USD 50.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 78.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.10% during 2024-2032.
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 50.1 Billion
Market Forecast in 2032: USD 78.2 Billion
Market Growth Rate: 5.10% (2024-2032)
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Saudi Arabia Logistics Market Trends:
The Saudi Arabia market is primarily driven by the Kingdom’s strategic location as a global trade hub, linking Asia, Europe, and Africa. In line with this, the rapid expansion of e-commerce significantly augmenting demand for efficient and flexible services, particularly for last-mile delivery, is impelling the market. Furthermore, rise in the infrastructure development projects, including new ports, airports, and rail networks, are enhancing the capacity and market appeal.
Similarly, the growing need for cold chain logistics, driven by the pharmaceutical and food industries, is further contributing to market expansion. In addition to this, the increasing focus on automation and digitalization in supply chain management, including the adoption of advanced technologies, is optimizing operations, and providing an impetus to the market. Moreover, the rise in foreign direct investment (FDI) in logistics and warehousing facilities is also strengthening market competitiveness.
Saudi Arabia Logistics Market Scope & Growth Analysis:
The scope of the market spans a wide range of services, including freight forwarding, warehousing, distribution, and supply chain management, catering to diverse industries such as retail, oil and gas, and healthcare. The market scope is expected to see steady growth, driven by ongoing infrastructure development and government initiatives to transform the Kingdom into a global logistics hub. According to market analysis, the rapid expansion of e-commerce, coupled with rising demand for efficient last-mile delivery services, is a key market driver.
Additionally, the increasing adoption of advanced logistics technologies, such as automated warehouses and digital freight platforms, is enhancing operational efficiency and reducing costs. The logistics sector is also benefitting from the expansion of free trade zones and economic cities, which aim to attract international companies and augment trade volumes. As Saudi Arabia continues to invest in improving its transportation and logistics infrastructure, the market scope is positioned for sustained growth, driven by the country’s strategic vision for economic diversification.
Saudi Arabia Logistics Market Report and Segmentation:
The Saudi Arabia Logistics Market is segmented based on model type, transportation mode, and end use.
Model Type Insights:
2 PL
3 PL
4 PL
Transportation Mode Insights:
Roadways
Seaways
Railways
Airways
End Use Insights:
Manufacturing
Consumer Goods
Retail
Food and Beverages
IT Hardware
Healthcare
Chemicals
Construction
Automotive
Telecom
Oil and Gas
Others
Regional Insights:
Northern and Central Region
Western Region
Eastern Region
Southern Region
Top Players Analysis:
The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.
Other Key Points Covered in the Report:
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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